Global eHealth Market, By Offering (Solutions and Services), Deployment (Cloud and On-Premises), Enterprise Size (Large Enterprises and Small and Medium Enterprises), Functionality (Content Management System, Group Messaging, Dashboard, Video Sessions, Social Support, and Others), Technology (Internet of Things (IoT), Chatbots, Artificial Intelligence, Block Chain and Big Data, and Others), End User (Healthcare Providers, Payers, Healthcare Consumers, Pharmacies, and Others) industry trends and forecast to 2029.
eHealth Market Analysis and Insights
Global eHealth market is driven by factors such as the increased prevalence of chronic diseases, increased technological advancements in eHealth, increased demand for telehealth, and government initiatives supporting eHealth solutions and services. Healthcare expenditure has increased across developed and emerging countries, which is expected to create a competitive advantage for manufacturers to develop new and innovative eHealth products.
The global eHealth market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. Contact us for an analyst brief to understand the analysis and the market scenario. Our team will help you create a revenue-impact solution to achieve your desired goal. The scalability and business expansion of the retail units in the developing countries of various regions and partnership with suppliers for safe distribution of machine and drugs products are the major drivers propelling the market demand in the forecast period.
Global eHealth market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that the global eHealth market will grow at a CAGR of 24.7% from 2022 to 2029.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Offering (Solutions and Services), Deployment (Cloud and On-Premises), Enterprise Size (Large Enterprises and Small and Medium Enterprises), Functionality (Content Management System, Group Messaging, Dashboard, Video Sessions, Social Support, and Others), Technology (Internet of Things (IoT), Chatbots, Artificial Intelligence, Block Chain and Big Data, and Others), End User (Healthcare Providers, Payers, Healthcare Consumers, Pharmacies, and Others).
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Countries Covered
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(U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Vietnam, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, and Rest of Middle East and Africa).
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Market Players Covered
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Allscripts Healthcare, LLC, IBM Corporation, Athena health, Epic Systems Corporation, Koninklijke Philips N.V., Siemens Healthcare GmbH, Apple Inc., eHealth Technologies, Lifen, SATmed, Kazaam INC., Teladoc Health, Inc., Doximity, Inc., Implantica, Medisafe, iHealth Labs Inc, Medtronic, Boston Scientific Corporation, General Electric Company, Cantata Health Solutions, BioTelemetry, a Philips Company, McKesson Corporation, Oracle, Cisco Systems and Optum Inc. among others.
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MARKET DEFINITION
A relatively new kind of healthcare delivery assisted by electronic procedures and communication is called eHealth (sometimes spelled eHealth). The word is used in various ways because it encompasses "nearly anything linked to computers and medicine," not just "Internet medicine" as it was originally defined at the time. Some contend that it can be used interchangeably with the term "health informatics," which they define as including all electronic and digital health processes. In contrast, others define it more specifically as Internet-based healthcare. It can also comprise mHealth, or m-Health, links and applications on mobile devices.
Global eHealth Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Increasing prevalence of chronic diseases
With the rising economic growth, people are more interested in long-term health and wellness. Diabetes patients need devices to monitor their sugar levels, check pregnancy, increase the demand for pregnancy strips, and monitor blood pressure. There is a growing demand for devices such as blood glucose monitors, sphygmomanometers, and others. Home healthcare management service helps manage chronic diseases such as diabetes, heart failure or chronic obstructive pulmonary disease (COPD), and cancer. Its service includes nursing service, hospice service, and medication dispensing.
Different types of chronic diseases, including cancer and cardiovascular disease, are increasing globally. Below are some of the chronic diseases which are increasing, due to which the demand for home healthcare service has increased as it will provide day-to-day treatment to those suffering from chronic diseases. As a result of the sedentary lifestyle of people, the prevalence of lifestyle-associated disorders such as hypertension and diabetes shows the rise nowadays. Thus, the rising prevalence of chronic diseases with the growing integration of healthcare data with portable devices is expected to demand proper health management, leading to the anticipated increasing demand for e-health services in the global eHealth market in the forecast period.
- Rise in the technological advancements in eHealth
Devices based on new technologies such as big data, analytics, and cloud-based services help store patients' data. This data is accessible to patients and doctors, where the patient can check his treatment history from anywhere and at any time. Mobile App facilitates the relationship between doctors and patients. A patient can check for the doctor's medical status and access the doctor's information at any time. Moreover, increasing technological advancements in eHealth devices with advanced features have resulted in proper management for patients and doctors, which is anticipated to boost the global eHealth market growth.
Visiting a hospital and further undergoing treatment is quite an expensive procedure. To avoid repeated visits to hospitals, the company manufactures devices with advanced technology, which helps in improving the quality of life of patients, thus boosting the growth of the global eHealth market.
Opportunity
- Rise in the use of eHealth solutions in outpatient care facilities
Most healthcare organizations are concentrating on introducing specialized services due to the increasing pressure on health systems to reduce the cost of care. The usage of eHealth solutions is increasing due to the transition to an outpatient care paradigm since these solutions offer a convenient healthcare method. These solutions also assist doctors in attending to patients' requirements and provide remote patient health monitoring. Due to the advantages of eHealth technologies, numerous federal bodies are encouraging their use in outpatient care settings. Federal bodies take many initiatives to promote eHealth in patient care facilities.
With improvements in information technology, information science, medicine, and biotechnology, eHealth/telehealth will continue to develop. The next generation of healthcare professionals and patients will be far more accustomed to using cutting-edge tools, services, and applications. Additionally, there is a growing understanding that eHealth offers healthcare providers the chance to enhance health systems and switch them from the "diagnose and treat" to the "predict and prevent" models.
Thus, eHealth solutions initiatives are rising, increasing their use in outpatient care, and are expected to act as an opportunity for the global eHealth market.
Restraints/Challenges
- Lack of skilled professionals to handle eHealth technology
One of the most rapidly developing fields in eHealth technology involves developing and using various technological-based applications such as AI (artificial intelligence). The advancement of technology has made it possible to reach the level of healthcare-providing facilities from conventional healthcare methods. The advancement of healthcare technology requires various skill sets for its handling. As technology-based healthcare is highly automated and has costly software, improperly handling such systems can damage them and hamper achieving accurate and perfect data. The shortage of skilled professionals with adequate skills and knowledge to handle such highly innovative technology-based software hampers the market's growth.
The professionals lacking any of the skills mentioned above are unsuitable for performing any eHealth-based activities as the results are of keen importance. The need for skilled healthcare professionals has increased. Thus, the lack of skilled professionals to handle eHealth technology may challenge the market's growth.
Post-COVID-19 Impact on the Global eHealth Market
Previously, routine care, emergency care, crisis care, and other types of care made use of remote care and telehealth services. Their use in a more widespread capacity has picked up speed as the COVID-19 pandemic has progressed. Telehealth services are now being used in the large-scale screening of patients prior to their visit and triage assessment, routine monitoring of patients at home, remote clinical encounters, or supervising patient care by off-site experts. Telehealth services are also being used to screen patients at home in the United Kingdom. It is likely that a significant portion of such services will continue to be based on telehealth after COVID-19, for example, the remote monitoring and management of a more significant number of patients. This is because telehealth offers greater convenience and better patient-centered care, which helps to partially address the challenges of the flow rate and capacity within the healthcare system.
Recent Development
- In September 2022, GE Healthcare (part of General Electric Company) collaborated with seven startups named Alertive (UK), xWave (UK), Idoven (Spain), Nurea (France), Metalynx (UK), Clinithink (UK), and KOSA AI (Netherlands) to accelerate and drive the digital healthcare transformation in partnership with innovation organization named Wayra UK. This collaboration will help GE Healthcare increase its audience reach and transform the digital healthcare system.
Global eHealth Market Segmentation
Global eHealth market is categorized into six notable segments based on offering, deployment, enterprise size, functionality, technology, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Offering
- Solutions
- Services
On the basis of offering, global eHealth market is further segmented into solutions and services.
Deployment
- Cloud
- On-Premises
On the basis of deployment, the global eHealth market is segmented into cloud and on-premises.
Enterprise Size
- Large enterprise
- Small and medium enterprise
On the basis of enterprise size, the global eHealth market is segmented into large enterprise and small and medium enterprise.
Functionality
- Content messaging system (CMS)
- Group messaging
- Dashboard
- Video sessions
- Social support
- Others
On the basis of functionality, the global eHealth market is segmented into content messaging system (CMS), group messaging, dashboard, video sessions, social support, and others.
Technology
- Chatbots
- Artificial intelligence
- Internet Of Things (IOT)
- Blockchain and big data
- Other
On the basis of technology, the global eHealth market is segmented into internet of things, chatbots, artificial intelligence, internet of things (IOT), blockchain and big data, and other.
End User
- Healthcare providers
- Payers
- Healthcare consumers
- Pharmacies
- Others
On the basis of end user, the global eHealth market is segmented into healthcare providers, payers, healthcare consumers, pharmacies, and others.
EHealth Market Regional Analysis/Insights
The global eHealth market is analyzed, and market size insights and trends are provided by offering, deployment, enterprise size, functionality, technology, and end user, as referenced above.
The countries covered in the eHealth report U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Vietnam, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, and rest of Middle East and Africa.
North America dominates the global eHealth market. With significant healthcare spending, the country's broad base of the eHealth industry is set to drive market growth for various devices and equipment used for telehealth, including remote monitoring. To avoid repeated visits to hospitals, the company manufactures devices with advanced technology, which helps in improving the quality of life of patients, thus boosting the growth of the North America eHealth market. The U.S. dominates the North America region due to the country's exponential use of remote monitoring, telehealth, and consultancy services. Germany dominates the Europe eHealth market due to increasing technology and reliability of healthcare services, which are also delivering infotainment services. China dominates the Asia-Pacific eHealth market. The demand in this region is projected to be driven by the rise in chronic diseases with the growing integration of healthcare data with portable devices.
The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points such as downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to significant or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and eHealth Market Share Analysis
Global eHealth market competitive landscape provides details of the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on eHealth market.
Some players in the market are Allscripts Healthcare, LLC, IBM Corporation, Athena health, Epic Systems Corporation, Koninklijke Philips N.V., Siemens Healthcare GmbH, Apple Inc., eHealth Technologies, Lifen, SATmed, Kazaam INC., Teladoc Health, Inc., Doximity, Inc., Implantica, Medisafe, iHealth Labs Inc, Medtronic, Boston Scientific Corporation, General Electric Company, Cantata Health Solutions, BioTelemetry, a Philips Company, McKesson Corporation, Oracle, Cisco Systems and Optum Inc.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and fundamental trend analysis are the major success factors in the market report. The fundamental research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs. Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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