A recent report by MarketsandMarkets™ predicts that the eHealth market is poised to reach a size of USD 193.8 billion by 2025, exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period. The market, which was valued at USD 69.5 billion in 2020, is expected to experience substantial growth due to various factors. These include the rising disposable income of individuals, the introduction of innovative and advanced eHealth solutions, and the increasing prevalence of infectious diseases. Additionally, factors such as the growing adoption of eHealth solutions, the expanding elderly population, and the rising number of infectious diseases are anticipated to further propel the market’s growth.
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Within the eHealth solutions segment, the EMR/EHR (Electronic Medical Records/Electronic Health Records) category is projected to dominate the market in 2020. EMR/EHR solutions accounted for the largest share in the eHealth market owing to their superior software quality, which enables efficient clinical workflow and consequently enjoys high preference among healthcare professionals.
In terms of end-users, the healthcare consumers segment is expected to exhibit the highest CAGR in the eHealth market during the forecast period. This growth is primarily driven by the increasing reliance on telehealth solutions and remote patient monitoring services. The development of advanced telehealth solutions has greatly enhanced patient recovery rates, leading to the segment’s anticipated growth.
North America emerged as the dominant region in the eHealth market in 2020, followed by Europe. This can be attributed to the region’s rising geriatric population, which is more vulnerable to infections and diseases due to weakened immunity. Additionally, the stringent regulatory environment in North America ensures the availability of high-quality eHealth solutions, further contributing to market growth.
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Key players in the eHealth market include Allscripts, athenahealth, Epic Systems, IBM, GE Healthcare, Cerner, Optum, Philips Healthcare, Siemens Healthineers, McKesson, Medtronic, and Cisco Systems.
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