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 showcased a revenue of USD 210.9 billion in 2021 and is projected to witness a compounded annual growth rate (CAGR) of more than 17.89% over the forecast period of 2022-2032.
Russia-Ukraine War Impact
About the Market
Impact of COVID-19
Global Economic Slowdown
How is this report helpful
E-health refers to the process of delivering medical services electronically, particularly online. E-health, which relates to health services and information provided over the internet and related technologies, is a rapidly expanding field at the intersection of business, public health, and medical informatics. E-Health is the secure and cost-effective utilization of information and communication technologies (ICT) for advancing health and the associated sectors. It includes a variety of solutions, such as wearable technology, big data, telehealth, telemedicine, mobile health (mHealth), and even artificial intelligence. Rising government initiatives to utilize E-health products and services are also responsible for e-health market growth.
The rising government initiatives to encourage the use of eHealth, growth in the prevalence of chronic diseases, and a shift toward patient-centered healthcare will enhance the demand for eHealth. Because of technological advancements, healthcare may be affordably provided in both developed and developing nations. Demand for eHealth goods will rise as unhealthy lifestyles and the incidence of diseases, including diabetes and hypertension. Furthermore, the utility of current applications for patients with various chronic illnesses is still being determined. However, eHealth technology may support disease self-management (MCCs). The advantages of eHealth technologies are providing users with more knowledge about their health and can save much time.
In recent years, there has been a significant increase in the number of internet-based healthcare applications. With the internet, healthcare professionals may more easily and quickly connect patients. For instance, Lytus entered the telemedicine industry after acquiring a share in the US-based provider of health tech solutions Global Health Sciences, Inc. (GHSI), which runs an AI-driven telemedicine platform, Lytus entered the telemedicine industry. The GHSI platform only uses digital communication technologies, including medical monitoring devices, video capabilities, and data collection techniques. Several US states, including New Jersey, Illinois, Florida, and Texas, are currently using it.
Impact of Russia-Ukraine War on E-health Market
Economic sanctions against a number of countries, an increase in commodity prices, and supply chain disruptions brought on by the conflict between Russia and Ukraine affected several global markets. The pressure on Ukraine's front-line medical professionals is continuous due to Russia's attacks on its hospitals, clinics, maternity units, and other care facilities. Telemedicine has become an essential tool in this new crisis. As a result, many technology companies and healthcare organizations worldwide have stepped up to provide virtual care to Ukrainian soldiers, citizens, and refugees. Over the last two months, several telemedicine groups have emerged. For instance, a group of digital health experts established Health Tech Without Borders (HTWB) in response to the Ukrainian crisis. The Ukraine Telehealth Relief initiative was started by this autonomous, international, non-profit organization to offer free telehealth and remote consultations to Ukrainians.
E-health Market Scope
The e-health market is divided into four segments deployment model, application, end-use, function, and region. Furthermore, these segments are subdivided into respective categories and cross-referenced to North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa for regional analysis. The deployment model segment is further categorized into cloud-based and on-premise. The application segment is segregated into Electronics Health Records (HER), Vendor Natural Archive (VNA) And Picture Archiving & Communications Systems (PACS), Laboratory Information Systems (LIS), Telehealth, Medical and Pharma Applications, Clinical Decision Support Systems (CDSS), Pharmacy Information Systems, Pharmacy Information Systems, Others. The function segment of the e-health market is bifurcated into administrative and operation, diagnostic, monitoring, and financial management. Each segment is further classified into regions: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The historical dataset of 2017-2021 is provided in the report, whereas the forecast period of 2022-2032 is offered.
On-Premise will capture the highest market share within the camera type segment
Due to its lower risk of a data breach, the on-premise segment made up the most significant portion of the market. More sensitive data should ideally be stored on the premises for security purposes. For this circumstance, on-premise methods outperform cloud-based ones because companies are more in charge of preserving their data or are required to adhere to specific security compliances; some firms can use on-premise solutions.
The Medical and Pharma application segment will witness the highest growth rate between 2022-2032
The medical and pharma segment of the e-health market is to witness maximum growth potential within the forecast timeframe. The pharmaceutical business is anticipated to continue to rapidly adapt and grow to meet the increasing global demand for healthcare as technical advances. Due to the emerging technologies, the pharmaceutical sectors have experienced tremendous growth compared to 10 to 15 years ago. People are more conscious of their health and lifestyle choices today. Medical practitioners' perspectives on the medical sector have shifted due to digital transformation. Furthermore, FID chips on medicine packaging, sensors on inhalers, pumps, and smart tablets, cloud-based patient records, video platforms, and implants to monitor the condition of the cardiovascular system or blood sugar levels, and many more alternatives exist to improve the business model.
The hospital's segment will capture the highest market share in the coming years
The hospital segment within the end use of the e-health market will witness the highest market share. This is caused by an increase in the cost of the health service and the number of chronic and infectious illnesses—furthermore, increased government and corporate funding for the global digitalization of healthcare systems. For instance, in March 2020, the Federation Council and Parliament of Russia approved legislation to digitize healthcare to enhance medical care, notably during the coronavirus epidemic. Thus, the implementation of e-health will improve the hospitals' operational effectiveness.
Monitoring segment within the application to witness the highest CAGR during the forecast timeframe
The monitoring segment continued to hold the most significant market share due to its growing influence on self-monitoring devices that measure various factors, including the expected growth in chronic disease, rising rates of unhealthy lifestyles, and the importance of at-home healthcare. Furthermore, the market expansion is anticipated to be fueled by increasing demand for self-monitoring devices, which automatically track various physical activities and vital indicators while creating databases.
North America to capture the highest market share in Drone Camera Market
Due to the presence of large corporations and their production and quality control facilities in the industrialized countries of Canada and the United States, this regional market has grown. Furthermore, the regional market expansion can be attributed to the presence of a sizable number of healthcare IT companies, such as Cerner Corporation (US), GE Healthcare (US), Infor, and Allscripts Healthcare Solutions. The business creates high-tech devices that assist patients in living better lives and reduce the need for frequent hospital visits. This positively impacts the growth of the North American eHealth industry. Furthermore, due to its extensive usage of telemedicine, and consulting services, the U.S. dominates North America.
Impact of COVID-19 on E-health Industry
There was a notable positive impact on the E-health market due to COVID-19. E-health is an excellent option for patients due to the rise in high infection risk and reduced hospital visits. Many healthcare services have been using telehealth extensively during this pandemic. This will stop the virus from spreading. Most pharmaceutical companies use data from this e-health to create medications and vaccinations that are then distributed to the appropriate places. Additionally, to increase consumer awareness of consultation apps, pharmaceutical apps, and other health sensors currently support clients in determining their health decisions. Despite a considerable reduction in the healthcare sector in COVID-19, these factors enable the e-health industry to grow.
E-health: Market Dynamics
The market dynamics section of the report covers an in-depth analysis of drivers and restraints opportunities impacting the drone camera market. The report also encompasses major market strategies practiced by the industry, followed by patent analysis, product analysis, competitive benchmarking of companies, PORTER and PESTLE analysis of the e-health industry, pricing analysis, and geographic competitiveness to provide a detailed understanding. The major players operating in the e-health market are Allscripts Healthcare, LLC, Athena Health, BioTelemetry, Cisco Systems, General Electric Company, IBM Corporation, Health Labs Inc, Implantica, Medisafe, and Siemens Healthcare GmbH. These companies cumulatively hold most of the e-health market share and actively undergo strategic development, such as new product launches, mergers, collaborations, business expansions, acquisitions, and long-term contracts to ensure market penetration. These companies also primarily focus on research and development to gain technological competitiveness in the market. A detailed analysis of these companies is offered in the report.
Driver: Increase in eHealth technological advancements
A hospital visit followed by additional therapy is a costly process. The business creates high-tech devices that help patients live better lives and reduce the need for frequent hospital visits, which drives the expansion of the worldwide eHealth market. Devices based on cutting-edge technology store patient data, such as big data, analytics, and cloud-based services. These devices must be connected to a major hospital network via tablets or mobile phones. New eHealth technologies are designed to provide dependable, precise, and adequate healthcare environments for the best possible patient care. Patients can check their treatment histories at any time and location, and clinicians can access this information. For instance, wearable technology development has made it possible for many people, from youthful athletes to chronic healthcare patients, to continuously monitor advanced biometrics.
Restraints: Lack of professionals in the industry
One of the challenges in the eHealth industry is the need for more professionals who possess the necessary skills to manage technology-based healthcare systems. Mishandling these systems can result in inaccurate data and potential harm without the proper competencies. Since eHealth technologies heavily rely on automation and expensive software, the lack of skilled employees with the proper education and experience can impede industry growth. This shortage of capable individuals to oversee eHealth technologies may hinder the market's expansion.
Opportunity: Adoption of eHealth solutions
Numerous government agencies are promoting eHealth technologies in outpatient care settings due to their benefits. Since eHealth solutions provide a practical approach to healthcare, their use is expanding as healthcare shifts to an outpatient perspective. Additionally, these technologies help doctors stay on top of patients' needs and offer remote patient health monitoring. With the rising acceptance of cutting-edge technologies, including 5G, AI, cloud computing, and data analytics, VR is expected to hasten market expansion. These most recent digital technologies are projected to improve data analysis, raise cost efficiency, and boost eHealth platform security, all of which would aid in the market's expansion.
E-health Market: Recent Developments
- In July 2020, Cerner launched the Community Works Foundations cloud-based EHR platform, which is free for critical access (CAHs) and rural hospitals and has a fixed fee payment plan.
- In May 2020, Due to the rise in demand for remote medical care brought on by the Covid-19 epidemic, Epic Systems Corp., one of the largest holders of U.S. medical data, selected software provider Twilio Inc. to help power a new telehealth service.
In September 2020, Abbott's newest FreeStyle Libre 3 system was awarded the CE Mark making it acceptable for diabetics in Europe to use. FreeStyle Libre 3 is designed to automatically provide minute-by-minute continuous, real-time glucose levels to cellphones.
- In September 2020, All UK medical professionals can use Top Doctors' e-Consultation service for free for the next two months. Top Doctors is a leading online service provider for the private medical sector. Patients will have access to the e-Consultation platform, which is open 24/7, 365 days a year, to schedule consultations and get guidance from top medical experts whenever they need it via private messaging or video conference.
The study of the E-health market offers revenue and growth data sets of segments that are provided at the global level, regional level, and country levels. The report shows the historical data set for 2017-2021 and the forecast period of 2022-2032. For analysis, Quadrant Market Insights (QMI) has segregated the drone camera market into four major segments as follows:
By Deployment Model
- Electronic Health Records (EHR)
- Vendor Neutral Archive (VNA) and Picture Archiving & Communications Systems(PACS)
- Laboratory Information Systems (LIS)
- Medical and Pharma Application
- Clinical Decision Support Systems (CDSS)
- Pharmacy Information Systems
By End Use
- Ambulatory Care Centers
- Nursing homes and other healthcare agencies
- Healthcare consumers
- Administrative and Operations
- Financial Management
The regional analysis of the E-health market is as follows:
- Rest of Europe
- Rest of Asia-Pacific
Middle East & Africa
- South Africa
- Saudi Arabia
Key players operating in the e-health industry are:
- Allscripts Healthcare, LLC
- Athena Health
- Cisco Systems
- General Electric Company
- IBM Corporation
- iHealth Labs Inc
- Siemens Healthcare GmbH
E-Health Market: Who Should Purchase, and How It Will Help Readers
- The report is best suited for top-level decision-makers, individuals who are supposed to take a leadership role or require market research to start a business, independent researchers, research institutes, and anyone who wishes to gain detailed strategic insights into the E-health market.
- This report provides a qualitative and quantitative analysis of the market segments, current trends, estimations, and dynamics of the E-health market analysis from 2017 to 2032 to identify the prevailing market opportunities.
- Market research and information related to key drivers, restraints, and opportunities are offered.
- Porter's five forces and PESTLE analysis highlight the potency of buyers and suppliers to enable stakeholders' market profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the E-health segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional and global E-health industry trends, key players, market segments, application areas, and market growth strategies.
- The report offers insights from primary interviews and CXOs of major industry players. It also offers a comprehensive contact and event repository to ensure future collaborations among industry stakeholders.
E-health Market: Frequently Asked Questions (FAQ)
Q: How big is the E-health market?
A: The global E-health market showcased a revenue of USD 210.9 billion in 2021 and is projected to witness a compounded annual growth rate (CAGR) of more than 17.89% over the forecast period of 2022-2032.
Q: Does the report have several E-health market numbers bifurcated by segments and regions?
A: The report offers a total number of E-health market numbers, further bifurcated into segments and regions. Please refer to the TOC page for more information.
Q: What are the major trends in the E-health market?
A: The sudden outbreak of COVID-19 followed by increasing consumer preferences towards virtual health and medical consultations is supporting business opportunties.
Q: How can I get the sample Report on the E-health market?
A: The E-health market report sample can be obtained on demand from the website. Also, 24*7 chat support and direct call services are provided to procure the sample report
Q: Is it possible to purchase a specific or customized report as per my needs
A: Yes, it is possible to purchase a specific part of the report or edit the scope of the report at your convenience. Feel free to drop us the mail/talk to our customer support or schedule a conversation to procure a customized report.
- Deployment Model
- End Use
- North America
- Latin America
- Middle East & Africa
- Technological advancement and integrations in E-health industry
- Adoption in E-health solutions
- Lack of professionals with necessary skills to manage e-health technologies
Allscripts Healthcare, LLC, Athena Health, BioTelemetry, Cisco Systems, General Electric Company, IBM Corporation, Health Labs Inc, Implantica, and Medisafe.