The global eHealth market was valued at USD 147.7 billion in 2023 and grew at a CAGR of 8.48% from 2024 to 2033. The market is expected to reach USD 333.33 billion by 2033. The increasing demand for digital healthcare management systems will drive the growth of the global eHealth market. The increasing use of patient-focused, digital care technologies is a major force behind expanding the global eHealth market. This growth is fuelled primarily by hospitals and patients' growing interest in digitally-based healthcare products and services digitally based. E-health platforms have rapidly drawn widespread attention worldwide due to their ease of accessibility for health professionals around-the-clock, driving demand for services like consultation and education. Additionally, the rising adoption of smart devices and the increased number of smartphone users have fostered growth within this sector globally.

Market Introduction:

According to the WHO, the cost-effective and secure application of information and communication technology in support of health and health-related sectors is known as eHealth. eHealth integrates IT with health care services, surveillance, education, knowledge, and research. With simple, quick, and easy access to patient information, eHealth is a great tool for storing patient data and assisting doctors in making better decisions. The capacity to manage personal data gives patients security and gives them control over its transfer and shareability. Users of eHealth can also communicate with other people or their doctors using text, voice, video, and other sorts of data. It can create reminders for taking medications and tests and plan remote monitoring appointments and routine exams. Time is saved, and efficiency is increased with eHealth. Additionally, it raises health consciousness, which over time lessens the burden of disease. Administrative load is lessened via eHealth. It can halt unnecessary interventions or diagnoses by improving communication among healthcare organisations. E-health can potentially reduce costs for regulatory agencies, patients, and healthcare providers.

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Recent Development

• June 2023 - To construct healthcare enterprises from the ground up and increase the affordability and accessibility of high-quality healthcare in India, 2070 Health, India's first healthcare venture studio, secured $30M from W Health Ventures. A pioneering platform for venture creation is being developed by 2070 Health by a team of seasoned cross-functional experts, experienced and mission-driven founders, and deeply validated and de-risked venture ideas. The platform gives founders a better chance of success than if they tried to accomplish this by enabling them to test, launch, and iterate on their ideas quickly. Numerous businesses have successfully digitalized traditional healthcare workflows in recent years, creating platforms that make it easier to plan appointments with doctors, conduct tele-visits, use e-pharmacies and diagnoses, and navigate surgeries.
• January 2023 - In preparation for its upcoming role as a Qualified Health Information Network, eHealth Exchange announced that it will collaborate with the Consortium for State and Regional Interoperability, which includes the biggest nonprofit health data networks in the U.S. eHealth Exchange, one of the largest and oldest health information networks in the country, adds 13 years of expertise to its intended QHIN status under the Trusted Exchange Framework and Common Agreement, or TEFCA, of the Office of the National Coordinator for Health IT. A QHIN with a significant national footprint will be made possible by cooperating with TEFCA.

Market Dynamics:

Drivers

The increasing demand for digital healthcare management systems – the covid-19 pandemic highlighted the inadequacies in the national healthcare systems of even the most developed countries. The lack of hospital beds, medicines, vaccines etc., led to millions of preventable deaths. The failure of healthcare systems prompted the fiscal authorities and other stakeholders to facilitate reforms to improve the healthcare infrastructure and the overall ecosystem to meet the rising healthcare demands. Automation and digitization are revolutionizing healthcare to improve efficiency and patient outcomes and meet the goal of timely and universal healthcare for all. Digital healthcare systems are being deployed to consolidate, streamline and standardise the healthcare system. For instance, Digital tools give professionals a more comprehensive view of patient health and give individuals greater control over their health. Digital healthcare management systems have helped Healthcare organisations improve worker satisfaction and patient care and enable better and quicker diagnostics by implementing cutting-edge tech solutions. It also enables expanding healthcare solutions to reach the last mile. It reduces costs for patients and providers. Therefore, the increasing demand and adoption of digital healthcare management systems will bode well for the market's growth.  

Restraints:

The lack of infrastructure – underdeveloped and developing nations lack the IT infrastructure to expand the eHealth market. The low internet penetration or poor-quality data connectivity has stalled eHealth adoption. The lack of data literacy in these nations also contributes to the market's limited growth. Additionally, the structural complications with the dearth of qualified professionals to operate the eHealth components are hampering the market's growth.

Opportunities:

The introduction of AI, IoT and 5G technologies – the industry 4.0 decade is associated with using technology to automate and digitize the economy. The same is being witnessed in the healthcare industry. The healthcare industry has an unexploited potential that has encouraged market players to invest money in technological advancements and product innovations that can be employed against lucrative prospects. Concepts like data analytics, cloud computing, the Internet of Things, and artificial intelligence are becoming increasingly common as technology develops quickly. It is possible that the adoption of these cutting-edge technologies in the healthcare sector would revolutionise the field and increase productivity, efficiency, and patient outcomes. It will lower costs and meet the expanding demand for healthcare. AI technologies may assist healthcare organisations in making the most of their data, resources, and assets by analysing data patterns, which increases efficiency and enhances the performance of clinical and operational workflows, processes, and financial operations. Therefore, during the forecast period, the technical developments in AI, AR, big data, IoT, and cyber-security will all impact the market's growth and development.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global eHealth market, with a 43.2% market revenue share in 2023.

The well-established and mature IT industry with the necessary infrastructure offering high-speed internet to the users in the region is driving the market's growth. The increasing awareness about eHealth and the promotion of the same by the significant number of market players present in the region will bode well for the market. Several surveys have concluded the adoption of eHealth applications by residents of the US and Canada, given the convenience and ease it offers.

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• December 2022 - The eHealth Exchange Hub platform just started handling 1.35 billion inbound information requests each month, making it one of the largest health information networks in the country that connects government organisations and healthcare providers. The largest public healthcare programmes in the country are part of the countrywide eHealth Exchange network, which is connected to 61 regional or state health information exchanges (HIEs) and runs in 75% of all U.S. hospitals. As a result, based on longitudinal data, the eHealth Exchange is assisting healthcare providers nationwide to create a more complete picture of patient health.

Product type Segment Analysis

The product type segment is divided into services and solutions. The solutions segment dominated the market, with a market share of 63.1% in 2023. The eHealth solutions contain a variety of options, each defined for a particular object. It includes Electronic Health Records, which acquire patient data, store and transfer it with patient consent whenever required and streamline diagnosis and treatment. Radiology information systems, Vendor Neutral Archive (VNA) picture archiving and & Communications Systems(PACS), and Laboratory Information Systems (LIS) help consolidate findings in the diagnosis stage, thereby improving patient outcomes. Pharmacy information systems improve ease, convenience and access to medicine for users. Medical Apps facilitate virtual consultation and reduce hospitalization rates with timely interventions. eHealth solutions save time and money, improve efficiency and patient outcomes, reduce administrative burden and facilitate innovation. It improves health awareness and improves the overall community health. The presence of significant market players offering these solutions as third-party service providers, along with their expertise and round-the-clock maintenance, has driven the segment's growth.

• June 2023 - EpiCapture and MedWrite have been selected as the winners of Dundalk Institute of Technology's second eHealth Embark programme to boost digital health. Both start-ups were praised for their exceptional potential to advance digital health innovation and offer distinctive solutions for healthcare issues across international markets. Up to USD 70,000 in Amazon Web Services (AWS) credits will be given to EpiCapture, which creates liquid diagnostics for precise, non-invasive cancer detection and surveillance.

Deployment type Segment Analysis

The deployment type segment is divided into cloud and on-premises. The cloud segment dominated the market, with a market share of 68.2% in 2023. The cloud is accessible over the Internet. It can be remotely accessed and offers access control with the highest safety and security technologies deployed within the system. The network is a distributed group of servers. Cloud is scalable, flexible and reliable. It is cost-effective, which is the primary reason driving its dominance in the market. The system cannot be physically damaged and can be accessed and operated even during emergencies restricting physical access to healthcare spaces. Cloud optimizes space. Data backup and customizable features can improve resource allocation.

End-user Segment Analysis

The end-user segment is divided into healthcare providers, patients, health insurance providers, pharmaceutical companies, app companies and others. The healthcare providers segment dominated the market, with a market share of 40.4% in 2023. The automation and digitization of the healthcare sector are growing. Both public and commercial players are utilising technology's promise for the healthcare sector. Healthcare providers use wearables, gadgets, and medical applications in various contexts to accomplish various goals. It is utilised to improve efficiency, service delivery, cut downtime, and streamline administration. It gathers, processes, maintains, and preserves health records to make patient care and policymaking easier to access. It also enhances departmental collaboration and cooperation To improve patient outcomes. Additionally, they are using it to educate and raise awareness.

Some of the Key Market Players:

• Allscripts Healthcare Solutions, Inc
• Athenahealth, Inc,
• Cisco Systems Inc
• International Business Management Corporation
• Koninklijke Philips N.V
• Medtronic Plc
• Motion Computing Inc.
• Siemens AG
• Teladoc Health, Inc.
• UnitedHealth Group Inc.

Report Description: