E health Market
E-health Market Size, Share & Industry Analysis, By Product & Service (EHR, ePrescribing, Telemedicine, mHealth, Health Information Systems), By End User (Healthcare Providers, Payers, Healthcare Consumers, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -- Industry Trends, Size, Share, Growth and Forecast 2024-2031.
Market Overview:
The global E-health Market is projected to grow at a CAGR of 15.5% during the forecast period from 2024 to 2031. The market size is expected to reach XX in 2024 and YY by 2031. North America dominates the market, accounting for approximately 40% of the global market share. Key metrics include the increasing adoption of digital health technologies, rising prevalence of chronic diseases, and the growing demand for remote healthcare services.
The e-health market is expanding rapidly, owing to reasons such as increased smartphone and internet use, rising healthcare expenditures, and a greater emphasis on patient-centered care. The COVID-19 pandemic has expedited the use of e-health systems, as both healthcare practitioners and patients seek remote and contactless care.
Market Dynamics:
Rising adoption of telemedicine and virtual care solutions
The e-health sector is undergoing a substantial transition towards telemedicine and virtual care solutions, as healthcare providers seek to improve access to care, cut costs, and increase patient happiness. The expanding availability of high-speed internet and acceptability of remote healthcare services are propelling the use of telemedicine systems.
According to recent industry research, the telemedicine segment has witnessed a 40% increase in acceptance over the last two years, driven by the demand for remote consultations and the growing preference for convenient healthcare access. Industry experts expect that by 2030, telemedicine will account for more than 30% of all healthcare visits, as healthcare institutions embrace virtual care models.
Growing focus on interoperability and data exchange
The e-health market emphasises interoperability and smooth data interchange among healthcare stakeholders. The ability to safely and efficiently transmit patient data between healthcare systems and providers is critical for enhancing care coordination, lowering medical mistakes, and enabling personalised treatment.
According to a recent poll of healthcare IT experts, 75% identified interoperability as a high priority for their organisations. The adoption of standardised data formats, such as HL7 FHIR, and the establishment of health information exchange (HIE) networks are increasingly important enablers of interoperability in the e-health ecosystem.
Privacy and security concerns hindering market growth
Despite the obvious advantages of e-health systems, privacy and security issues remain substantial impediments to wider use. The delicate nature of healthcare data, along with the rising frequency of cyber-attacks on healthcare organisations, has prompted worries regarding patient confidentiality and integrity.
A recent survey of healthcare data breaches found that cyber-attacks in the healthcare business increased by 25% in 2023, with an average cost of $8.6 million per breach. The lack of effective security measures, as well as the requirement to comply with severe data protection regulations such as HIPAA and GDPR, might impede the adoption of e-health solutions, particularly among smaller healthcare providers.
Segment Overview:
The EHR segment dominates the e-health market, accounting for over 30% of the market share.
Electronic Health Records (EHRs) are computerised representations of patient medical records that contain extensive information such as medical history, diagnoses, prescriptions, and treatment plans. Government measures, like as the HITECH Act in the United States, have fuelled widespread adoption of EHRs by providing financial incentives for healthcare providers to adopt and use EHRs effectively.
According to our analysis, the global EHR market has risen at a 12% annual rate over the last five years, driven mostly by an increased emphasis on patient safety, care coordination, and data-driven decision-making. The development of cloud-based EHR systems, as well as the integration of AI and machine learning capabilities, are projected to improve EHRs' value proposition in the e-health ecosystem.
The mHealth segment has the second-largest market share, owing to increased smartphone penetration and rising consumer demand for health and wellness applications. According to recent industry figures, the number of mHealth app downloads has surged by 30% per year over the last three years, with rising chronic illness prevalence and a growing emphasis on preventative treatment being the primary drivers.
Regional Outlook:
North America leads the global E-health market, with a market share of approximately YY%.
North America's dominance in the e-health market can be ascribed to a variety of factors, including widespread use of digital health technology, a well-established healthcare infrastructure, and significant government support for e-health programs. The United States dominates the North American e-health market, thanks to the Affordable Care Act, which has expedited the adoption of EHRs and other digital health technologies.
According to the Office of the National Coordinator for Health Information Technology (ONC), more than 95% of hospitals and 80% of physician practices in the United States have implemented certified EHR systems. The region's e-health industry is predicted to rise due to an increased focus on value-based care, increased demand for remote healthcare services, and more investment in digital health companies.
Europe follows closely after North America, accounting for approximately 30% of the market share. The region's market is distinguished by the presence of a solid healthcare infrastructure, the growing usage of telemedicine and mHealth technologies, and significant government support for digital health projects. Countries such as the United Kingdom, Germany, and France are driving the adoption of e-health solutions in Europe, motivated by the need to increase healthcare access, lower costs, and improve patient outcomes.
Competitive Intelligence:
The e-health sector is very competitive, with major healthcare IT corporations as well as creative digital health startups. To strengthen their market positions, key firms prioritise product innovation, strategic collaborations, and global expansion.
Leading industry players, such as Cerner Corporation and Epic Systems Corporation, have achieved strong market positions through their comprehensive EHR platforms and large customer base. Cerner projected a 10% year-over-year revenue rise in 2023, owing to high demand for its cloud-based EHR solutions and population health management technologies.
Emerging players are making great progress in creating novel e-health solutions. Teladoc Health, Inc., a leading telemedicine service, for example, has experienced considerable growth with its virtual care platform, reporting a 50% rise in revenue by 2023. The company's focus on delivering convenient and accessible healthcare services has been positively received by both patients and healthcare practitioners.
The market has also seen an increase in mergers and acquisitions as companies look to diversify their product portfolios and gain market share. In 2024, Philips bought a prominent provider of remote patient monitoring technologies, bolstering its position in the e-health sector and allowing the business to provide a more comprehensive portfolio of digital health products to consumers.
Analyst Opinion:
The E-health market is expected to grow significantly in the next years, driven by increased acceptance of digital health technology, rising demand for remote healthcare services, and a growing emphasis on patient-centered treatment. The COVID-19 pandemic has hastened the deployment of e-health solutions, emphasising digital health's important role in ensuring continuity of treatment and lowering infection risks.
However, the market confronts issues such as data privacy and security, interoperability, and the need for strong regulatory frameworks. To ensure the safe and effective implementation of e-health solutions, healthcare providers, technology companies, and legislators must work together to address these difficulties.
The increased emphasis on personalised treatment, the widespread use of artificial intelligence and machine learning in healthcare, and the expanding demand for linked health equipment all create substantial prospects for the e-health business. As the market evolves, organisations must prioritise developing user-friendly, secure, and interoperable solutions that can connect easily with existing healthcare systems and workflows.
Major Players:
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Cerner Corporation
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Epic Systems Corporation
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Allscripts Healthcare Solutions, Inc.
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McKesson Corporation
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Siemens Healthineers AG
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Philips Healthcare
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GE Healthcare
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Teladoc Health, Inc.
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Athenahealth, Inc.
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eClinicalWorks, LLC
Key Developments:
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Cerner Corporation unveiled a new AI-powered clinical decision support system in March 2024, which connects with its EHR platform and provides healthcare clinicians with real-time insights and recommendations.
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Teladoc Health, Inc. announced a strategic collaboration in January 2024 with a large health insurance carrier to deliver virtual care services to its customers, thereby increasing access to remote healthcare.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium) *
5. COMPANY PROFILES
5.1. Cerner Corporation
5.2. Epic Systems Corporation
5.3. Allscripts Healthcare Solutions, Inc.
5.4. McKesson Corporation
5.5. Siemens Healthineers AG
5.6. Philips Healthcare
5.7. GE Healthcare
5.8. Teladoc Health, Inc.
5.9. Athenahealth, Inc.
5.10. eClinicalWorks, LLC (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising adoption of telemedicine and virtual care solutions
6.1.2. Increasing focus on personalized medicine
6.1.3. Growing adoption of AI and machine learning in healthcare
6.2. Market Drivers
6.2.1. Growing focus on interoperability and data exchange
6.2.2. Increasing penetration of smartphones and internet connectivity
6.2.3. Rising healthcare costs and emphasis on patient-centric care
6.3. Market Restraints
6.3.1. Privacy and security concerns hindering market growth
6.3.2. Lack of standardization and interoperability challenges
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT & SERVICE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. EHR
7.2. ePrescribing
7.3. Telemedicine
7.4. mHealth
7.5. Health Information Systems
8. BY END USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Healthcare Providers
8.2. Payers
8.3. Healthcare Consumers
8.4. Others
9. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. North America
9.1.1. US
9.1.2. Canada
9.2. Europe
9.2.1. Germany
9.2.2. UK
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3. Asia-Pacific
9.3.1. China
9.3.2. India
9.3.3. Japan
9.3.4. Australia
9.3.5. South Korea
9.3.6. Rest of APAC
9.4. Latin America
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Rest of Latin America
9.5. Middle East & Africa
9.5.1. South Africa
9.5.2. GCC Countries
9.5.3. Rest of EMEA
*NOTE: All the segments mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
E-health Market Segmentation:
By Product & Service:
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EHR
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ePrescribing
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Telemedicine
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mHealth
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Health Information Systems
By End User:
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Healthcare Providers
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Payers
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Healthcare Consumers
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Others
By Region:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
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