EHealth, or electronic health, is the use of information technology (IT) to improve healthcare delivery. Telehealth is a subset of eHealth that refers to the delivery of healthcare services remotely, using electronic communications. The importance of eHealth in the context of rising telehealth is that it can help to improve the quality, efficiency, and affordability of healthcare. EHealth technologies can be used to provide patients with access to healthcare information and services, to monitor patients remotely, and to provide patients with access to healthcare providers.
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Data Bridge Market Research analyses that the eHealth Market will grow at a CAGR of 24.70% in the forecast period of 2022 to 2029 and is expected to reach USD 4,82,736.72 million by 2029 from USD 96,935.46 million in 2021. This growth is being driven by a number of factors, including the increasing prevalence of chronic diseases, the rising demand for personalized healthcare, government initiatives, and technological advancements. Technological advancements such as the internet, mobile devices, and big data are driving the development of new eHealth products and services. These advancements are making it easier for patients to access healthcare information and services, and they are also making it easier for healthcare providers to collect and analyze data about patients.
Growing number of chronic diseases is expected to drive the market's growth rate
Chronic diseases such as heart disease, cancer, and diabetes are a major burden on the global healthcare system. eHealth technologies can help manage these diseases more effectively by providing patients access to remote monitoring, education, and support. Patients are increasingly demanding personalized healthcare that is tailored to their individual needs. eHealth technologies can help collect and analyze large amounts of patient data, which can then be used to develop personalized treatment plans.
Segment Analysis:
Global eHealth market is categorized into six notable segments, which are based on offering, deployment, enterprise size, functionality, technology, and end user.
- On the basis of offering, global eHealth market is further segmented into solutions and services. Services segment is expected to dominate the global eHealth market with a 65.77% market share due to the rising technological advancement of eHealth.
- On the basis of deployment, the global eHealth market is segmented into cloud and on-premises. Cloud segment is expected to dominate the global eHealth market with a 62.63% market share due to the strategic initiatives of key players.
- On the basis of enterprise size, the global eHealth market is segmented into large enterprises and small medium enterprises. Large enterprises segment is expected to dominate the global eHealth market with a 69.02% market share due to a rise in the demand for teleHealth.
- On the basis of functionality, the global eHealth market is segmented into content management system, group messaging, dashboard, video sessions, social support, and others. Video sessions segment is expected to dominate the global eHealth market with 38.03% market share due to increasing government initiatives supporting eHealth services and solutions.
- On the basis of technology, the global eHealth market is segmented into internet of things (IoT), chatbots, artificial intelligence, block chain and big data analytics, and others. Chatbots segment is expected to dominate the global eHealth market with a 38.09% market share due to the rising technological advancement of eHealth.
Market Development
- In 2023, Health Services Management (HSM) partnered with Sound Physicians Telemedicine Services to provide residents in Texas, Indiana, and Florida with access to high-quality, convenient, and affordable healthcare. The partnership will allow residents to receive care from board-certified physicians via video conferencing, 24 hours a day, 7 days a week. This will allow residents to get the care they need without having to leave their homes or travel long distances.
- In 2021, Northern Inyo Healthcare District (NIHD) collaborated with Cerner Corporation to transform its Electronic Health Record (EHR) system. The new EHR system, Cerner Millennium, is a cloud-based system that will allow NIHD to improve care quality, efficiency, and safety. The new system will also allow NIHD to better coordinate care across the continuum, from inpatient to outpatient settings.
- In 2022, Visionflex partnered with MediRecords, Australia's cloud-based electronic medical record and practice management systems provider. The partnership will allow Visionflex to integrate its video conferencing platform, Vision, with MediRecords' cloud-based electronic health record and practice management software platforms. This integration will allow Visionflex customers to securely and seamlessly share patient information with their healthcare providers, regardless of where they are located.
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