Ehealth Software and Services Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029
Ehealth Software and Services Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment and Forecast 2019 - 2029
Report Digest
EHealth Software and Services Market: Overview
The ehealth software and services market is rising at a stellar pace and is predicted to chart an impressive growth trajectory over the forecast period of 2019 to 2029. Vast rise in incidence of chronic diseases that requires availability of reliable emergency healthcare services is resulting in uptick in demand for ehealth service models. Ehealth services enables healthcare physicians to render healthcare remotely, especially for long-time patients such as elderly people and disabled people with limited mobility, and for follow-up patients.
The report on the ehealth software and services market is an all-important tool for valuable insights on demand dynamics, growth indices, and competitive landscape of the said market for the forecast period of 2019 to 2029.
EHealth Software and Services Market: Competitive Landscape and Notable Developments
The ehealth software and services market is intensely competitive with a large number of players who compete aggressively for large slice of the growth pie. Keen players in the ehealth software and services market are focused on forging partnerships and strategic alliances to enhance their market share. For example, in December 2019, Evident, a member of CPSI group of companies and Sunnybrook Health Sciences announced signing of definitive agreements to develop first-of-its-kind Canadian-made hospital information system (HIS) solution.
Prominent players operating in the ehealth software and services market include eHealth Technologies, Johnson and Johnson Healthcare Systems Inc., McKesson Corporation, GE Healthcare, Aerotel Medical Systems Ltd., and Allscripts Healthcare Solutions Inc. among others.
EHealth Software and Services Market: Key Trends
Rapid penetration of technology to serve the sheer volume of patients is a key factor fuelling the ehealth software and services market. Mounting burden on healthcare institutions to serve the surging number of patients with chronic diseases necessitated alternate mode of care. This led to the emergence of ehealth services.
Furthermore, thrust on public healthcare services to extend reliable healthcare at affordable costs led to the use of technology for wider outreach. Broadly, ehealth involves use of information and communication technologies for health.
Emergence of pandemic diseases is expanding the scope of growth of ehealth software and services market. For example, the outbreak of COVID-19 with millions of individuals worldwide testing positive for the disease, healthcare via physical spaces is an impossibility. In such a scenario, physicians, healthcare givers are using technology for consultation and treatment of symptoms. Prevention measures for the disease and first steps to be taken on the appearance of symptoms are broadcasted using technology. Automated messages via mobile service providers, social media channels are helping to spread preventive measures and reach out to large populations. Such initiatives are boosting the ehealth software and services market.
Technological advancements are expected to further aid the growth of ehealth software and services market. For example, in June 2020, Fitbit launched a new Ready for Work solution, wherein the device gives access to employees for key health metrics from their Fitbit device. Besides this, the device facilitates exposure, system and temperature logging to help employers with unprecedented challenge of returning to workplace during the COVID-19 pandemic.
EHealth Software and Services Market: Regional Outlook
The report covers ehealth software and services market across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America. Among them, is at the forefront in the ehealth software and services market. Vast penetration of technology in almost every sphere of everyday functioning, including healthcare makes North America leader in the ehealth software and services market.
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5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
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