LONDON, March 15, 2018 /PRNewswire/ -- The global eHealth
market is projected to reach USD 132.35
billion by 2023 from USD 47.60
billion in 2018, at a CAGR of 22.7% during the forecast
period. The factors expected to drive the market include the need
to control the growing healthcare costs, growing geriatric
population, high prevalence of chronic disorders, increasing
eHealth initiatives for the implementation of eHealth solutions,
and growing demand for effective management of patient records.
However, the reluctance among medical professionals to adopt
advanced eHealth solutions and high-cost of deployment and
maintenance of eHealth solutions may hinder the growth of the
eHealth market to some extent.
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The eHealth services segment is expected to grow at the highest
CAGR during the forecast period
On the basis of products and services, the eHealth market is
segmented into eHealth solutions and eHealth services.The eHealth
services segment is expected to register the highest CAGR during
the forecast period.
Factors such as the rising demand for online medical consultation,
the widespread preference of patients for home healthcare and
rehabilitation due to the convenience of these services, regulatory
support, and the use of telecommunication and multimedia
technologies combined within mobile and wireless healthcare
delivery systems are the reasons propelling the growth of this
market.
The healthcare providers segment accounted for the largest share
of the eHealth market in 2017
Based on end user, the global eHealth market is segmented into
healthcare providers, pharmacies, healthcare payers, healthcare
consumers, and other end users.In 2017, the healthcare providers
segment dominated the eHealth market.
The large share of this end-user segment is mainly due to the
rising government initiatives to enhance and scale-up the use of
eHealth in hospitals and clinics, increasing healthcare reforms,
the need to improve patient care while increasing operational
efficiencies, and improving hospital infrastructure in emerging
geographies.
The Asia Pacific to register
the highest growth rate in the eHealth market during the forecast
period
North America accounted for the
largest share of the eHealth market, followed by Europe, Asia
Pacific, and the Rest of the World.However, the Asia Pacific region is expected to grow at the
highest CAGR during the forecast period.
Factors such as the large patient population, especially in
China and India, growing per capita income, increasing
investments in the healthcare industry by key market players, and
rising awareness about advanced technologies are driving the growth
of the APAC eHealth market.
Break of primary participants was as mentioned below:
• By Company Type – Tier 1–42%, Tier 2–38% and Tier 3–20%
• By Designation – C-level–40%, Director Level–35%, Others–25%
• By Region – North America–35%, Europe–30%, Asia Pacific–20%,
RoW–15%
The major players in the eHealth market are McKesson (US),
Allscripts (US), athenahealth (US), Epic Systems (US), IBM (US), GE
Healthcare (US), Cerner (US), Optum (US), Philips (Netherlands), Siemens Healthineers
(Germany), Medtronic (Ireland), and Cisco (US).
Research Coverage:
The report analyzes the eHealth market and aims at estimating the
market size and future growth potential of this market based on
various segments such as product & service and end user.The
report also includes an in-depth regulatory analysis for various
regions across the globe and competitive analysis of the key
players in this market along with their company profiles, product
and service offerings, recent developments, and key market
strategies.
This report also provides market information on North America, Europe, Asia
Pacific, and the Rest of the World.
Reasons to Buy the Report
The report will enrich established firms as well as new
entrants/smaller firms to gauge the pulse of the market, which in
turn would help garner a greater share. Firms purchasing the report
could use one or any combination of the below-mentioned five
strategies.
This report provides insights on the following pointers:
• Market Penetration: Comprehensive information on product and
service portfolios offered by the top players in the eHealth
market. This report analyzes the market by product and service, end
user, and region
• Product Development/Innovation: Detailed insights on the upcoming
trends and product and service launches in the eHealth market
• Market Development: Comprehensive information about the lucrative
emerging markets for eHealth
• Market Diversification: Exhaustive information about new products
and services, growing regions, recent developments, and investments
in the eHealth market
• Competitive Assessment: In-depth assessment of market shares,
growth strategies, products, services, and technological
capabilities of the leading players in the eHealth market
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