E-Health Market Outlook 2031:
The global e-health market size was valued at USD 104.80 Billion in 2022 and is projected to reach USD 665.50 Billion by 2031, expanding at a CAGR of 22.8% during the forecast period 2023 - 2031. The growth of the market is attributed to the growing digitization of the products and services, increasing healthcare spending, government support & initiatives, and growing demand for patient centric delivery.
E-health is the using of advanced and innovative technologies for various communication and information in the healthcare sector. It is about providing the healthcare services with the help of various communication technologies and modern electronic information. The patients and healthcare providers does not come in contact with each other and contact with the help of electronic means.
There are various types of services available under e-health such as vital signs monitoring, teleconsultations, telepathology, diagnosis, treatments, and electronic prescribing. E-health offers various benefits that include lower administration burden, time saving, and insight into own health. It also prevents the use of manual data records & allows timely access of the patient data to healthcare sector.
E-Health Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for advanced healthcare facilities is anticipated to spur the e-health market growth in the coming years.
- Rapid growth of the healthcare industry is major factors propelling the e-health market expansion.
- Security concern related to license, privacy, and data breaches acts as major challenge that can hinder the e-health market growth.
- Unwillingness to adopt e-health solutions among healthcare professionals is estimated to impede the e-health market expansion during forecast period.
- R&D investment and technological advancement in e-healthcare market is expected to offer immense opportunities for the market players.
Scope of E-Health Market Report
The report on the global e-health market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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E-Health Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 – 2021
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Forecast Period
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2023 – 2032
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Segmentation
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Components (E-prescribing, Telemedicine, Electronic Health Records, Clinical Decision Support Systems, and Others), Types of Services (Diagnosis Service, Monitoring Service, and Others), End-users (Insurance Companies, Hospitals, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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GE Healthcare; Infor, Inc.; Cerner Corp.; McKesson Corp.; Allscripts Healthcare Solutions, Inc.; CompuMed Inc.; Athenahealth Inc.; and Boston Scientific Corp.
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E-Health Market Segment Insights:
Electronic health records segment is projected to account for a large market share
Based on c omponents, the global e-health market share is divided into e-prescribing, telemedicine, electronic health records, clinical decision support systems, and others. The electronic health records segment is expected to constitute a key share of the market during the forecast period owing to rowing adoption of digital services, rising acquisition rates, and transition of healthcare to cloud.
However, the telemedicine segment is anticipated to expand at a rapid pace during the forecast period due to rising utilization and increasing demand for data services.
Monitoring segment is projected to hold a key market share
On the basis of types of services, the e-health market share is segmented into Diagnosis Service, Monitoring Service, and Others. The monitoring segment is expected to represent a key share of the market in the coming years due to rising command on the self monitoring devices which help to monitor the important signs and physical activities that develops database. The growing lifestyle disorders, rising prevalence of chronic diseases, and importance of rehabilitation & home healthcare is anticipated to fuel the market.
Hospitals segment is projected to constitute a major market share
In terms of end-users, the global e-health market share is segregated into insurance companies, hospitals, and others. The hospitals segment is expected to account for a key share of the market during the forecast period owing to improvement in the healthcare infrastructure in various regions and the growing need for cost reduction in the healthcare sector.
However, the insurance companies segment is anticipated to expand at a rapid pace during the forecast period due to rising disposable income of the people and increasing accidents and awareness among the people.
North America is expected to dominate the market
On the basis of regions, the global e-health market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to accessibility of the infrastructures and digitally maintained people.
On the other hand, the market of Europe is expected to exhibit a rapid growth rate in the coming years due to rising demand for advanced technologies and growing demand for effective management in the healthcare sector.
Segments
The global e-health market has been segmented on the basis of
Components
- E-prescribing
- Telemedicine
- Electronic Health Records
- Clinical Decision Support Systems
- Others
Types of Services
- Diagnosis Service
- Monitoring Service
- Others
End-users
- Insurance Companies
- Hospitals
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- GE Healthcare
- Infor, Inc.
- Cerner Corp.
- McKesson Corp.
- Allscripts Healthcare Solutions, Inc.
- CompuMed Inc.
- Athenahealth Inc.
- Boston Scientific Corp.
Competitive Landscape
Key players competing in the global e-health market include GE Healthcare; Infor, Inc.; Cerner Corp.; McKesson Corp.; Allscripts Healthcare Solutions, Inc.; CompuMed Inc.; Athenahealth Inc.; and Boston Scientific Corp. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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