eHealth Market - Forecast(2020 - 2025)

Report Code: HCR 0661 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

eHealth Market size is forecast to reach $201.36 billion by 2025, growing at a CAGR of 23.35% during the forecast period 2019-2025. Increasing adoption of smartphones and IOT enabled devices by medical practioners and rising developments in the healthcare IT along with favorable government regulations are the major factors driving the growth of the market. High prevalence of chronic diseases and growing need to manage regulatory compliance through the use of eHealth solutions will further enhance the overall market demand of ehealth systems during the forecast period.

Key Takeaways

  • North America dominates the eHealth Market owing to high technological adoption and favorable government initiatives to the healthcare industry.
  • Increasing penetration of smartphones and smart wearable devices and initiatives by the government organization and healthcare communities to create awareness about the use of ehealth is likely to aid in the market growth of eHealth.
  • Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the ehealth market report.
  • High capital cost along with the installation of advanced systems in developing countries will create hurdles for the ehealth market.

Type - Segment Analysis

Electronic Health records(EHR) held the largest share in the ehealth market in 2018 and will grow at a CAGR of 16.7% during the forecast period 2019-2025.This is mainly owing to the factors such as growing adoption rate of EHR  by many developed and developing countries. EHR also improves the quality of treatment and provides healthcare providers with flexibility in terms of quick access to patient records, better decision support, medical monitoring and quality reporting in real time. Therefore, these benefits contributed to EHR's worldwide growth. Supportive government initiatives for EMR implementation across the globe and increased government incentives are also some of the factors supporting the growth of this segment. Health Information(Health informatics) system is estimated to be the fastest growing segment during the forecast period 2019-2025, owing to rising government initiatives to promote digital health and shift towards patient-centric healthcare delivery.

Services - Segment Analysis

Remote monitoring services holds a major share in the ehealth market in 2018 and is estimated to grow at a CAGR of 11.3% during the forecast period 2019-2025. High preference for home healthcare and rehabilitation due to convenience services can be attributed for the growth of the segment. Increasing geriatric population and rising prevalence of chronic diseases are also the factors that is helping in the growth of the market. With the emergence and introduction of cloud-based technology in healthcare, the share of the services segment has risen up significantly and support services provided by the healthcare IT companies.

Geography - Segment Analysis

North America dominated the ehealth market with a share of more than 42.3%, followed by Europe. High technological IT infrastructure along with favourable government initiatives from American Health Information Community (AHIC) are some of the factors driving the growth of the market. Implementation of HITECH Act and HIPAA Act and promoting the use of electronic health data will foster market growth in the region. Rise in the prevalence of chronic diseases, and increase in geriatric population will also support the growth of the market. Europe is also having a significant share in the ehealth market owing to the rising demand for the innovative technologies and systems for the effective management of chronic ailments such as diabetes, orthopaedics, cancer and favourable government initiatives such as implementation of e-Health law that aims at creation of electronic health card and setting up infrastructure for telemedicine.

However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period. This is owing to the increasing penetration of smartphones and smart wearable devices and rising adoption of mHealth services among the healthcare practitioners. Increasing government investments & reforms to modernize healthcare systems, rising medical tourism, implementation of eHealth programs and increasing disposable incomes are also some of the factors that will support the growth of the eHealth market in this region.

Drivers – eHealth Market

  • Technological Advancements in Healthcare

The key factors driving the growth of the ehealth sector are rapidly changing technology across healthcare IT, including cloud-based storage systems coupled with booming adoption of smartphones, laptops and tablets by healthcare providers and hospitals. Increasing healthcare IT innovation along with supporting regulations has facilitated the adoption of various healthcare technologies such as electronic medical records (EHR) and remote monitoring, and wearable which is driving the growth of the market. Everything is registered with the help of the internet from recording the patient entry to discharge. IoT is a major driver of market growth in personal e-Health.

  • Initiatives by government associations and increasing venture capitalists funding in start-ups.

Initiatives by the government organization and healthcare communities to create awareness about the use of digital health and easier government regulations for the adoption of various healthcare IT solutions will boost the market. Raising venture capital and funding from healthcare providers to the start-ups that provide such services will further fuel the market growth.

Challenges – eHealth Market

  • High cost of devices & security concerns

High capital cost and installations of technologically advanced systems will hamper the market growth. Rising security concerns for data such as cyber-attacks and unauthorized access to information technology (IT) systems can also hinder ehealth market growth in the coming years.

eHealth Industry Outlook

Product launches, merger acquisitions and R&D activities are key strategies adopted by players in the ehealth market. In 2018, the ehealth market share is consolidated by the top ten players present in the market. Ehealth top 10 companies are Allscripts, Athenahealth, Epic Systems, IBM, GE Healthcare, Cerner, Optum, Philips, Siemens Healthineers, McKesson, Medtronic, and Cisco Systems among others.

Acquisitions/Product Launches

  • In June 2018, Siemens Healthineers announced that it will assist Swiss Post with eHealth solution for electronic health records. Working in partnership with Siemens Healthineers will enable Swiss Post to provide new eHealth services for its customers. Siemens Healthineers has already put a number of major eHealth projects in place in Europe, including a large proportion of the electronic health record in Austria.
  • In January 2019, BioTelemetry acquired Geneva Healthcare for $65 million. Remote patient monitoring company BioTelemetry announced in January to acquire startup Geneva Healthcare which is a maker of remote monitoring for implantable cardiac devices, for $45 million in upfront cash with additional performance-based earn-out considerations of no less than $20 million.
  • In April 2019, CFC, a specialist insurance provider announced that its market-leading eHealth insurance product will be available to digital healthcare organizations worldwide including the UK.
  • EHR and health software company PointClickCare Technologies acquired post-acute care management company QuickMar. 

1. EHealth Market Overview
    1.1 Definitions and Scope
2. EHealth Market Executive Summary
    2.1 Key trends by Type 
    2.2 Key trends by Service
    2.3 Key trends by Geography
3. EHealth Market Landscape - Comparative Analysis 
    3.1 Market Share Analysis
    3.2 Service Benchmarking
    3.3 Patent Analysis
    3.4 Top 5 Financials Analysis
4. EHealth Market – Startup companies Scenario Premium (Premium)
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Size of Service
        4.1.4 Venture Capital and Funding Scenario
5. EHealth Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 End User Analysis
6. EHealth Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. EHealth Market - By Strategic Analysis 
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Service Life Cycle/Market Life Cycle Analysis
8. EHealth Market – By Type
    8.1 Electronic Health records
    8.2  e-Prescribing
    8.3  Health Information System
    8.4  Telemedicine
    8.5  Clinical Decision Support Systems
    8.6  Others
9. EHealth Market- By Service
    9.1 Remote Monitoring Services
    9.2 Diagnosis & Consultation Services
    9.3 Healthcare Systems Strengthening Services
    9.4 Others
10. EHealth Market- By End User
    10.1 Hospitals
    10.2 Insurance Companies
    10.3 Healthcare Consumers
    10.4 Others
11. EHealth Market -  By Geography
    11.1 North America 
        11.1.1 U.S. 
        11.1.2 Canada 
        11.1.3 Mexico    
    11.2 South America 
        11.2.1 Brazil 
        11.2.2 Argentina
        11.2.3 Peru
        11.2.4 Colombia 
        11.2.5 Rest of South America
    11.3 Europe 
        11.3.1 U.K 
        11.3.2 Germany 
        11.3.3 Italy 
        11.3.4 France
        11.3.5 Spain
        11.3.6 Rest of Europe
    11.4 APAC
        11.4.1 China 
        11.4.2 Australia 
        11.4.3 India
        11.4.4 Taiwan
        11.4.5 Malaysia
        11.4.6 Rest of APAC
    11.5 Middle East& Africa 
        11.5.1 Africa
        11.5.2 Saudi Arabia
        11.5.3 Rest of Middle East and Africa 
12. EHealth Market- Entropy
13. EHealth Market - Industry / Segment Competition landscape Premium (Premium)
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Key companies
        13.1.2 Market Share by Region- Key companies
        13.1.3 Market Share at global level- Key companies
        13.1.4 Best Practices for companies
14. EHealth Market - Key Company List by Country Premium (Premium)
15. Company Profiles (Overview, Financials, Developments, Product Portfolio)
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"