North America to Dominate E-Health Market until 2025
Growing awareness among
hospitals and clinics regarding the benefits provided by eHealth systems to
drive the growth of global E-Health market
According to
TechSci Research report, “Global E-Health
Market By Product (Electronic Health Records,
ePrescribing, Clinical Decision Support, Telemedicine, Consumer Health
Information, mHealth, Health Management, Information System), By Services
(Monitoring, Diagnostic, Healthcare Strengthening), By End-Use (Hospitals,
Home Healthcare, Payers, Pharmacy), By Region, Forecast & Opportunities,
2025”, global E-Health market is expected to witness robust growth during the
forecast period. Growing requirement to curtail escalating healthcare costs is one of the major factors
accounting for the growth of global E-Health market. Moreover, shortage
of healthcare professionals is expected to bode well for the growth of global
E-Health market through the forecast period. In addition to this, increase in shift
towards patient-centric healthcare delivery is expected to positively influence
the growth of global E-Health market in the years to come. Also, integration of
IoT and technological innovations in healthcare industry is making headway for
the growth of global E-Health market. Along with this, supportive government
funding is positively contributing to the market growth across the globe. Moreover,
rising preference towards smartphone technologies and internet is anticipated
to bolster the market growth in the coming years, which can be attributed to
the fact that with the help of the internet, healthcare professionals can provide
health related information to help consumers timely, in a more convenient way.
Furthermore, upsurge in demand for population health management is expected to aid
the market growth. As more and more people are getting aware about E-Health and
efficiency of using this technology, this is leading to a high acceptance level
among healthcare professionals, due to which the global E-Health market is
projected to rev up during the next five years. However, there are certain
factors such as lack of supporting infrastructure in developing region with the
high cost of health IT tools might act as major impediments to the growth of
global E-Health market during the forecast period.
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Global E-Health
market can be segmented based on product, service, end user, company, and
region. Considering the service, the market is fragmented into monitoring,
diagnostic, healthcare strengthening. The monitoring segment dominated the
global E-Health market in terms of largest market share until 2019 and is
further anticipated to maintain its dominance during the forecast period as
well. This is because of increasing demand for self-monitoring devices, which
automatically monitor several physical activities and vital signs and generates
a database associated with these activities.
Cerner Corporation, McKesson,
Philips Healthcare, GE Healthcare, Allscripts, athenahealth, Epic Systems, IBM,
Optum, Siemens Healthineers, Medtronic, McKinsey & Company, Allscripts
Healthcare Solutions, Inc., Boston Scientific Corporation, are among others
are the leading players operating in global E-Health market. The players are
adopting several growth strategies to enhance the market scenario of E-Health. Other
competitive strategies include product launches; mergers & acquisitions;
agreements, partnerships, and collaborations; and expansions to diverse their
product portfolio in order to strengthen market position.
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“North
America is forecast to dominate the global E-Health market during the next five
years on account of availability of supportive infrastructure such as
high-speed internet in the region. Furthermore, presence of large healthcare IT
companies is also contributing to the growing trend. However, Asia-Pacific is anticipated
to register highest CAGR over the years to come, which can be attributed to rise
in government investments & reforms to modernize healthcare infrastructure in
the region. In addition to this, surging medical tourism activities along with increasing
implementation of eHealth programs in the region is further expected to bolster
the growth of global E-Health market in the years to come.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global E-Health Market By Product (Electronic
Health Records, ePrescribing, Clinical Decision Support, Telemedicine, Consumer
Health Information, mHealth, Health Management, Information System), By
Services (Monitoring, Diagnostic, Healthcare Strengthening), By End-Use
(Hospitals, Home Healthcare, Payers, Pharmacy), By Region, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of global E-Health market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global E-Health market.
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