E-Health Services Market Size, Share, Trends | Demand, Regional Growth Analysis And Industry Forecast 2027
Research Reports
Apr 12, 2022
Market Synopsis:
The exponential demand for healthcare facility has intensified the need for the adoption of technological advancements in the healthcare sector. Market Research Future (MRFR) has found out in its latest study that the global e-health services market is anticipated to scale 12.9% of CAGR across the forecast period 2017 to 2023. The analysis further reveals that the market’s valuation is projected to reach USD 270 billion by 2023-end from USD 120 billion in 2016.
The increasing burden of health disorders such as diabetes, irregular blood sugar levels, etc. has created a demand for storing patient information in a way which is easily accessible during an emergency. The introduction of technologies such as IoT, AI, etc. paved the way for the development of e-health services for the management of data electronically. It is a nascent market and is expected to gain more popularity over the next couple of years. In addition, the adoption of cloud technology has made the solution not only cost-effective but also highly efficient. It is projected to propel the expansion of the e-health services market in the years to come.
The growth trajectory of the e-health services market is expected to be injected by huge investments for large-scale deployment of the services. The increasing penetration of internet services in conjunction with technological innovations being brought into the market is expected to catapult the e-health services market on an upward trajectory in the foreseeable future.
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Competitive Dashboard:
The e-health services market represents stiff competition among the players. For an exhaustive share analysis of the market. Key players have been profiled which include IBM Corporation (U.S), GE Healthcare (U.S), McKinsey & Co. (U.S), Allscripts Healthcare Solutions Inc. (U.S), Motion Computing Inc. (U.S), Telecare Corp. (U.S), Epocrates Inc. (U.S), Proteus Digital Health (U.S), Boston Scientific Corp (U.S), Cerner (U.S), and Apple (U.S).
Market Segmentation:
The global e-health services market, on the basis of type, has been segmented into Electronic Health Records (EHR), big data systems, Telemedicine, ePrescribing, Clinical Decision Support System (CDSS), Knowledge Management System (KMS), and Consumer health IT.
By service, the e-health services market has been segmented into clinical services, administrative services, and financial services.
On the basis of end user, the global e-health services market has been segmented into hospitals, clinics, health insurance companies, and others.
Regional Analysis:
The global e-health services market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa (MEA). North America is projected to account for the most significant share of the global market over the forecast period. The region is endowed with technical brilliance and a concentration of significant industry leaders. These are expected to augment the e-health services market in the foreseeable future. Also, the region houses a developed infrastructure which is capable of adopting the latest technologies in the healthcare sector. It is poised to accelerate revenue creation for players in the e-health services market over the assessment period. Europe is anticipated to maintain its second-largest market at a healthy growth pace in the years to come. However, the Middle East & Africa is projected to exhibit steady expansion in the forthcoming years.
Industry News:
In May 2019, MYDAWA, a Kenyan e-health startup, has announced that it has raised USD 3 Mn funds from Africa HealthCare Master Fund to facilitate a planned countrywide expansion.
In May 2019, ten Swiss startups, focused on e-health, traveled across five cities in Germany as part of the Swiss Startup Tour for the introduction of their products and services to a broader audience.
In May 2019, all the government hospitals in Thiruvananthapuram, a city in Southern part of India, is provided with e-health services for early adoption and deployment.
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