eHealth Market (By Product: ePrescribing, EHR, Telemedicine, mHealth, Clinical Decision Support, Others; By Service: Diagnostic, Monitoring, Healthcare Strengthening, Treatment, Database Management; By End Use: Healthcare Providers, Insurers, Healthcare Consumers, Government; By Deployment: On-premise, Cloud-based) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global eHealth market size was valued at US$ 128.99 billion in 2022 and is expected to hit US$ 707.23 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 18.6% during the forecast period 2023 to 2032.
The surging adoption of the innovative, digital, and patient-centric care technologies is significantly driving the growth of the global ehealth market. The global ehealth market is primarily driven by the rising demand for the digital healthcare products and services amongst the hospitals and the patients around the globe. The various ehealth platforms are gaining rapid traction among the global population owing to the easy and 24/7 availability of health professionals, which has significantly boosted the demand for the services like consultations and education. The surging investments in the development of telecommunications and IT infrastructure coupled with the surging adoption of smartphones and rising number of internet users across the globe is fostering the growth of the ehealth market. According to ITU, approximately 4 billion people had access to the internet at the end of 2019. Majority of the internet user’s had access to the internet using their smartphones. Consultants and other health professionals are adopting the ehealth platforms for offering consultations and other services, which has also enhanced the reach of the medical services in the rural areas. Ehealth platforms like mhealth, telehealth, and telemedicine is becoming an important distribution channel for the physicians. Thus, the increased demand for the ehealth platforms among the consumers as well as the health professionals is driving the global ehealth market growth.
The surging prevalence of various non-communicable diseases such as cancer, cardiovascular diseases, diabetes, neurological disease, and respiratory diseases is propelling the adoption of the ehealth platforms among the consumers. Moreover, the rapidly growing geriatric population across the globe is fueling the market growth significantly. According to the United Nations, the global geriatric population is expected to reach at 2 billion by 2050. Furthermore, the increasing number of healthcare units across the globe is boosting the adoption of ehealth. Ehealth platforms help in recording patients’ medical health and also supplies crucial insights to the doctors during the treatment of the patients. This enhances the patient care services in the healthcare units. Furthermore, the old age people needs frequent diagnosis and monitoring as they are more prone to various diseases. The ehealth platforms facilitate remote monitoring and help to serve the monitoring needs of a geriatric patient. The surging penetration of the numerous ehealth platforms across the globe is augmenting the market growth.
| Report Coverage | Details |
| Market Size in 2023 | USD 152.34 Billion |
| Market Size by 2032 | USD 707.23 Billion |
| Growth Rate from 2023 to 2032 |
CAGR of 18.6% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Product, Service, End User, Deployment, Geography |
| Companies Mentioned | Allscripts Healthcare Solutions, Inc., Koninklijke Philips N.V., Siemens Healthineers, International Business Machines Corporation, General Electric Company, InTouch Health, Athenahealth, Inc., Cisco Systems, Inc., UnitedHealth Group, Medtronic plc. |
The electronic health record (HER) segment dominated the global ehealth market, accounting for a market share of more than 25% in 2022.The surging need for the reduction of paperwork in the hospitals and maintaining an easily accessible and transferable health record of the patients has boosted the growth of the HER across the developed countries. Furthermore, the rising government initiatives to digitalize the operations in the hospitals and increase the operational efficiency has fostered the growth of the HER segment. For instance, My Health Record is a digital health record platform for the Australian citizens.
On the other hand, mhealth is expected to gain rapid traction during the forecast period. This is attributed to the rapidly growing mhealth startups in the various developed and developing countries and the rising adoption of the mhealth platforms among the consumers. The surging adoption of smartphones and improved access to the internet is expected to fuel the growth of the mhealth segment.
Based on the services, the monitoring segment accounted for a market share of more than 60% in 2022. The surging health awareness and growing adoption of self-monitoring devices has fueled the growth of this segment. The ehealth allows the patients to analyze health conditions and automatically transfer the vital health information to the database. Thus the surging adoption of the monitoring devices is driving the growth of this segment across the globe.
Based on the end use, the healthcare providers segment dominated the global ehealth market in 2022. This is attributed to the rapid surge of the ehealth and other digital technologies in the hospitals and clinics across the globe. The rising government initiatives to digitalize the healthcare sector to enhance the operational efficiency of the healthcare units have boosted the growth of the segment.
On the other hand, the insurer is estimated to be the most opportunistic segment during the forecast period. The rising adoption of the ehealth among the insurers to keep the track of the health conditions of their customers and preparing insurance policies is driving the growth of this segment.
North America dominated the global ehealth market in 2020, in terms of revenue and is expected to retain its dominance throughout the forecast period. The increased burden of various chronic diseases and the presence of huge geriatric population in US has significantly driven the market growth.
Moreover, the high disposable income, higher adoption of the digital technologies, and increased healthcare expenditure has supported the North America ehealth market. The presence of numerous number of platforms is positively contributing to the market growth. According to NCBI, over 40,000 health apps were available for download on Apple iTunes store in 2013 in US. Thus, rapid growth of the ehealth apps has exponentially driven the growth of the ehealth market.
eHealth Market, By Region ($Mn)
| REGION | 2019 | 2020 | 2021 |
| North America | 34,050.6 | 40,400.6 | 46,949.9 |
| Europe | 20,771.5 | 24,958.8 | 29,378.9 |
| Asia Pacific | 14,202.6 | 17,509.2 | 21,132.0 |
| LAMEA | 5,451.7 | 6,629.6 | 7,896.5 |
Asia Pacific is expected to be the fastest-growing market during the forecast period. The rising government expenditure on the development of sophisticated and digital healthcare infrastructure is fueling the demand for the ehealth platforms. Furthermore, the surging prevalence of various diseases and the rapidly growing geriatric population is expected to drive the market growth in the region. According to the United Nations, about 80% of the global geriatric population will be living in the low and middle income countries by 2050. Furthermore, the rising technological advancements and surging penetration of the smartphones and internet is expected to positively impact the market growth in Asia Pacific.
The eHealth market is moderately fragmented with the presence of numerous companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.
Segments Covered in the Report
By Product
By Service
By End Use
By Deployment
By Geography
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