Global e-Health Market - By Application Type, Region - Trends, Market Shares, Forecasts (2015- 2020)

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Sep 22, 2015, 04:14 ET

LONDON, Sept. 22, 2015 /PRNewswire/ -- Information and communication technologies (ICT) are the key and powerful instruments/assets to the health systems. Growing administrative cost associated with the treatment and technological advancements ranging from electronic health records to transmission of clinical data has providing impetus to the demand for Electronic Health (e-Health) solutions in low-and middle-income countries (LMICs) along with the developed world.

The term e-Health was introduced in the 7th International Congress on Telemedicine and Tele-care in London in November 1999, by John Mitchell. Though the term has had many definitions, however, it can broadly defined as integration of electronic communication and information technology in the health sector in order to make it more convenient and cost effective.

With miniaturization and dropping costs of sensors, technological dispersion and innovations in the form of new applications to simplify and tackle new health related issues, will augment the growth of E-health market. In addition to the above factors, growth in usage of Smart Wearables, Smart Fabrics, Smartphones, Phablets and Tablets will provide further traction to the e-Health Market growth. However, fraudulent activities, privacy and security concerns, usability problems among others are considered to be the factors that will hinder the growth of the e-Health Market.

The ability of e-Health solutions to provide cost effective health-care delivery, public health, research and health-related activities that can benefit both low and high-income countries, has led to WHO, promoting e-Health services. Urging member states to consider drawing up a long-term strategic plan for developing and implementing e-Health services in the various areas of the health sector, is one of the other factor that will contribute to the growth in the sector.

Growth in IOT and advancement of technology along with growing demand for population health management and high administrative cost have led to soaring demand for e-Health solutions globally. E-health market is expected to grow at a CAGR of 14.56% over the period 2015 - 2020. In 2014, North America held the largest share of the e-Health Market, driven particularly by the mobile health market. Whereas, Asia Pacific will is poised to witness highest CAGR for the forecast period.

The Global e-Health Market report examines the overall marketplace based on the type of e- Health Service as Healthcare Database Management Systems, Clinical Decision Support Systems, Telemedicine, Healthcare Information Systems, m-Health, E-Prescribing, Knowledge Management Systems, and Grid Systems discussing in detail about the drivers and restraints of the market, and growth prospect of the industry across regions.

Some of the major players mentioned in the report are IBM, GE Healthcare, Allscripts Healthcare Solutions, Inc., CompuMed, Apple, Boston Scientific Corp and Cerner.

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