North America And Europe eHealth Market (By Product: Health Information Systems (HIS), Telemedicine; By Services; By End-use) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

The North America and Europe eHealth market was valued at USD 148.21 billion in 2021 and it is predicted to surpass around USD 403.38 billion by 2030 with a CAGR of 11.77% from 2022 to 2030.

Report Highlights

• The health information system (HIS) segment held the largest revenue share of over 35.21% in 2021 and is anticipated to witness lucrative growth over the forecast period. 
• Monitoring held the largest revenue share of over 65.07% in 2021. 
• The provider segment held the largest revenue share of over 50.23% in 2021. 
• North America dominated the market in 2021 with a revenue share of over 60.14%. 
• Europe is anticipated to be the fastest-growing region in the market over the forecast period. 
• By product, the North America and Europe eHealth market was valued at USD 78.73 million in 2021 and expected to witness growth at a CAGR of 10.8% from 2022 to 2030.

The market is primarily driven by an increasing number of government initiatives to develop and deploy eHealth solutions, rising demand for centralization and streamlining of healthcare administration, and the advent of technologically advanced eHealth services. Furthermore, Electronic Health Record (EHR) systems benefit in tracking adverse drug events as well as aid in epidemiology studies, which is further expected to drive the market.

To combat the COVID-19 pandemic, numerous initiatives are being started by government and community organizations to support the present healthcare system. It includes front-line clinics by state management, a volunteer panel of doctors, and numerous remote telemedicine applications. eHealth plays a dynamic role during the pandemic as it is helping doctors make effective choices at the point of care. Thus, market players are exploiting this opportunity to address the problem and offer support to forefront doctors.

North America emerged as the largest market in 2021 due to the presence of a technologically advanced population base and various ongoing activities in the region. The aforementioned factors are expected to boost market expansion. The availability of high-tech healthcare infrastructure as well as high-speed internet can be attributed to the region's rapid expansion. As a result, improved awareness is projected to have a major impact on market growth.

According to a report published in 2021, around 50 medical hubs in the U.S. currently have such eHealth platforms and are using telemedicine to visit outpatients at home. These telemedicine and eHealth technologies are crucial for COVID-19 global management. According to the U.S. FDA, at least 54% of healthcare consumers in the country use FDA-approved apps and other online tools for the treatment, management, and monitoring of medical disorders.

In a severe health scenario, decision support is crucial. Furthermore, these systems analyze patient medical records and present a list of viable options from which to choose the most appropriate. The market's growth prospects have been boosted by the easy compatibility and interoperability of systems across platforms. Over the projection period, academics and software developers are expected to collaborate to make medical knowledge available to users, resulting in significant income-generating.

Furthermore, as a result of the COVID-19 pandemic, many new companies are entering the market, which is expected to enhance the market growth in the U.S. For instance, Cerner Corporation stated in 2020 that it will be offering its Community Works clients a new video care platform called the Video Visit program.

Scope of The Report

Product Insights

The health information system (HIS) segment held the largest revenue share of over 35.21% in 2021 and is anticipated to witness lucrative growth over the forecast period. The growing adoption of technologically advanced healthcare services is aiding the sector. Various IT firms and healthcare institutions have recently increased their collaboration to focus on producing high-utility services and solutions for better-individualized care, data storage efficiency, and data analytics efficacy. Furthermore, the increased usage of EHR systems is expected to drive the market in the forecast period. In January 2020, NXGN Management, LLC announced the formation of an exclusive relationship with Doctible. This agreement will help Doctible link its service with the NextGen Office cloud-based EHR and Practice Management (PM) systems to help small companies maintain loyalty, encourage growth and provide better patient care.

As the healthcare industry transitions to digitalization, Electronic Health Record (EHR) systems are becoming increasingly communal. Numerous government initiatives, including encouraging physicians to adopt EHR, investing in training healthcare Information Technology (IT) professionals, and building regional extension centers to provide technical and other help, are boosting the expansion of the EHR market. The European Commission, for example, in March 2021 issued a recommendation on a European EHR exchange standard, allowing health data to move freely across borders. This policy enables European citizens to safely access and exchange health information regardless of where they are on the continent.

Services Insights

Monitoring held the largest revenue share of over 65.07% in 2021. Patient monitoring has advanced over time, from hospital bedside monitors to wearable devices that can monitor patients and send data to medical servers over wireless networks. It is a method of determining if a patient's health is normal or deteriorating over time by evaluating their key vital signs. Vital signs data from a remote location can help healthcare providers immediately deliver aid to those whose health is in danger. The disadvantage of this form of the remote monitoring system is that patients must usually be present at a certain location to assess their health or receive emergency assistance.

Wearable monitors have benefited from recent advancements in battery technology and wireless data transmission as well as the introduction of smartphones. Wearable monitors with various sensors, intelligent processing, and alerts have been created in the last 15 years to support medical decisions and interactions with health providers. Furthermore, the rising focus on improving personal health and fitness using smart devices and wearables is a major factor accelerating market growth.

End-use Insights

The provider segment held the largest revenue share of over 50.23% in 2021. eHealth offers great convenience to healthcare professionals in terms of patient workflow and data management. Furthermore, rising demand for centralization and streamlining of healthcare administration will fuel market growth. For instance, the Community Care Plan of Eastern Carolina (CCP) stated that the installation of the telehealth program allowed clinicians and healthcare providers to see over 20 patients each week, up from only 10 patients before the installation. This is expected to contribute to segment growth during the forecast period. Based on end-use, the market is segmented into healthcare providers, insurers, government, and healthcare consumers.

Implementing home-based eHealth software is one method for providing more sustainable treatment for these patients. Such services, in collaboration with healthcare providers, enable patients to take a more active role as value-creating co-producers of their treatment. Furthermore, healthcare professionals play an important role in value creation, but there is little known about value development in eHealth, particularly from their perspective. As a result, the goal of this study was to gain a better understanding of how an eHealth application could serve as a value-creating resource from the standpoint of healthcare providers.

Regional Insights

North America dominated the market in 2021 with a revenue share of over 60.14%. This can be attributed to the surging demand for healthcare information technology solutions in the medical sector. Rapid technological advancements and the growing importance of providing quality healthcare services are further contributing to market growth in this region.

Europe is anticipated to be the fastest-growing region in the market over the forecast period. This can be attributed to increasing investments in the healthcare sector in countries. Europe’s market is showing high potential due to increasing R&D expenditure by governments of key economies for increasing the penetration of information technology in the medical field. In addition, the increasing geriatric population is likely to serve as a key factor fueling the Europe eHealth market growth.

Key Players

• Allscripts Healthcare, LLC
• IBM
• Siemens Healthineers
• Epic Systems Corporation
• Hexoskin, Chronolife SAS
• Koninklijke Philips N.V.
• Apple Inc.
• WHOOP
• Silvertree
• HealthWatch Ltd.
• Athos
• Biodevices SA
• Emglare
• GetEnflux
• Bioserenity
• AiQ
• Athos
• Medtronic
• Team PRO
• Sensori
• Supa

Market Segmentation

• By Product Outlook

• Big Data for Health
• Electronic Health Record (EHR)
• Health Information Systems (HIS)
• mHealth
• Telemedicine
• By Services Outlook
• Monitoring

• Vital Signs

• Wristwear
• Bodywear (Garments)
• Others
• Specialty
• Adherence Monitoring
• Accessories
• Sensors
• Others
• Diagnostic
• Healthcare Strengthening
• Others
• By End-use Outlook
• Providers
• Insurers
• Healthcare Consumers
• By Regional Outlook
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Switzerland