The e-Health Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the e-Health Market is estimated to be USD 98.09 billion in 2016 and predicted to rise to USD 195.58 billion by 2021 with a CAGR of 14.8%. The market is segmented based on types, e-Health Market is segmented into Telemedicine, Consumer, Information System, EHR, ePrescribing, Health Information, mHealth, Health Management and Clinical Decision Support. By services, they have been segmented into Administrative, Diagnostic, Monitoring, Financial. These services have been sub-segmented further. Based on end-users, the market is segmented into Healthcare Consumers, Providers, Government, Insurers. Futhermore, based on geography the market is segmented into various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
e-Health Market has shown promising signs lately. With the application of Information & Communication Technology (ICT) in healthcare, everyone now has access to proper healthcare facilities. The gradual shift to digital healthcare system for analysis and management of patient health has resulted in the rapid growth of this market. Increasing cases of chronic diseases, and technological developments in this field are supporting this growth. e-Health solutions have the ability to provide cost-effective healthcare services, research, public health, and health-related activities. Practical application and advancement in ICT, ever-increasing number of mobile and internet users, miniaturization and decreasing costs of sensors and other devices are some of the key drivers of this market. Growing demand for population health management and the necessity to cut healthcare expenses has led to rising demand for e-Health solutions across the world. However, fraudulent activities, usability problems, privacy and security concerns, among others, are factors that restrain the growth of the e-Health market. Interoperability is also a significant challenge for the growth of this industry and if not dealt properly soon, the whole purpose of implementing e-health would be defeated.
EHR is the largest product segment in the e-Health market with almost one-fourth the share which can be credited to growing acceptance rate of EHR by many developed and developing nations alike across the world. mHealth industry is expected to be the fastest growing product segment. This extensive growth in mHealth can be attributed to changing consumer preferences on account of increasing consumption and demand for data services coupled with growing usage of smart phones. In addition, 3G and 4G enabled services such as high-speed data transfer and video calling help in fast healthcare delivery.
North America is expected to dominate the market in the next few years. Presence of digitally maintained population base and various initiatives by the American Health Information Community are expected to be the drivers of this growth. Asia-Pacific is expected to witness tremendous growth during the next few years mainly because of increasing government support to improve healthcare infrastructure in these countries. The presence of large population base suffering from chronic disorders and high unmet medical needs of the patient are the major factors expected to accelerate the region’s growth.
Some of the major players in the e-Health market are Boston Scientific Corp., IBM, Motion Computing Inc., GE Healthcare, Epocrates Inc., Telecare Corp., CompuMed, Medisafe, Set Point Medical, Doximity, Lift Labs, Proteus Digital Health and Apple.
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