About Online Healthcare Technology
Medical technology is a comprehensive field where innovation plays a vital role in supporting health. Areas like biotechnology, information technology, pharmaceuticals, the development of medical devices and equipment, and more have all made substantial contributions to refining the health of people globally. Online healthcare cover a variety of medical services offered through various media such as email, telephone, and/or the internet. While a form of telehealth has existed for several decades, the new frontier is in physician-to-patient communication and healthcare through websites and apps which offer more services than ever before.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Online Healthcare Technology market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Optum (United States), Cerner (United States), Cognizant (United States), Change Healthcare (United States), Philips Healthcare (Netherlands), Epic Systems (United States), Dell Technologies (United States), Allscripts (United States), Flatiron Health Inc. (United States), Tempus (United States), Flatiron Health (United States), VillageMD (United States), Collective Health (United States), Rally Health (United States), Verge Genomics (United States), QuiO (United States) and PatientPop (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Online Healthcare Technology market by Type (Telehealth, Cloud Computing, Artificial Intelligence, Healthcare Analytics, Revenue Cycle Management (RCM), Picture Archiving and Communication Systems (PACS), Vendor-Neutral Archives (VNA), Enterprise Health Records (EHR) and ePrescription), Application (Healthcare Providers, Healthcare Payers and Others) and Region.
On the basis of geography, the market of Online Healthcare Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. Hardware will boost the Online Healthcare Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Generation of Data and Need For Big Data Analytics
Market Growth Drivers:
Increasing Government Support and Favorable Initiatives and Need To Curtail Escalating Healthcare Costs
Challenges:
Technical Challenges for EHR Systems and Data Security Concerns
Restraints:
High Costs of Solutions, Implementation, and Infrastructure
Opportunities:
Growing Demand and Adoption of Telehealth and Rising Adoption of AI and Analytics In Healthcare
There are many provisions of the 21st Century Cures Act (Cures Act) that will improve the flow and exchange of electronic health information. ONC is responsible for implementing those parts of Title IV, delivery, related to advancing interoperability, prohibiting information blocking, and enhancing the usability, accessibility, and privacy and security of health IT and In India- Information Technology Act, 2000 (“IT Act”): The IT Act was enforced to provide legal recognition to transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as "electronic commerce", which involve the use of alternatives to paper-based methods of communication and storage of information.
Key Target Audience
Online Healthcare Technology Providers, IT Industry, Healthcare Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.