Global eHealth Market By Type (Electronic Health Record (EHR), mHealth, Health Information Systems (HIS), Telemedicine, ePrescribing, and Other Types), By Service (Monitoring Services, Healthcare Strengthening Services, Diagnostic Services, and Other Services), By End-User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The eHealth market size is expected to be worth around USD 393.6 Billion by 2032 from USD 97.4 Billion in 2022, growing at a CAGR of 15.4% during the forecast period from 2023 to 2032.

The eHealth is known as the administration of a healthcare organization with (ICT) information & communication technology. Telemedicine, EHR, and smartphone applications come under the (ICT) information & communications technology.

It is possible to store the data electronically relating to the patients, hospital staff, as well as hospital finances with telemedicine assistance. Telemedicine can also aid in improving patient care. This resulted to a change in methods used to store medical care information. In both low-income and high-income countries, eHealth offers cost-effective healthcare delivery.

As a result, the (WHO) World Health Organization is promoting eHealth and urging the member states to implement a strategic plan for the digital health service’s deployment in the healthcare sector, thereby supporting the growth of the eHealth market.

*Actual Numbers Might Vary In The Final Report

Key Takeaways

• Market Overview: The eHealth market is expected to reach USD 393.6 billion by 2032, growing from USD 97.4 billion in 2022, at a CAGR of 15.4% from 2023 to 2032.
• eHealth Definition:
  • eHealth involves using Information & Communication Technology (ICT) for healthcare administration.
  • It includes telemedicine, Electronic Health Records (EHR), and smartphone applications.
• Types:
  • mHealth (mobile health) is the dominant segment, driven by smartphone penetration.
  • EHR is growing due to its adoption in many countries for improved healthcare quality.
  • The use of 3G and 4G enables fast healthcare delivery.
• Services:
  • Monitoring services hold the largest market share at 62.0% in 2022, driven by self-monitoring devices.
  • Diagnostic services are expected to grow significantly, aiding prompt patient diagnosis.
• End-Users:
  • Healthcare providers hold the largest market share (53% in 2022) due to improved data management.
  • Healthcare payers are expected to witness lucrative growth by reducing paperwork and expediting claim settlements.
• Drivers:
  • eHealth solutions help manage regulatory compliance and fulfill healthcare regulatory requirements.
  • Regulatory changes in the U.S., like the Affordable Care Act, have increased demand for eHealth.
• Restraints: Hesitancy among medical professionals in adopting eHealth due to lack of IT knowledge and perceived time-consuming operations.
• Opportunity: Increasing adoption of eHealth solutions in outpatient care settings, driven by cost reduction pressures.
• Trends: Growing government initiatives worldwide to support the use of eHealth solutions and services.
• COVID-19 Impact:
  • The pandemic accelerated the adoption of eHealth solutions, especially for remote care.
  • Increased R&D activities in eHealth due to the crisis.
• Regional Analysis:
  • North America dominates the eHealth market with a 39% revenue share in 2022.
  • The Asia Pacific is expected to grow significantly, driven by government support and a large population with unmet medical needs.
• Key Players:
  • The eHealth market is highly competitive with strategies like mergers, partnerships, and technological advancements.
  • Major players include Boston Scientific Corporation, Allscripts Healthcare Solutions, Koninklijke Philips, and more.

Type Analysis

The mHealth segment dominated the global eHealth market in 2022

Based on type, the market for eHealth is segmented into electronic health records (EHR), mHealth, health information systems (HIS), telemedicine, ePrescribing, and other types. Among these types, in terms of revenue, the mHealth segment is anticipated to continue its dominance over the forecast period with a significant CAGR. This noteworthy growth in mHealth can be highly attributed to the shifting of consumer preferences on account of an increasing demand for data services coupled with the rapidly increasing penetration of smartphones. Additionally, 3G and 4G-enabled the services such as video calling and high-speed data transfer to assists in the fast healthcare delivery.

The electronic health record (EHR) segment is projected to witness a considerable growth during the forecast period which can be attributed to the increase in the adoption of electronic health records (EHR) by several developing and developed countries. The EHR offers suitability for healthcare providers and improves healthcare quality in terms of quick access to patient records, provides clinical alerts, improved decision support, and real-time quality reporting. These benefits largely contribute to the increasing adoption of EHR worldwide.

Service Analysis

The monitoring services segment held the largest revenue share in 2022

By service, the market is further divided into monitoring services, healthcare strengthening services, diagnostic services, and other services. Among these services, the monitoring services segment accounted for the largest market share of 62.0% in 2022. Rising demand for self-monitoring devices which automatically monitor different physical activities, and vital signs and creates a database, that is expected to boost the segment growth.

The diagnostic services segment is anticipated to witness a significant growth rate during the forecast period with a noteworthy CAGR. Diagnostic services aid in offering connectivity to patients promptly, which supports in the diagnosis of several healthcare issues. This is the major factor expected to increase the demand for these services and to support the market growth during the forecast period.

End-User Analysis

The healthcare provider segment accounted for the largest share of the total market in 2022

Based on end-users, the market is segmented into healthcare providers, healthcare payers, healthcare consumers, and other end-users. Among these end-users, the healthcare providers segment held the largest revenue share of 53% of the global eHealth market in 2022. EHealth offers greater accessibility to healthcare professionals in terms of data management and patient workflow.

This is likely to boost the expansion of this segment in the coming years. The healthcare payer segment is anticipated to witness lucrative growth over the forecast period. The eHealth synchronizes all healthcare data, which results in a reduction of time required for the paperwork. In addition, it also assists in the faster settlement of claims. All such advantages are projected to positively drive the segment growth in the upcoming years.

Key Market Segments

Based on Type

• Electronic Health Record (EHR)
• mHealth
• Health Information Systems (HIS)
• Telemedicine
• ePrescribing
• Other Types

Based on Service

• Monitoring Services
• Healthcare Strengthening Services
• Diagnostic Services
• Other Services

Based on End-User

• Healthcare Providers
• Healthcare Payers
• Healthcare Consumers
• Other End-Users

Drivers

Increasing need for management of regulatory compliance by using eHealth solutions to boost market growth

Over the past years, there had been a several advancements in the sector of healthcare IT, that had transformed the various eHealth services and solutions into the profitable and successful alternatives to the manual procedures for managing the complicated tasks. The healthcare IT systems offer the numerous benefits as well as capabilities for handling compliance risks and fulfilling the stringent regulatory requirements.

The changes in regulatory requirements in the healthcare industry are resulting in a standard shift in eHealth market. As the eHealth tools are significant way to attain the required quality of goals while reducing the costs, their demand is predicted to rise among the various stakeholders in upcoming years.

In the United States, the Patient Protection and Affordable Care Act has resulted in the restructuring of private insurance, Medicaid, and Medicare programs. Because of these changes, the significant use rules of the (ARRA) American Recovery and Reinvestment Act and the (HITECH) Health Information Technology for Economic and Clinical Health Act have made the adoption of EMRs mandatory to increase the data interoperability.

Restraints

Hesitancy among medical professionals for adoption of advanced eHealth solutions to hamper the market growth

eHealth solutions & services aids in active management of non-clinical and clinical tasks in healthcare organizations. Still, their efficient usage is mostly dependent on the willingness of the end users, such as the healthcare professionals, to move from outdated paper-based patient records towards the electronic solutions. Currently, the majority of healthcare providers (especially in the developing countries) are hesitant regarding the use of eHealth solutions, due to the lack of IT knowledge.

Several medical professionals are less skilled of the technology required to operate the advanced healthcare IT solutions and consider creating, using, and maintaining electronic systems a time-consuming task. Furthermore, they feel that the use of these solutions is a time-consuming task and has limited or no clinical benefits. As a result, it causes reluctance among the healthcare professionals in adoption new and innovative healthcare IT solutions.

Opportunity

Increasing use of eHealth solutions in outpatient care facilities

In response to increasing pressure on the healthcare systems to lower the cost of care, a number of healthcare organizations are being focused on the introduction of specialized outpatient services. The preferential shift towards an outpatient care model is expected to increase the adoption of eHealth solutions, as they offer a suitable way of delivering specialized outpatient services. These solutions provide the ease of access to integration and appointments among the healthcare providers for a holistic response to healthcare delivery.

Additionally, these solutions help the physicians to address the patient’s needs (for access) and allow for remote monitoring of the patient health. Due to these benefits associated with eHealth solutions, several federal bodies are actively supporting the deployment of eHealth solutions in outpatient care settings. Furthermore, owing to the benefits of web-based management for the constant care, a majority of individuals are now shifting towards the outpatient care needs.

Trends

Increasing government initiatives to support the utilization of eHealth Solutions & Services

(EMC) Electronic medical coverage, (EHRs) electronic health records, (EMRs) electronic medical records, (PACS) picture archiving communication systems, and telemedicine are some examples of the eHealth solutions & services that are experiencing a significant increase in adoption among the healthcare providers. This high adoption is mainly influence by improvement in the management of the delivery of medical care services and public health systems. Additionally, the governments are initiating the campaigns to enhance the use of eHealth services & solutions. The application of ICT in “citizen empowerment through information dissemination” and “reaching services to citizens” considerably improves public healthcare services.

Several eHealth initiatives utilizing the ICT has been implemented throughout the country by (MoHFW) Ministry of Health and Family Welfare to upsurge the efficacy of healthcare delivery, provide higher quality care at a lower cost and extend the healthcare services to rural areas. Hence, the expansion of the global eHealth market is anticipated to expand significantly in the coming years owing to an increase in government initiatives.

Regional Analysis

North America dominated the global eHealth market with highest revenue share

Based on region, the global eHealth market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America held the highest revenue share of 39% in 2022 and dominated the market. This growth can be attributed to the higher availability of supportive infrastructure and advance technologies, as well as high-speed internet.

The Asia Pacific is projected to grow at the significant CAGR over the forecast period because of the increase in government support to improve the healthcare infrastructure. Moreover, the existence of a large population suffering from chronic diseases and also the high unmet medical needs of the individuals are the major factors predicted to fuel the regional market growth during the forecast period.

Key Regions

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

The market for eHealth is highly competitive due to presence of emerging key players in the market globally. The market expansion is supported by the strategic implementations of major market players for the portfolio development. Some of the strategies that prominent players implement are the mergers & acquisitions, partnerships, collaborations, advancement in technology, new innovations, and new launches. This forms the competitive landscape in global market thereby propelling the market growth.

Listed below are some of the most prominent eHealth market players.

Market Key Players

• Boston Scientific Corporation
• Allscripts Healthcare Solutions, Inc.
• Koninklijke Philips N.V.
• Athenahealth, Inc.
• Cerner Corporation
• CompuMed, Inc.
• IBM healthcare
• Medisafe Limited
• SetPoint Medical Corporation
• Telecare Corporation
• Motion Computing, Inc.
• Doximity, Inc.
• Other Key Players

Key Industry Developments

• In September 2022, the GE Healthcare collaborated with seven startups named xWave (UK), Alertive (UK), Clinithink (UK), Idoven (Spain), Nurea (France), Metalynx (UK), and KOSA AI (Netherlands) to drive and accelerate the digital healthcare transformation in the partnership with innovation of organization named Wayra UK. This collaboration will likely aid the GE Healthcare to increase the reach to audience and transform the digital healthcare system.
• In May 2021, the MediTelecare introduced MediTely, a direct-to-consumer mobile technology, that was especially designed for the group of aged individuals.

Report Scope