The US eHealth market is projected to grow from $70 Bn in 2022 to $223 Bn by 2030, registering a CAGR of 15.6% during the forecast period of 2022-30. The US eHealth market is driven by factors such as increasing healthcare costs, an aging population, the prevalence of chronic diseases, and the need to improve healthcare outcomes. Digital technologies and services are seen as a way to address these challenges by improving patient engagement, increasing access to care, and reducing healthcare costs. Amazon Pharmacy is a recent entrant to the e-pharmacy market, offering prescription medications and other healthcare products through its online marketplace.
The US eHealth market is expected to grow from $70 Bn in 2022 to $223 Bn by the end of the projected period of 2022–2030, representing a CAGR of 15.6%.
The fast-growing US eHealth market includes a wide range of digital services and technologies with the goal of improving healthcare efficiency, accessibility, and quality. The eHealth industry encompasses a variety of technologies, such as electronic health records (EHRs), telemedicine, mHealth (mobile health) apps, remote patient monitoring, and online pharmacy.
Some of the factors driving the US eHealth business are rising healthcare costs, an ageing population, the prevalence of chronic illnesses, and the desire to improve healthcare outcomes. Digital technology and services are being examined as a way to solve these issues by increasing patient engagement, increasing access to treatment, and reducing healthcare expenditures.
One of the key factors driving the expansion of the US eHealth sector is the adoption of EHRs. Healthcare practitioners can access patient medical records stored electronically (EHRs) from a variety of places and circumstances. The US government has promoted EHR use through programs like the Medicare and Medicaid EHR Incentive Programs.
Telemedicine is another part of the US eHealth industry that is growing significantly. Telemedicine is the practice of providing patients with medical advice and cares over great distances while utilizing digital technologies. This may entail using mHealth applications to track and manage chronic diseases, remote monitoring of patients' vital signs, and video consultations with doctors.
The e-pharmacy industry, mostly dominated by a small number of large companies, accounts for a sizeable percentage of the US eHealth market. E-pharmacies are convenient and cost-effective alternatives to traditional brick-and-mortar pharmacies since they let clients buy medications online and have them delivered straight to their doorsteps.
The US eHealth industry is generally expected to grow over the next years, driven by ongoing innovation and the aim to improve healthcare outcomes in the nation. The market must also abide by many federal and state regulations, creating a complex regulatory framework to ensure patient safety and privacy.
Market Growth Drivers
As healthcare providers, patients, and policymakers increasingly realize the advantages of digital technology and services for enhancing healthcare outcomes and cutting costs, the US eHealth industry is anticipated to expand over the next years.
Key Players
Several businesses are competing fiercely for customers in the US eHealth industry, which offers a wide range of goods and services. The following are some of the major market participants:
These businesses rank among the most well-known and significant participants in the US eHealth industry overall. Yet, there are a lot of other businesses and startups working in the market, and the level of competition is always changing.
The regulatory and healthcare policy environment in the US eHealth sector is intricate and dynamic. Key laws and regulations that have an effect on the market include:
Overall, these laws and rules have a significant impact on how the US eHealth industry is developed. Businesses that operate in the market must traverse a complicated regulatory environment and guarantee that their goods and services abide by all pertinent laws and standards.
1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
Product (Revenue, USD Billion):
This substantial growth in eHealth can be attributed to transforming consumer preferences on account of increasing consumption and demand for data services coupled with the rapidly growing penetration of smartphones. In addition, 3G and 4G enabled services such as high-speed data transfer and video calling assist in fast healthcare delivery.
Service (Revenue, USD Billion):
Growing demand for self-monitoring devices that automatically monitors various physical activities and vital signs and generates a database, is expected to propel the growth of this segment.
End-use (Revenue, USD Billion):
eHealth Market offers great convenience to healthcare professionals in terms of patient workflow and data management. This is expected to contribute to the growth of the segment in the forthcoming years.
Insights10 will provide you with the reports within 10 key parameters which are:
Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.
Stage I: Market Data Collection
Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.
Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.
Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:
Stage II: Market Data Analysis and Statistical Model
Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.
Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.
The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.
The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.
Data Triangulation & Validation:
Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.
We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.
Stage III: Interpretation and Presentation
Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)
Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.
Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.
We value your inquiry and offer free customization with every report to fulfil your exact research needs.
The US eHealth Market is projected to grow from $70 Bn in 2022 to $223 Mn by 2030, registering a CAGR of 15.6% during the forecast period of 2022 - 2030.
The US eHealth market is highly competitive, with numerous companies offering a wide range of products and services. Some of the key players in the market include:
Epic Systems
Cerner Corporation
Allscripts
Teladoc Health
Athenahealth
IBM Watson Health
Overall, these companies are among the most prominent and influential players in the US eHealth market. However, there are many other companies and startups operating in the market, and the competitive landscape is constantly evolving.
This report addresses
Need more?