The shift toward patient-centric care coupled with the rising digitization of products and services enables remote recording and remote sharing of medical records, rising disposable income, introduction of innovative and advanced eHealth solutions and rising number of infectious diseases are expected to drive the growth of the eHealth market.
According to research report the global eHealth market size is projected to reach USD 193.8 billion by 2025 from USD 69.5 billion in 2020, at a CAGR of 22.8% during the forecast period.
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The market is segmented by Solutions (EMR, PACS VNA, RIS, LIS, CVIS, Telehealth, eRx, HIE, Patient Portal, Medical Apps), Services (Remote Patient Monitoring, Diagnostic Services) End User Geography
Based on end user, the eHealth market has been segmented into healthcare providers, healthcare payers, healthcare consumers, pharmacies and other end-users of these, healthcare providers segment accounted for the largest share of the eHealth solutions market in 2019. Healthcare providers include hospitals, ASCs and home healthcare agencies. High segmental market share can is attributable to the increasing hospital and out-patient admissions. These healthcare institutes are well-equipped with all the necessary eHealth software and solutions. Moreover, these healthcare institutes have skilled professionals to operate this software. This facilitates the clinical workflow in hospitals, ASCs and other healthcare institutes thereby, gearing up the recovery process. Above mentioned factors stimulate the market growth.
Based on eHealth solutions, EHR/EMR Solutions, Medical Apps, Picture Archiving and Communication, Systems Vendor Neutral Archive, Chronic Care Management Apps, PHR Patient Portals, Health Information Exchange Solutions, Telehealth Solutions, Pharmacy Information Systems, Laboratory Information Systems, Clinical Decision Support Systems, E-Prescribing Solutions, Radiology Information Systems, Cardiovascular Information Systems and Other Specialty Information Systems The market for EHR/EMR segment is expected to grow significantly in the forthcoming years. Segment growth is attributable to the rising cases of Covid-19 that has compelled the companies operational in the eHealth solutions market to develop highly efficient EHR software that improves the operations in hospitals and other healthcare institutes.
Geographically, the North American market accounted for the largest share of the eHealth market in 2019 due to the presence of a well-established base of eHealth companies, high investments in the several healthcare IT, and increasing RD expenditure. The Asia Pacific market is expected to register the highest growth during the forecast period due to increasing healthcare expenditures and improving regulatory scenario. Improving regulatory scenario has lowered the entry barriers in Asian countries that has increased the number of companies in such developing countries thereby, proving beneficial for the industry growth.
The players in the eHealth market include Allscripts (US), athenahealth (US), Epic Systems (US), IBM (US), GE Healthcare (US), Cerner (US), Optum (US), Philips Healthcare (Netherlands), Siemens Healthineers (Germany), McKesson (US), Medtronic (Ireland), and Cisco Systems (US).
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This study involved the extensive use of both primary and secondary sources. The research process included a study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Mr. Aashish Mehra
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