According to the report “e-Health Market“, published by Market Data Forecast, the global market is projected to reach USD 195.58 Billion by 2021, at a CAGR of 14.80 % from 2015 to 2020.
Sedentary lifestyle has increased exponentially lately, resulting in the increased frequency of lifestyle associated illnesses such as hypertension and diabetes. These diseases require continuous and intensive monitoring of several physiological parameters such as blood pressure and blood sugar levels. This allows the integration of healthcare data with portable devices and further this can be used to obtain real-time access of data and reduction in errors, thereby boosting the demand of this industry. e-Health solutions have the ability to provide cost-effective healthcare services, research, public health, and health-related activities. e-Health is applied for cutting on administrative costs associated with the treatment and technological advancements ranging from transmission of clinical data to electronic health records.
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e-Health Market has shown promising signs lately. With the application of Information & Communication Technology (ICT) in healthcare, everyone now has access to proper healthcare facilities. The gradual shift to digital healthcare system for analysis and management of patient health has resulted in the rapid growth of this market. Increasing cases of chronic diseases, and technological developments in this field are supporting this growth. e-Health solutions have the ability to provide cost-effective healthcare services, research, public health, and health-related activities. Practical application and advancement in ICT, ever-increasing number of mobile and internet users, miniaturization and decreasing costs of sensors and other devices are some of the key drivers of this market. Growing demand for population health management and the necessity to cut healthcare expenses has led to rising demand for e-Health solutions across the world.
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The Global Market for e-Health is broadly categorized based on type, Services, End User and Region.
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Some of the major players in the e-Health market are Boston Scientific Corp., IBM, Motion Computing Inc., GE Healthcare, Epocrates Inc., Telecare Corp., CompuMed, Medisafe, Set Point Medical, Doximity, Lift Labs, Proteus Digital Health and Apple.
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