The Global eHealth Market is expected to reach USD 206.64 Billion by 2025 from USD 40.75 Billion in 2017 growing at a CAGR of 22.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2017, the base year of calculation is 2017 and the forecast period is 2018 to 2025
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Some of the major players operating in the global eHealth market are Motion Computing Inc., Epocrates Inc., Telecare Corporation, Medisafe, Set Point Medical, IBM, Doximity, Lift Labs, and Apple, GE Healthcare, Cerner, Allscripts, Mckesson, Philips, Siemens Healthineers, IBM, Optum, Medtronic, Epic Systems, Athenahealth, Cisco Systems among others.
eHealth refers to the electronic health and uses computer and internet to store and manage the medical records instead of maintaining them on paper files. eHealth is also known as health information technology. eHealth strengthens the patient –physician relationship by providing valuable information. According to the U.S Bureau of Labor Statistics, employment of health information professionals will increase 22% by 2022. eHealth has various subdomains like Electronic Health Records (EHR), Electronic Medical Record (EMR), health IT systems, consumer health IT data, mobile health and big data systems used in digital health. As per of American Telemedicine Association (ATA) the number of mobile health (mHealth) patents has been increased multiple times from 2000 to 2015. In December 2012, eHealth action plan was formulated, that includes around 16 proposed actions to boost eHealth. mHealth market is expected to be the largest and fastest growing sector by 24% by 2022 In June 2014, Apple introduced the integration of Health Kit platform into the upcoming iPhone operating system (iOS 8) which provide complete health overview of a person such as weight, sleep patterns, heart rates measures, blood pressure and calorie intake. In August 2015, Doximity launched its second generation residency navigator tool to help doctors to compare residency programs. The accomplishment of the company increases the market value in eHealth market. In 2015 total 44 million m-health applications were downloaded in the U.S. According to the WHO, since 2005 the trend of eHealth has been accelerated and 58% of countries are with eHealth strategy advanced minimally invasive surgery method which is performed through endoscope.
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The global eHealth market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of eHealth market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
- Increase use of big data.
- Scarcity of healthcare professionals
- More emphasis on patient-centric healthcare delivery
- High prevalence of chronic diseases
- Increase in government initiatives supporting the use of eHealth solutions and services
- Advancement in technology of eHealth
- Refusal among medical professionals to adopt advanced eHealth solutions
- High cost of deployment and maintenance of eHealth solutions
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