Global EHealth Market- Current Trends, Demand, Key Players, Opportunity Assessment, Risk Analysis, SWOT Analysis, Driving Factors, Market Data, Y-O-Y Growth Rate, Statistics, Industry Forecast 2030

Global eHealth Market Overview

Artificial Intelligence in the healthcare market is anticipated to hit USD 6.15 billion by 2020. Nature of EHealth market has high potential but slow uptake. Health insurer Cigna Corp. ponies up USD 250 million to invest in data, analytics and EHealth targeting promising startups and growth-stage companies that are unlocking new growth possibilities in healthcare. Recently, Egypt-based Vezeeta, a EHealth platform, has raised USD 12 million in Series C funding. Likewise, Northwell Health sees a USD 500,000 investment in a EHealth startup to prevent more expensive and complicated patient engagement problems. 

Global eHealth Market Segmentation

eHealth Market, By Type

• Electronic Health Record (EHR)
• e-Prescription
• Clinical Decision Support
• Telemedicine
• Consumer Health Informatics
• Health Management
• mHealth
• Healthcare Information System

eHealth Market, By Service

• Monitoring Services
• Diagnosis Services
• Others (Healthcare System Strengthening, etc)

Data Forecast & Analysis (Historical, Current & Forecast)

EHealth Market size was valued over USD 65.23 billion in 2017 and the opportunity in this market is anticipated to rise at a CAGR of 30.0% in the forecast period (2017 to 2030). Currently, 90% of life sciences and 95% of technology companies are planning to increase their investment in EHealth while 57.5% of life sciences companies see partnering as the best way for entering and succeeding in EHealth. Also, 61.6% of technology and 52.1% of life sciences companies see Merger & Acquisition as an attractive route for entering and succeeding in EHealth, though 86.7% of them consider EHealth assets are overvalued.

Market Dynamics (Challenges, Trends & Drivers)

Challenges: The investment optimism is tempered by fuss over the continuing lack of awareness of available services among patients and consumers is one of the biggest obstacles to the broader use of EHealth services and devices. The second-highest obstacle is also related to consumers citing a lack of digital awareness among older patients.

Drivers: Powerful force pressing for these new technologies is coming from insurance companies using data collection to encourage people to adopt healthier lifestyles and subscribe to preventive healthcare packages. However, individuals won’t be covered by insurance unless they participate in preventive healthcare, this could become a very effective tool for promoting behavior change. mHealth Market  is still in the infant stage but with the increase in digital awareness & convenience caused to patients will lead to the growth of ehealth & Digital Healthcare Market. 

Trends: Video visits, wearable & mobile devices are quickly becoming a ubiquitous part of the healthcare system. Telemedicine use has risen to an adoption rate of 70.5%. mHealth is currently in its infancy, in a way it is still a “Wild West”, there are more than 2,50,000 health apps being used by the patients, worldwide.

Value Chain Analysis

Executives at top hospital systems consider supply chain as a top priority. Supply chain costs are the second largest expense i.e. around 30% for healthcare providers, after employee salaries and benefits i.e. around 50%. In managing inventory, annual waste is approximately USD 5 billion in expensive medical devices and equipment, therefore, by reducing supply chain waste, hospitals can reduce overall costs and deliver better quality of care for patients.

Key Market Players

Major players of global eHealth market are:

• Allscripts
• Athenahealth
•  Cerner
•  Cisco Systems
•  CitusTech
•  E Healthcare
•  Epic Systems
•  Health Catalyst
•  IBM
•  Mckesson
•  Medtronic
•  Optum
•  Oracle
•  Philips
•  Siemens Healthineers
•  Verscend
•  Wipro.

RightPatient and Caradigm entered into a partnership to provide their customers with a unique bundle of healthcare solutions for cloud-based biometric patient identification and single sign-on.

Regional Scenario

Asia-Pacific region is expected to be a key region in the EHealth market. China’s market generated large growths in the overall global market, reaching USD 18.6 million in 2017 owing to the emergence of the EHealth market which is expected to elevate the potential of big data and analytics and transform the patient specific healthcare market. In terms of spending on EHealth technology, North America dominated the EHealth market with over 52.5% share in 2017.

Following questions answer can be derived from this report:

• What are the major market drivers, challenges, trends and opportunities in the global EHealth market?
• How will each segment of the global EHealth market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2030?
• What are the influencing factors that may affect the market share of the leading players?
• How will the industry evolve during the forecast period 2017- 2030?
• What are the key developments and strategies that are implemented by the key players to sustain in this market?
• What are the key application areas of the global EHealth market? How are EHealth employed in different areas of application?
• Who are the key players in the global EHealth market, and what are their contributions?
• What is the scope of expansion by the key players of the global EHealth market in Asia, Latin America, and the Middle East & Africa?
• What are current trends in telemedicine market along with telemedicine statistics 2017?
• How current market trends are going to affect US telemedicine market size?