The global E-Health Market was pegged at $74.47 billion in 2019 and is expected to hit $230.64 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027.
Ascend in government drives toward utilization of eHealth arrangements and administrations, flood deprived to oversee administrative consistence through utilization of eHealth arrangements, enormous populace base, and resulting ascend in the quantity of ongoing sicknesses fuel the development of the global e-health market.
The global E-Health Market was pegged at $74.47 billion in 2019 and is expected to hit $230.64 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027.
E-health is the delivery of healthcare using modern electronic information and communication technologies when healthcare providers and patients are not directly in contact and their interaction is mediated by electronic means. Among other things, the services that are thus provided include physical and psychological diagnosis and treatment, telepathology, vital signs monitoring, electronic prescribing, teleconsultation, and others. Furthermore, automated and interoperable healthcare information systems improve medical care, minimize healthcare costs, reduce manual errors, and enhance patient satisfaction, while optimizing reimbursement for ambulatory and inpatient healthcare providers.
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Covid-19 scenario-
- The outbreak of the pandemic has increased the demand for cloud-based solutions provided by e-health technology, thus impacting market growth positively.
- For example, GE Healthcare protracted its long-term partnership with Microsoft to promote a cloud-based COVID-19 patient monitoring software for health systems.
The global e-health market is analyzed across type, end-user, and region. Based on type, the medical apps segment contributed to around two-fifths of the total market share in 2019, and is anticipated to retain its dominance by 2027. The same segment would also register the fastest CAGR of 21.0% during the forecast period.
Based on formulation, the healthcare providers segment accounted for nearly three-fifths of the global e-health market revenue in 2019, and is projected to lead the trail by 2027. Simultaneously, the healthcare consumers segment would also manifest the fastest CAGR of 16.2% from 2020 to 2027.
Based on geography, North America held the major share in 2019, garnering more than two-fifths of the global e-health market. At the same time, the market across Asia-Pacific would exhibit the fastest CAGR of 17.2% during the forecast period. The report also analyzes the market across LAMEA and Europe.
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The Major Key Players Are:
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., and Siemens Healthineers.
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