From 2022 to 2032, the real-time e-healthcare system market is projected to expand at a compound annual growth rate (CAGR) of 6.9%. It is anticipated to have increased in value from US$ 29 billion in 2020 to US$ 47 billion by 2027. A real-time electronic health system is among the best ways to save and track your medical records from anywhere in the globe at any time. Patients should always contact their doctors to voice any concerns they may have about their health. Without the assistance of a third party, they can also rely on themselves to check for an immediate result. These days, things are made to be more user-friendly and aesthetically pleasing due to rapid innovation and sophisticated technology.
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.
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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.
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.
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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).
Key Segments
By Type:
- Client Server Based
- Web Based
- Software as Services
By Application:
- Ambulatory surgery centres
- Hospital
- Physician Office
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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