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How has the ehealth market grown in recent years?

The exponential growth of the eHealth market in the last few years is noticeable. This surge is projected to continue, with the market potentially growing from $143.97 billion in 2024 to $176.74 billion in 2025, reflecting a compound annual growth rate (CAGR) of 22.8%. The historic expansion is a result of numerous drivers including increased internet accessibility, expanded use of smartphones, escalating healthcare expenses, government schemes, and the need for remote monitoring.

How is the ehealth market size expected to evolve during the forecast period?

The size of the eHealth market is predicted to experience rapid expansion in the forthcoming years, with a belief it would surge to $397.81 billion by 2029, exhibiting a compounded annual growth rate (CAGR) of 22.5%. The escalation during the forecast period is linked with factors such as the rise in chronic diseases, an aging populace, the emphasis on personalized healthcare, the expansion of remote patient monitoring, and the inclusion of artificial intelligence in diagnostic procedures. Key trends for the forecast period entail enhancement of telemedicine infrastructure, innovation in AI-backed diagnostics, progress in digital health record systems, the growth of intelligent medical devices, and enhanced cybersecurity measures within eHealth.

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Which key drivers are propelling the ehealth market’s growth?

The eHealth market is expected to flourish due to the increasing use of telehealth. Telehealth utilizes digital technology to afford far-reaching healthcare services such as consultations, monitoring, and education. Factors such as accessibility, convenience, cost-effectiveness, and technological progression fuel the increased use of telehealth. eHealth supercharges telehealth by facilitating remote patient monitoring, virtual consultations, and easy access to digital health records, enhancing the delivery of healthcare services. For example, in a survey conducted in February 2023 by Rock Health, a health technology firm in the US, it was found that out of 8,014 participants, 76% of those over 55 years of age have utilized telemedicine, and 80% of all participants have sought care using telemedicine at one point in their lives, an increase of 8% from 72% in 2021. Consequently, the heightened utilization of telehealth is fostering the expansion of the eHealth market.

What are the market segments in the ehealth industry?

The ehealth market covered in this report is segmented –

1) By Type: eHealth Solutions, eHealth Services

2) By Component: Electronic Health Records, e-Prescribing, Clinical Decision Support Systems, Telemedicine, Other Components

3) By Deployment: On-premise, Cloud-based

4) By End User: Healthcare Providers, Payers, Healthcare Consumers, Other End-Users

Subsegments:

1) By eHealth Solutions: Electronic Health Records (EHR), Telemedicine And Telehealth Solutions, Health Information Systems (HIS), Mobile Health Applications (mHealth), Remote Monitoring Solutions

2) By eHealth Services: Telemedicine Services, eConsultation And Virtual Care, Health Data Analytics Services, Health IT Support Services, eHealth Consulting Services

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Which leading companies are shaping the growth of the ehealth market?

Major companies operating in the ehealth market are UnitedHealth Group Incorporated, CVS Health Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Medtronic plc, Siemens Healthineers AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Epic Systems Corporation, Teladoc Health Inc., Veradigm LLC, athenahealth Inc., CompuGroup Medical SE & Co. KGaA, Hims & Hers Health Inc., American Well Corporation, Epocrates LLC, eHealth Technologies Inc., Medisafe Ltd., Oracle Health, iCliniq.

What key trends are currently impacting the ehealth market’s development?

Key players in the eHealth market are concentrating on creating revolutionary products such as electronic medical records (EMR) systems to advance the management of patient data, augment healthcare productivity, and improve clinical processes. The Electronic Medical Records (EMR) system is a digital network that organises, accesses, and manages patients’ medical histories, diagnoses, treatments, and other health-related information within a healthcare establishment. For example, eHealth Solutions Ltd, a healthcare IT firm in the UK, unveiled EMRpro, a novel electronic medical records (EMR) system developed specifically for private healthcare practices in April 2024. This ground-breaking healthcare IT solution aspires to transform clinical efficiency and patient management. EMRpro incorporates cutting-edge features to simplify medical processes and enhance the delivery of care. In contrast to conventional EMR systems, it gives more weight to clinical functionality than administrative duties. With its contemporary, cloud-based foundation, EMRpro establishes a new standard in healthcare technology.

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Which geographic areas are influencing the growth of the ehealth market?

North America was the largest region in the eHealth market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ehealth market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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