North America eHealth Market

North America eHealth Market Size (2023 to 2028)

The size of the North America eHealth Market is forecasted to grow to USD 11939 million by 2028 from USD 6217 million in 2023, growing at a CAGR of 13.94% between 2023 to 2028.

The growing prevalence of chronic diseases across the North American region and the increasing patient population is primarily driving the eHealth market growth in North America. Approximately 6 in 10 adults are suffering from a chronic disease in the United States. Cardiovascular diseases, diabetes, obesity, and cancer are the leading chronic diseases and cause significant mortalities worldwide every year. The rising adoption of unhealthy lifestyles, increasing consumption of tobacco and alcohol, and reduction in walking and workouts are primarily resulting in the diagnosis of chronic diseases in people. eHealth is providing a chronic disease portal that includes information regarding the chronic disease and the cause and treatment of the respective disease to educate people and encourage pre-checkups and treatment in the early stages. eHealth makes it more convenient for hospitals when there is a large patient population. Using manual records for storing patient data, may lead to human errors and may result in issues with the treatment. Data stored online through software in hospitals help the healthcare provider to give better treatment without wasting time time searching for manual records.

The growing awareness about eHealth technologies among the North American population is further fuelling the growth of the North American eHealth market. Increasing awareness programs by the government and healthcare organizations about the importance of eHealth technologies help in adopting eHealth technologies. eHealth will provide healthcare and other health-related services 24/7 and provide basic treatment to a patient who is living a long distance from the hospitals.

The growing number of advancements in the development of various software and technologies is boosting the growth of the eHealth market in North America. Using advanced technologies such as artificial intelligence and machine learning in medical devices and applications, used to predict the symptoms of chronic diseases and help in giving proper treatment to prevent or cure the disease in the early stage also support market growth.

The high cost of some of the software is the major factor for the slowdown of market growth. Lack of skilled professionals for the usage of eHealth technologies, difficulty in maintenance of a large amount of data, data privacy, and security concerns are the other factors that restrain the market growth during the forecast period.

This research report on the North American eHealth Market has been segmented and sub-segmented into the following categories:

By Type: 

• Telemedicine
• Consumer Information System
• EHR
• ePrescribing
• Health Information
• mHealth
• Health Management
• Clinical Decision Support

By Services: 

• Administrative
• Diagnostic
• Monitoring
• Financial

By End-Use: 

• Healthcare Consumers
• Providers
• Government
• Insurers

By Country: 

• The United States
• Canada
• Rest of North America

Regional Analysis:

North America holds the maximum share in the market growth due to the increasing adoption of advanced technologies in the healthcare system for people's health. Increasing mobile usage and growing internet penetration are the main reasons for the growth of the eHealth market in this region. During the pandemic, telehealth and telemedicine played a major role in providing healthcare to patients and populations through video and audio calls. Populations and healthcare providers have adopted this eHealth technology to reduce the spread of the virus.

The U.S. eHealth market held the major share of the North American market in 2022 and is predicted to continue the same trend throughout the forecast period. Most of the hospitals in the country have adopted electronic health records that maintain all the patient records and help provide proper treatment to the patient for a fast recovery. The increasing use of remote patient monitoring devices by the United States population also demands market growth. Remote patient monitoring devices help the population to regularly check their health and the data stored in the devices are sent to the healthcare provider for further treatment.

The Canadian eHealth market is predicted to showcase a notable CAGR during the forecast period owing to the increasing adoption of digital technology in hospitals and clinics to improve the effectiveness of treatments. Health Canada takes several measures in using eHealth technology to avoid data privacy issues and fraud in applications used for telehealth.

KEY MARKET PLAYERS:

Companies playing a dominant role in the North America eHealth Market profiled in this report are Boston Scientific Corp., IBM, Motion Computing Inc., GE Healthcare, Epocrates Inc., Telecare Corp., CompuMed, Medisafe, SetPoint Medical, Doximity, Lift Labs, Proteus Digital Health and Apple.