E-Health Market Size, Share & Trends Analysis Report By Type (eHealth Solutions, eHealth Services), By Deployment (On-premise, Cloud-based), By End-User (Healthcare Providers, Payers, Healthcare Consumers,  Pharmacies, Other End Users) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

E-Health Market Size & Trends

The global e-health market size was valued at USD 97.64 billion in 2021. It is expected to reach USD 338.14 billion by 2030, growing at a CAGR of 14.8% during the forecast period (2022–2030).

 The administration of a healthcare organization with information and communication technology is known as "e-Health" (ICT). Telemedicine, electronic medical records, and smartphone applications fall under information and communications technology (ICT). It is possible to electronically store data relating to patients, hospital staff, and hospital finances with the assistance of telemedicine. Telemedicine can also help improve patient care. This led to a change in the methods used to store information regarding medical care. The medical personnel had to record all the data initially manually.

On the other hand, the current system only requires the entry of a single, one-of-a-kind identification number. Once that is done, all patient information is accessible in seconds. E-health has many advantages over traditional methods of clinical data management, including eliminating the need for manual records and providing immediate access to patient information. In addition, it is anticipated that automated and interoperable healthcare information systems will improve medical care, reduce healthcare costs, increase efficiency, reduce the likelihood of error, improve patient satisfaction, and optimize reimbursement for ambulatory and inpatient healthcare providers.

E-health software and ICT (information and communication technology) are being extensively used in the healthcare sector to improve healthcare quality, a significant driver of the global ehealth market. There is also an increase in the need to manage regulatory compliance by using e-health solutions and the safe and adequate storage of data, which contributes to market growth. E-health also reduces the need for expensive and time-consuming primary research and data collection, which significantly impacts the global market's growth over the long term. Furthermore, e-health solutions facilitated collaboration among healthcare providers, improving patient outcomes and increasing patient safety. Additional administrative costs can be avoided by reducing the need for redundant examinations and the amount of time needed to maintain the I.T. and infrastructure systems currently fragmented.

eHealth Market Growth Factors

Increase in Government Initiatives Supporting the Utilization of E-Health Solutions and Services to Drive Market

Electronic medical coverage (EMC), electronic medical records (EMRs), electronic health records (EHRs), picture archiving, communication systems (PACS), and telemedicine are a few examples of the e-health solutions and services that are seeing a significant uptick in adoption among healthcare providers. This can be attributed to the fact that e-health is helping to improve the management of public health systems and the delivery of medical care services. In addition, governments are beginning to implement programs to encourage the utilization of e-health services and solutions. The application of information and communication technology in "reaching services to citizens" and "citizen empowerment through information dissemination" significantly improve public healthcare services.

Several e-health initiatives utilizing ICT have been implemented all over the country by the Ministry of Health and Family Welfare (MoHFW) to increase the effectiveness of healthcare delivery, extend healthcare services to rural areas, and provide higher quality care at a lower cost. Additionally, several governments are making sizeable investments to encourage the adoption of e-health, which will improve medical care while simultaneously reducing costs. The expansion of the global market over the upcoming period is anticipated to be significantly aided by an increase in government initiatives.

Growing Requirement to Ensure Regulatory Compliance by Utilizing E-Health Solutions to Support Market Growth

There have been several developments in healthcare I.T. over the years. As a result of these advancements, various e-health solutions and services have been transformed into successful and profitable alternatives to manual methods for managing complex tasks. Electronic health records offer several advantages and capabilities, including meeting stringent regulatory requirements and managing compliance risks. A paradigm shift occurs in the electronic healthcare market as a direct result of the shifting regulatory requirements in the healthcare industry. It is anticipated that the demand for e-health tools will increase among various stakeholders in the coming years, which will contribute to the acceleration of the market's expansion on a global scale. E-health tools are an efficient way to meet critical care quality goals while lowering costs. 

Some factors driving the market growth include the gradual transition to a digital healthcare system for patient health analysis and management, an increase in the prevalence of chronic diseases, and an ever-increasing number of mobile and internet users. A medical care delivery system known as "digital healthcare" uses various digital technologies to increase the accessibility, affordability, and sustainability of high-quality medical care. The healthcare sector is where most digital technologies find use.

Market Restraining Factors

Shortage of Qualified Professionals to Restrict Market Growth

Adopting e-health services and solutions is hampered by a shortage of appropriately trained professionals. In most developing countries, both those working in the medical field and those seeking medical care are unaware of e-health. E-health helps overcome barriers by utilizing methods that are very different from the solutions typically used in traditional healthcare. However, their efficiency depends mainly on end-users willingness, such as healthcare professionals, to switch from traditional paper-based patient records to electronic solutions.

This is because electronic solutions are more secure than paper records. At this time, many traditional healthcare providers, particularly those operating in developing nations, are hesitant to use e-health solutions, primarily due to a lack of knowledge regarding I.T. In addition, they believe that the utilization of these solutions is a task that requires a lot of time but provides little to no clinical benefits. Because of these potential downsides, professionals working in the healthcare industry are hesitant to use the technology for the process of healthcare I.T. As a result, there is a shortage of skilled personnel, which is anticipated to slow the expansion of the market.

The development of the e-Health market is anticipated to be hindered by fraudulent activities, usability issues, privacy concerns, and security issues related to e-Health services. Information systems are heavily concerned with privacy and security. Access to individual health information is made possible by digitalizing healthcare services from any electronic device with an Internet connection anywhere globally. One of the many advantages of having access to medical information everywhere is to increase patients' understanding of the illnesses they are dealing with and to enhance medical care.

Users typically need to be made aware of how their data is handled. Healthcare data on the cloud has caught the attention of hackers, who target systems to launch attacks and steal sensitive data in exchange for financial benefit. Data breaches are common; since 2019, over 50 million electronic medical records have been hacked, and in 2021, the number of security breaches is predicted to increase from the year before. From this perspective, information systems' privacy and security should be improved to make them more reliable and high-quality.

e-Health Market Opportunities

Emerging Highly Profitable Market in Developing Regions to Boost Market Opportunities

Due to developments in e-health services and increased accessibility of affordable healthcare options, developing regions like Asia-Pacific and LAMEA have high growth potential. Opportunities that are beneficial to expanding the e-health industry can be found in the Asia-Pacific region. This can be attributed to India, China, and South Korea, the three economies with the largest populations expanding at the fastest rates, followed by South Korea. As a result of the growth that is taking place in these economies, the governments are exerting several efforts to satisfy the growing demand for improved medical infrastructure and medical services.

E-health helps maintain a real-time bridge between all the different healthcare services, reducing the number of errors caused by manual labor and contributing to lower overall healthcare costs. In addition, the e-health industry in India is currently in its promising stage, and the demand for e-health solutions is likely to increase during the forecast period. This is likely due to an alarming increase in the incidence of chronic disorders, improvement in healthcare infrastructure, a rise in government initiatives to adopt e-health solutions and services, and a surge in demand for better healthcare services.

For instance, the Ministry of Health and Family Welfare (MoHFW) of the Government of India supports e-health, which refers to the utilization of information and communication technology in the direction of "reaching services to citizens" and "citizen empowerment through information dissemination," to bring about significant improvements in the public healthcare delivery system. Consequently, it is anticipated that an increase in investments from central and local government agencies and investments from leading regional players will offer lucrative opportunities to expand the global e-health market during the forecast period.

Regional Analysis

The global e-health market share is bifurcated into North America, Europe, Asia-Pacific, and LAMEA.

North America Dominates the Global Market 

North America is the highest contributor to the global market, growing at a CAGR of 13.3% during the forecast period. It is anticipated that North America will hold a dominant share of the global market throughout the period covered by this forecast. This is attributable to the region's highly developed healthcare industry, significant R&D investments in e-health solutions, rising rates of product approval, and many e-health companies in the area. Athenahealth has introduced a brand-new telehealth tool integrated with electronic health records (HER). With the help of this tool, practitioners can conduct virtual visits without downloading additional software or using an app developed by a third party. In addition, an increase in healthcare costs contributes to the expansion of the market. The market expansion in North America is primarily fueled by the numerous investments made by e-health service providers and government programs and services in the healthcare industry related to e-health.

Europe: Fastest Growing Region

Europe is the second dominant contributor to the market and is estimated to reach around USD 101,744.8 million at a CAGR of 14.8% during the forecast period. It is anticipated that Germany, France, and the United Kingdom will experience a steady growth rate. In contrast, other European countries are expected to grow at a significant compound annual growth rate (CAGR) during the forecast period. This is because of the rise in the cost of medical care, the development of products related to e-health such as Telehealth and medical apps, and the modernization of healthcare facilities. Additionally, according to the European Commission, electronic health records (EHR) are currently available in all the E.U. nations that were examined and are used by nearly 96 percent of general practitioners. An increase in the emphasis on governments is propelling the overall expansion of the e-health industry in Europe is placing on lowering the cost of healthcare and enhancing safety and data accuracy by implementing interoperable healthcare systems.

Asia-Pacific is the third-largest contributor to the market. As a result of government investments and reforms to modernize healthcare systems, an increase in the number of product launches, an increase in the number of people traveling for medical care, the implementation of e-health programs, and an increase in per capita income, it is anticipated that Asia-Pacific will experience the highest growth rate throughout the forecast period. For example, J.D. Health, based in China and the healthcare division of the Chinese e-commerce giant JD.com, recently launched a "family doctor" service based on a model that combines the internet and healthcare. In addition, the proportion of older adults in the population is increasing at a higher rate than in any other region in the world.

LAMEA is the growing market for e-health. The key factors driving the overall growth of the market include an increase in the number of health problems, a shortage of expert health professionals, and a lack of medical facilities. In addition, the percentage of the population that is elderly is growing at an exponential rate, which has contributed to an increase in the incidence of chronic diseases. As a result of the slow processes in the healthcare system, many patients cannot receive the appropriate medical care. Because of improved real-time communication between patients and their doctors, simplified access to health-related information, and accelerated disease diagnosis, information technology in medical practice is expanding at a breakneck pace. As a result, factors such as the rising incidence of chronic diseases like cancer and diabetes are anticipated to drive the expansion of the market.

Segmental Analysis

The global market for e-health has been divided into type and end-user.

By Type

The global e-health market has been categorized into electronic health records (HER), vendor-neutral archive (VNA), picture archiving, & communications systems (PACS), laboratory information systems (LIS), Telehealth, prescribing solutions, medical apps, clinical decision support systems (CDSS), and pharmacy information systems.

The medical apps segment is the highest contributor to the market, growing at a CAGR of 21.3% during the forecast period. The field of medicine has seen a meteoric rise in mobile applications for medical purposes. Their importance in enhancing the overall patient experience has grown significantly over the past few years. They have been instrumental in assisting advocates for patient care providers in overcoming geographical obstacles. Simultaneously, the number of people who use medical apps on their mobile devices has increased.

The most significant difference is the striking increase in patients' use of diagnostic information and reminders through mobile medical applications. In addition, a wide variety of applications for mobile phones have been created to monitor patients' health and supply relevant data to medical professionals. The technology of the modern age is driving the market's growth because it helps save time and is incredibly beneficial in providing medical care to patients located in remote areas.

The electronic health records second-largest segment is expected to grow at a CAGR of 5.3% during the forecast period. The demand for electronic health records (EHR) has recently increased substantially. Consequently, database systems are experiencing a significant expansion in size and complexity. The Health Information Technology for Economic and Clinical Health Act (HITECH Act), which also gave the US Department of Health and Human Services the authority to design programs to advance health IT and improve healthcare quality, safety, and effectiveness, gave rise to the Office of the National Coordinator (ONC). These programs promote electronic health records (EHRs) and private and secure electronic health information exchange. A brand-new telehealth tool has just been unveiled by Athenahealth, a top supplier of network-enabled software and services for medical groups and health systems. Medical professionals can conduct virtual visits with this tool's aid without downloading additional software or using an app created by a third party.

By End-User

The global market for e-health has been categorized into healthcare providers, payers, and healthcare consumers.

The healthcare providers segment was the highest contributor to the market, growing at a CAGR of 15.3% during the forecast period. The market's growth is driven by several factors, including increased healthcare reforms, the demand for accurate data to ensure patient safety through improved clinical outcomes, and efforts to reduce healthcare costs. In addition, medical professionals, hospitals, and insurance companies use these e-health applications to record relevant patient health information. Electronic medical records (EMR), computerized physician order entry (CPOE), research and information system (RIS), medical document management systems, revenue cycle management, and healthcare asset management system are some of the e-health solutions that hospitals use.

The payer's segment is the second-largest segment and is estimated to grow at a CAGR of 13.6% during the forecast period. The market for payers is driven by increased demand for electronic health solutions to address insurance fraud, claims management, payment management, and member eligibility and engagement management problems.

Recent Developments

• In January 2023, Veradigm Inc. is the new corporate name announced by Allscripts.
• In January 2023, Data from the Veradigm Network EHR is Now Available in the Observational Medical Outcomes Partnership (OMOP) Common Data Model (CDM) Format.
• In January 2023, Fox Valley Orthopedics chose athenahealth to enhance patient care and prepare for future expansion.
• In January 2023, Cisco improved the hybrid work environment with innovations in audio and interoperability.