Global E-health Market - 2022-2029

Market Overview

E-health Market is expected to grow at a CAGR of 24% during the forecasting period (2022-2029).

E-health is a promising field that uses computers and the internet to store and manage medical records instead of maintaining paper files. It is mainly used in medical informatics, public health, business, and health services. The information is delivered or improved through the internet and related technologies.

Market Dynamics

The major driving forces are technological innovations, the rising prevalence of chronic diseases, the increasing use of mobile technology and the internet, and the increasing demand for population health management.

The increasing innovations and developments in the E-health market are pushing the market growth.

Technology innovation is expected to be the dominating factor propelling the global E-health market. The utilization of Remote Health Monitoring Devices is increasing. It is an extension of the digital transformation of healthcare, helping pharmaceutical companies expand clinical trial activities, enabling insurance companies to engage with the customers, and making it easy for health consumers by providing them access to their health data. For instance, on March 17, 2022, Microsoft Healthcare launched its Azur Health Data Service to boost healthcare interoperability and expand its healthcare cloud strategy across data, AI, and clinician experiences. Also, in October 2021, Allscripts launched guided scheduling, leveraging artificial intelligence to improve patient care and increase healthcare operational efficiencies. Also, on August 26, 2022, Phillips introduced its latest integrated cardiology solutions at the European Society of Cardiology (ESC) Congress. Furthermore, on April 28, 2022, Philips and Prisma Health entered into a multi-year, long-term strategic partnership to innovate healthcare across the enterprise and unlock the power of patient data.

Privacy, security, standards, and governance will hamper the global E-health market growth.

Since to use the data more effectively, it should be clean, precise, and correctly formatted so it will be easy to use across various healthcare systems. The data security risks with constant hacking and security violations will prove costly to healthcare companies and unethical to disclose patient data without prior authorization. These issues will restrain the E-health market growth globally.

Industry analysis.

The global E-health market report will provide an in-depth analysis of the market based on various industry factors such as porter`s five forces, innovations, new product launches, pricing analysis, Etc.

COVID-19 Impact Analysis

COVID-19 has made us practice digital care. Amidst the outburst, it into light that there is an urgency for virtual care interventions. For instance, a COVID-19 forecasting model was Developed by the Harward Global Health Institute that provided an early warning system for COVID-19 cases, hospitalizations, ICU admissions, ventilator utilization, and deaths, enabling the healthcare official to be proactive in suppressing the pandemic. Furthermore, during the pandemic, Saudi Arabia developed and utilized some digital healthcare platforms such as the Seha virtual healthcare platform for remote interaction between consumers and their healthcare teams using ICT tools, Mawid app, a diagnostic platform that helped healthcare consumers to identify the possibility of being infected by the COVID-19 virus.

Segment Analysis

The electronic healthcare record segment of the E-health market is expected to grow at the fastest CAGR during the forecast period (2022-2029).

The innovations and augmentation of AI in diagnostics have helped electronic health records to dominate the market during the forecast period (2022-2029). For instance, in April 2021, Myoclonic introduced a platform initiative delivering the next generation of clinical decision support tools, diagnostic insights, and care recommendations enabling clinicians to make a quick and accurate diagnosis, allowing them to provide the patient with truly continuous care. Furthermore, with the innovative AI, Remote Diagnostics and Management Platform (RDMP) gathers the data and, with the help of algorithms, augments it with human decision-making within the preexisting clinical workflow, thereby helping healthcare professionals provide an event-driven medicine in the right context at the right time. Furthermore, on November 11, 2021, MyHealthcare introduced its new Electronic Medical Record (EMR) systems to help maintain a database of patients and help doctors working in the field of cardiology, pediatrics, endocrinology, obstetrics & gynecology and ENT to guarantee better medical outcomes in addition to improving the delivery of care across its healthcare network.

Geographical Analysis

The Asia Pacific region oppresses the global E-health market.

However, over the forecast period (2022-2029), Asia-Pacific is expected to dominate the Global E-health market. Because of the increasing prevalence of chronic diseases, growing population, rising adoption of remote patient monitoring services, and government initiatives. For example, the Ministry of Health and Family Welfare of India recently launched the Integrated Disease Surveillance Program (IDSP), which is a segment of the Integrated Health Information Platform (IHIP) for detecting outbreaks, reducing mortality, morbidity and decreasing the disease burden in the populations with better health systems. The Indian government had launched the e-RaktKosh initiative, an integrated blood bank management information system. Furthermore, the Asia Pacific has a major portion of the global population, making up 60%, according to the United Nations Population Fund, accounting for around 4.3 billion. Also, NIH estimated that 60% of Asia's population is with diabetes, the western pacific accounting for approximately 138.2 million diabetic patients, which is predicted to reach around 201.8 million by 2035.

Competitive Landscape

The key players operating in the global E-health market are Apple, Athena Health, Allscripts, Boston Scientific, CompuMed, Cerner, IBM, GE Healthcare, Nike, and Fitbit. The key players are adopting various strategies such as product launches, mergers & acquisitions, partnerships, and collaborations, contributing to the growth of the E-health market globally. For instance, on June 15, 2022, Boston Scientific announced to purchase of a majority stake of M.I.Tech Co., Ltd from Synergy Innovation Co., Ltd. Also, on August 09, 2022, GE Healthcare collaborated with six different start-up companies.

GE Healthcare

Overview:

GE Healthcare is headquartered in Chicago, Illinois, United States, founded in 2004. It is a subsidiary of American Multinational Conglomerate General Electric. It is a leading manufacturer and distributor of diagnostic imaging and radiopharmaceuticals for imaging modalities used in medical imaging procedures.

Product Portfolio:

GE Healthcare's product portfolio for E-health has Advanced Visualization Applications, Advanced Visualization Platforms, Dose Excellence Program, Centricity Cardio Enterprise, Centricity Radiology Workflow, Centricity Universal Viewer, Centricity Universal Viewer Zero, EP Recording, Hemodynamic recording, Medical Affairs and Medical Information and icenter.

The global E-health market report would provide access to approximately 40+ market data tables, 45+ figures, and in the range of 200 (approximate) pages.