eHealth Market

Market Definition

e-health platform offers medical informatics related to health services and information delivered through the Internet and related technologies. eHealth applications are software and services that transmit, manage, record or store information used in the delivery of healthcare treatment, record keeping, and payment.

Market Dynamics

Increasing government initiatives for the use of eHealth programs and solutions is boosting the market growth. For instance, The U.S. government has introduced MyHealthEData Initiative to Put Patients at the Center of the US Healthcare System. MyHealthEData empowers patients by providing them control of their healthcare data and allowing them to follow through their healthcare journey. The MyHealthEData initiative also helps to share their data, making the patient the center of the healthcare system. Additionally, India and the Netherlands government have introduced plans for the e-health sector, with the aim of providing digital health facilities and security to the Indians. The aim of the program is to improve care quality and provide better access to healthcare, using analytics, aggregated and anonymised data mining. Further, the shortage of healthcare professionals is a key driving factor of the market. The use of health IT could help address regional shortages of healthcare professionals by potentially enabling 12% of care to be delivered remotely or asynchronously. The estimated impacts could more than double if comprehensive health IT systems were adopted by ambulatory care delivery settings. However, the risk of data security might hamper market growth. eHealth helps to provide medical through the Internet and related technologies. Cybercriminals can hack into e-health solutions and compromise the Personal Health Information (PHI) of both patients as well as doctors and can misuse data to create fake IDs to buy drugs and medical equipment, which they can sell later. Moreover, the growth of IoT in healthcare would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global eHealth market is mainly classified based on type and end-user. Type is further segmented into Telemedicine, Consumer Health Information, mHealth, Health Management, EHR, ePrescribing, Clinical Decision Support, and Others. By end-user, the market is divided into Hospitals, Insurance Companies, and Others. 

Based on type, Electronic Health Record (EHR) was dominating the eHealth market in 2020 attributed to the growing adoption rate of EHR by developed and developing nations, the collaboration between companies to introduce Electronic Health Record (EHR) solutions, and the launch of new Electronic Health Record (EHR) platform. EHR provides convenience for healthcare providers by offering quick access to patient records, provides clinical alerts, improved decision support, and real-time quality reporting. For instance, MEDITECH has introduced the MEDITECH Cloud Platform, solutions that help healthcare organizations to further extend the possibilities of the Expanse Electronic Health Record (EHR). MEDITECH Cloud Platform offers Expanse NOW, High Availability SnapShot, and Virtual Care solutions, all created to work naturally in the cloud and are available through a subscription model.

Regional Analysis

Based on geography, the global eHealth market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided into the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America was dominating the global eHealth market in 2020 due to the high penetration of internet platforms, increasing use of connected devices & mHealth apps for the management of chronic diseases, development of innovative eHealth technologies, and agreement between companies to develop electronic health record (EHR) jointly. For instance, Northwell Health, New York State’s largest health system, and Allscripts have signed an innovative agreement to create the next-generation electronic health record (EHR). The cloud-based, voice-enabled, artificial intelligence-based EHR will be designed and tested by Northwell clinicians, information technology experts and administrators with the aim of ultimately deploying it systemwide.

Competitive landscape

Key players operating in the eHealth industry include GE Healthcare, Cerner, Philips Healthcare, IBM, Allscripts, Medtronic, Athenahealth, Epic Systems Corporation, Boston Scientific Corporation, and eClinicalWorks.

Increasing commercialization of eHealth platform, the partnership between companies to jointly develop eHealth solutions, the rising launch of cloud-based eHealth platform, increasing investment by the companies for the development of mHealth solutions and the joint venture between companies for investing and developing in eHealth platform are some of the strategies adopted by the major companies. For instance, Sanofi, Capgemini, Generali and Orange are planning to create a joint venture in France to fast-track the development of a digital ecosystem dedicated to e-health for the benefit of patients. The founding partners are planning an initial investment of 24 million euros in the new entity.

eHealth Market Key Segments:

By Type

• Telemedicine
• Consumer Health Information
• mHealth
• Health Management
• EHR
• ePrescribing
• Clinical Decision Support
• Others

By End-User

• Hospital
• Insurance Companies
• Others

Key Global eHealth Industry Players

• GE Healthcare
• Cerner
• Philips Healthcare
• IBM
• Allscripts
• Medtronic
• Athenahealth
• Epic Systems Corporation
• Boston Scientific Corporation
• eClinicalWorks

What Report Provides

• Full in-depth analysis of the parent Industry
• Important changes in market and its dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional growth potential