EHealth Market Size To Reach US$ 707.23 Billion By 2032

The global eHealth market size was reached at US$ 152. 34 billion in 2023 and is anticipated to surpass US$ 707.23 billion by 2032 with a CAGR of 18.6% from 2023 to 2032.

The demand for the ehealth is rapidly growing across the globe owing to the surging adoption of the digital technologies across the healthcare industry. The rising investments in the development of telecommunications and the IT infrastructure has favored the growth of the digital technologies like AI, Wi-Fi, internet, and cloud computing. The increased government initiatives to digitalize the operations of the hospitals have attracted the investments in the adoption of the digital technologies across the healthcare units.

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Moreover, the surging prevalence of various chronic diseases among the global population and the rapidly growing geriatric population is fueling the growth of the market. The ehealth platforms enables the consumers to easily and conveniently have access to the 24/7 physician consultations and other associated services. The formulation of favorable reimbursement policies in several countries pertaining to the ehealth services is further fueling the market growth.

Report Highlights

Based on the product, the EHR segment dominated the market in 2021. The increasing government initiatives to promote the adoption of EHR have fueled the growth of this segment. For instance, My Health Record is a digital health record platform for the Australian citizens. Further, it helps to enhance the patient care and improve the operational efficiency of the healthcare units.
Based on the services, the monitoring segment dominated the market in 2021. The rapidly growing geriatric population is driving the demand for the self-monitoring devices as the elderly population requires frequent monitoring. The elderly population is more susceptible to various diseases.
Based on the end use, the healthcare providers dominated the market in 2021. This is attributed to the increased corporate and government investments towards the digitization of the healthcare units across the globe. The adoption of ehealth will enhance the operational efficiency of the hospitals.

Regional Snapshot

North America dominated the global ehealth market in 2020. This is attributed to the higher adoption of the digital and advanced technologies in the healthcare sector. Moreover, the presence of huge number of patients owing to high geriatric population and increased prevalence of non-communicable diseases has augmented the demand for the ehealth among the healthcare providers and the consumers. It is estimated that around 60% of the US population is suffering from one or more chronic condition. Furthermore, the geriatric population in US is expected to reach 95 million by 2050. The improved consumer awareness, high healthcare expenditure, and improved access to the digital technologies has fostered the growth of the North America ehealth market.

Asia Pacific is estimated to be the most opportunistic market during the forecast period. The rising adoption of the smartphones, improved access to the internet, rising awareness regarding the benefits of ehealth, and the rising government initiatives to boost the adoption of ehealth in the hospitals. Furthermore, the rising burden of diseases and surging old age population in the region is expected to positively impact the market growth during the forecast period.

Table of Contents

eHealth Market Scope

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

eHealth Market Dynamics

Driver: Surging adoption of internet and smartphones

The globe is witnessing a rapid growth in the number of smartphone and the internet users.According to the GSMA State of Mobile Internet Connectivity Report 2020, approximately 50% of the global population had access to the mobile internet connectivity by the end of 2019. As per the ITU, majority of the inter users have access to the internet through their smartphones. Therefore, the rising adoption of the smartphones and improved access to the internet are the prominent drivers of the global eHealth market.

Restraint: Lack of awareness regarding eHealth

There is a lack of awareness regarding the eHealth platforms especially in the rural areas of the underdeveloped and developing economies. Further, the poor access to the basic healthcare facilities is further depriving the rural population from accessing the digital eHealth technologies. Moreover, the low investmentsin digital infrastructure are the major factors that may hinder the market growth.

Opportunity: Introduction of the latest technologies

The increasing adoption of latest technologies like 5G, AI, cloud computing, data analytics, and VR are expected to augment the market growth. The adoption of these latest digital technologies is expected to improve analysis of data, increase cost efficiency, and enhance digital security to the ehealth platforms, thereby boosting the growth of the market.

Challenge: Data privacy and cybersecurity

The data privacy and the cybersecurity are the most crucial factors that presents a huge challenge for the market players. The cyberattacks are becoming more frequent with the growing adoption of technology. Cyberattack may result in huge financial losses and hence may impact the market growth significantly.

eHealth Market Companies

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.

Segments Covered in the Report

By Product

ePrescribing
EHR
Telemedicine
mHealth
Health Management
Clinical Decision Support
Information System
Radiology Information Systems
Laboratory Information Systems
Cardiovascular Information Systems
Telehealth
Health Information Exchange Solutions
Chronic Care Management Apps
Medical Apps

By Service

Diagnostic
Monitoring
Healthcare Strengthening
Treatment
Database Management

By End Use

Healthcare Providers
- Hospitals
- Ambulatory Care Centers
- Home Healthcare Agencies, Nursing Homes, and Assisted Living Centers
Insurers
Healthcare Consumers
Government

By Deployment

On-premise
Cloud-based

By Geography

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa