E-Health Market - 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 2027

ID: VPR/HC/1005 Publishing Year: September 2021 Pages: 147 Format:   


E-Health Market Overview:

The E-Health Market is projected to grow from USD 150 billion in 2020 to reach USD 290 billion by 2027; it is expected to grow at a CAGR of 9.8% from 2020 to 2027.

Almost every country is grappling with the crisis. Most markets are declining as a result of the COVID-19 epidemic, which has had a negative impact on a variety of healthcare-related industries. This pandemic is projected to provide future growth prospects for the E-health sector. Cerner Corporation, GE Healthcare, and All scripts are among the leading suppliers in the e-health sector. These suppliers have manufacturing sites distributed across North America, Asia-Pacific, Europe, South America, and the rest of the world. COVID-19 has also had an influence on their enterprises. For example, GE Healthcare and Microsoft expanded their long-standing partnership in April 2020 to introduce a cloud-based COVID-19 patient monitoring software for health systems, which will help the E-Health Market sector grow even faster. In addition, e-health providers have taken on the duty of giving a global overview of the COVID-19 e-health solutions. On the internet, solution suppliers, consultants advising the healthcare system, and healthcare professionals have been urged to submit COVID-19 solutions.

Increased government initiatives promoting the use of e-health solutions and, a surge in the requirement to manage regulatory compliance through the use of e-health solutions, and a shortage of healthcare professionals are all driving the Global E-Health Industry forward. However, medical professionals' reluctance to adopt advanced e-health solutions, as well as the high cost of deployment and maintenance, are impeding market growth. In contrast, the expansion of the mHealth, telehealth, and remote patient monitoring markets, as well as the increased use of e-health solutions in outpatient care facilities, are likely to present lucrative growth possibilities for the industry.

Key Players:

IBM Corporation (U.S), Allscripts Healthcare Solutions Inc. (U.S), GE Healthcare (U.S), McKinsey & Co. (U.S), Motion Computing Inc. (U.S), Epocrates Inc. (U.S), Telecare Corp. (U.S), Proteus Digital Health (U.S) Apple (U.S), GE Healthcare (U.S), Boston Scientific Corp (U.S), Cerner (U.S)

Covid-19 Impact:

The E-Health Market, Manufacturers, Contract Manufacturers, Suppliers, and Recovery Strategy are all affected by the COVID-19 outbreak. A lengthy chapter of 50-70 pages that offers facts and information about the pandemic's effects on the Global Ehealth Market. It also shows the industry's estimated recovery schedule, losses, and other significant aspects.

Drivers:

The investment optimism is tempered by concerns about the ongoing lack of awareness of available among patients and customers, which is one of the most significant barriers to the widespread adoption of Health and devices. Consumers cite a lack of digital awareness among older patients as the second most significant barrier.

Insurance companies, who use data collection to urge consumers to adopt healthier lifestyles and subscribe to preventive healthcare packages, are a powerful force pushing for these new technologies. Individuals will not be covered by insurance unless they participate in preventative healthcare, which might be a powerful tool for behaviour change. The E-Health Market is still in its infancy, but with the rise in digital awareness and the convenience it provides to users, the E-Health and Digital Healthcare Markets will grow.

Video visits, wearables, and mobile devices are all becoming more common in the healthcare system. Telemedicine is now used by 70.5 percent of the population. Ehealthis still in its infancy; in some ways, it is still the "Wild West," with more than 2,50,000 health apps in use by patients throughout the world.

Market Segmentation:

Electronic Health Records (EHR), ePrescribing, Telemedicine, big data systems, Clinical Decision Support System (CDSS), Consumer health IT, and Knowledge Management System are among the types of e-health technologies that have been segmented in the E-Health Market. The market is divided into administrative, clinical, and financial, with hospitals, clinics, health insurance companies, and others as end users.

Regional Analysis:

The E-Health Market Report covers the United States, Canada, and Mexico in North America, Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and the Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, and the Philippines in Asia-Pacific (APAC), Saudi Arabia, the United Arab Emirates, and South Africa in Africa.

Due to increased investments and regulatory mandates favouring the implementation of eHealth solutions, the presence of large healthcare IT companies, and rising utilisation of remote patient monitoring solutions and for the management of prevalent chronic diseases and lifestyle disorders, North America dominates the E-Health Market, while Asia-Pacific is expected to grow at the fastest rate.

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