DUBLIN--(BUSINESS WIRE)--The "eHealth Market by Product, Services and End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global eHealth market is projected to reach USD 132.35 billion by 2023 from USD 47.60 billion in 2018, at a CAGR of 22.7% during the forecast period.
The factors expected to drive the market include the need to control the growing healthcare costs, growing geriatric population, high prevalence of chronic disorders, increasing eHealth initiatives for the implementation of eHealth solutions, and growing demand for effective management of patient records. However, the reluctance among medical professionals to adopt advanced eHealth solutions and high-cost of deployment and maintenance of eHealth solutions may hinder the growth of the eHealth market to some extent.
On the basis of products and services, the eHealth market is segmented into eHealth solutions and eHealth services. The eHealth services segment is expected to register the highest CAGR during the forecast period. Factors such as the rising demand for online medical consultation, the widespread preference of patients for home healthcare and rehabilitation due to the convenience of these services, regulatory support, and the use of telecommunication and multimedia technologies combined within mobile and wireless healthcare delivery systems are the reasons propelling the growth of this market.
Based on end user, the global eHealth market is segmented into healthcare providers, pharmacies, healthcare payers, healthcare consumers, and other end users. In 2017, the healthcare providers segment dominated the eHealth market. The large share of this end-user segment is mainly due to the rising government initiatives to enhance and scale-up the use of eHealth in hospitals and clinics, increasing healthcare reforms, the need to improve patient care while increasing operational efficiencies, and improving hospital infrastructure in emerging geographies.
North America accounted for the largest share of the eHealth market, followed by Europe, Asia Pacific, and the Rest of the World. However, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. Factors such as the large patient population, especially in China and India, growing per capita income, increasing investments in the healthcare industry by key market players, and rising awareness about advanced technologies are driving the growth of the APAC eHealth market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global eHealth Market, By Product & Service
8 Global eHealth Market, By End User
9 eHealth Market, By Region
10 Competitive Landscape
11 Company Profiles
- Cisco Systems
- Epic Systems
- GE Healthcare
- Optum (A Subsidiary of Unitedhealth Group, Inc.)
- Siemens Healthineers
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