Press Release

North America to Dominate E-Health Market until 2025

Growing awareness among hospitals and clinics regarding the benefits provided by eHealth systems to drive the growth of global E-Health market

According to TechSci Research report, Global E-Health Market By Product (Electronic Health Records, ePrescribing, Clinical Decision Support, Telemedicine, Consumer Health Information, mHealth, Health Management, Information System), By Services (Monitoring, Diagnostic, Healthcare Strengthening), By End-Use (Hospitals, Home Healthcare, Payers, Pharmacy), By Region, Forecast & Opportunities, 2025, global E-Health market is expected to witness robust growth during the forecast period. Growing requirement to curtail escalating healthcare costs is one of the major factors accounting for the growth of global E-Health market. Moreover, shortage of healthcare professionals is expected to bode well for the growth of global E-Health market through the forecast period. In addition to this, increase in shift towards patient-centric healthcare delivery is expected to positively influence the growth of global E-Health market in the years to come. Also, integration of IoT and technological innovations in healthcare industry is making headway for the growth of global E-Health market. Along with this, supportive government funding is positively contributing to the market growth across the globe. Moreover, rising preference towards smartphone technologies and internet is anticipated to bolster the market growth in the coming years, which can be attributed to the fact that with the help of the internet, healthcare professionals can provide health related information to help consumers timely, in a more convenient way. Furthermore, upsurge in demand for population health management is expected to aid the market growth. As more and more people are getting aware about E-Health and efficiency of using this technology, this is leading to a high acceptance level among healthcare professionals, due to which the global E-Health market is projected to rev up during the next five years. However, there are certain factors such as lack of supporting infrastructure in developing region with the high cost of health IT tools might act as major impediments to the growth of global E-Health market during the forecast period.

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Global E-Health market can be segmented based on product, service, end user, company, and region. Considering the service, the market is fragmented into monitoring, diagnostic, healthcare strengthening. The monitoring segment dominated the global E-Health market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well. This is because of increasing demand for self-monitoring devices, which automatically monitor several physical activities and vital signs and generates a database associated with these activities.

Cerner Corporation, McKesson, Philips Healthcare, GE Healthcare, Allscripts, athenahealth, Epic Systems, IBM, Optum, Siemens Healthineers, Medtronic, McKinsey & Company, Allscripts Healthcare Solutions, Inc., Boston Scientific Corporation, are among others are the leading players operating in global E-Health market. The players are adopting several growth strategies to enhance the market scenario of E-Health. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen market position.

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“North America is forecast to dominate the global E-Health market during the next five years on account of availability of supportive infrastructure such as high-speed internet in the region. Furthermore, presence of large healthcare IT companies is also contributing to the growing trend. However, Asia-Pacific is anticipated to register highest CAGR over the years to come, which can be attributed to rise in government investments & reforms to modernize healthcare infrastructure in the region. In addition to this, surging medical tourism activities along with increasing implementation of eHealth programs in the region is further expected to bolster the growth of global E-Health market in the years to come.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global E-Health Market By Product (Electronic Health Records, ePrescribing, Clinical Decision Support, Telemedicine, Consumer Health Information, mHealth, Health Management, Information System), By Services (Monitoring, Diagnostic, Healthcare Strengthening), By End-Use (Hospitals, Home Healthcare, Payers, Pharmacy), By Region, Forecast & Opportunities, 2025 has evaluated the future growth potential of global E-Health market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global E-Health market.

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