eHealth Market to display unparalleled growth over 2021-2027 | GE Healthcare, Allscripts, Cerner Corporation, Philips

The global eHealth market is forecasted to be worth USD 314.55 Billion by 2027, according to a current analysis by Emergen Research. The market is witnessing increased demand in the past years, owing to the surge in the prevalence of smartphones and the emergence of advanced technologies in the medical sector. Digital health has emerged as a triumphant venture, attracting several organizations and industries from outside the healthcare domain.

The desire to lower healthcare costs, rising government initiatives to promote eHealth, a growth in the prevalence of chronic diseases, and a trend toward patient-centric healthcare delivery will all contribute to the demand for eHealth. Thanks to technology, both developed and developing nations can provide healthcare at a fair price. Demand for eHealth goods will rise as sedentary lifestyles and the incidence of diseases like diabetes and hypertension become more widely known. Poor communication between patients and doctors is one of the main reasons for medical errors. These issues are addressed through eHealth apps. The devices include point-of-care technologies that improve patient outcomes through improved clinical judgement, effective communication, and point-of-care technology.

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It is projected that this market will increase significantly as a result of rising public knowledge of eHealth and rising levels of acceptance among healthcare professionals, together with evidence of the effectiveness of adopting this technology. However, throughout the projected period, it is anticipated that growing security concerns and increased demand for safe infrastructure of data privacy will restrain the expansion of these services. Additionally, it is anticipated that the high cost of health IT tools combined with the lack of supporting infrastructure in developing countries will impede the expansion of this sector.

Key Highlights From The Report

Electronic health records are real-time, patient-centric records that make use of the available information instantly and securely to authorized users. EHR contains medical histories of patients and is inclusive of a broader view of a patient’s care.
Remote monitoring services is a telemedicine service increasingly being used for constant monitoring of patient’s condition and performance of control and preventive check-ups outside medical organizations. This type of care is made possible by the application of a mobile device that measures vital signs.
Hospitals held the largest share in the eHealth market. This is due to the increasing investment in the healthcare system and the growing prevalence of chronic and infectious diseases.

Key participants include GE Healthcare, Allscripts, Cerner Corporation, Philips, IBM Corporation, Mckesson, Medtronic, Inc., Epic Systems, Cisco Systems, and Optum, among others.

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What is the aim of the report?

Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.

An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.

The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.

The various parameters accelerating the growth of Market are incorporated in the research report.

The report analyses growth rate, market size and valuation of the Market during the forecast period.

For the purpose of this report, Emergen Research has segmented into the global eHealth Market on the basis of product and services, end-user, and region:

Product and Services Outlook (Revenue, USD Billion; 2017-2027)
- eHealth Solutions
  1. Electronic Health Records/Electronic Medical Records Solutions
  2. Picture Archiving and Communication Systems & Vendor Neutral Archive Systems (PACS & VNAS)
  3. Pharmacy Information Systems
  4. Medical Apps
  5. Laboratory Information Systems (LIS)
  6. Personal Health Record & Patient Portals
  7. Chronic Care Management Apps
  8. Clinical Decision Support Systems
  9. Telehealth Solutions
  10. Healthcare Information Exchange (HIE)
  11. Radiology Information Systems (RIS)
  12. E-Prescribing Solutions
  13. Cardiovascular Information Systems
  14. Other Specialty Information Management Systems
- eHealth Services
  1. Remote Monitoring Services
  2. Diagnosis & Consultation Services
  3. Database Management Services
  4. Treatment Services
  5. Healthcare System Strengthening Services
- End-User Outlook (Revenue, USD Billion; 2017-2027)
  - Pharmacies
  - Healthcare Payers
  - Healthcare Consumers
  - Healthcare Providers
    1. Hospitals
    2. Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
    3. Ambulatory Care Centers
  - Others End Users

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Geographical distribution of the includes analysis of the ehealth market leading players present in the key regions of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report offers valuable insights into the market size, share, growth rate, production and consumption rate, supply and demand ratio, import/export, revenue contribution, and strategies adopted by the prominent companies located in each region. Overall, the report offers deep insights into the current and emerging trends of the ehealth market, along with the projected growth rate over the forecast timeline.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

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