The real-time e-healthcare system market is projected to record a CAGR of 6.9% during the forecast period, up from US$ 29 Bn in 2020 to reach a valuation of US$ 47 Bn by 2027. Real-time e-healthcare system is one of the best ways to keep your health records and track it anytime, without any geographical constraint. Patients can always stay in touch with their doctors and communicate with them about any health issue. They can self-check also for an immediate result without any third party’s dependence. With advanced technology and rapid innovation, these days’ products are being made in such a way that it should be more consumer friendly and easy to use.
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Real-time e-healthcare system fulfills all the above criteria and hence, the market is growing at a positive rate.Recently, Kaiser Permanente implemented an EMR protocol in Community Health Centres in Oregon, US, to improve clinical decision support for patients with diabetes, which can remind them to prescribe hypertension medications to reduce heart attack and other strokes. iPatientCare EHR, Praxis, EMR, Insta HMS, e-MDs Chart, WRS Health, AccuMed, WEBeDoctor, A.I.med are some of the top Electronic Medical Records (EMR) software products.
Drivers & Restraints :
Technological advancement, increasing disposable income, increase use of online services, increase use of mobile devices, increased health cost and expenditure, increasing need of an integrated healthcare system are the most important driving factors in real-time e-healthcare system market. Sine real-time e-healthcare system reduces medical errors and easily accessible information, the demand for real time e-healthcare system has increased regardless of the geographical location.Lack of inexperienced professionals, high maintenance and service cost, privacy concerns, the complexity of systems, less presence of real-time e-healthcare system in rural areas including developed nations like Europe and are acting as a barrier for real-time e-healthcare system market.
Overview:
The real-time e-healthcare market has grown substantially at a healthy CAGR due to rising disposable income, increasing health awareness by consumers, ageing population and increasing healthcare expenditure. With rapid technological advancement and variety of options available in the market, real-time e-healthcare market is expected to grow globally. North America represents the largest market for this product category. Asia Pacific will emerge as the fastest growing region in real-time e-healthcare market.
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Region-wise Outlook:
The real-time e-healthcare market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, real-time e-healthcare market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is the fastest growing market due to the improved healthcare infrastructure and high healthcare cost and rising disposable income. Increase demand of cloud computing from the developed nations like Europe and North America may also increase the demand for real-time e-healthcare systems by the end of forecast period.
Real-Time E-Healthcare System Market:
Key Players:
Some of the key market players in real-time e-healthcare market are Fitbit, Garmin, Jawbone, Misfit Wearables, DexCom, Medtronic, Abbott, Cerner Corporation, GE Healthcare, Epic Systems Corporation, Medical Information Technology Inc. (MEDITECH).
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