Global eHealth Market size is anticipated to reach USD 270 Billion at a 12.9% CAGR by 2023. eHealth is known for its excellent management of healthcare organizations using information & communication technology (ICT) as resource. In the medical sector, ICT is used in the form of medical health records and telemedicine.
The preeminent market driving factor of the global eHealth Market is the advantages that eHealth services offer over conventional methods of clinical data management. Such advantages include avoidance of manual records, saving the paper, and timely access to patient data. Other factors driving the eHealth Market growth include the availability of infrastructure for implementation of eHealth, extensive use of software and ICT healthcare, improvement in quality, reduced cost, and lastly, safe, and adequate storage of data. However, the cost of installation of eHealth service can restrain the market.
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eHealth Market Segmentation
The global eHealth Market segmentation encompasses end-user, service, and types.
Regarding end-users, this eHealth market has been segmented into clinics, health insurance companies, hospitals, and others. By types, the eHealth market has been segmented into various technologies that include big data systems, clinical decision support system (CDSS), consumer health information technology (IT), electronic health records (EHR), e-prescribing & telemedicine, and knowledge management system (KMS).
In the context of service, the eHealth market has been segmented into administrative services, clinical services, and financial services. The administrative services segment has been sub-segmented into workforce management and others. The clinical services segment has sub-segmented into applied intelligence, care delivery management, enterprise imaging, health cloud, and others. The financial services segment has been sub-segmented into financial risk management and revenue cycle management.
eHealth Market Regional Insights
A geographical outlining of the global eHealth Market covers Europe, the Americas (North America & South America), Asia Pacific, and the Middle East & Africa (MEA).
North America alone can emerge as the largest regional eHealth market due to the extensive use of software for data management and concentration of significant market players in the USA. This makes North America bigger than South America in terms of market revenue. Maximum market revenue is generated in the USA. Availability of advanced medical facilities in the USA and Canada is the second reason for strengthening the market growth in North America. Therefore, the mere presence of North America makes the Americas the largest regional market.
Europe is the second-largest eHealth market, primarily due to technological advancement and the presence of some prominent market players. Due to reasons, same as the Americas, Europe is scoring well, more specifically Western Europe. The pressing country-specific markets in this region include France, Germany, Italy, Spain, and the UK.
During the forecast period, the Asia Pacific region can rise as the fastest growing regional market due to growing infrastructure and improving standard of medical facilities available here. The largest country-specific markets in this region are Australia, China, India, Japan, and South Korea.
The MEA region can experience steady growth during the forecast period as internet facilities are improving a lot in the Middle East segment and a little bit in Africa. Low per capita income keeps the market growth slow. The vital country-specific markets in this region are Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.
eHealth Market Key Players
Prominent players in the global eHealth Market include Allscripts Healthcare Solutions Inc. (USA), Apple (USA), Boston Scientific Corp (USA), Cerner (USA), Epocrates Inc. (USA), GE Healthcare (USA), IBM Corporation (USA), McKinsey & Co. (USA), Motion Computing Inc. (USA), Proteus Digital Health (USA), and Telecare Corp. (USA).
eHealth Industry News
India-based eHealth service provider HealthAssure has secured funding worth USD 2.5 Mn. This is expected to help the company in pervading the regional market with substantial innovation. New entrants are expected to make the regional market a competitive one.
Table of Content:
1 Report Prologue
2 eHealth Market Introduction
- Scope Of The Study
- Research Objective
- Market Structure
- Market Segmentation
3 eHealth Market Research Methodology
- Primary Research
- Secondary Research
- Market Size Estimation
- Forecast Model
4 eHealth Market Factor Analysis
- Threat Of New Entrants
- Threat Of Substitutes
- Porter’s Five Forces Analysis
- Bargaining Power Of Suppliers
- Bargaining Power Of Buyers
- Intensity Of Rivalry
- Value Chain Analysis
- Investment Opportunities
- Up-Coming Trends In Healthcare BPO Market
5 eHealth Market Dynamics
- Macroeconomic Indicators
- Trends & Assessment
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