eHealth - Market Insights, Competitive Landscape, and Market Forecast - 2030

eHealth Market By Product (Electronic Health Record (EHR), Health Information Systems (His), mHealth, Telemedicine, And Others), Service (Diagnostic Services, Monitoring Services, Health System Strengthening, And Others), End-User (Healthcare Providers, Healthcare Consumers, And Others) and geography is expected to grow at a steady CAGR forecast till 2028 owing to the increasing healthcare expenditure and strategic development activities by global bodies during the forecast period from 2023-2028.

The demand for eHealth is primarily being boosted owing to the increasing healthcare expenditure by countries, the rising focus on improving mass health, and strategic development activities by global bodies such as the World Health Organization (WHO), among others, during the forecast period from 2023-2028.

eHealth Market Dynamics:

In the global eHealth market, there have been significant advancements in the information technology field of healthcare, which have successfully changed the face of various eHealth solutions and services into profitable alternatives.

The use of IT and analytics in the healthcare sector provide several advantages and capabilities for fulfilling complex regulatory procedures. Along with this, the various advantages in the overall healthcare sector such as enhanced diagnosis, regular monitoring, maintaining of health records, in order to achieve the overall well-being of any social setting, their continuously increasing demand with reducing costs, is expected to increase in the upcoming years.

The eHealth market is expected to grow significantly as a result of increased eHealth knowledge and acceptance among healthcare professionals, in recognizing the effectiveness of this technology.

Moreover, recent developments in the eHealth market along with initiatives taken by key organizations is also expected to drive the market growth for eHealth in the upcoming years.

For example, in September 2023, the Massachusetts eHealth Institute at MassTech (MeHI) launched a new Digital Health Challenge focused on bolstering support for Women+ communities that brought together leaders across the Digital Health ecosystem to examine and tackle health-related issues faced by Women+, which included the needs of cisgender women and transgender or nonbinary individuals whose health needs relate to those of cisgender women.

The above-mentioned facts illustrate the rising adoption of eHealth platforms across the globe, which will lead to an increase in the demand for eHealth in the upcoming years.

Hence, the interplay of all the above-mentioned factors is anticipated to increase the overall market growth for eHealth during the forecast period from 2023 - 2028.

Nonetheless, it is anticipated that during the forecast period, increased security concerns and an increase in the need for a safe data privacy architecture would restrict the expansion of these services. Furthermore, the development of this business is anticipated to be constrained by the high cost of health IT tools and the absence of supporting infrastructure in poorer nations.

eHealth Market Segment Analysis:

EHealth Market By Product (Electronic Health Record (EHR), Health Information Systems (HIS), mhealth, Telemedicine, And Others), Service (Diagnostic Services, Monitoring Services, Health System Strengthening, And Others), End-User (Healthcare Providers, Healthcare Consumers, And Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the product segment of the eHealth market, the mHealth category is expected to amass a significant revenue share in the year 2022. This can be ascribed to the growing preference for mobile friendly applications and the various user-compatible features offered by mHealth, which is expected to propel the overall market during the forecast period.

Mobile devices, such as smartphones and wearables, are used to support healthcare delivery and management. mHealth applications include everything from fitness and wellness apps to remote patient monitoring and chronic illness management systems. With the widespread use of mobile devices, mHealth is revolutionizing the healthcare environment by offering individualized health solutions, encouraging patient participation, and allowing healthcare practitioners to collect real-time data.

Since most of the devices supported by mHealth are wearable, these gadgets and smartphone apps enable remote monitoring solutions, which empower patients to follow their health problems at home while also allowing healthcare providers to deliver prompt interventions and individualized treatment plans.

This segment's expansion is being driven by the demand for preventative care, early disease identification, and the convenience it provides to both patients and healthcare providers.

Moreover, the rising mHealth launches in the eHealth sector is also expected to boost the market demand for mHealth during the forecast period.

For example, in October 2023, Cedars-Sinai launched a new artificial intelligence-driven mHealth application for patients in California providing virtual care options for various clinical conditions.

The Cedars-Sinai Connect app provides 24/7 virtual access to healthcare professionals for urgent care and same-day appointments for primary care. Patients could use the app to access care for numerous conditions, including colds, headaches, anxiety, type 2 diabetes, wellness visits, and specialist referrals.

Therefore, the increasing preference for mHealth coupled with the recent launches in the eHealth market present a positive outlook among other product types in the eHealth market.

North America is expected to dominate the overall eHealth Market:

Among all the regions, North America is estimated to account for the largest share of the eHealth market in the year 2022. Owing to the region's well-established and mature IT industry, which has the requisite infrastructure to provide users with high-speed internet access, the eHealth market is expected to substantially grow during the given forecast period. The increased awareness of eHealth, as well as its promotion by a large number of market players in the region, among others in North America, it is expected to propel the overall market growth during the forecast period from 2023-2028.

Several surveys have indicated that inhabitants of the United States and Canada are increasingly adopting eHealth applications due to the convenience and comfort they provide.

The increasing number of product development activities in the region is further going to accelerate the growth of the eHealth market. For example, in August 2020, the eHealth Exchange, one of the major health information networks in the US that connects government agencies and providers, announced the first COVID-19 electronic case reporting (eCR) rollout with the Association of Public Health Laboratories (APHL) and OCHIN.

The eHealth Exchange network enabled the automatic generation and transfer of case reports from electronic health records (EHR) to the appropriate public health organizations, boosting accuracy while decreasing provider reporting obligations. OCHIN, the first eHealth Exchange network, has enabled case reporting across the United States in 20 states. OCHIN recognized the importance of using the eHealth Exchange to assist electronic case reporting requirements for communities disproportionately affected by COVID-19, as well as the enormous potential for population health through additional illness notifications using this public health reporting.

Thus, considering the presence of a large patient pool in the US coupled with new eHealth platforms for the public in order to improve mass health, the market for eHealth looks promising in North America.

Hence, all the above stated factors are likely to boost the eHealth market in North America during the forecast period (2023-2028).

eHealth Market Key Players:

Some of the key market players operating in the EHealth market include Athenahealth, Cerner Corporation, Allscripts Healthcare Solutions Inc., Doximity Inc., Epic Systems Corporation, General Electric Company, International Business Machines Corporation, Koninklijke Philips N.V., Medisafe Limited, Telecare Corporation, SetPoint Medical Corporation, Medtronic, IBM, Optum, Medhost, and others.

Recent Developmental Activities in the eHealth Market:

• In November 2023, a Kerala-based startup Versicles Technologies launched Prognosis, the kiosk, a first-of-its kind digital health kiosk to provide basic diagnostics like blood pressure, blood sugar and heart conditions instantly with utmost accuracy in multiple languages and at extremely low prices.
• In November 2021, Olive Diagnostics, an eHealth Ventures portfolio company, received regulatory approval and beginning product launch for their game-changing technology, the world's first optical sensor for passive urinalysis in real-time. The scientific innovation combined with the ease of at-home monitoring empowers patients to better understand and manage their health and wellbeing.
• In December 2019, eHealth Centers (eHCs) by Hewlett Packard Enterprise (HPE) collectively facilitated over 1 million patient visits across India. Offering a digital healthcare solution, the vast eHC network offers remote diagnoses free of charge in underserved communities, reaffirming HPE's long-term commitment to the country and its mission to advance the way people live and work.

Key Takeaways from the eHealth Market Report Study

• Market size analysis for current eHealth market size (2022), and market forecast for 5 years (2023-2028)
• Top key research and clinical developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
• Key companies dominating the global eHealth market.
• Various opportunities available for other competitors in the eHealth market space.
• What are the top-performing segments in 2022? How these segments will perform in 2028?
• Which are the top-performing regions and countries in the current eHealth market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for eHealth market growth in the coming future?

Target Audience who can benefit from this eHealth Market Report Study

• eHealth product and service providers
• Research organizations and consulting companies
• eHealth-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in eHealth
• Various end-users who want to know more about eHealth and its various products and services available in the market, along with the latest research developments in the eHealth market.

Frequently Asked Questions for the eHealth Market:

1. What is eHealth?
eHealth can be defined as those healthcare services supported by digital processes, communication or technology for carrying out processes such as remote monitoring, diagnosis, electronic prescribing, telehealth, maintaining Electronic Health Records, among others.

2. What are the drivers for the global eHealth market?
The demand for eHealth is primarily being boosted owing to the increasing healthcare expenditure by countries, the rising focus on improving mass health, strategic development activities by global bodies such as the World Health Organization (WHO), among others, during the forecast period from 2023-2028.

3. Who are the key players operating in the global eHealth market?
Some of the key market players operating in the eHealth market include Athenahealth, Cerner Corporation, Allscripts Healthcare Solutions Inc., Doximity Inc., Epic Systems Corporation, General Electric Company, International Business Machines Corporation, Koninklijke Philips N.V., Medisafe Limited, Telecare Corporation, SetPoint Medical Corporation, Medtronic, IBM, Optum, Medhost, and others.

4. Which region has the highest share in the eHealth market?
North America is expected to dominate the overall EHealth market during the forecast period from 2023-2028. Owing to the region's well-established and mature IT industry, which has the requisite infrastructure to provide users with high-speed internet access, the eHealth market is expected to substantially grow during the given forecast period. The increased awareness of eHealth, as well as its promotion by a large number of market players in the region, among others in North America, it is expected to propel the overall market growth during the forecast period from 2023-2028.


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