eHealth Devices Market Growth & Trends
The global eHealth devices market size is estimated to reach USD 28.1 billion by 2028 by advancing at a CAGR of 9.4% from 2022 to 2028, according to a new report by Grand View Research, Inc. The market growth for eHealth is significantly driven by the increasing demand for blood pressure meters and care phone/social alarms from the rising geriatric population around the world. The rapidly increasing sedentary lifestyle and lack of physical activity have given rise to various lifestyle diseases such as obesity and diabetes. The rising prevalence of chronic lifestyle diseases is expected to propel market growth in the near future. Technological developments and product launches with more sophisticated functioning and accuracy are expected to boost market growth. However, the high cost of devices and privacy issues will act as restraints for the eHealth device market.
eHealth Devices Market Segmentation
Grand View Research has segmented the global eHealth devices market based on type and region:
Based on the Type Insights, the market is segmented into Blood Pressure Meters, Fever Meters, Glucose Meters, Care Phone/Social Alarms.
- The eHealth devices market is dominated by the glucose meters segment, which accounted for around 34% of the revenue share in 2021. The smart glucose meter continuously detects the blood glucose level and collects information that is transmitted via electronic signals. The global prevalence of diabetes and growing awareness about diabetes care solutions is driving the demand for glucose meters. Moreover, the continuous tracking of glucose automatically provides an advantageous solution compared to the traditional one-time self-monitoring glucose devices.
- In the eHealth device market, the blood pressure meter segment is anticipated to witness the highest CAGR of 9.8% from 2022 to 2028. With the hectic and stressful lifestyle globally, the cases of heart problems and blood pressure are increasing rapidly. The risk of high blood pressure and hypertension increases with age, generally above 45 years. The geriatric population in 2019 worldwide was 703 million. This number is increasing at a fast pace, according to UN data; the world population above 65 years in 2030 will reach 997 million. This leads to the increasing demand for blood pressure meter devices.
eHealth Devices Regional Outlook
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East and Africa (MEA)
Market Share Insights
- November 2020: Abbott Laboratories announced the launch of the FreeStyle® Libre system, a continuous glucose monitoring (CGM) technology for adults and children in India.
- October 2019: Omron Healthcare Inc., a division of Omron Corporation, launched redesigned models of its blood pressure monitors with a sleeker design and more connectivity with the Omron Connect app.
Key Companies Profile & Market Share Insights
The market is characterized by the presence of key global players and numerous local small players. Notable competitors operating in the global market for eHealth devices are focusing particularly on R&D and product innovation, in order to provide smart, convenient, and accurate devices.
Some of the prominent players operating in the global eHealth devices market include,
- Omron Corp.
- Apple Inc.
- Medtronic Plc.
- DexCom, Inc.
- Nokia Corporation
- PHC Holdings Corporation
- Abbott Laboratories
- Hoffmann-La Roche AG
- Doro AB
Order a free sample PDF of the EHealth Devices Market Intelligence Study, published by Grand View Research.
The global eHealth market is driven by factors such as increase in technological developments, innovations, and rise in use of digital devices for addressing medical needs.
Pharmacy and hospitals enjoy a significant market share due to expanded services, increased market reach and competitive pricing for therapy and consultation.
eHealth industry in Europe gains a broader attention owing to home delivery services and use of apps to attend medical needs.
Market Segment: eHealth Service Outlook (Revenue, USD Billion, 2012 - 2022)• Monitoring Services• Vital Sign Monitoring• Special Monitoring• Adherence Monitoring• Accessories• Sensors• Others• Diagnosis Services• Healthcare System Strengthening• Others eHealth Type Outlook (Revenue, USD Billion, 2012 - 2022)• Electronic Health Record (EHR)• E-Prescribing• Clinical Decision Support• Telemedicine• Consumer Health Informatics• Health Management• mHealth• Healthcare Information System eHealth End-use Outlook (Revenue, USD Billion, 2012 - 2022)• Providers• Public and Private Insurers• Government• Healthcare Consumers eHealth Regional Outlook (Revenue, USD Billion, 2012 - 2022)• North America• U.S.• Canada• Europe• UK• Germany• Asia Pacific• Japan• China• Latin America• Brazil• MEA• South Africa Browse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/e-health-market Table of Content Chapter 1.
List of Data Sources Chapter 2.
E-Health Market - Value Chain Analysis3.6.
According to the new market research report eHealth Market is expected to reach USD 132.35 Billion by 2023 from USD 47.60 Billion in 2018, at a CAGR of 22.7%.Factors driving market growth include the regulatory mandates and government initiatives for the implementation of eHealth solutions; growing mHealth, telehealth, and remote patient monitoring markets; and increasing need to curtail the escalating healthcare costs.
In addition, the emerging market in China, India, and Australia; rising shift towards patient-centric healthcare delivery; and growing use of eHealth solutions in outpatient care facilities are further increasing the demand for eHealth solutions and services.Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=11513143In 2017, the eHealth solutions segment accounted for the largest share of the eHealth market.
The eHealth solutions segment will continue to dominate the eHealth market, mainly due to the high demand of eHealth solutions due to the benefit of improved patient safety and patient care, stringent regulations, increasing government initiatives supporting the growth of these solutions, and the need to improve the efficiency of healthcare services by reducing medical errors.Healthcare consumers are expected to register the highest CAGR during the forecast period.
The growth in this end-user segment can be attributed to the factors such as the increasing number of people requiring remote patient monitoring, rising demand for personalized care, and high penetration of digital technologies in the healthcare industry.In 2017, North America dominated the global eHealth market.
The large share of this regional segment can be attributed to the region’s favorable regulatory scenario, the high adoption of eHealth solutions to curtail soaring healthcare costs, regulatory requirements regarding patient safety, and the presence of a large number of healthcare IT companies.Get Sample Pages: https://www.marketsandmarkets.com/requestsample.asp?id=11513143Research MethodologyTop-down and bottom-up approaches were used to validate the size of the global eHealth market and estimate the size of various other dependent submarkets.
Major players in the market were identified through secondary sources secondary sources; directories; databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, journals and associations such as American Health Information Management Association, Ohio Health Information Management Association and their market revenues were determined through primary and secondary research.
eHealth Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global eHealth industry with a focus on the Chinese market.
The report provides key statistics on the market status of the eHealth manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014–2024 global and Chinese eHealth market covering all important parameters.The key points of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014–2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of eHealth industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019–2024 market development trends of eHealth industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of eHealth Industry before evaluating its feasibility.Critical Questions Addressed by the Report What are the current trends that are driving the EHealthmarket?Where will all these developments take the industry in the mid- to long-term?Who are the top vendors in the EHealthmarket and what is their competitive analysis?How is adoption of EHealthsolutions among different industries?How is the adoption of EHealthsolutions among different regions?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-ehealth-2019-2024-891There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of eHealth as well as some small players.
At least 11 companies are included:CernerAllscriptsMckessonPhilipsSiemens HealthineersIBMThe information for each competitor includes:Company ProfileMain Business InformationSWOT AnalysisSales, Revenue, Price and Gross MarginMarket ShareFor product type segment, this report listed main product type of eHealth market in gloabal and china.Product Type IProduct Type IIProduct Type IIIFor end use/application segment, this report focuses on the status and outlook for key applications.
End users sre also listed.Healthcare ProvidersHealthcare ConsumersPharmaciesOthersReasons to Purchase this Report:Estimates 2019–2024 eHealth market development trends with the recent trends and SWOT analysisMarket dynamics scenario, along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.Market value (USD Million) and volume (Units Million) data for each segment and sub-segmentCompetitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players1-year analyst support, along with the data support in excel format.Any special requirements about this report, please let us know and we can provide custom report.What is the regional structure of the market?
To gain an in-depth analysis of the market, it provides information on key market participants, factors driving eHealth , precise estimation of the eHealth size, upcoming trends, changes in consumer behavioral pattern, market's competitive landscape, key market vendors, and other Industry features.
Furthermore, the study is a compilation of both qualitative and quantitative assessments by industry experts as well as industry participants from all stages of the value chain.eHealth Market Key Players Analysis:• Medtronic• IBM• Siemens Healthineers• Optum (A Subsidiary of Unitedhealth Group, Inc.)• Philips• Mckesson• Cerner• Epocrates Inc.• Telecare Corporation• MEDISAFE• Set Point Medical• Doximity, Inc.• Koninklijke Philips N.V• Siemens HealthineerscRequest For View Sample eHealth Market Report Page:https://www.maximizemarketresearch.com/request-sample/3243The research report goes into detail on eHealth market revenue, parent market trends, macroeconomic indicators, governing variables, and market attractiveness by market segment.
The study gives an outline of the Instant eHealth growth rate for the forecast period, which is 2021.The research also evaluates the qualitative impact of major market drivers on different market segments and geographies.The market is segmented by product type, application, technology, and geography, according to the study.The research report seeks to provide an organized and methodical strategy for key industry factors that have influenced the market in recent years, as well as future market prospects that businesses can rely on.
It provides readers with clear market research to help them make better judgments and decisions about whether or not to invest.The research provides an in-depth study of the most prominent players who are projected to contribute to the growth of the eHealth throughout the forecast period, as well as an analysis of the future dynamics.The market report also provides an accurate assessment of the company strategies and business models that firms use to stay competitive and lead in the industry.
Mergers and acquisitions, partnerships, and collaborations are some of the most essential moves firms are taking to increase their regional and global reach.Furthermore, the players are releasing a new line of items to diversify their portfolio by incorporating cutting-edge technology into their operations.COVID-19 impact:The study has been updated to include the consequences of the current COVID-19 pandemic.
The paper examines these developments in-depth and presents an accurate projection estimate of market growth following the pandemic's impact.eHealth Market segment:The market has been segmented into segments such as product type and application, according to the report.Each segment is assessed based on its market share and growth rate.
