EHealth Market Size (2024 - 2029)

eHealth Market Analysis

The EHealth Market size is estimated at USD 236.47 billion in 2024, and is expected to reach USD 497.02 billion by 2029, growing at a CAGR of 16.02% during the forecast period (2024-2029).

The propelling factors for the growth of the e-health market are the growth in IoT and technological innovations, rising preference toward mobile technology and the internet, and rising demand for population health management.

The increasing adoption of digital health systems is expected to drive the market during the forecast period. For instance, according to an article published in Digital Health in August 2022, the digital health transition in numerous healthcare facilities throughout Saudi Arabia was assessed utilizing digital health indicators. The total digital transformation score in private healthcare facilities was observed to be higher than in governmental hospitals due to greater implementation rates. Thus, the high adoption of digital health systems across private healthcare facilities is expected to increase market growth during the forecast period.

Government initiatives to increase the preference for mobile technology and the internet are expected to propel market growth. For instance, in May 2022, Israel approved 19 initiatives for USD 30 million for a new digital health initiative enabling healthcare institutions, including HMOs, hospitals, and institutes, to develop the digital infrastructure needed for collaborative R&D projects with startups in the field of healthcare.

The technological advancement in e-health solutions, product launches, and partnerships by market players is expected to propel market growth during the forecast period. For instance, in May 2022, Brazil's digital health company, Memed, launched a set of digitally integrated care pathways that allow patients to purchase medication online directly from a Memed e-prescription.

Similarly, in January 2022, Visionflex partnered with MediRecords, Australia's cloud-based electronic medical record and practice management systems provider. The partnership is aimed to integrate Visionflex's video conferencing platform, Vision, with MediRecords' cloud-based electronic health record and practice management software platforms.

Therefore, the market is anticipated to grow during the forecast period due to rising launches, partnerships, and fundraising for market players' expansions of eHealth solutions. However, the concerns over data security, the lack of reimbursement policies in emerging markets, and the lack of proper infrastructure for eHealth in emerging markets are estimated to restrain the market growth.

eHealth Industry Segmentation

As per the scope of the report, eHealth is the use of modern electronic information and communication technologies to deliver healthcare when healthcare providers and patients are not in direct contact, and their interaction is mediated by electronic means. The eHealth market is segmented by component, type of service, end user, and geography. By component, the market is segmented into electronic health records, e-prescribing, clinical decision support systems, telemedicine, and other components. By type of service, the market is segmented into monitoring services, diagnosis services, and other types of services. By end user, the market is segmented into hospitals, insurance companies, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.