The eHealth industry is growing rapidly and is expected to continue growing in the foreseeable future. According to a recent study, 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. This growth is driven by the increasing adoption of digital health solutions, such as telemedicine, health information systems, health analytics and other digital health services, the rising demand for healthcare services, and the increasing prevalence of chronic diseases. Additionally, the increasing need for cost-effective healthcare solutions, the growing importance of patient engagement, and the increasing use of mobile and connected health solutions are also expected to contribute to the growth of the eHealth industry.
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eHealth Solutions Segments
- Telehealth: This segment includes technology-enabled remote healthcare services, such as video and audio consultations, remote patient monitoring, and health information exchange.
- Health IT: This segment includes the development, implementation, and maintenance of health information systems, such as electronic health records, clinical decision support systems, and computerized physician order entry systems.
- Wearable Technologies: This segment includes devices and applications that allow for the monitoring of vital signs and other health data, as well as the delivery of personalized health and wellness information.
- mHealth: This segment includes mobile applications and solutions for healthcare, such as telemedicine, disease management, and health information exchange.
- Online Pharmacy: This segment includes online pharmacies that offer prescription and over-the-counter medications, along with other health-related services and products.
- Clinical Decision Support Systems: This segment includes software solutions that help clinicians make better decisions, such as computer-aided diagnosis and decision support systems.
- Population Health Management: This segment includes software solutions and services that help healthcare organizations to manage population health through data collection, analytics, and reporting.
eHealth Industry Future Trends
- Artificial Intelligence (AI) Technologies: AI technologies such as machine learning, deep learning, natural language processing, and computer vision will continue to be used to enhance healthcare delivery, develop diagnostics, and improve patient care.
- Wearable Devices and Mobile Health: Wearable health tracking devices will become more sophisticated and accurate. They will provide more personalized data to help people make better health decisions.
- Virtual Reality and Augmented Reality: Virtual reality and augmented reality will be used to provide more immersive and personalized experiences for patients. These technologies will also be used for training healthcare professionals.
- Blockchain: Blockchain technology will be used to store and secure patient data, as well as facilitate secure payments.
- Voice-enabled Technologies and Chatbots: Voice-enabled technologies and chatbots will be used to answer patient inquiries, book appointments, and provide virtual care.
Some of the prominent key players are:
- 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 many more…….
Top Growing Segments in the IndustryBy-eHealth solutions, the EMR/EHR is expected to dominate the eHealth market in 2020
- Based on eHealth solutions, the eHealth market has been segmented into 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, Other Specialty Information Systems. Within eHealth solutions market, EMR/EHR accounted for the largest share in 2020.
By end-user, a healthcare consumers segment is expected to grow at the highest CAGR in the eHealth market during the forecast period
- Based on end user, the eHealth market has been segmented into Healthcare Providers, Healthcare Payers, Healthcare consumers, Pharmacies, and Others. The healthcare consumer segment is estimated to have enormous growth.
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North America holds the largest share in the market in 2020, followed by EuropeNorth America dominates the overall market based on region. This can be attributed to the rising geriatric population. Elderly population has comparatively weaker immunity and, therefore, is more susceptible to infections and other diseases. Furthermore, the regulatory scenario is quite stringent in the region that ensures the availability of defect-free eHealth solutions in the market that proves beneficial for market growth.
