The eHealth market will reach $ 230.64 billion at 14.5% by 2027 CAGR: Allied Market Research

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.

Covid-19 script-

  • 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 .

Industry leaders-

  • 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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We have also published several syndicated market studies in a similar field that might interest you. Below is the title of the report for your reference, taking into account the impact of Covid-19 on this market to help you assess the effects of the pandemic on the short-term and long-term growth trends of this market.

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Allied Market Research (AMR) is a comprehensive market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global companies, as well as small and medium-sized enterprises, with the unsurpassed quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their market area.

We are in a professional corporate relationship with various companies and this helps us to extract market data that help us to generate accurate research data tables and confirm the ultimate accuracy in our market forecasting. CEO of Allied Market Research Pawan Kumar it is key to inspiring and encouraging everyone associated with the company to maintain high quality data and help clients in every possible way to achieve success. All the data presented in the reports we published were extracted through primary interviews with the top officials of the leading companies in question. Our secondary data acquisition methodology includes in-depth online and offline research and discussion with industry experts and analysts.


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