Global E-Health Market to Expand at a Impressive CAGR of 14.56% and to reach USD 244 billion by 2022

Summary

Orbis Research Present’s Global E-health Market by Segmentation, Competitive Landscape, Company Profiles, Trends, anfd Growth Forecast Outlook to 2022.

Description

The Global E-Health Market is estimated at USD 124 billion in 2016 and is projected to reach USD 244 billion by 2022, growing at a CAGR of 14.56% during the forecast period.

Despite, decades of effort by various international organizations and national governments, the programming goal of WHO – “Health for all” is far from being achieved. People from remote locations and those belonging to the marginalized communities suffer the most and have not been able to avail basic healthcare services, till date. But with the use of Information & Communication Technology (ICT) in healthcare, this situation can be overcome. For ICT to be implemented, an infrastructural support comprising of better internet connection and electronic system (such as the computer, mobile, etc.) are required. Growth in the number of internet users, and mobile and computer users, globally, have been driving the adoption of ICT in all sectors, including healthcare.

The ability of e-Health solutions to provide cost-effective healthcare delivery, public health, research and health-related activities that can benefit, both low and high-income countries, has led to WHO promoting e-Health services. Urging member states to consider drawing up a long-term strategic plan for developing and implementing e-Health services in various areas of the health sector, is one of the other factors that will contribute to growth in the sector.

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Drivers

Growth in Internet of Things (IOT) and advancement of technology, along with growing demand for population health management and the need to cut healthcare cost, including clinical, financial and administrative, has led to soaring demand for e-Health solutions, globally. Information & Communication Technologies (ICT) are powerful instruments/assets, especially in the healthcare system. Adoption and advancement in ICT, growing number of mobile and internet users, miniaturization and declining costs of sensors and other devices are other key drivers of this market.

Restraints

Fraudulent activities, privacy and security concerns, usability problems, among others, are considered to be factors that will hinder the growth of the e-Health market. Interoperability also poses a significant challenge to the growth of this industry and if not solved, as early as possible, the aim of implementing E-health would be defeated.

Market Segmentation

The global e-Health market can be segmented by –

Type of Service

Clinical Service

Financial Service

Administrative Service

End-User

Geography

Currently, North America is the largest market, globally, followed by Europe; while APAC is the fastest growing segment. The global e-Health market can be segmented by type of service into clinical (e-Health record, e-Medical record, e-prescribing, smart wearable, clinical decision support system, laboratory information system, VNA & PACS, health information exchange, telemedicine, mHealth, and others), financial (healthcare revenue cycle management and healthcare asset management), administrative (healthcare database management systems and e-learning systems), by end-user (healthcare organizations (hospitals, laboratories, and clinics), insurance companies, pharmaceuticals, biotechnology, government organizations, patients/ individuals) and by geography (North America, Europe, Asia-Pacific, the Middle East and North Africa (MENA) and Latin America).

Some of the key players in the global market are –

IBM

GE Healthcare

Allscripts Healthcare Solutions

Cerner

CompuMed

Apple

Boston Scientific Corp

Athenahealth

CureMD

eClinicalWorks

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Key Deliverables

Market analysis for the global e-health market, with region specific assessments and competition analysis.

Market definition along with the identification of key drivers, restraints opportunities and challenges.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.

Identification and analysis of the macro and micro factors that affect the global e-health market.

Insights of the market in the regions that have the highest potential for growth and also identify the markets that are still untapped.

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