Report Scope & Overview:
The eHealth Market Size was valued at USD 243.54 billion in 2021, and is expected to reach USD 866.95 billion by 2030, and grow at a CAGR of 17.2% over the forecast period 2023-2030.
E-health is a type of modern healthcare that makes use of electronic processes and communications. E-health, or medical informatics, is a promising topic in the intersection of public health and business. It enables patients to take an active role in their therapy, allowing them to get a better awareness of their illnesses and learn how to manage them more successfully. For health facilities and development, it uses telecommunications such as computers, mobile devices, and the internet. In both high- and low-income countries, it provides cost-effective healthcare delivery.
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E-health services entail the digitalization of the patient's medical record and its online sharing. Patients can now record and track their medical symptoms with the use of healthcare applications. People prefer to consult doctors using online interfaces, which has diminished the significance of actual hospitals to some extent. These apps also help with patient-centric services like monitoring, diagnosis, full treatment, and prevention. According to the E-Health Services Market Scenario, the utilisation of these services will skyrocket in the near future.
The usage of eHealth technologies to handle regulatory compliance is becoming increasingly important.
There's a need to rein in rising healthcare prices.
Government initiatives to encourage the use of eHealth solutions and services are becoming more common.
Chronic illness is becoming more common.
Changes in healthcare delivery that are more patient-centered
Medical personnel are in short supply.
Big data usage is increasing.
Doubts for medical professionals to use advanced eHealth solutions
eHealth solutions have a high cost of distribution and storage.
Emerging markets provide prospects for growth.
Markets for mobile health, remote patient monitoring, and telehealth are growing.
Outpatient care institutions are increasingly using eHealth technologies.
IT experts are in short supply.
Privacy, licensing, and data breaches are all security considerations.
Integration of eHealth solutions, inefficiencies, and collaboration
IMPACT OF COVID-19
Coronavirus is a global pandemic that has affected people all over the world. Except for the pharmaceutical business, it has had a negative impact on all of the industries' operations. In practically every corner of the planet, there has been a complete lockdown, and people have been compelled to remain at home. Every country has closed their borders, making international travel impossible in the near future. Many people have lost their jobs as a result of the recent economic downturn. This has also had an impact on the e-health industry.
The Global E-Health Services Market Share is expected to expand significantly following the Covid19 issue. E-health service providers are now seeking to create digital solutions that benefit both doctors and patients.
The E-health services business is also growing as patients become more aware of generic medications and consultation apps. The government is promoting the adoption of E-health software and services, which require little or no physical contact.
By Product Type
MHealth is likely to retain its revenue control over the period of speculation. This significant growth in mHealth may be attributed to fluctuations in consumer preferences due to increased data usage and demand, as well as faster adoption of smartphones. In addition, 3G and 4G enabled services such as high-speed data transfer and video calling assistance in the immediate delivery of health care. The eHealth market is divided into Electronic Health Records (EHR), health information systems, m-health, and large inventory-based health data.
The EHR market is predicted to rise in the approaching years, owing to the growing use of EHR by both developed and emerging countries. In terms of quick access to patient records, increased decision assistance, clinical alarms, and real-time quality reporting, EHR enhances healthcare quality while also providing convenience to healthcare providers. These advantages have aided in the spread of electronic health records around the world.
By Service Type
The revenue share for the monitoring category was the highest. This category is predicted to develop in response to rising demand for self-monitoring devices that automatically record various physical activities and vital signs and build a database. Healthcare strengthening, Monitoring, diagnostic, and other services have been classified as segments of the market. Vital signs, specialised, adherence monitoring, and accessories are all included in the monitoring category.
Over the projected period, the diagnostic services market is expected to rise at a healthy pace. Diagnostic services provide patients with immediate access to information that aids in the diagnosis of illnesses and other medical problems. During the projected period, this aspect is expected to boost demand for these services and boost the market.
The healthcare providers segment accounted for a significant portion of the total revenue. In respect of patient workflow and data management, eHealth is extremely beneficial to healthcare practitioners. In the next years, this is projected to help the industry flourish. The market is divided into healthcare providers, insurers, government, and healthcare consumers based on their end-users.
During the projected period, the insurer segment is expected to increase at a rapid pace. eHealth synchronizes all healthcare data, reducing the amount of paperwork that must be completed. It also contributes to a quicker resolution of claims. In the following years, such benefits are expected to contribute to growth.
KEY MARKET SEGMENTATION:
By Product Type
Electronic Health Record (EHR)
Big Data for Health
Health Information Systems (HIS)
By Service Type
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With the greatest revenue share, North America dominated the overall eHealth business.Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa make up the eHealth market (MEA).
Due to increased government funding to build healthcare infrastructure, Asia Pacific is likely to see profitable growth during the projection period. The presence of a huge population base suffering from chronic illnesses, as well as the patient's significant unmet medical needs, are likely to propel regional market expansion throughout the projection period
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Some of the major key players of eHealth Market are as follows: Motion Computing Inc., Apple, Epocrates Inc., IBM, Telecare Corporation, SetPoint Medical, Medisafe, Doximity, Lift Labs and Other Players.
|Market Size in 2022||US$ 243.54 Billion|
|Market Size by 2030||US$ 866.95 Billion|
|CAGR||CAGR of 17.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product Type (Electronic Health Record (EHR), Big Data for Health, mHealth, Health Information Systems (HIS), Telemedicine)
• By Service Type (Monitoring Services, Diagnostic Services, Healthcare Strengthening)
• By End-use (Providers, Government, Insurers, Healthcare consumers)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Motion Computing Inc., Apple, Epocrates Inc., IBM, Telecare Corporation, SetPoint Medical, Medisafe, Doximity, and Lift Labs.|
|DRIVERS||• The usage of eHealth technologies to handle regulatory compliance is becoming increasingly important.
• There's a need to rein in rising healthcare prices.
• Government initiatives to encourage the use of eHealth solutions and services are becoming more common.
|RESTRAINTS||• Doubts for medical professionals to use advanced eHealth solutions
• eHealth solutions have a high cost of distribution and storage.
Ans: The eHealth Market size was valued at US$ 243.54 billion in 2022.
Ans: The EHealth Market is to grow at a CAGR of 17.2% over the forecast period 2023-2030.
Yes, this report covers qualitative and quantitative analysis.
Ans: The major key players are Motion Computing, Apple, IBM, and Medisafe.
Ans: The usage of eHealth technologies to handle regulatory compliance is becoming increasingly important and Chronic illness is becoming more common are the growth factors of eHealth market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. eHealth Market Segmentation, By Product Type
8.1 Electronic Health Record (EHR)
8.2 Big Data for Health
8.4 Health Information Systems (HIS)
9. eHealth Market Segmentation, By Service Type
9.1 Monitoring Services
9.2 Diagnostic Services
9.3 Healthcare Strengthening
10. eHealth Market Segmentation, By End-use
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Motion Computing Inc
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.3 Epocrates Inc.
12.5 Telecare Corporation
12.6 SetPoint Medical
12.9 Lift Labs
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
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