The e-health services are relatively recent healthcare practices that include incorporation of electronic processes and communication systems. The rapid adoption of advanced technology in various sectors is augmenting the utilization of such services all over the world.
Market Research Future (MRFR) has recently availed a detailed report asserting the global e-health services market is anticipated to expand significantly and reach USD 270 Bn by the end of 2023 from USD 120 Bn in 2016 at a noteworthy CAGR of 12.9 % during the forecast period of 2016-2023.
Market Drivers and Restraints:
The rapid technological development is playing a crucial role in the expansion of the global e-health services market. The rise in adoption of advanced technology in the healthcare sector is acting as a major driver for the expansion of the global e-health services market. The increasing government initiatives for supporting the use of e-health services in healthcare sector and emergence of curtailing the escalating healthcare costs are attributing factors to the growth of the global e-health services market.
The prominent players of the global e-health services market are IBM Corporation (U.S), Allscripts Healthcare Solutions Inc. (U.S), GE Healthcare (U.S), McKinsey & Co. (U.S), Motion Computing Inc. (U.S), Epocrates Inc. (U.S), Telecare Corp. (U.S), Proteus Digital Health (U.S) Apple (U.S), GE Healthcare (U.S), Boston Scientific Corp (U.S), and Cerner (U.S).
Market Segmentation:
The global e-health services market has been segmented on the basis of type, service, and end-users. By type, the global e-health services market is segmented into electronic health records (EHR), e-prescribing, telemedicine, big data systems, clinical decision support system (CDSS), mobile medical technologies, consumer health IT, and knowledge management system (KMS). By service, the market is segmented into administrative service, clinical service, and financial service. By end-users, the market is segmented into hospitals, clinics, health insurance companies and others.
Detailed Regional Analysis:
The global e-health services market is geographically distributed in for major regions such as Americas, Europe, Asia-Pacific and the Middle East and Africa. Among these regions, the North America region is considered to be the largest market for the e-health services due to the concentration of major players of global e-health services market in this region, the inclination towards the use of software for data management and the presence of well-developed healthcare infrastructure in this region.
The rapid adoption of advanced technology in the healthcare sector of the Europe region has made it the second largest market for the e-health services among other regions of the world. Whereas, the Asia-Pacific region is projecting fastest growth in the global e-health services market owing to the rapid development and adoption of advanced technology by healthcare sector in this region.
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