Factors such as the rising elderly population base, increased adoption of eHealth solutions and the growing number of infectious diseases are expected to drive the growth of the eHealth market.
According to research report eHealth Market is projected to reach $193.8 billion by 2025, at a CAGR of 22.8% during the forecast period.
Players in the global eHealth industry include Cerner (US), McKesson (US), GE Healthcare (US), and Allscripts (US), Philips Healthcare (Netherlands). Other leading players in this market include athenahealth (US), IBM (US), Optum (US), Epic Systems (US), Siemens Healthineers (Germany), Medtronic (Ireland), and Cisco Systems (US).. These players are focusing on increasing their presence in high-growth markets through both organic as well as inorganic growth strategies, including service launches, expansions, collaborations, and partnerships.
GE Healthcare is a leading provider of eHealth solutions. GE Healthcare (US) held significant poistion in the global eHealth market in 2019. It has a strong and robust product and service portfolio of EHR and EMR solutions and services; PACS and VNA solutions; and health information exchange solutions. The company concentrates on R&D activities. It focuses on developing new and improved products and services. GE Healthcare has launched 25 new products, services, and digital solutions in the market. Such initiatives undertaken by the company provide it a competitive edge over other players operating in the eHealth market and help it maintain its foothold in the market.
The Asia Pacific market is expected to register the highest growth during the forecast period due to increasing healthcare expenditures and improving regulatory scenario. Geographically, the North American eHealth Market accounted for the largest share of the eHealth solutions market in 2019 due to the presence of a well-established base of eHealth companies, high investments in the several healthcare IT, and increasing R&D expenditure.
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