Global eHealth Market is expected to reach USD 308.0 billion by 2022, according to a new report by Grand View Research Inc. The transition of the healthcare industry into digital healthcare system for management and analysis of patient health is expected to be the most vital driver of the market.
Increasing prevalence of chronic diseases,
and technological advancements in this field are few impact rendering factors.
Rising use of mobile technologies and internet along with increasing adoption
for home care by patients is expected to propel market growth over the forecast
period.
Furthermore, expanding scope of IT
companies pertaining to the development of real-time applications and software
catering to the healthcare industry is expected to drive demand over the
forecast period. Federal agencies such as the European Coordination Committee
of the Radiological, Electromedical and Healthcare IT Industry (COCIR), in
order to encourage and popularise eHealth, formulated various policies since
2007. One of these is the eHealth Action Plan, formulated in December 2012,
which includes 16 proposed actions to boost eHealth use, focused on increasing
research, innovation, interoperability and adoption.
The American Health Information Community
(AHIC) was chartered in the U.S. to make recommendations leading to the likely
development of eHealth to the Secretary of the U.S. Health Department. Based on
these recommendations, efforts are being made to increase awareness levels for
currently available mobile applications and wearable remote monitoring devices.
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Details of Report @ https://www.grandviewresearch.com/industry-analysis/e-health-market
The benefits encouraging higher demand
include round the clock care service, wider and faster access to patient
information, reduction of administrative and medical errors, self monitoring
and management by patients and centralization of entire healthcare industry
chain.
Further key
findings from the report suggest:
- The diagnostics segment of eHealth services market
is expected to witness the fastest growth of above 15.0% over the next
seven years owing to, the increasing number of patients with at least one
chronic condition and rising prevalence of infectious diseases. According
to the CDC, more than 50% population of the U.S. accounting for about 117
million people suffer from at least one chronic condition requiring
routine monitoring.
- The mHealth market is expected to be the largest and
the fastest growing accounting for a market share of over 24.0% by 2022.
According to statistics published by the American Telemedicine Association
(ATA), the number of mHealth patents has increased multi-fold from 2000 to
2015 and over 44 million m-Health applications were downloaded in 2015
within North America.
- North America is expected to dominate the market
throughout the forecast period with a revenue share of over 30% by 2022.
Presence of technologically updated population base and various current
initiatives by the American Health Information Community (AHIC) are
expected to be the drivers of this growth.
- Key players of the market include IBM, McKinsey
& Co., Motion Computing Inc., Epocrates Inc., Telecare Corp., Proteus
Digital Health and Apple. In June 2014, Apple announced the integration of
HealthKit platform into the upcoming iPhone operating system (iOS 8) which
will provide a complete health overview of a person such as weight, sleep
patterns, heart rates measures, blood pressure and calorie intake.
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View Research, Inc. is a U.S. based market research and consulting company,
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company provides syndicated research reports, customized research reports, and
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company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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