The global e-health market was valued at $74,476 million in 2019, and is projected to reach $230,640 million by 2027 at a CAGR of 14.5% from 2020 to 2027. The key factor driving the growth of the global e-health market includes extensive use of e-health software & information and communication technology (ICT) in healthcare sector to improve healthcare quality. Moreover, availability of infrastructure for implementation of e-health, increase in need to manage regulatory compliance through use of e-health solution, and safe & adequate storage of data augment the market growth. In addition, e-health reduces repetitive and costly primary research and data collection efforts, which notably contributes toward the growth of the global market,.
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E-health is the management of healthcare organization with the help of information and communication technology (ICT). ICT has been widely used in the form of medical health records, medical apps, and telemedicine. With the help of telemedicine, it is possible to electronically to store he data related to patients, staff, and finance of hospitals. This resulted in transformation in the means of storing healthcare data. Initially, data was recorded manually by the healthcare staff. On the contrary, single unique identification number is presently required to be entered, and all the data of the patient is available within seconds. E-health exhibits many advantages over conventional methods of clinical data management such as it prevents the use of manual records and provides timely access to patient data.
Furthermore, with fast and easy data sharing, e-health solutions foster collaboration among healthcare providers, while enabling to improve patient outcomes and increasing patient safety. Improved data transparency further helps to prevent unnecessary costs caused by duplicate examinations and additional administrative efforts and supports in optimizing resources that may otherwise be tied to fragmented IT and infrastructure maintenance. The global e-health market is segmented on the basis of type, end user, and region. By type, the market is bifurcated into electronic health records (HER); vendor neutral archive (VNA), picture archiving, & communications systems (PACS); laboratory information systems (LIS); telehealth, prescribing solutions; medical apps; clinical decision support systems (CDSS); pharmacy information systems; and others. By end user, the market is segmented into healthcare providers, payers, healthcare consumers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Moreover, automated and interoperable healthcare information systems are anticipated to improve medical care, reduce healthcare costs, increase efficiency, reduce error, and improve patient satisfaction, while optimizing reimbursement for ambulatory and inpatient healthcare providers.
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
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KEY BENEFITS FOR STAKEHOLDERS
? The study provides an in-depth analysis of the global e-health market along with the current trends and future estimations to elucidate the imminent investment pockets.
? The report provides a quantitative analysis for the period of 2019-2027 to enable stakeholders to capitalize on the prevailing market opportunities.
? Extensive analysis of the market by components helps to understand the various types of instruments used across geographies.
? Comprehensive analysis of all geographic regions is provided to determine the prevailing opportunities in these regions.
? Key market players have been profiled in the report and their strategies have been analyzed thoroughly to understand the competitive outlook of the global market.
? Extensive analysis of the market is conducted by closely following key product positioning, and monitoring the top contenders within the market framework.
KEY MARKET PLAYERS
– Allscripts Healthcare Solutions, Inc.
– Athenahealth, Inc.
– Cisco Systems, Inc.
– InTouch Health
– International Business Machines Corporation (IBM)
– General Electric Company (GE Healthcare)
– Medtronic Plc.
– UnitedHealth Group (Optum)
– Koninklijke Philips N.V.
– Siemens Healthineers
KEY MARKET SEGMENTS
By Type
– Electronic Health Records (EHR)
– Vendor Neutral Archive (VNA), Picture Archiving, & Communications Systems(PACS)
– Laboratory Information Systems (LIS)
– Telehealth
– Prescribing Solutions
– Medical Apps
– Clinical Decision Support Systems (CDSS)
– Pharmacy Information Systems
– Others
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By End User
– Healthcare Providers
– Payers
– Healthcare Consumers
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o Australia
o Japan
o India
o China
o Rest of Asia-Pacific
o
– LAMEA
o Latin America
o Middle East and Africa
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Some of the Key Questions Answered in this Report:
What is the Market dimension at the regional and country-level?
What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
What targeted method and constraints are keeping the Market?
What are the distinct sales, marketing, and distribution channels in the world industry?
What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
What are the key market tendencies impacting the increase of the Market?
Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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Competitive panorama which accommodates the market rating of the most important players, alongside with new service/product launches, partnerships, enterprise expansions, and acquisitions in the previous 5 years of businesses profiled
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