eHealth Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The eHealth Market has been segmented by Component (Electronic Health Records, e-Prescribing, Clinical Decision Support Systems, Telemedicine, and Other Components), Type of Service (Monitoring Services, Diagnosis Services, and Other Types of Services), End User (Hospitals, Insurance Companies, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers values (in USD million) for the above segments.

Market Snapshot

CAGR
Study Period:

2018-2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

16.1 %

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Market Overview

The eHealth market is projected to register a CAGR of 16.1% during the forecast period, 2021-2026.

The COVID-19 impact is expected to drive the market for e-Health solutions over the forecast period. Companies such as Allscripts Healthcare introduced a package of COVID-19 solutions for hospitals that address disease-specific needs within SunriseTM EHR, Parago HER, and Allscripts Care Director, mainly to streamline screening and surveillance. These screening steps deliver guidance for identifying and tracking patients with confirmed and suspected coronavirus disease (COVID-19). The proactive identification of patients with various risk levels for COVID-19 infection can help mitigate the spread, mainly by ensuring the appropriateness of care across all healthcare settings and achieve high-quality outcomes.

The propelling factors for the growth of the e-health market include the growth in IoT and technological innovations, rising preference toward mobile technology and the internet, and rising demand for population health management. Lifestyle-associated disorders, such as hypertension and diabetes, are expected to increase over the forecast period. These diseases raise blood pressure and blood sugar levels. Thus, the increasing awareness among people about eHealth and rising acceptance level among healthcare professionals, coupled with evidence of the efficiency of using this technology, are anticipated to result in substantial growth for this industry.

In recent years, the number of applications for internet in healthcare has increased exponentially. With the help of the internet, healthcare professionals can deliver health information to health consumers more conveniently and in less time. For instance, in Germany, the Appointment Service and Supply Act (TSVG), which was adopted on March 14, 2019, is funded by the German statutory health insurance funds to provide policyholders with electronic health records from January 1, 2021, onward. This indicates that in the coming years, the country will have a better EHR implementation.

The expansion of healthcare, with huge volume and velocity of data, encouraged clinicians and hospitals to use the internet. Despite all the benefits provided by eHealth, there are barriers to adopting healthcare IT systems.

Scope of the Report

As per the scope of the report, eHealth is a promising field in public health and business and medical informatics, referring to health services and information delivered or improved through the internet and related technologies. It empowers patients to take an active role in their treatment, allowing them to gain a deeper understanding of their conditions and how to effectively manage them.

The eHealth market has been segmented by component (electronic health records, e-prescribing, clinical decision support systems, telemedicine, and other components), type of service (monitoring services, diagnosis services, and other types of services), end user (hospitals, insurance companies, and other end users), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers values (in USD million) for the above segments.

By Component
Electronic Health Records
e-Prescribing
Clinical Decision Support Systems
Telemedicine
Other Components
By Type of Service
Monitoring Service
Diagnosis Service
Therapeutic and Other Services
By End User
Hospitals
Insurance Companies
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia - Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

The Electronic Health Records (EHR) Segment is Expected to Grow the Fastest During the Forecast Period

Healthcare database management systems are one of the biggest domains in eHealth. EHRs are critical in providing good patient care, patient security, and public health. Database management systems ensure minimum medical errors and increased patient safety. EHR is useful in every step of a clinical process, starting from the risk factor for various diseases to insurance claim processing.

All the three types of analytics, namely, descriptive, predictive, and prescriptive analytics, which use data for identifying risk factors for various diseases or suggesting a treatment, will get better and more accurate data from EHRs, resulting in better results.

EHR faces significant hindrance due to interoperability (the ability of software or IT systems to communicate in exchange for data and usage of exchanged data). Due to the lack of interoperability, the advantages of using electronic data are limited. Some of the other challenges in this market are strict government regulations concerning data management and patient privacy and lack of skilled IT professionals, among others.

Healthcare data is very personal, and hence, no government can allow the misuse of such data from insurance companies or other private players. This concern is leading to strict regulations from the regulatory bodies. According to IBM Security’s 2019 data breach cost report, data breaching in the healthcare field costs USD 6.45 million on an average. Moreover, with the impact of COVID-19, there is a huge need for the adoption of eHealth tools for better management of diseases remotely, which is likely to boost the market growth in the segment.

Furthermore, EHRs ensure better patient information, including personal, financial, and demographical, which helps in faster claim processing. EHR allows patients or users to have access to their clinical data from anywhere, anytime. Hence, owing to these factors, the market studied is expected to record a good CAGR over the forecast period.

Percent (%) of Non-Federal Acute Care Hospitals That Implemented Basic EHR System in United Sates from 2010 -2020 - Image

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The North American Region Holds the Largest Market Share and is Expected to Follow the Same Trend Over the Forecast Period

North America is expected to be the largest market due to the presence of a technologically updated population base and various current initiatives taken in the region. These aforementioned factors are expected to be the drivers for the market growth. The high growth of this region has also been attributed to the availability of high-tech healthcare infrastructure, along with high-speed internet. Thus, the rising awareness is expected to contribute substantially toward the development of the overall market.

For instance, according to the United States Food and Drug Administration, at least 54% of healthcare consumers in the United States would be using some or other form of FDA-approved app and other online tools for treatment/management/monitoring of medical conditions. Furthermore, physicians have begun to shift their online knowledge-gathering from general health portals to disease and specialty-specific websites. In addition, some of the best practices are followed in the United States, which have set an example for eHealth. These practices include a focus on clinicians, recognition of data ownership (providers and payers), recognition of regional variations in IT drivers and business needs, and the need for extensive education, training, and communication to effect change management, among others.

In addition, with the COVID-19 pandemic, many market players are entering the market, which is expected to boost the market growth for eHealth in the United States. For instance, in 2020, Cerner Corporation announced that it would be offering a new video care platform called Video Visit program to its CommunityWorks clients.

Also, the development of various innovative systems is helping in securely monitoring and reporting patient information in real-time circumstances. For instance, GoTelecare’s Remote Patient Monitoring (RPM) system sends instant alerts if there is a change in abnormality in the vital signs and helps in timely intervention by the physician, preventing further deterioration of patient health.

e-Health Market - Growth Rate by Region

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Competitive Landscape

The rising focus of the players on technological developments and innovation is expected to fuel the growth of the overall market in the coming few years. As per the study, the competitive scenario of the global eHealth market is likely to intensify with an increasing number of players in the near future. In December 2020, Samsung received the CE mark for its Samsung health Monitor App, which aids in monitoring blood pressure through pulse wave analysis with heart rate monitoring sensors, and the ECG feature analyzes the heart's electrical activity through a sensor by installing the app in both phone and smartwatch.

Some of the major market players are Boston Scientific Corporation, GE Healthcare, IBM, and Allscripts Healthcare Solutions Inc.

Recent Developments

In September 2020, Abbott Laboratories received a CE mark for its next-generation FreeStyle Libre 3 system for use in people living with diabetes in Europe. The FreeStyle Libre 3 technology provides continuous, real-time glucose readings automatically delivered to smartphones every minute, offering unsurpassed 14-day accuracy.

In April 2020, Top Doctors, a leading provider of online services for the private medical sector, announced that it will make its e-Consultation service available for free to all medical professionals throughout the United Kingdom for the initial few months.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growth in IoT and Technological Innovations

      2. 4.2.2 Rising Preference Toward Mobile Technology and Internet

      3. 4.2.3 Rising Demand for Population Health Management

    3. 4.3 Market Restraints

      1. 4.3.1 Concerns over Data Security

      2. 4.3.2 Lack of Reimbursement Policies in the Emerging Markets

      3. 4.3.3 Lack of Proper Infrastructure for eHealth in Emerging Markets

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Component

      1. 5.1.1 Electronic Health Records

      2. 5.1.2 e-Prescribing

      3. 5.1.3 Clinical Decision Support Systems

      4. 5.1.4 Telemedicine

      5. 5.1.5 Other Components

    2. 5.2 By Type of Service

      1. 5.2.1 Monitoring Service

      2. 5.2.2 Diagnosis Service

      3. 5.2.3 Therapeutic and Other Services

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Insurance Companies

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia - Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Allscripts Healthcare Solutions Inc.

      2. 6.1.2 athenahealth Inc.

      3. 6.1.3 Boston Scientific Corporation

      4. 6.1.4 Cerner Corporation

      5. 6.1.5 CompuMed Inc.

      6. 6.1.6 GE Healthcare

      7. 6.1.7 Proteus Digital Health

      8. 6.1.8 Telecare Corporation

      9. 6.1.9 Epic Systems

      10. 6.1.10 Optum Health

      11. 6.1.11 Siemens Healthineers

      12. 6.1.12 Koninklijke Philips NV

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Global eHealth Market market is studied from 2018 - 2026.

The Global eHealth Market is growing at a CAGR of 16.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Allscripts Healthcare Solutions, Inc.
  • athenahealth Inc.
  • Boston Scientific Corporation
  • Cerner Corporation
  • CompuMed Inc.

Are the major companies operating in Global eHealth Market.

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