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e-health is an emerging field in the intersection of public health, medical health, and business which refers to health services and information to be delivered or enhanced through the internet. Its a global way of thinking to improve healthcare locally, regionally, and worldwide followed by the use of information and communication technology. The gradual shift to digital healthcare system for analysis and management of patient health, increasing cases of chronic diseases, ever-increasing number of mobile and internet users, growing demand for population health management, necessity to cut healthcare expenses and increasing number of launches in this field by key market players are some of the factors that are expected to fuel the global e-health market during the forecast period. For instance, in April 2019, CFC, a specialist insurance provider, announced that its e-health insurance product is now available to digital healthcare organizations worldwide including the UK.
Key Market Driver -
The gradual shift to digital healthcare system for analysis and management of patient health, increasing cases of chronic diseases
Key Market Restraint -
Fraudulent activities, usability problems associated with the e-Health services
The gradual shift to the digital healthcare system for analysis and management of patient health, increasing cases of chronic diseases, the ever-increasing number of mobile and internet users are some of the factors that are driving the market growth.
However, fraudulent activities, usability problems, privacy and security concerns associated with e-Health services are likely to decline the growth of the e-Health market.
By type, the market can be segmented into e-Health solutions and e-Health services. By e-Health solutions, the market can be further segmented into EHR/EMR solutions, radiology information systems, laboratory information systems, pharmacy information systems, cardiovascular information systems, and others. By e-Health services, the market can be further segmented into remote monitoring services, diagnosis and consultation services, healthcare systems strengthening services, and database management services. By end-users, the market can be segmented into hospitals, ambulatory care centers, home healthcare agencies, nursing homes, and assisted living centers; pharmacies; and others.
Geographically, the e-Health market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The major companies in the global e-Health market report include Cerner Corporation, McKesson Corporation, Allscripts Healthcare, LLC., atenahealth, CitiusTech Inc., Cisco Systems, Inc., Health Catalyst., and other prominent players.
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The global e-Health market is expected to be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to lead the global e-Health market due to the rising demand for e-Health, the growing demand for population health management, and the necessity to cut healthcare expenses in this region. Europe is likely to have the second-largest market share owing to the increasing government funding for advanced healthcare facilities. Asia Pacific is expected to witness growth with the highest CAGR during the forecast period due to the awareness about the advanced technologies among the people and the high demand for e-health and an increasing number of launches in this field. On the other hand, Latin America and the Middle East and Africa are projected to have a lucrative growth in the e-health market in the upcoming years.
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