North America And Europe eHealth Market Size, Share & Trends Analysis Report By Product (Health Information Systems (HIS), Telemedicine), By Services, By End-use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The North America and Europe eHealth market size was valued at USD 147.93 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.5% from 2022 to 2030. The growth of IoT and technological advances leading to an increase in the desire for mobile technology and the internet and increasing demand for population health management are all pushing factors for the e-health market. Over the projection period, lifestyle-related illnesses such as blood pressure and diabetes are expected to rise. As a result, the growing public awareness of eHealth and the rising acceptance of eHealth among healthcare professionals, together with evidence of the efficacy of adopting this technology, are anticipated to result in significant growth of this industry.

Over the projection period, the COVID-19 influence is projected to drive the market for eHealth solutions. Allscripts Healthcare, for example, has launched a package of COVID-19 solutions for hospitals that address disease-specific requirements inside SunriseTM EHR, Allscripts Care Director, and Parago EHR to reduce screening and monitoring time. These screening steps will help you identify and track patients who have confirmed or suspected coronavirus infection (COVID-19). Proactively identifying individuals at various risk levels for COVID-19 infection can help reduce the transmission of the virus, primarily by assuring adequate care in all healthcare settings and attaining high-quality outcomes.

Almost every country is grappling with the crisis. Most markets are declining as a result of the COVID-19 pandemic, which has harmed a variety of healthcare-related industries. This pandemic is projected to provide future growth prospects for the e-health sector. Cerner Corporation, GE Healthcare, and Allscripts are among the leading suppliers in the e-health sector. These suppliers have manufacturing facilities distributed across North America, Asia Pacific, Europe, South America, and the rest of the world. COVID-19 has also influenced their enterprises. For example, GE Healthcare and Microsoft expanded their established partnership in April 2020 to introduce a cloud-based COVID-19 patient intensive care software for health systems, which will help the e-health sector grow even faster. Furthermore, e-health providers have taken on the duty of giving a global overview of the current e-health solutions.

Rising government initiatives promoting the use of eHealth solutions and services, a surge in the requirement to manage regulatory compliance through the use of e-health solutions, and a lack of healthcare professionals are all driving the global e-health industry forward. Conversely, medical professionals' reluctance to adopt advanced e-health solutions and the high cost of deployment and maintenance are impeding the market growth. In contrast, the expansion of mHealth, telehealth, and remote patient monitoring markets and the increased use of e-health solutions in outpatient care facilities are likely to present lucrative growth possibilities for the industry. 

The use of electronic health records and e-prescriptions has expanded in recent years and is expected to continue to grow in the coming years. These systems rely on interoperable digital platforms to allow the interchange of health operations, and such data is likely to move across borders in the future to improve healthcare administration. For instance, Americans who have flown to India for a vacation receive all their healthcare paperwork and drug prescriptions at an Indian pharmacy. Furthermore, the medical tourism business will benefit from this.

Product Insights

The health information system (HIS) segment held the largest revenue share of over 35.0% 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 65.0% 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 50.0% 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 60.0%. 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 Companies & Market Share Insights

The eHealth market in North America and Europe is fairly competitive. The most notable participants in the market are Allscripts Healthcare, LLC, IBM, Philips Healthcare, and Siemens Healthineers along with other providers of eHealth. These players are involved in new product launches, product innovations, acquisitions, and partnerships to gain a competitive edge over each other. For instance, in October 2021, Allscripts Healthcare, LLC introduced the Allscripts Practice Management platform, which enables the management of real-time schedule data of patients who visit the hospital. The platform makes use of Artificial Intelligence (AI) to enhance patient care.

Moreover, in August 2021, Koninklijke Philips N.V. introduced Philips Acute Care Telehealth and Patient Flow Capacity Suite, two new health solutions in telehealth the company’s platform portfolio. These digital health systems support patient care with fewer resources at lower medical costs.

Some prominent players in the North America and Europe eHealth market include:

• 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

North America And Europe eHealth Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the regional and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this report, Grand View Research has segmented the North America and Europe eHealth market report on the basis of product, services, end-use, and region:

• Product Outlook (Revenue, USD Billion, 2017 - 2030)

  • Big Data for Health

  • Electronic Health Record (EHR)

  • Health Information Systems (HIS)

  • mHealth

  • Telemedicine

• Services Outlook (Revenue, USD Billion, 2017 - 2030)

  • Monitoring

    • Vital Signs

      • Wristwear

      • Bodywear (Garments)

      • Others

    • Specialty

    • Adherence Monitoring

    • Accessories

      • Sensors

      • Others

  • Diagnostic

  • Healthcare Strengthening

  • Others

• End-use Outlook (Revenue, USD Billion, 2017 - 2030)

  • Providers

  • Insurers

  • Healthcare Consumers

• Regional Outlook (Revenue, USD Billion, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

    • Switzerland