How Has the eHealth Market Evolved Historically and What is its Current Size?
The ehealth market has seen considerable growth due to a variety of factors.
• In recent times, the size of the eHealth market has seen a rapid expansion. The market is set for further growth, expected to rise from $143.97 billion in 2024 to $176.74 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 22.8%.
The escalation during the previous period can be linked to the surge in internet accessibility, an increase in smartphone utilisation, skyrocketing healthcare expenses, governmental schemes, and the requirement for distant supervision.
What Is The Projected Growth Of The eHealth Template Market?
The ehealth market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions suggest that there will be a dramatic surge in the size of the eHealth market in the coming years. It is projected to reach $397.81 billion in 2029, with a compound annual growth rate (CAGR) of 22.5%.
This impressive expansion anticipated throughout the forecast period can be linked to a rise in chronic illnesses, an aging population, a shift towards personalized healthcare, an increase in remote patient monitoring, and the integration of AI in diagnostics. Future trends to note within this period are the enhancement of telemedicine infrastructure, the innovation in AI-fueled diagnostics, advancements in digital health record systems, the expansion of intelligent medical devices, and improved cybersecurity measures in the eHealth domain.
What Are The Key Drivers Fueling Growth In The eHealth Market?
The accelerated uptake of telehealth is anticipated to fuel the expansion of the eHealth market in the future. Telehealth is the implementation of digital communication technologies to offer remote health services such as consultations, monitoring, and medical education. The increasing usage of telehealth can be attributed to factors such as accessibility, convenience, cost-efficiency, and technology advancements. The scope of telehealth is broadened by eHealth through features like remote patient monitoring, virtual consultations, and easy access to digital health records for improved healthcare provision. For instance, a US health tech company, Rock Health, executed a survey in February 2023 wherein it was recorded that out of 8,014 participants, 76% of individuals aged over 55 had utilized telemedicine. Moreover, 80% of all those surveyed admitted to accessing care through telemedicine at least once in their lifetime, showcasing an increase of 8% from the previous 72% in 2021. Therefore, it could be inferred that the increased uptake of telehealth acts as a catalyst to the growth of the eHealth market.
What Are The Principal Market Segments In The Global eHealth Industry?
The ehealth market covered in this report is segmented –
1) By Type: eHealth Solutions, eHealth Services
2) By Component: Electronic Health Records, e-Prescribing, Clinical Decision Support Systems, Telemedicine, Other Components
3) By Deployment: On-premise, Cloud-based
4) By End User: Healthcare Providers, Payers, Healthcare Consumers, Other End-Users
Subsegments:
1) By eHealth Solutions: Electronic Health Records (EHR), Telemedicine And Telehealth Solutions, Health Information Systems (HIS), Mobile Health Applications (mHealth), Remote Monitoring Solutions
2) By eHealth Services: Telemedicine Services, eConsultation And Virtual Care, Health Data Analytics Services, Health IT Support Services, eHealth Consulting Services
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What Emerging Trends Are Influencing The Growth Of The eHealth Market?
Top eHealth market players are channeling their resources towards creating ground-breaking products like Electronic Medical Records (EMR) systems. These systems aim to revolutionize patient data handling, increase the efficacy of healthcare, and simplify clinical procedures. The Electronic Medical Records (EMR) system is a digital platform used within a healthcare establishment for the storage, management, and retrieval of a patient's medical history, diagnosis, treatment, and other health-related details. For example, in April 2024, eHealth Solutions Ltd, a healthcare IT firm originating from the UK, launched EMRpro. This unique EMR system, built especially for private healthcare practices, strives to reshuffle the norms of clinical efficiency and patient care. Unlike its conventional counterparts, EMRpro uses clinical functionality as its priority above administrative work. EMRpro, with its state-of-the-art cloud-based architecture, is aiming to establish a new standard in healthcare technology.
Who Are the Key Players In The eHealth Market?
Major companies operating in the ehealth market are:
• UnitedHealth Group Incorporated
• CVS Health Corporation
• International Business Machines Corporation (IBM)
• Cisco Systems Inc.
• Medtronic plc
• Siemens Healthineers AG
• Koninklijke Philips N.V.
• GE HealthCare Technologies Inc.
• Epic Systems Corporation
• Teladoc Health Inc.
• Veradigm LLC
• athenahealth Inc.
• CompuGroup Medical SE & Co. KGaA
• Hims & Hers Health Inc.
• American Well Corporation
• Epocrates LLC
• eHealth Technologies Inc.
• Medisafe Ltd.
• Oracle Health
• iCliniq.
What Are The Regional Insights Into The eHealth Market?
North America was the largest region in the eHealth market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ehealth market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
