According to the new market research report eHealth Market is projected to reach USD 193.8 billion by 2025 from USD 69.5 billion in 2020, at a CAGR of 22.8% during the forecast period.
Factors
such as the increased adoption of eHealth solutions, rising elderly
population base, and the growing number of infectious diseases are
expected to drive the growth of the eHealth market.
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Based on eHealth solutions,
the eHealth solutions market has been segmented into EHR/EMR Solutions,
Medical Apps, Picture Archiving and Communication Systems & Vendor
Neutral Archive, Chronic Care Management Apps, PHR & Patient
Portals, Health Information Exchange Solutions, Telehealth Solutions,
Pharmacy Information Systems, Laboratory Information Systems, Clinical
Decision Support Systems, E-Prescribing Solutions, Radiology Information
Systems, Cardiovascular Information Systems, Other Specialty
Information Systems. Within eHealth solutions market, EMR/EHR accounted
for the largest share in 2020. The large share of this segment can be
attributed to the superior quality of software enabling efficient
clinical workflow and thus, having high preference amongst the
healthcare professionals.
Based on end user, the
eHealth market has been segmented into Healthcare Providers, Healthcare
Payers, Healthcare consumers, Pharmacies, and Others. The healthcare
consumer segment is estimated to have enormous growth due to rising
dependence on telehealth solutions and remote patient monitoring
services. Recently developed telehealth solutions are exceptionally
superior and speed up patient recovery. Thus, above mentioned factors
are expected to drive the segmental growth.
Players in the global
eHealth industry include Cerner (US), McKesson (US), Philips Healthcare
(Netherlands), GE Healthcare (US), and Allscripts (US). Other leading
players in this market include athenahealth (US), Epic Systems (US), IBM
(US), Optum (US), Siemens Healthineers (Germany), Medtronic (Ireland),
and Cisco Systems (US).. These players are focusing on increasing their
presence in high-growth markets through both organic as well as
inorganic growth strategies, including service launches, expansions,
collaborations, and partnerships.
GE Healthcare (US)
held significant poistion in the global eHealth market in 2019. GE
Healthcare is a leading provider of eHealth solutions. It has a strong
and robust product and service portfolio of EHR and EMR solutions and
services; PACS and VNA solutions; and health information exchange
solutions. The company concentrates on R&D activities. It focuses on
developing new and improved products and services. GE Healthcare has
launched 25 new products, services, and digital solutions in the market.
Such initiatives undertaken by the company provide it a competitive
edge over other players operating in the eHealth market and help it
maintain its foothold in the market.
Cerner (US)
also accounted for considerable market share in eHealth market in 2019.
Cerner has a robust eHealth solutions portfolio tailored for medium-
and large-sized healthcare enterprises to help them with advanced
software and services, designed specifically to cater to their
requirements. The key strength of the company is its wide geographic
presence and extensive distribution network across leading markets.
Cerner has a strong global presence. Approximately 88.0% of its revenue
is generated from North America. However, the company is focusing on
expanding its operations in non-US markets, along with entering new
markets through business expansions and the adoption of inorganic growth
strategies.
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Geographically, the North American eHealth Market
accounted for the largest share of the eHealth solutions market in 2019
due to the presence of a well-established base of eHealth companies,
high investments in the several healthcare IT, and increasing R&D
expenditure. The Asia Pacific market is expected to register the highest
growth during the forecast period due to increasing healthcare
expenditures and improving regulatory scenario.
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