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The diversification of healthcare facilities has been
motivated by the expansion in the market size and growing demand for medical
services. Market reports connected with healthcare industry have been offered
by Market Research Future which creates reports on other industry verticals
that intends to analyze the current market scenarios better. The market is set
to achieve revenues valued at USD 270 billion while achieving a CAGR of 12.9%
in the duration of the forecast period.
The growth of the e-health
services market is benefitted by the presence of a robust information and
telecommunication sector, which has led to a significant development in the
market. The current technological developments in the market are fuelled by the
widespread use of software in healthcare and the need to reduce cost and
improve efficiencies. Moreover, the market for e-health services is expected to
be encouraged by the rising implementation of e-health software in medical
facilities globally.
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Segmental Analysis
The segmentation of the e-health services market is carried
out on the basis of type, region, and service.Based on type, the e-health service market comprises of segments
such as ePrescribing, Electronic Health Records (EHR), big data systems, Telemedicine,
Clinical Decision Support System (CDSS), Knowledge Management System (KMS) and
Consumer health IT. Based on service,
the market for e-health services is segmented into clinical services, financial
services, and administrative services.
The end user segment of the e-health service market comprises of
clinics, hospitals, health insurance companies, and others. The regions
encompassed in the e-health services market are Europe, Asia Pacific, Americas,
and the Middle East and Africa.
Detailed Regional
Analysis
The regional analysis of the e-health services market
comprises of regions such as Europe, the Americas, Asia Pacific, Middle East,
and Africa. The North American region is the principal market for the
e-health services market which is driven by countries such as the US. The
presence of top companies and the extensive implementation of software for data
management in the market is boosting the progress of the market. The
European region is observed as the next chief region in the e-health services
market. The Asia Pacific region is showing the most rapid growth in this
e-health services market. While the e-health services market in the Middle East
and Africa is estimated to display steady growth in the duration of the
forecast period.
Competitive Analysis
The present execution of strategies is assumed to motivate
the market in the approaching years. The development of a strong value chain is
moreover motivating the expansion of the market. The vertical additions and
product tactics of the market are boosting the potential of the market firms.
Significant cutbacks in administrative budgets are bringing further development
of the market. The augmented conformity of market players to new clients and
market trend tendencies are improving the growth curve of the market and will
continue in the forecast period. The calculated goals envisioned for the market
are buoyed due to beneficial product differentiation supported by market
competitors. The development of the market is moving in a promising direction due
to original product launches or intensifying gross revenue of the players in
the market.
The competitors functioning in the market for e-health services are Allscripts Healthcare Solutions Inc.
(U.S), GE Healthcare (U.S), Boston Scientific Corp (U.S), McKinsey & Co.
(U.S), Apple (U.S), Motion Computing Inc. (U.S), Epocrates Inc. (U.S), Telecare
Corp. (U.S), IBM Corporation (U.S), Proteus Digital Health (U.S) GE Healthcare
(U.S) and Cerner (U.S).
Industry Updates:
Oct 2018 The
European Investment Bank (EIB) has announced that will be backing the
application of Ireland’s eHealth programme with a €225m loan to aid in driving
advances in the delivery of healthcare services in the next ten years. After
giving more than €14bn for health investment in the European region in the
past decade, this is the first eHealth project that the EIB is backing.
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