E-Health Market: Competitive Intelligence Report Featuring Key Players and StrategiesPosted by Kumar on August 28th, 2023 As per the TechSci Research report titled "Global E-Health Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the Global E-Health Market was valued at USD 110.12 billion in 2022. It is projected to experience a Compound Annual Growth Rate (CAGR) of 12.61% during the forecast period of 2024 to 2028. The growth of the worldwide eHealth market is primarily propelled by increased government initiatives supporting the adoption of e-health solutions and services, the utilization of e-health solutions for effective regulatory compliance management, and addressing the shortage of healthcare professionals. Nevertheless, the adoption of advanced e-health solutions is met with resistance from medical professionals, and the high costs associated with implementing and maintaining these solutions impede market growth. Conversely, there are growth prospects in emerging nations, as well as opportunities stemming from the expansion of mHealth, telehealth, and remote patient monitoring markets. Moreover, the incorporation of e-health solutions in outpatient care facilities is anticipated to offer promising avenues for market growth. There is a discernible trend among healthcare providers as they increasingly adopt eHealth solutions due to the proven efficiency of this technology. This positive market expansion can be attributed to the integration of healthcare data with portable devices, enabling real-time access for physicians and reducing errors. The demand for eHealth is further bolstered by the rising prevalence of lifestyle disorders such as diabetes and hypertension, which necessitate continuous monitoring of physiological parameters like blood sugar and glucose levels. However, concerns related to data privacy and security hinder the growth of these services. Healthcare providers are progressively embracing eHealth solutions and services, encompassing electronic medical coverage (EMC), electronic health records (EHRs), electronic medical records (EMRs), picture archiving and communication systems (PACS), and telemedicine. This adoption is predominantly driven by enhancements in medical care delivery and public health systems management. Governments are also launching campaigns to encourage the utilization of eHealth services and solutions. The application of information and communication technology (ICT) empowers citizens by providing information and improving accessibility to public healthcare services. The global eHealth market is expanding due to the prevalence of lifestyle-related disorders like diabetes and hypertension, as well as the sedentary lifestyles led by individuals. Additionally, the impact of COVID-19 in recent years is expected to further propel the growth of eHealth solutions. Furthermore, increased awareness among individuals and growing acceptance among healthcare professionals will act as catalysts for market expansion. Browse over 26 market data Figures spread through 91 Pages and an in-depth TOC on "Global E-Health Market.” - https://www.techsciresearch.com/report/e-health-market/4730.html Recent years have witnessed significant advancements in the healthcare IT sector, leading to the transformation of various eHealth services and solutions into viable alternatives to manual procedures for managing complex tasks. Changes in regulatory requirements within the healthcare industry are driving a shift in the standard of the eHealth market. As eHealth tools offer an effective means to achieve quality goals while reducing costs, their demand is predicted to rise among various stakeholders in the forthcoming years. Additionally, healthcare IT systems provide numerous benefits and capabilities for managing compliance risks and meeting stringent regulatory mandates. The increasing preference for an outpatient care model is expected to stimulate the adoption of eHealth solutions, as they offer a convenient approach to delivering specialized outpatient services. These solutions assist physicians in addressing patient access requirements and facilitate remote patient health monitoring. Furthermore, they streamline integration and appointment scheduling among healthcare providers, thereby enabling a comprehensive healthcare delivery approach. Given these advantages, various governmental bodies are actively promoting the implementation of eHealth solutions in outpatient care settings. Moreover, in response to mounting cost pressures on healthcare systems, many healthcare organizations are concentrating on introducing specialized outpatient services. Furthermore, due to the benefits of web-based continuous care management, a significant proportion of individuals are transitioning towards outpatient care. Despite the potential advantages, numerous healthcare providers, especially in developing countries, exhibit reluctance to adopt eHealth solutions due to limited IT knowledge. Some medical professionals lack the requisite technological skills to operate advanced healthcare IT solutions and perceive the creation, utilization, and maintenance of electronic systems as time-consuming tasks. While eHealth solutions and services aid in the active management of clinical and non-clinical tasks in healthcare organizations, their successful implementation heavily hinges on the willingness of end users, such as healthcare professionals, to shift from outdated paper-based patient records to electronic solutions. Consequently, there is resistance among healthcare professionals towards adopting new and innovative healthcare IT solutions. The Global E-Health Market is categorized by type, services, end user, regional distribution, and company. In terms of type, the Electronic Health Record (EHR) segment dominates the market. eHealth facilitates cost-effective healthcare delivery in both high and low-income countries, prompting the World Health Organization (WHO) to advocate for its adoption and encourage member states to formulate strategic plans for the deployment of digital health services across various healthcare domains. This initiative significantly propels industry growth. The EHR segment is poised for positive growth in the upcoming years, driven by the increasing adoption of electronic health records in developed and developing nations. EHR enhances healthcare quality and offers convenience to healthcare providers through rapid access to patient records, improved decision support, clinical alerts, and real-time quality reporting. These advantages have contributed to the widespread global adoption of electronic health records. By region, the North America segment is projected to exhibit growth during the forecast period. The global e-Health market is expected to be segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America is anticipated to lead the global e-Health market due to escalating demand for e-Health, the growing need for population health management, and the imperative to curtail healthcare expenses in this region. Europe is projected to hold the second-largest market share, driven by increased government funding for advanced healthcare facilities. The Asia Pacific region is poised to experience the highest Compound Annual Growth Rate (CAGR) during the forecast period, owing to the population's awareness of advanced technologies and the substantial demand for e-health, accompanied by a surge in launches within this domain. Conversely, South America and the Middle East and Africa are expected to demonstrate lucrative growth in the e-health market in the forthcoming years.
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