Global Real-Time E-Healthcare System Market: Overview
Even as the healthcare sector undergoes a transformative change from paper-based to digital healthcare records, TMR predicts greater change in this space with the advent of real-time e-healthcare systems. Both patients and healthcare providers are feeling the need to have access to healthcare records in real time. This has led software developers and IT solutions providers to respond via the development of real-time healthcare records and systems.
Simply stated, a real-time e-healthcare system is a digital health platform that allows instant access to healthcare records at any time and from any location. This enables constant communication between medical practitioners and their patients. Health conditions can be monitored more closely and efficiently. The latest generation of real-time e-healthcare systems has gone a step further by allowing patients to check their healthcare records against pre-set parameters to reduce dependence on a third party when doing so.
The unmatched degree of user friendliness afforded by real-time e-healthcare systems will thus prove to be the greatest driver for this market. This will help the market register a very healthy rate of growth, states the report.
Global Real-Time E-Healthcare System Market: Developments, Drivers, and Restraints
The market already features software products such as AccuMed, iPatientCare EHR, e-MDs Chart, and WEBeDoctor that interact with patients for functions ranging from reminding them to take their prescribed medication to notify patients about changes in their health parameters. Since human doctors cannot possibly work so closely with their individual patients, real-time e-healthcare systems are fast filling a void that has existed in the healthcare sector. Community health centers in the U.S. are already experiencing the benefits of deploying real-time e-healthcare systems to improve the quality of healthcare extended to patients.
However, as profitable as this space is turning out to be, it is not without its share of risks. Data breach and computational errors are two grave concerns that companies in the real-time e-healthcare system market need to work around. Moreover, the high cost of maintaining and upgrading such systems could work against their popularity.
Despite these concerns, consumers are expected to have a positive opinion of real-time e-healthcare systems, attracted to their convenience. The growing consumer spending on healthcare facilities, a spiraling use of mobile devices, the demand for home healthcare, and the increasing adoption of integrated healthcare systems on the whole are expected to prove advantageous to this market’s growth. With their initial bugs fixed, real-time e-healthcare systems now make negligible errors and their improve reliability with inspire confidence among consumers.
Global Real-Time E-Healthcare System Market: Important Segments
The report segments the global e-healthcare systems market basis product type, geography, and end user. The types of products via which real-time e-healthcare systems can be accessed by or connected to consumers include: mHealth applications, fitness bands, thermometers, blood glucose monitors, and clip-on monitoring devices. Geographically, the key segments of this market are: North America, Asia Pacific, Europe, and Rest of the World. Of these, North America currently represents the largest market for real-time e-healthcare systems. However, Asia Pacific is showing great potential as a profitable market for such systems; the region is expected to register a remarkable rate of growth.
Similarly, by end-user, the market can be segmented into: Individual users, pharmacies, hospitals (public or private).
The market is emerging as an intense competing ground for companies in the healthcare IT industry. Larger companies are acquiring start-ups and niche market players to strengthen specific areas in their portfolios. The companies that currently boast a stronghold in the market are: Medtronic, Fitbit, Jawbone, Garmin, DexCom, Misfit Wearables, GE Healthcare, and Cerner Corporation.
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