E-health Services Market Size, Trends and Growth Analysis by types (EHR, ePrescribing, Telemedicine, big data systems, Clinical Decision Support, Consumer health IT) by service (Administrative ,Clinical, Financial) by end user (hospitals, clinics and others)-Forecast to 2023
eHealth Market Scenario
Market Research Future (MRFR) assessed the global eHealth services market across the assessment period till 2023. The eHealth market can rise at 12.9% CAGR between 2017 and 2023. By 2023, the eHealth market is expected to touch USD 270 Bn. eHealth services offers effective management to healthcare organization that assists with effective information and communication technologies. Thus, the widespread application of eHealth can promote its market. The penetration of telemedicine and medical health records solutions can support the market expansion in the assessment period.
The high feasibility offered by eHealth service in storing and processing of healthcare data can improve the market in impetus. In addition, the efficacious security solution offered by eHealth that aid in preserving security of privacy and facilities to easy access of data can also bolster the eHealth market. The adoption of eHealth market over other conventional clinical data management methods can support the market rise. Extensive use of ICT healthcare and related software, reduce cost, presence of effective infrastructure for the adoption of eHealth, improve quality, and adequate and safe storage of data are other causes that can boost the eHealth market rise. Issues with cost of installation of different eHealth service may restraint the market expansion.
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eHealth Market Segmentation
The segment evaluation of the Global eHealth market is done by type, end-user, and service.
The type-based segments of the eHealth market are eHealth technologies that comprise ePrescribing, Electronic Health Records (EHR), big data systems, Telemedicine, Consumer health IT, Clinical Decision Support System (CDSS), and Knowledge Management System (KMS). The rise in application of EHR to benefit the eHealth market.
The service-based segments of the eHealth market are clinical services, administrative services, and financial service. The administrative service segment can churn-up decent revenue for the eHealth market in the approaching years.
The end user-based segments of the eHealth market are clinics, hospitals, and health insurance companies among others. The health insurance segment to offer decent push to the eHealth market rise to surge.
eHealth Market Regional Analysis
In North America, the eHealth market can thrive at high pace through the review period. The expansion of North America eHealth market can be attributed to the rising demand for IT infrastructure, escalation of investments, and implementation of regulatory mandates for eHealth solutions. The existence of a large number of Healthcare IT companies, and need for remote patient monitoring facilities can serve the regional market surge. The rise in the need to manage prevalent chronic diseases and treat lifestyle disorders can promote the market.
In Asia Pacific, the eHealth market can rise with the highest CAGR as the regional market is likely to be driven by multiple reforms that can modernize healthcare system and offer government investments. The rise in medical tourism, increase in per capita income, and implementation of eHealth programs are other causes that can promote the market.
In Europe, the eHealth market rise can be credited to causes, such as; reluctance of medical professionals in the adoption of advanced eHealth solutions and the cost-effectiveness in the maintenance of eHealth solutions deployment.
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eHealth Market Key Players
IBM Corporation (U.S), GE Healthcare (U.S), Allscripts Healthcare Solutions Inc. (U.S), McKinsey & Co. (U.S), Epocrates Inc. (U.S), Motion Computing Inc. (U.S), Telecare Corp. (U.S), Proteus Digital Health (U.S), GE Healthcare (U.S), Apple (U.S), and Boston Scientific Corp (U.S), Cerner (U.S) are some reputed companies that are functioning in the global eHealth market that are well-recognised by MRFR.
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