Global eHealth market was valued at USD 85.44 Billion in 2014. It is forecast to grow at a rate of 15.8% during the forecast period. eHealth provides cost-effective healthcare delivery for both low- and high-income countries. The World Health Organization (WHO), which promotes eHealth, is urging its member states to develop a strategy plan for digital health services. This will be a powerful driver for the industry's growth.
North America's eHealth Market, by Product, 2012-2022 (USD million)
The sedentary lifestyle of many people will lead to an increase in the incidence of lifestyle-associated diseases such as diabetes and hypertension. These diseases require monitoring of several physiological parameters, such as blood sugar and blood pressure, round-the-clock. These devices allow for the integration of healthcare data with mobile devices, and this data can then be forwarded to a physician. This gives real-time data access and reduces errors, which in turn boosts the demand for this industry.
This industry is expected to see significant growth due to increased awareness and acceptance of eHealth by healthcare professionals. These services will be constrained by growing demand for data privacy security infrastructure and increasing security concerns. This industry will be constrained by the low infrastructure needed in developing countries, as well as the high price of IT tools for health.
Electronic Health Records (EHR), Telemedicine, Health Information System, Clinical Decision Support, Health Management, Consumer Health Informatics, mHealth, and E-Prescriptions are some of the key products in this sector. EHR held the largest market share at 25.0%. This can be attributed in part to the increasing adoption of EHR by many developing and developed countries.
EHR can improve healthcare quality and offer convenience to healthcare providers by providing quick access to patient records, better decision support, clinical alerts, real-time quality reporting, and improved healthcare quality. These benefits have contributed to EHR's worldwide growth.
The mHealth industry will experience lucrative growth during the forecast period, with a CAGR exceeding 27.0%. The transformation of consumer preferences and the rapid growth of smartphones can explain this substantial growth in mHealth. Additionally, 4G and 3G-enabled services like high-speed data transfer or video calling are available to aid in quick healthcare delivery.
The study covers services such as monitoring, diagnostic, strengthening healthcare, and others. Monitoring includes specialty, adherence monitoring and accessories. This segment accounted for the largest percentage of more than 60.0% in 2014. The segment is expected to grow due to growing demand for self-monitoring equipment that automatically monitors various activities and vital signs, and creates a database. With a CAGR exceeding 15.0%, diagnostic services will see lucrative growth. Diagnosis services provide instant connectivity for patients, which aid in diagnosing ailments and other healthcare issues.
The end-users of eHealth are healthcare providers, insurance companies, the government, and consumers. In 2014, a large share of eHealth users was held by healthcare providers. eHealth provides great benefits for healthcare professionals in terms data management and workflow. Insurers are expected to see lucrative growth in the future due to a decrease in paperwork and faster claims settlement.
The eHealth market can be divided geographically into North America and Europe, Asia-Pacific (Latin America), MEA, and Europe. With a 38.0% share of the total eHealth market, North America dominated. This can be attributed in part to the availability and support infrastructure like high-speed Internet. Due to increased government support for healthcare infrastructure, Asia-Pacific will experience lucrative growth over the forecast period. Major factors that will drive the region's growth are its large population with chronic diseases and unmet medical needs.
Motion Computing Inc. and Epocrates Inc. are key players in this market. This market is characterized by new product launches, technological advances, and collaborations to gain a competitive advantage.
Doximity, a top medical network, launched in August 2015 its second-generation residency navigator. This interactive tool allows doctors to compare residency programs. The company hopes to expand its E-health service penetration with this launch.
b. Global ehealth market was valued at USD 204.98 Billion in 2019, and is projected to grow to USD 247.84 Billion in 2020.
What is the growth rate of the ehealth industry?b. Global ehealth market will grow at a compound annual rate of 23.4% between 2019 and 2026, to reach USD 895.13 million by 2026.
Which segment had the largest share of the ehealth market?b. With a 38.72% share in 2019, North America was the dominant ehealth market. This can be attributed to the availability and support infrastructure like high-speed Internet.
What are the major players in the ehealth market and who are they?b. Motion Computing Inc. and Epocrates Inc. are key players in the ehealth industry.
What are the driving factors for the ehealth marketb. b.
Up Market Research published a new report titled “eHealth Market research report which is segmented by Services (Diagnostic, Monitoring, Healthcare Strengthening), by End-Use (Government, Providers, Insurers, Healthcare Consumers), by Product (Clinical Decision Support, mHealth, Consumer Health Information, ePrescribing, Health Management, EHR, Telemedicine, Information System), By Players/Companies Doximity, IBM, Epocrates Inc, Telecare Corporation, Medisafe, Lift Labs, Apple The key trend witnessed in this market includes new product launches, Motion Computing Inc, technological advancements, Set Point Medical, collaborations to gain competitive advantage”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | eHealth Market Research Report |
By Services | Diagnostic, Monitoring, Healthcare Strengthening |
By End-Use | Government, Providers, Insurers, Healthcare Consumers |
By Product | Clinical Decision Support, mHealth, Consumer Health Information, ePrescribing, Health Management, EHR, Telemedicine, Information System |
By Companies | Doximity, IBM, Epocrates Inc, Telecare Corporation, Medisafe, Lift Labs, Apple The key trend witnessed in this market includes new product launches, Motion Computing Inc, technological advancements, Set Point Medical, collaborations to gain competitive advantage |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 202 |
Number of Tables & Figures | 142 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Services (Diagnostic, Monitoring, Healthcare Strengthening), by End-Use (Government, Providers, Insurers, Healthcare Consumers), by Product (Clinical Decision Support, mHealth, Consumer Health Information, ePrescribing, Health Management, EHR, Telemedicine, Information System).
eHealth Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the eHealth Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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