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Recent research: Global e-health market growth with the CAGR value of 14.56%

The global electronic health (eHealth) market is growing at a swift pace and is projected to witness robust growth in the coming years. Technological developments, innovations, and the use of electronic devices are augmenting the global eHealth market.

The increasing adoption of these systems by medical practitioners across the globe is anticipated to offer promising opportunities for prominent players in the market.

The global e-Health market is estimated at USD 124 billion in 2017 and is projected to reach USD 244 billion by 2022, growing at a CAGR of 14.56% during the forecast period.

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The ability of e-Health solutions to provide cost-effective healthcare delivery, public health, research and health-related activities that can benefit, both low and high-income countries, has led to WHO promoting e-Health services. Urging member states to consider drawing up a long-term strategic plan for developing and implementing e-Health services in various areas of the health sector, is one of the other factors that will contribute to growth in the sector.

Growth in Internet of Things (IOT) and advancement of technology, along with growing demand for population health management and the need to cut healthcare cost, including clinical, financial and administrative, has led to soaring demand for e-Health solutions, globally. Information & Communication Technologies (ICT) are powerful instruments/assets, especially in the healthcare system.

Adoption and advancement in ICT, growing number of mobile and internet users, miniaturization and declining costs of sensors and other devices are other key drivers of this market.

Currently, North America is the largest market, globally, followed by Europe; while APAC is the fastest growing segment. The global e-Health market can be segmented by type of service into clinical (e-Health record, e-Medical record, e-prescribing, smart wearable, clinical decision support system, laboratory information system, telemedicine, mHealth, and others), financial (healthcare revenue cycle management and healthcare asset management), by end-user (healthcare organizations (hospitals, laboratories, and clinics), government organizations, patients/ individuals) and by geography (North America, Europe, Asia-Pacific, the Middle East and North Africa (MENA) and Latin America).

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