US eHealth Market Analysis

US eHealth Market Analysis


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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.

ID: IN10USDH007 CATEGORY: Digital Health GEOGRAPHY: US AUTHOR: Shivam Zalke

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US eHealth Market Executive Summary

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.

us ehealth market analysis

Market Dynamics

Market Growth Drivers

  1. Rising medical expenses: Due to the high cost of healthcare in the US, interest in digital technology and services that can lower costs and boost efficiency is on the rise. Among other advantages, eHealth solutions can aid in lowering administrative expenses, enhancing care coordination, and avoiding needless hospitalizations.
  2. The growing demand for healthcare services that may be given remotely or through digital channels is being driven by the ageing American population. EHealth technology can enhance the quality of life, lessen the need for in-person visits, and assist older persons in managing chronic diseases.
  3. Chronic illness prevalence: In the United States, chronic conditions including diabetes, heart disease, and cancer are important cost drivers for healthcare. EHealth technology can assist patients in better managing certain illnesses, avoiding the need for expensive procedures like hospitalization.
  4. Convenience is something that patients are increasingly searching for in healthcare services, as well as flexibility. EHealth innovations give patients access to treatment anytime, anywhere, making it simpler for them to maintain their health and wellness.
  5. Government incentives: To encourage the adoption of eHealth technologies, the US government has put in place a variety of incentives, such as the Medicare and Medicaid EHR Incentive Programs and the 21st Century Cures Act, which has provisions to encourage interoperability and patient access to health data.
  6. Technological developments: New potential to enhance healthcare outcomes is being opened up by developments in technology like artificial intelligence, machine learning, and blockchain.

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.

Competitive Landscape

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:

  • Epic Systems: In the US, many healthcare providers rely on Epic Systems, a top supplier of electronic health record (EHR) systems. The business also provides a variety of additional eHealth products, such as telemedicine services, population health management software, and tools for patient interaction.
  • Another significant competitor in the EHR industry is Cerner Corporation, which provides a full range of healthcare IT solutions. EHRs, revenue cycle management software, clinical decision support tools, and telehealth services are among the company's goods and services.
  • EHR systems and a variety of other eHealth solutions are provided by Allscripts. Software for population health management, tools for managing the revenue cycle, and platforms for patient involvement are among the company's goods and services.
  • Teladoc Health: Teladoc Health is a well-known telehealth service provider that offers online consultations with medical professionals in many different disciplines. Several healthcare providers and payers in the US utilize the company's services.
  • Athenahealth: Athenahealth offers a variety of different eHealth options in addition to cloud-based EHR systems. Software for population health management, patient engagement tools, and revenue cycle management are among the company's goods and services.
  • A variety of AI-powered eHealth solutions are available from IBM Watson Health, including platforms for predictive analytics, population health management software, and clinical decision support tools.

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.

Healthcare Policies and Regulatory Landscape

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:

  1. HIPAA: Health Insurance Portability and Accountability Act National guidelines for the security of people's health information are established under the federal statute known as HIPAA. The law mandates the adoption of specific security and privacy measures by healthcare providers and other covered organizations to safeguard patient health information.
  2. Programs for Medicaid and Medicare: Millions of Americans are covered by Medicare and Medicaid, two significant government-funded healthcare programs. Several eHealth solutions are created to meet the regulations and specifications that these programs have for the usage of eHealth technology.
  3. ACA: The Affordable Care Act The federal statute known as the Affordable Care Act, or Obamacare, has had a profound effect on the American healthcare system. The law contains provisions pertaining to the adoption and utilization of eHealth technology, such as EHR adoption mandates and meaningful use incentives.
  4. Rules set out by the Food and Drug Administration (FDA) govern the use of medical equipment, including several eHealth technology. Several eHealth enterprises are required to abide by the agency's strict standards regarding the creation and application of medical devices.
  5. Rules of the Federal Trade Commission (FTC): The FTC is in charge of upholding consumer protection and antitrust laws. The organization has published instructions for using eHealth technology and has taken legal action against businesses that utilize dishonest or unfair business practices.

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

US eHealth Market Segmentation

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.

  • Big Data for Health
  • Electronic Health Record (EHR)
  • Health Information Systems (HIS)
  • mHealth
  • Telemedicine

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.

  • Monitoring Services
  • Vital Signs Monitoring
  • Specialty Monitoring
  • Adherence Monitoring
  • Accessories
  • Sensors
  • Others
  • Diagnostic Services
  • Healthcare Strengthening
  • Others

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.

  • Providers
  • Insurers
  • Government
  • Healthcare consumers

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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.

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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

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
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Last updated on: 03 April 2023
Updated by: Ritu Baliya

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