North America And Europe eHealth Market Size, Share & Trends Analysis Report By Product (Health Information Systems (HIS), Telemedicine), By Services (Monitoring, Diagnostics), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The North America and Europe eHealth market size was estimated at USD 168.9 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.2% from 2023 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 in this industry.

Over the projection period, the COVID-19 influence is projected to drive the market growth for eHealth solutions. Allscripts Healthcare, for example, launched a package of COVID-19 solutions for hospitals that addressed disease-specific requirements inside SunriseTM EHR, Allscripts Care Director, and Parago EHR to reduce screening and monitoring time. These screening steps helped identify and track patients who had confirmed or suspected coronavirus infection.

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. 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.

The e-health industry is being driven by increasing government initiatives that support the use of e-health solutions and services which has resulted in an increasing requirement for managing regulatory compliance through the use of e-health solutions, and a shortage of healthcare professionals. In contrast, the market growth is being hampered by the resistance of medical professionals to adopt cutting-edge e-health solutions and the high cost of deployment and maintenance. The industry is likely to experience profitable growth opportunities due to the growth of mHealth, telehealth services, and remote monitoring of patients’ markets as well as the rising adoption of e-health options in outpatient care facilities.

The use of electronic health records and e-prescriptions has expanded in recent years and is anticipated to continue to grow in the coming years. These systems rely on interoperable digital platforms that 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

In terms of product, the health information system (HIS) segment held the largest revenue share of over 35.0% in 2022. 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 growth in the forecast period. NXGN Management, LLC announced the establishment of a joint venture with Doctible in January 2020. By integrating Doctible's service with NextGen Office's cloud-based EHR and practice management (PM) platforms, this agreement is expected to support small businesses in retaining clients, promoting expansion, and delivering superior patient care.

The big data for the health segment is anticipated to grow at a significant CAGR of 12.3% over the forecast period. This can be attributed to the increasing availability and use of electronic health records, the growing adoption of digital health tools, and advancements in big data analytics. Large and intricate datasets that cannot be processed using conventional techniques are referred to as "big data." The use of big data in healthcare can help with disease management, diagnosis, treatment, and prevention.

As the healthcare industry transitions to digitalization, 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 instance, 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.

End-use Insights

In terms of end-use, the provider segment held the largest revenue share in 2022. 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: however, 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.

Services Insights

In terms of services, the monitoring segment held the largest revenue share of over 66.5% in 2022 and it is anticipated to grow at the fastest CAGR of 11.6% over the forecast period. 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 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. Another important factor accelerating the market growth is the increased emphasis on using smart devices & wearables to improve personal health and fitness.

Regional Insights

Based on region, North America dominated the market in 2022 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 grow at the fastest CAGR of 12.3% 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 fuelling the Europe eHealth market growth.

Key Companies & Market Share Insights

The eHealth market in North America and Europe is fairly competitive and the companies are undertaking strategies such as mergers & acquisitions, launches, and collaboration to gain a competitive edge over each other. In August 2022, Lyniate and CareCom announced the definitive merger agreement. The merger will enable Lyniate to support its strategy to offer connected and flexible interoperability capabilities to meet clinicians’ requirements and achieve standards of excellence.

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 in 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

North America And Europe eHealth Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the North America and Europe eHealth market report based on product, service, end-use, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Big Data for Health

  • Electronic Health Record (EHR)

  • Health Information Systems (HIS)

  • mHealth

  • Telemedicine

• Services Outlook (Revenue, USD Million, 2018 - 2030)

  • Monitoring

    • Vital Signs

      • Wristwear

      • Bodywear (Garments)

      • Others

    • Specialty

    • Adherence Monitoring

    • Accessories

      • Sensors

      • Others

  • Diagnostic

  • Healthcare Strengthening

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Providers

  • Insurers

  • Healthcare Consumers

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway