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E-Health Market
By Deployment Model (Cloud Based, On-Premise),
By Application (Electronics Health Records, Vendor Natural Archive And Picture Archiving & Communications Systems, Laboratory Information Systems, Telehealth, Medical And Pharma Application, Clinical Decision Support Systems, Pharmacy Information Systems, Pharmacy Information Systems, Others),
By End Use (Hospitals, Ambulatory Care Centers, Nursing Homes And Other Healthcare Agencies, Healthcare Consumers, Pharmacies, Others),
By Function (Administrative And Operations, Diagnostics, Monitoring, Financial Management ),
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa):
Global Analysis and Forecast 2022-2032.
The global E-health market to be worth more than USD 1,289.3 billion by 2032.
The growth of the global e-health market is the rising need for using e-health plans to manage regulatory compliance, the lack of healthcare professionals, and growing government support for using e-health arrangements and services. Numerous government agencies are putting regulations into place and taking decisive actions, such as providing funding, to facilitate the adoption of digital healthcare technologies. For instance, the EU announced a funding commitment of $10.3 billion (EUR 9.2 billion) for the period 2021–2027 to establish the Digital Europe program, which aims to create a regulatory environment that will make it easier for businesses, including those in the healthcare industry, to adopt digital solutions.
To relaunch updated products in the market expands their customer base, and capture a larger share of the market, the top companies in the eHealth sector are actively engaged in a variety of product development activities, including new products, extensive product research, inventions, and advancements in product processes. For instance, In May 2021, Lytus entered into long-term privileged supply arrangements with prominent international suppliers of telemedicine technology and remote patient management solutions in order to assist the American and Indian markets. Utilizing medical tools, video capabilities, and data-collecting strategies, Lytus will incorporate digital communication technologies within the Lytus Telemedicine platform.
According to the CXOs and primary research conducted, the globally increasing use of smartphones and tablets, particularly in developing nations, is anticipated to accelerate the uptake of digital health platforms. In the United States, 72% of people have smartphone access, compared to 59% of Chinese people and 45% of Indians, as per Pew Research Center data from 2016. According to an estimate made in 2017 by the Internet and Mobile Association of India, there will be 450–465 million active social media users in India by 2020. This is a significant market development since a higher smartphone adoption rate may directly impact the mHealth platform. Thus, There would be more possibility for various health, fitness, and appointment-based apps if more mobile and internet users existed.
The E-health market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In line with the analyzed region, the North American region will witness the highest market share, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. Due to the expanding adoption of government initiatives, North America dominates the global digital health market. Additionally, efforts to improve the efficiency of the healthcare delivery system and an increase in the prevalence of chronic diseases are fueling market expansion in this region. The major companies operating within the market are Allscripts Healthcare, LLC, Athena Health, BioTelemetry, Cisco Systems, General Electric Company, IBM Corporation, Health Labs Inc, Implantica, and Medisafe.
