August 15, 2022

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E-Health Software and Services Market to Expand at a Notable CAGR Of 11.8% Between 2022 and 2028, Says Coherent Market Insights (CMI)

The eHealth refers to the use of computers and the Internet in health care. The term itself is a work in progress. Various authors have discussed the evolution of the concept and how it maps to changes in health informatics and healthcare. It offers a conceptual framework that is both practical and unique. It also aligns with Black et al. ‘s definition of eHealth technologies, namely, the storage, retrieval, and transmission of information for clinical decision making and remote care. It includes, electronic health record (EHR), computerized physician order entry, ePrescribing, clinical decision support system, telemedicine, telerehabilitation, telesurgery, teledentistry, consumer health informatics, health knowledge management, virtual healthcare teams, eHealth Software and Services, medical research using grids, and health informatics / healthcare information systems.

The global eHealth software and services market is estimated to account for US$ 210.3 Bn in terms of value in 2021 and is expected to reach US$ 458.3 Bn by the end of 2028.

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Market Drivers:

Outbreak of pandemic diseases is driving growth of global eHealth software and services market. For instance, as of 10:45am CEST, 5 August 2020, there have been 18,318,928 confirmed cases of COVID-19, including 695,043 deaths, globally, as reported to World Health Organization.

Introduction of novel eHealth software and services is again expected to support growth of the market. For instance, in June 2020, Fitbit launched a new Ready for Work solution that gives employees access to key health metrics from their Fitbit device along with exposure, symptom and temperature logging, to help employers with the unprecedented challenge of returning to the workplace during the COVID-19 pandemic.

eHealth Software held leading position in the global eHealth software and services market in 2019, accounting for 69.6% share in terms of value, followed by eHealth Services, respectively.

Market Restraints:

Lack of internet connectivity across emerging economies is expected to restrict growth of the global eHealth software and services market. For instance, according to Pew Research Center (October 2019), Sub-Saharan Africa has a lower level of internet use than any other geographic region, ranging from a high of 59% in South Africa to a low of 25% in Tanzania.

Also, high cost of eHealth software and services such as Picture Archiving and Communication System (PACS) and Radiology Information System (RIS) is also expected to hinder growth of the market. For instance, conventional PACS systems can cost around US$ 5,000 to US$ 100,000.

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Market Opportunities:

Introduction of telemedicine programs is projected to provide lucrative growth opportunities for players in the global eHealth software and services market. For instance, in March 2020, UK HealthCare launched a new telemedicine program to help prevent the spread of the novel coronavirus.

Furthermore, growing adoption of cloud-based PACS is also projected to uplift growth of the market. Cloud-based PACS offers several benefits such as on-demand self-service, resource pooling, broad network access, rapid elasticity, and measured service.

The global eHealth software and services market was valued at US$ 210.3 Bn in 2021 and is forecast to reach a value of US$ 458.3 Bn by 2028 at a CAGR of 11.8% between 2022 and 2028.

Competitive Landscape:

McKesson Corporation, eHealth Technologies, GE Healthcare, Johnson and Johnson Healthcare Systems, Inc., Aerotel Medical Systems, Ltd., Siemens AG, Allscripts Healthcare Solutions, Inc., E*HealthLine.Com, Inc., AT&T Inc., RamSoft, Apple, Inc., Fitbit, Sectra, Doctor on Demand, Evident, eRAD, AdvancedMD, and KareXpert Technologies.

Key Developments:

Major players are focused on adopting various marketing strategies to enhance their market share. For instance, in February 2020, RamSoft demonstrated its RamSoft, a cloud-based solution that offers EMR integration and open access to imaging data, at 2020 Healthcare Information and Management Systems Society (HIMSS) meeting.

Major players are also focused on adopting partnership strategies to enhance their market share. For instance, in December 2019, Sectra, a medical imaging IT and cybersecurity company, collaborated with Leica Biosystems developing an integrated clinical pathology solution. The Sectra digital pathology software solution is expected to facilitate integration with leading pathology information systems and EMRs.

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➡Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region .

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Points cover in Global eHealth Software and Services Market Research Report:

Chapter 1: Overview of Global eHealth Software and Services Market (2022-2028)

  • Definition
  • Specifications
  • Classification
  • Applications
  • Regions

Chapter 2: Market Competition by Players/Suppliers 2022 and 2028

  • Manufacturing Cost Structure
  • Manufacturing Process
  • Industry Chain Structure

Chapter 3: Sales (Volume) and Revenue (Value) by Region (2022-2028)

  • Sales
  • Revenue and market share

Chapter 4, 5 and 6: Global eHealth Software and Services Market by Type, Application & Players/Suppliers Profiles (2022-2028)

  • Market Share by Type & Application
  • Growth Rate by Type & Application
  • Drivers and Opportunities
  • Company Basic Information

Chapter 7, 8 and 9: Global eHealth Software and Services Manufacturing Cost, Sourcing & Marketing Strategy Analysis

  • Key Raw Materials Analysis
  • Upstream Raw Materials Sourcing
  • Marketing Channel

Chapter 10 and 11: eHealth Software and Services Market Effect Factors Analysis and Market Size (Value and Volume) Forecast (2022-2028)

  • Technology Progress/Risk
  • Sales Volume, Revenue Forecast (by Type, Application & Region)

Chapter 12, 13, 14 and 15: Global eHealth Software and Services Market Research Findings and Conclusion, appendix and data source

  • Methodology/Research Approach
  • Data Source (Secondary Sources & Primary Sources)
  • Market Size Estimation

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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