North America And Europe eHealth Market Analysis, Size, Growth, Share, Trend,
Forecast 2022 – 2030
North America And Europe eHealth Market Growth & Trends
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.
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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.
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
North America And Europe eHealth Market Segmentation
GrandViewResearchhassegmentedtheNorthAmericaandEuropeeHealthmarketon thebasisofproduct,services,end-use,andregion:
North America And Europe eHealth Product Outlook (Revenue, USD Billion, 20172030)
BigDataforHealth
ElectronicHealthRecord(EHR)
HealthInformationSystems(HIS)
mHealth
Telemedicine
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North America And Europe eHealth Services Outlook (Revenue, USD Billion, 20172030)
Monitoring
o VitalSigns
o Wristwear
o Bodywear(Garments)
o Others
o Specialty
o AdherenceMonitoring
o Accessories
o Sensors
o Others
Diagnostic
HealthcareStrengthening
Others
North America And Europe eHealth End-use Outlook (Revenue, USD Billion, 20172030)
Providers
Insurers
HealthcareConsumers
North America And Europe eHealth Regional Outlook (Revenue, USD Billion, 20172030)
NorthAmerica
o U.S.
o Canada
Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Switzerland
List of Key Players of the North America And Europe eHealth Market
AllscriptsHealthcare,LLC
IBM
SiemensHealthineers
EpicSystemsCorporation
Hexoskin
ChronolifeSAS
KoninklijkePhilipsN.V.
AppleInc.
WHOOP
Silvertree
HealthWatchLtd.
Athos
BiodevicesSA
Emglare
GetEnflux
Bioserenity
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