According to Emergen Research, the global eHealth Care market size was USD 61.99 billion in 2019 and is expected to reach USD 314.55 billion in 2027 and register a revenue CAGR of 22.4% during the forecast period, 2020-2027.
According to Emergen Research, the global eHealth Care market size was USD 61.99 billion in 2019 and is expected to reach USD 314.55 billion in 2027 and register a revenue CAGR of 22.4% during the forecast period, 2020-2027.
Market Dynamics:
eHealth is an emerging field that effectively combines medical informatics, public health, and business including health services and information that is delivered through internet and related technologies. eHealth Care aims to improve efficiency in healthcare sector and decrease costs by enhancing communication between healthcare providers and patients and improving patient engagement. Increasing popularity of telemedicine and telehealth services, growing focus on improving education of physicians and patients, and rising need for efficient information exchange between healthcare establishments are some key factors expected to drive market revenue growth over the forecast period.
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eHealth leverages modern electronic information and communication technologies to facilitate communication between healthcare providers and patients and this mode of healthcare delivery is extensively being deployed in areas where healthcare is reduced or non-existent and there is a lack of access to qualified medical personnel. This is another factor expected to further boost demand for eHealth services and contribute to market growth going ahead.
eHealth can be defined as the use of information and communication technologies to enhance healthcare delivery and often includes the usage of email, text messaging, websites, mobile-based applications, and push notifications. Services provided under eHealth include physical and psychological diagnosis and treatment, telepathology, e-prescription, and teleconsultation, among others. Increasing global population and increased life expectancy are creating an increased demand for health care services that leverage technologies to cater to unmet clinical needs. This is expected to further boost revenue growth of the market going ahead. However, increasing concerns regarding risks of data privacy and security, lack of research-based evidence for eHealth impacts, lack of skilled professionals, lack of understanding regarding eHealth systems and its applications, and rising risk of potential harms are some key factors that can hamper market growth to a certain extent over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
eHealth Solutions Segment to Account for Largest Revenue Share:
eHealth Solutions segment is expected to account for largest revenue share in the global market over the forecast period attributable to increasing availability of advanced services at cost-effective prices, rapid utilization of EHRs and EMRs, and growing popularity of mobile medical apps. In addition, increasing adoption of e-prescriptions, CDSS, telemedicine, and consumer health informatics are some other factors expected to drive growth of the segment.
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Healthcare Providers Segment to Dominate other End-Use Segments:
Healthcare providers segment is expected to register significant revenue growth over the forecast period attributable to increasing advancements in healthcare facilities, growing network of hospitals and clinics, rapid adoption of remote monitoring services, and technological advancements in telemedicine and telehealth services.
Asia Pacific Market Revenue to Expand Significantly:
Asia Pacific is expected to register robust revenue CAGR over the forecast period attributable to growing patient population, rapid adoption of eHealth services, technological advancements in healthcare sector, rising geriatric population, increasing demand for advanced healthcare facilities, and growing utilization of smartphones.
Major Companies in the Market Include:
- GE Healthcare
- Allscripts
- Cerner Corporation
- Philips
- IBM Corporation
- Mckesson
- Medtronic, Inc.
- Epic Systems
- Cisco Systems
- Optum
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For the purpose of this report, Emergen Research has segmented into the global eHealth Market on the basis of product and services, end-use, and region:
Product and Services Outlook (Revenue, USD Billion; 2017-2027)
- eHealth Solutions
- Electronic Health Records/Electronic Medical Records Solutions
- Picture Archiving and Communication Systems & Vendor Neutral Archive Systems (PACS & VNAS)
- Pharmacy Information Systems
- Medical Apps
- Laboratory Information Systems (LIS)
- Personal Health Record & Patient Portals
- Chronic Care Management Apps
- Clinical Decision Support Systems
- Telehealth Solutions
- Healthcare Information Exchange (HIE)
- Radiology Information Systems (RIS)
- E-Prescribing Solutions
- Cardiovascular Information Systems
- Other Specialty Information Management Systems
- eHealth Services
- Remote Monitoring Services
- Diagnosis & Consultation Services
- Database Management Services
- Treatment Services
- Healthcare System Strengthening Services
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Pharmacies
- Healthcare Payers
- Healthcare Consumers
- Healthcare Providers
- Hospitals
- Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
- Ambulatory Care Centers
- Others
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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