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E-Health Services Market was Valued at US$ 68,760.15 Mn in 2020 Owing to Rapid Penetration of Internet Connectivity and Smart Devices

Published On 16 Sep 2021 10:59 AM


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Absolute Markets Insights (AMI) reports a tremendous growth rate for the global e-health services market during the 2021-2029 period. In its newly released report, AMI anticipates the market will grow at 23.2% owing to increasing investments towards digital health technologies along with rising prevalence of the Covid-19 pandemic, across the globe. AMI reports that the market stood at a valuation of US$ 68,760.15 Mn in 2020.

Telemedicine and mHealth to Gain Momentum in the Global E-Health Services Market

Healthcare services provided through digital communication technologies, including computers, smart phones and wearable devices has witnessed enormous rise over the previous years. The modality ensures expanded access to healthcare services to a wide group of people while simultaneously reducing the need for transportation and mobility. According to a study, about 43% of the primary healthcare visits were carried out through telehealth modalities in April 2020. The investments towards virtual and digital healthcare technologies have also multiplied, which is anticipated to further proliferate the growth of the global e-health services market over the period of next eight years. mHealth technologies and solutions caters to a wide plethora of applications for both healthcare professionals and patients, which has primarily enhanced its popularity in the healthcare sector. Favourable regulatory changes in the e-health services sector is anticipated to supplement the growth of global e-health services market over the forecast period. For instance, Centers for Medicare & Medicaid Services (CMS) have allowed the coverage of multiple current procedural terminology (CPT) codes and made them permanent in the final rule of 2021 physician fee schedule.

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Impact of Covid-19 on Global E-Health Services Market

The adoption of e-health services has witnessed enormous surge amidst the covid-19 pandemic. The stringent mandates pertaining to social distancing to curb the spread of the coronavirus has enforced patients and caregivers to rely on e-health technologies to ensure optimum and timely care. According to the study in May 2020, about 46% of the U.S. consumers use telehealth services as an alternative to personal healthcare visits. Healthcare providers have directed large scale investments towards telehealth technologies, and witnessed massive response from the patients. The introduction of regulatory flexibilities, wherein more than 80 new services have been provided temporary approval by the CMS, showcases significant growth opportunities for global e-health services market over the forecast period. E-health services at large has hence enabled access to necessary healthcare services, improve patient experience and enhance overall health outcome. The technology has showcased significant importance for patients suffering from the ailment. Patients infected by the coronavirus have largely resorted to telemedicine and mhealth apps for consultations, diagnosis and treatment from the comfort and convenience of their home.

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Remote Monitoring and Management Application of E-Health Services to Witness Substantial Growth over the Forecast Period

The adoption of advanced technologies such as Internet of Things (IoT), artificial intelligence (AI) and machine learning amongst others is revolutionising the e-health services market.  These technologies aid in establishing connections and enable exchange of data across different systems and devices over the internet. The integration of sensors in wearable devices are increasingly enabling medical professionals to ensure constant monitoring of the patients remotely by tracking essential vitals and physical activity of the patients. Remote monitoring devices such as smart inhalers, glucose monitoring devices and smart insulin pens amongst others help in maintaining a constant watch on the patient’s activities with insignificant interference to their routine lives. Further, with the technological advancements along with rise of 5G, the devises are estimated to become more accessible and affordable by patients and healthcare providers at large, thus showcasing substantial growth opportunities for global e-health services market over the future years.

Some key players in the global e-health services market are AirStrip Technologies, Allscripts, Cerner Corporation, CISCO Systems, Inc., Epic Systems Corporation, Google, Inc., IBM Corporation, NXGN Management, LLC, Orange, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., Seamless MD, Telefónica S.A., Vocera Communications, and other market participants

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Global E-Health Services Market:

  • By Technology:
    • Telemedicine
      • Teleconsulting
      • Telemonitoring
      • Tele-education
      • Tele Training
      • Others
    • mHealth
      • Wearable
      • Apps
        • Medical Apps
        • Fitness Apps
        • Wellness Apps
        • Others
    • Electronic Health Records (EHR)
    • e-Prescribing Systems
    • Others
  • By Application: 
    • Therapeutics
    • Diagnostics
    • Remote Monitoring & Management
    • Training and Education
    • Others
  • By End Users
    • Hospitals & Clinics
    • Individuals
    • Government
    • Pharmacies
    • Insurance companies
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
        • Denmark
        • Finland
        • Iceland
        • Sweden
        • Norway
      • Benelux Union
        • Belgium
        • The Netherlands
        • Luxembourg
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America

For More Information Click@ https://www.absolutemarketsinsights.com/reports/Global-E-Health-Services-Market-2021---2029-907

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Press Release Provided By: Absolute Markets Insights