The North America And Europe Ehealth Market size is expected to reach USD 403.15 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.5% from 2022 to 2030. The market is primarily driven by an increasing number of government initiatives to develop and deploy eHealth solutions, rising demand for centralization and streamlining of healthcare administration, and the advent of technologically advanced eHealth services. Furthermore, Electronic Health Record (EHR) systems benefit in tracking adverse drug events as well as aid in epidemiology studies, which is further expected to drive the market.
To combat the COVID-19 pandemic, numerous initiatives
are being started by government and community organizations to support the
present healthcare system. It includes front-line clinics by state management,
a volunteer panel of doctors, and numerous remote telemedicine applications.
eHealth plays a dynamic role during the pandemic as it is helping doctors make
effective choices at the point of care. Thus, market players are exploiting
this opportunity to address the problem and offer support to forefront doctors.
North America emerged as the largest market in 2021
due to the presence of a technologically advanced population base and various
ongoing activities in the region. The aforementioned factors are expected to
boost market expansion. The availability of high-tech healthcare infrastructure
as well as high-speed internet can be attributed to the region's rapid
expansion. As a result, improved awareness is projected to have a major impact
on market growth.
According to a report published in 2021, around 50
medical hubs in the U.S. currently have such eHealth platforms and are using
telemedicine to visit outpatients at home. These telemedicine and eHealth
technologies are crucial for COVID-19 global management. According to the U.S.
FDA, at least 54% of healthcare consumers in the country use FDA-approved apps
and other online tools for the treatment, management, and monitoring of medical
disorders.
In a severe health scenario, decision support is
crucial. Furthermore, these systems analyze patient medical records and present
a list of viable options from which to choose the most appropriate. The
market's growth prospects have been boosted by the easy compatibility and
interoperability of systems across platforms. Over the projection period,
academics and software developers are expected to collaborate to make medical knowledge
available to users, resulting in significant income-generating.
Furthermore, as a result of the COVID-19 pandemic,
many new companies are entering the market, which is expected to enhance the
market growth in the U.S. For instance, Cerner Corporation stated in 2020 that
it will be offering its Community Works clients a new video care platform
called the Video Visit program.
Related Press Release@ North America And
Europe eHealth Market Report
North America And Europe eHealth
Market Report Highlights
- By product, health information systems (HIS) accounted for the
largest revenue share of over 30.0% in 2021 owing to an increase in
government initiatives and healthcare IT investments to develop and deploy
IT systems in the healthcare industry. This is increasing the adoption of
healthcare information systems
- The monitoring services segment is poised to witness noteworthy
growth over the coming years due to the rapid adoption of monitoring
devices by clinicians and patients
- Based on end-use, providers held the largest revenue share in 2021.
Implementing home-based eHealth software is one method for providing more
sustainable treatment for these patients
- The telemedicine product segment is expected to witness lucrative
growth over the forecast period owing to novel innovations for technical
support and interoperability of telemedicine
- Market players are involved in strategic initiatives such as new
product launches, product innovations, acquisitions, and partnerships to
gain a competitive edge over each other
- For instance, in September 2021, Apple Inc. announced the launch of
watchOS 8, which has overall health parameters configured. This had new
features such as updated workout types, cycling monitors, and a
mindfulness meditation app
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the 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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