eHealth Market Development - Opportunities and Challenges
Global market size-
According to the new market research report eHealth Market is expected to reach $193.8 billion by 2025, at a CAGR of 22.8% during the forecast period.
Market growth influenced due to following factors-
- Growing need to manage regulatory compliance through the use of eHealth solutions.
- The need to curtail escalating healthcare costs.
- Increasing government initiatives supporting the use of eHealth solutions and services.
The players in the eHealth market include Allscripts (US), athenahealth (US), Epic Systems (US), IBM (US), GE Healthcare (US), Cerner (US), Optum (US), Philips (Netherlands), Siemens Healthineers (Germany), McKesson (US), Medtronic (Ireland), and Cisco Systems (US).
Top Market Segments-
By type of eHealth solutions market, the chronic care management apps are expected to register the highest CAGR during the forecast period. This can be attributed to the growing incidence of chronic diseases, high penetration of mobiles, and increasing adoption of mHealth solutions owing to various benefits such as ease of use and reduced costs offered by these solutions across the globe.
Based on type of eHealth services market, the remote monitoring services segment is expected to register the highest CAGR during the forecast period. This can be attributed to the increasing incidence of chronic diseases across the globe and the widespread preference of patients for home healthcare and rehabilitation due to the convenience of these services.
In response to the rising pressures on health systems to lower the cost of care, a majority of healthcare organizations are focusing on introducing specialized outpatient services. The shift toward the outpatient care model is boosting the adoption of eHealth solutions, as these solutions provide a convenient way of care delivery. These solutions provide easier access to appointments and integration among care providers for holistic response toward care delivery.
In addition, these solutions help physicians in addressing patient needs (for access) and allow the remote monitoring of the patient’s health. Owing to the benefits of eHealth solutions, various federal bodies are also supporting the deployment of eHealth solutions in outpatient care settings.
For instance, the Government of New South Wales (NSW), through its Community Health and Outpatient Care program is still operational as a part of eHealth Strategy for NSW Health: 2016–2026, which focuses on implementing EMR solutions in outpatient care facilities operating throughout NSW. This has boosted the adoption of eHealth solutions among stakeholders in outpatient care facilities to deliver better health services and help enhance patient outcomes.
The complexity of advanced healthcare IT systems and the lack of user-friendliness have further contributed to physicians’ reluctance to adopt these systems. Many physicians regard the use of healthcare IT solutions as a time-consuming task and perceive them as hampering their interaction with patients. Moreover, in rural areas, factors such as the lack of broadband technology as well as a shortage of experts available to provide technical assistance are responsible for physicians being reluctant about adopting HCIT solutions. All these factors are adversely affecting the uptake of eHealth solutions by healthcare organizations.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11513143
- swapnil shitole
- Website: eHealth Market