PORTLAND, Ore.,, April 8, 2021 / PRNewswire / – Allied Market Research has published a report entitled “E-Health Market by Type (HER); Neutral Vendor Archive (VNA), Image Archiving and Communication Systems (PACS); Laboratory Information Systems (LIS); Telehealth; Prescribing Solutions; Medical Applications; Clinical Decision Support Systems (CDSS); Pharmacy Information Systems; et al.) And End User (Healthcare Providers, Payers, Healthcare Consumers, and Others): Global Opportunity Analysis and Industry Forecast, 2019 . -2027. “According to the report, the global e-health industry is estimated at $ 74.47 billion in 2019, and is expected to hit $ 230.64 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027.
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Drivers, limitations and opportunities –
The sharp rise in government initiatives to use eHealth solutions and services, the increased need to manage regulatory compliance using eHealth solutions, the large population base and the subsequent increase in chronic diseases are driving the growth of the global eHealth market. On the other hand, the lack of qualified experts somewhat hinders growth. However, the untapped market in developing regions is expected to create a number of opportunities in the coming years.
- The covid-19 outbreak has increased demand for cloud-based solutions offered by e-health technology, significantly boosting market growth.
- For example, GE Healthcare has extended its long-term partnership with Microsoft to launch COVID-19 cloud-based patient monitoring software for healthcare systems.
The medical applications segment will maintain its dominance until 2027-
Based on the type, the medical applications segment accounted for about two-fifths of the global share of the eHealth market in 2019, and is expected to lead the way until 2027, due to increased demand for quality health services and solutions, increasing acceptance of mHealth practices -a, an increase in demand for improved patient safety and care, and an increase in government initiatives to promote health information technology (HCIT). The same segment would also grow with the fastest CAGR of 21.0% over the forecast period.
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Segments of health care providers to rule
Based on the wording, the healthcare provider segment contributed nearly three-fifths of global revenue from the eHealth market in 2019, and is expected to rule by 2027. This is due to increased demand for data accuracy to ensure patient safety through improved clinical outcomes, growth in health care reforms, and efforts in efforts to control health care costs. On the other hand, the healthcare consumer segment would also record the fastest CAGR of 16.2% from 2020 to 2027.
North America collected the largest share in 2019-
Based on geography, North America had the largest share in 2019, generating more than two-fifths of the global eHealth market. This is attributed to the favorable regulatory scenario, high adoption of HCIT solutions to reduce high health costs, regulatory requirements regarding patient safety and the presence of a large number of e-health companies in the region. Market wide Asia-Pacificon the other hand, it would record the fastest CAGR of 17.2% over the forecast period, due to government investment and reforms to modernize health systems, increase product launches, increase medical tourism, implement e-health programs and increase per capita income in the province .
- Athenahealth, Inc.
- Siemens Healthineers
- Cisco Systems, Inc.
- Allscripts Healthcare Solutions, Inc.
- International Business Machines Corporation (IBM)
- Koninklijke Philips NV
- InTouch Health
- General Electric Company (GE Healthcare)
- Medtronic plc.
- UnitedHealth Group (Optum)
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