Increasing need to reduce healthcare-related expenses, the growing burden of chronic illnesses, and the advent of advanced technologies are projected to influence the demand for the eHealth market over the estimated period.
The Global eHealth Market is expected to be valued at USD 314.55 Billion in 2027 from USD 61.99 Billion in 2019, registering a CAGR of 22.4% through the forecast period. The market has observed an increased demand over the last decade accredited to the rapid surge in smartphone penetration and the advent of advanced medical technologies. Digital health has emerged as a successful venture, garnering attraction from venture capitalists and organizations outside the healthcare sector.
A growing need to mitigate healthcare expenditure, increasing government initiatives to encourage eHealth applications, the increasing burden of chronic illnesses and disorders, and a growing shift towards patient-centric healthcare approaches are further projected to fuel the industry’s expansion over the next decade. The technology offers cost-efficient benefits for both the developing and developed nations. The growing apprehension towards the sedentary lifestyle and the increasing rate of occurrences of diabetes and hypertension in the world are estimated to augment the market growth in the forthcoming years.
The miscommunication between physicians and their patients is one of the primary reasons for the medical errors in the medical domain. eHealth helps mitigate medical errors and provide point-of-care tools that enable effective communication, better clinical decision making, and enhanced patient outcomes.
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Key Highlights from the Report:
Electronic health records are patient-centric and real-time generated records that rapidly use the available information and a reliable environment. EHR comprises of medical histories of patients and offers a comprehensive overview of the patient’s care. This is projected to boost the growth of the telehealth solutions segment over the estimated period.
Remote monitoring services are a telemedicine service extensively used to regulate and monitor the patient’s condition. It also assesses the performance of the control and preventive check-ups outside the vicinity of medical organizations. The accelerated adoption of remote monitoring services is projected to augment the growth of the healthcare providers segment in the forecast timeframe.
Hospitals accounted for a significant share of the market in 2019 and are projected to lead the market expansion in the forthcoming years. The growth can be accredited to the growing investment to develop the healthcare system and the increasing incidences of chronic and infectious illnesses.
The Asia Pacific region is foreseen to dominate the market growth over the projected timeframe due to the rapid emergence of eHealth solutions, a large number of unchecked populations in APAC countries such as China and India, and the escalating geriatric populace in countries such as Japan and Singapore.
Major companies operating in the market include Cisco Systems, GE Healthcare, Cerner Corporation, Allscripts, Philips, Optum, Medtronic, Inc., IBM Corporation, Epic Systems, and Mckesson, among others.
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For the purpose of this report, Emergen Research has segmented the Global eHealth Market on the basis of product and services, end-user, and region:
eHealth Market Product and Services Outlook (Revenue, USD Billion; 2017-2027)
Electronic Health Records/Electronic Medical Records Solutions
Picture Archiving and Communication Systems & Vendor Neutral Archive Systems (PACS & VNAS)
Pharmacy Information Systems
Laboratory Information Systems (LIS)
Personal Health Record & Patient Portals
Chronic Care Management Apps
Clinical Decision Support Systems
Healthcare Information Exchange (HIE)
Radiology Information Systems (RIS)
Cardiovascular Information Systems
Other Specialty Information Management Systems
Remote Monitoring Services
Diagnosis & Consultation Services
Database Management Services
Healthcare System Strengthening Services
eHealth Market End-User Outlook (Revenue, USD Billion; 2017-2027)
Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
Ambulatory Care Centers
Others End Users
eHealth Market Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. eHealth Market Segmentation & Impact Analysis
Chapter 5. eHealth Market By Product and Services Insights & Trends Revenue (USD Million)
Chapter 6. eHealth Market By End User Insights & Trends Revenue (USD Million)
Chapter 7. eHealth Market Regional Outlook
Chapter 8. Competitive Landscape
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