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The ehealth software and services market size is forecast to increase by USD 138.38 billion at a CAGR of 15.72% between 2023 and 2028.
The ehealth software and services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
On-premises deployment of eHealth software and services enables healthcare organizations to host and manage their entire infrastructure withIn their premises, providing them with direct control over hardware, software configurations, and data management. This approach caters to the unique needs and regulatory requirements of certain healthcare environments, particularly those with stringent compliance and security concerns. With on-premises deployment, organizations can customize their eHealth systems to meet specific needs, ensuring regulatory compliance and maintaining data security. This level of control is essential for delivering patient-centric care, digitizing tele-health and mHealth services, and implementing qualitative tools for consultation, diagnosis, treatment, prevention, and monitoring of health parameters such as blood pressure and blood sugar levels.
Despite the initial investment, on-premises deployment offers long-term benefits, including improved patient outcomes, data interoperability, and compliance with regulatory requirements in outpatient care settings. However, healthcare organizations must consider potential legal liabilities and regulatory apprehensions when implementing on-premises eHealth solutions. Insurers, healthcare providers, and payers are increasingly adopting eHealth solutions to enhance patient care and reduce costs In the era of the Affordable Care Act.
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The On-premises segment was valued at USD 41.80 bn in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American the market is a significant contributor to the global industry, driven by stringent regulatory requirements and incentivizing policies. With advanced healthcare IT solutions widely adopted In the US and Canada, these countries lead the region's market growth. Regulatory frameworks mandating the use of eHealth software and services are rigorous in North America. Tele-health, mHealth, and qualitative tools are integral components of this market, enabling remote patient consultation, diagnosis, treatment, and prevention. ERAD, Sectra, Evident, and Allscripts Care Director are notable providers of diagnostic services and monitoring segments, including hypertension, diabetes, and physiological parameters like blood pressure and blood sugar levels.
Insurers, healthcare providers, and payers are key stakeholders in this market, with the Affordable Care Act further boosting its expansion. Data interoperability, patient-centric care, and outpatient care models are critical trends shaping the market's future. Despite regulatory apprehensions and legal liabilities, the market's growth is expected to continue, fueled by the digitization of healthcare services and telemedicine.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing digitization of healthcare industry is the key driver of the market.
Growing use of connected devices and technologies is the upcoming market trend.
Threat from open-source service providers is a key challenge affecting the industry growth.
The ehealth software and services market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the ehealth software and services market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, ehealth software and services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
AdvancedMD Inc. - The company provides a comprehensive eHealth software and services solution, featuring the AdvancedMD clinical app. This innovative application prioritizes tasks with donuts, offers patient cards, and includes a physician dashboard to streamline practice operations for various roles, thereby enhancing clinical care and fostering a more personalized patient experience.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a range of tele-health and mHealth solutions designed to enhance patient-centric care and digitize various aspects of healthcare delivery. This dynamic industry is characterized by continuous innovation, driven by the growing demand for efficient, accessible, and cost-effective healthcare solutions. Tele-health and mHealth services enable consultation, diagnosis, treatment, prevention, and monitoring of health parameters outside traditional healthcare settings. These solutions leverage qualitative tools to facilitate remote patient-provider communication and data exchange. The market is witnessing significant investment in Research and Development (R&D) to expand the capabilities of these solutions and address the evolving needs of care providers and healthcare payers.
The shift towards patient-centric care and digitization has led to the proliferation of telemedicine services, which enable the remote monitoring of various health parameters, including blood pressure, blood sugar levels, and vital signs. Self-monitoring devices and smartphone applications play a crucial role in this segment, empowering patients to take an active role in managing their health. The diagnostic services segment of the market is another area of growth, as these solutions enable accurate and timely diagnosis, reducing the need for manual methods and improving overall patient outcomes. Telemedicine and monitoring services are key components of this segment, offering diagnostic services remotely and in real-time.
Regulatory requirements and compliance risks are critical considerations In the market. Ensuring data interoperability and security is essential for maintaining the trust and confidence of healthcare consumers and adhering to regulatory standards. Insurers and healthcare payers are increasingly recognizing the value of these solutions and are investing In their implementation in outpatient care settings. Despite the numerous benefits of eHealth software and services, there are regulatory apprehensions and legal liabilities associated with their use. Healthcare providers must ensure compliance with relevant regulations and standards to mitigate risks and protect patient privacy. The Affordable Care Act and other healthcare strengthening services have further emphasized the importance of these solutions in improving healthcare access and affordability.
In conclusion, the market is a dynamic and innovative industry, driven by the growing demand for efficient, accessible, and cost-effective healthcare solutions. The market is characterized by continuous innovation, driven by the need to address the evolving needs of care providers, healthcare payers, and healthcare consumers. The use of telemedicine services, self-monitoring devices, and diagnostic services is transforming healthcare delivery, enabling remote consultation, diagnosis, treatment, and monitoring of various health parameters. Regulatory requirements and compliance risks are critical considerations in this market, and healthcare providers must ensure compliance with relevant standards to mitigate risks and protect patient privacy.
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Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.72% |
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Market growth 2024-2028 |
USD 138.38 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
14.6 |
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Key countries |
US, Canada, Germany, UK, and China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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