According to a new report published by Allied Market Research, titled, “e-health Market by Type and End User: Opportunity Analysis and Industry Forecast, 2019-2027,”
The global e-health market was valued at $74,476 million in 2019, and is projected to reach $2,30,640 million by 2027 at a CAGR of 14.5% from 2020 to 2027.
Key Findings Of The Study
- By product, the medical apps segment occupied 41.7% share of the global e-health market in 2019.
- On the basis of end user, the healthcare consumers segment is anticipated to grow with the highest CAGR throughout the forecast period.
- Region wise, the Asia-Pacific e-health market is anticipated to exhibit a CAGR of 23.02% during the forecast period.
North America accounted for the highest revenue in 2019, and is anticipated to maintain its dominance from 2020 to 2027, due to favorable regulatory scenario regarding to e-health, high adoption of e-health solutions to curtail soaring healthcare costs, regulatory requirements regarding patient safety, and presence of a large number of e-health companies, such as Allscripts Healthcare Solutions, Cerner Corporation, GE Healthcare, and McKesson Corporation, Infor, Inc.
The growth of the global e-health market is majorly driven by extensive use of software & ICT healthcare, surge in need to manage regulatory compliance through use of e-health solution, availability of infrastructure for implementation of e-health and safe and adequate storage of data. Furthermore, with fast and easy data sharing, e-health solutions foster collaboration among healthcare providers, while enabling to improve patient outcomes and increasing patient safety. However, reluctance among medical professionals to adopt advanced e-health solutions and high cost of deployment and maintenance of e-health solutions hinder the market growth. Conversely, growth opportunities in emerging nations; expansion of mHealth, telehealth, and remote patient monitoring markets; and rise in use of e-health solutions in outpatient care facilities are expected to provide lucrative growth opportunities for the market growth.
Key Market Segments
- BY TYPE
- Electronic Health Records (EHR)
- Vendor Neutral Archive (VNA) and Picture Archiving & Communications Systems(PACS)
- Laboratory Information Systems (LIS)
- Prescribing Solutions
- Medical Apps
- Clinical Decision Support Systems (CDSS)
- Pharmacy Information Systems
- BY END USER
- Healthcare Providers
- Healthcare Consumers
Key Market Players
- ALLSCRIPTS HEALTHCARE SOLUTIONS, INC
- ATHENAHEALTH, INC
- CISCO SYSTEMS INC
- GENERAL ELECTRIC COMPANY
- INTERNATIONAL BUSINESS MANAGEMENT CORPORATION (IBM)
- KONINKLIJKE PHILIPS N.V
- MEDTRONIC PLC
- SIEMENS AG (SIEMENS HEALTHINEERS)
- TELADOC HEALTH, INC. (INTOUCH TECHNOLOGIES, INC.)
- UNITEDHEALTH GROUP (OPTUM)
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