E-Health Services Market By Technology (Telemedicine (Teleconsulting, Telemonitoring, Tele-education, Tele Training, Others), mHealth (Wearable, Apps (Medical Apps, Fitness Apps, Wellness Apps, Others)), Electronic Health Records (EHR), e-Prescribing Systems, Others), By Application (Therapeutics, Diagnostics, Remote Monitoring & Management, Training and Education, Others), By End Users (Hospitals & Clinics, Individuals, Government, Pharmacies, Insurance companies, others), By Region (North America (U.S., Canada, Mexico, Rest Of North America), Europe (France, The UK, Spain, Germany, Italy, Denmark, Finland, Iceland, Sweden, Norway, Belgium, The Netherlands, Luxembourg, Rest of Europe), Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia, Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa) Latin America (Brazil, Argentina, Rest of Latin America)) - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021 – 2029
Industry Trends
E-Health is the application of digital technology and telecommunications, such as the use of internet, computers, and mobile devices to assist individuals in improving their health and providing better health care. All aspects of civilization's development and evolution are influenced by technology. E-health has cleared the way for a new area of research among doctors, scientists, and researchers, who are attempting to build efficient and accurate technology for dealing with health issues, while policymakers consider to provide inexpensive healthcare to everyone. Growing popularity and awareness of eHealth are some of the primary factors driving the growth of global e-health services market. Advances in communication technology have made healthcare information and services globally accessible at a very minimal cost. Some of the key market participants, such as Cerner Corporation, are contributing towards the industry through product development. Cerner Corporation, a US-based corporation, announced the introduction of a new video care platform known as a Video Visit programs for its Community working clients in June, 2020, amidst the Covid19 pandemic.
The shift toward patient-centric care, combined with raised digitization of products and services, allows for remote recording and sharing of medical records. Because of the numerous advantages of patient-centric services, their use for consultation, diagnosis, treatment, and prevention is likely to rise in the future years. The World Health Organization (WHO) has defined ehealth as the delivery of health information to health professionals and health consumers via the internet and telecommunications. E-health comprises all forms of electronic health data interchange, such as Telemedicine, and Tele-health amongst other. It encourages the creation of a new link between the patient and the health expert, resulting to a true corporation where mutual decisions are made. However, the electronic sharing of patient data raises concerns about data loss and liability as a result of expanded access, which is also restricting the growth of global e-health services market. However, e-health technology vendors are investing enormously to address the prevailing challenge more effectively and efficiently.
The COVID-19 pandemic continues to take its toll over the world, claiming lives and causing disruption and change in cultures and economies. The World Health Organization (WHO) classified coronavirus disease (COVID-19) a pandemic on March 11, 2020. As the first country to be affected by the pandemic, China implemented a variety of digital solutions at various stages of the outbreak. The National Health Commission published a notice in February 2020, urging health authorities at all levels to increase their use of digital solutions to support the response to COVID-19, in conjunction with ministers from all sectors and established service providers. Globally, digital technologies are being used to aid the public-health response to COVID-19, including population surveillance, case identification, contact tracing, and intervention evaluation based on mobility data and public communication. Furthermore, the increased promise of innovation in e-health technologies showcases substantial growth opportunities for the market participants in the e-health services market.
In terms of revenue, e-health services market was valued at US$ 68,760.15 Mn in 2020 growing at a CAGR of 23.2% over the forecast period (2021 – 2029). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
Global E-Health Services Market Revenue & Forecast, (US$ Million), 2015 – 2029
Technology Outlook:
Based on technology, the global e-health services market has been primarily segmented into telemedicine, mhealth, electronic health records (EHR), and e-prescribing systems, amongst others. Telemedicine segment has been further classified into teleconsulting, telemonitoring, tele-education, tele training, and others. mHealth segment is again classified into wearable and apps. Electronic health records (EHR) segment is anticipated to dominate the market over the forecast period owing to its benefits in healthcare such as improved patient care, improved care coordination, improved diagnostics & patient outcomes, among others. EHRs technology are patient-centered, and enable real-time records that make information available to authorized users promptly and securely. It encompasses patient's medical history, diagnoses, prescriptions, treatment plans, immunization dates, allergies, radiological pictures, and laboratory and test results, among other elements. mHealth and telemedicine technologies, however, and anticipated to retain their high share over the period of next eight years.
Application Outlook:
Based on application, the global e-health services market has been segmented into therapeutics, diagnostics, remote monitoring & management, training and education, and others. Among these segments, remote monitoring & management is expected to hold the substantial share of the market over the forecast period. Digital technologies are used to monitor and collect medical and other health data from patients, and then electronically transfer this information to healthcare providers for evaluation and, if necessary, suggestions and instructions. Substantial investments are being directed by e-health services market vendors towards innovation and development of devices and solutions for remote monitoring of patients, which is furthering the segment’s growth in the global market.
End Users Outlook:
Based on end users, the global e-health services market has been segmented into hospitals & clinics, individuals, government, pharmacies, insurance companies, and others. Hospitals & clinics held the highest share in 2020. Increasing adoption of advanced technologies in the health care industry and growing trends towards paperless record maintaining across hospitals & clinics to improve overall patient experience and ensure efficient outcome has favored the segment’s growth in the global market. .
Region Outlook:
North America accounted for the largest share in the global e-health services market in 2020. North America dominated the e-health services industry as a result of technical advancements and active government activities in these regions. The countries in the region have fully developed IT infrastructure, which has enabled efficient integration and enhanced adoption of e-health services. Furthermore, presence of major players in the region is also drive the growth of the e-health services market in the North America region.
Competitive Landscape Outlook:
The report provides both, qualitative and quantitative research of e-health services market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
Some of the players operating in the e-health services market are AirStrip Technologies, Allscripts, Cerner Corporation, CISCO Systems, Inc., Epic Systems Corporation, Google, Inc., IBM Corporation, NXGN Management, LLC, Orange, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Seamless MD, Telefónica S.A., Vocera Communications, and other market participants.
Global E-Health Services Market:
By Technology:
- Telemedicine
- Teleconsulting
- Telemonitoring
- Tele-education
- Tele Training
- Others
- mHealth
- Wearable
- Apps
- Medical Apps
- Fitness Apps
- Wellness Apps
- Others
- Electronic Health Records (EHR)
- e-Prescribing Systems
- Others
By Application:
- Therapeutics
- Diagnostics
- Remote Monitoring & Management
- Training and Education
- Others
By End Users
- Hospitals & Clinics
- Individuals
- Government
- Pharmacies
- Insurance companies
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Global
E-Health Services Market:
·
By
Technology:
- Telemedicine
- Teleconsulting
- Telemonitoring
- Tele-education
- Tele
Training
- Others
- mHealth
- Wearable
- Apps
- Medical
Apps
- Fitness
Apps
- Wellness
Apps
- Others
- Electronic
Health Records (EHR)
- e-Prescribing
Systems
- Others
·
By Application:
- Therapeutics
- Diagnostics
- Remote
Monitoring & Management
- Training
and Education
- Others
·
By
End Users
- Hospitals
& Clinics
- Individuals
- Government
- Pharmacies
- Insurance
companies
- Others
·
By
Region
- North
America
- U.S.
- Canada
- Mexico
- Rest
of North America
- Europe
- France
- The
UK
- Spain
- Germany
- Italy
- Nordic
Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux
Union
- Belgium
- The
Netherlands
- Luxembourg
- Rest
of Europe
- Asia
Pacific
- China
- Japan
- India
- New
Zealand
- Australia
- South
Korea
- Southeast
Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest
of Southeast Asia
- Rest
of Asia Pacific
- Middle
East & Africa
- Saudi
Arabia
- UAE
- Egypt
- Kuwait
- South
Africa
- Rest
of Middle East & Africa
- Latin
America
- Brazil
- Argentina
- Rest of Latin America
At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.
Our research study is mainly implement through a mix of both secondary and primary research. Various sources such as industry magazines, trade journals, and government websites and trade associations are reviewed for gathering precise data. Primary interviews are conducted to validate the market size derived from secondary research. Industry experts, major manufacturers and distributors are contacted for further validation purpose on the current market penetration and growth trends.
Prominent participants in our primary research process include:
- Key Opinion Leaders namely the CEOs, CSOs, VPs, purchasing managers, amongst others
- Research and development participants, distributors/suppliers and subject matter experts
Secondary Research includes data extracted from paid data sources:
- Reuters
- Factiva
- Bloomberg
- One Source
- Hoovers
Research Methodology
Key Inclusions
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