Europe Telehealth Market by Size, Share, Forecast, & Trends Analysis
[Redding,
California - Jan 26, 2024] - Meticulous Research, a premier global market
research firm, has recently released an in-depth research report titled, ‘Europe
Telehealth Market by Component [Hardware (Peripheral Devices, Monitor),
Software (Cloud, On-premise), Services (Real-time, Remote Monitoring)],
Application (Radiology, Cardiology, Psychiatry), End User (Provider, Payer) -
Forecast to 2030.’
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5638
In this latest publication,
Meticulous Research predicts a robust growth trajectory for the Europe
telehealth market, with a projected CAGR of 18.2% from 2023, surging to a
staggering $151.01 billion by 2030. Key drivers fueling this growth include
increased governmental support for digitalizing healthcare systems, a drive to
reduce healthcare costs, a rising geriatric population, and the escalating
prevalence of chronic diseases.
The market is also poised
to benefit from the expanding implementation of artificial intelligence and
virtual assistants, coupled with the development of cutting-edge telerobots,
providing ample growth opportunities. Nevertheless, concerns around patient
privacy and confidentiality may pose challenges to the market. Additionally,
the industry must contend with the reluctance to transition from traditional
systems and potential instances of misdiagnosis, creating hurdles for market
players.
Key Market Players
Leading the charge in the
Europe telehealth market are prominent entities such as Aerotel Medical Systems
(1998) Ltd. (Israel), Cerner Corporation (U.S.), Medtronic Public Limited
Company (Ireland), Koninklijke Philips N.V. (Netherlands), and other notable
names including AMD Global Telemedicine, Inc. (U.S.), American Well Corporation
(U.S.), and Cisco Systems, Inc. (U.S.).
Future Outlook
The Europe telehealth
market is meticulously analyzed and segmented by Component (Services, Hardware,
Software), Application (Psychiatry, Radiology, Cardiology, Primary Care,
Dermatology, Remote ICU, and Other Applications), and End User (Healthcare Providers,
Patients, Healthcare Payers, and Other End Users).
Noteworthy findings from
the report include:
- In 2023, the services segment is anticipated
to dominate the market, driven by a high demand for teleconsultation and
telemonitoring services, particularly due to the burden of a geriatric
population and chronic diseases.
- The psychiatry segment is expected to command
the largest market share in 2023, fueled by an escalating need for mental
health consultations and treatments, coupled with a shortage of primary
psychiatric care.
- The healthcare providers segment is projected
to hold the largest market share in 2023, driven by a surge in demand for
convenient healthcare services and a shortage of medical professionals.
Geographic Overview
The comprehensive analysis
spans across key European countries including Germany, France, the U.K., Italy,
Spain, Benelux, Nordics, and the Rest of Europe. Germany is poised to lead the
market in 2023, with factors such as increasing telehealth adoption, a growing
geriatric population, government initiatives, rising healthcare expenditure, a
surge in chronic illnesses, a shortage of healthcare professionals, and the
presence of key market players contributing to its significant market share.
About Meticulous Research®
Meticulous Research® was founded in 2010 and
incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private
limited company under the Companies Act, 1956. Since its incorporation, the
company has become the leading provider of premium market intelligence in North
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research, analyze, and present the critical market data with great attention to
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