loader
report-image

Europe Telemedicine Market Size - by Application (Tele-Radiology, Tele-Pathology, Tele-Dermatology, Tele-Cardiology, Tele-Numerology, Emergency Care, Home Health), By Service (Real-Time Interactive, Tele-Monitoring, Store-and-Forward), by Technology (Hardware, Telecommunications, Software), By End User (Tele-Hospitals, Tele-Homes), By Country (United Kingdom, Germany, France, Italy, Spain, Rest of Europe) and by Region: Global & Forecast, 2024-2033

  • PUBLISHED ON
  • 2023-12-08
  • NO OF PAGES
  • 214
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

Europe Telemedicine Market is projected to achieve a value of USD 25.3 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 60.32 Billion by 2033 with a CAGR of 13.35% during the forecast period 2024-2033.

 

SOURCE: We Market Research

The telemedicine market represents the usage of digital communication technologies for remote healthcare services. It consists of digital tools that facilitate virtual consultations, remote monitoring, and remote access to healthcare. The industry has expanded as a result of technological advancements and increased digital connectivity, offering simple healthcare solutions, removing regional barriers, and improving patient care. The growth of the telemedicine market, driven by improvements in internet infrastructure and evolving healthcare demands, will impact healthcare delivery.

The Europe Telemedicine Market is being driven by several factors, including the increased demand for remote healthcare services due to the COVID-19 pandemic, government initiatives supporting the adoption of telehealth, easier access to high-speed internet infrastructure, rising investments in digital health technologies, and a shift toward patient-centric care models. In addition, the aging population and the need for cost-effective healthcare solutions have led to a rise in the use of telemedicine in Europe, which has promoted innovation and improved healthcare accessible.

Market Scope

Report Attributes

Description

Market Size in 2023

USD 25.3 Billion

Market Forecast in 2033

USD 60.32Billion

CAGR % 2024-2033

13.35%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2023-2033

Growth Drivers

Telemedicine helps overcome geographical barriers, making healthcare services more accessible to individuals in remote or underserved areas. This is particularly relevant in countries with vast rural areas.

Government support and initiatives aimed at promoting digital health and telemedicine have played a significant role in driving market growth. Policies that encourage reimbursement for telemedicine services can boost adoption.

Patients increasingly seek convenient and accessible healthcare services. Telemedicine provides a solution by enabling virtual consultations, remote monitoring, and prescription services from the comfort of the patient's home.

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Application, By Service, By Technology, By End User, By Country and By Region

Regional Scope

Europe

Country Scope

United Kingdom, Germany, France, Italy, Spain, Rest of Europe

Europe Telemedicine Industry:  Dynamics & Restrains

Market Drivers

Advancements in digital health technologies - Advances in digital health technology, such telemedicine platforms and remote monitoring systems, have drastically transformed healthcare in Europe. Smooth video chats and safe data transmission are made possible by improved connectivity. High-speed internet and mobile networks make this possible. Wearable technology and AI-driven analytics work together to enable real-time monitoring and personalized treatment plans. The post-pandemic shift, more patient acceptability, and supportive policies have all contributed to the telemedicine adoption trend. This convergence enhances remote patient care, optimizes healthcare services, and expands access to healthcare, driving the European telemedicine market toward more efficiency, accessibility, and patient-centricity.

Increasing Need for Remote Patient Monitoring - The European telemedicine market is being driven by the increasing need for remote patient monitoring. As the population ages and the frequency of chronic diseases rises, telemedicine offers continual health tracking and management, particularly for seniors and people with chronic illnesses. It enhances post-operative recovery, lowers costs, and makes the best use of healthcare resources by enabling remote care. It crosses geographical boundaries to provide remote communities with vital services. The COVID-19 epidemic underscored its essentiality by elevating integration and acceptance rates. The growing need for remote patient monitoring confirms telemedicine's vital position in the European Union's delivery of reasonably priced, efficient, and customized healthcare.

Market Restrains

Data Privacy and Security Concerns - In Europe, concerns over privacy and data security are significant barriers to telemedicine market expansion. Healthcare providers find it more difficult to adhere to stringent data privacy regulations such as GDPR when they transmit sensitive patient data. Numerous cyber threats affect confidential health records and erode trust. Complex encryption and problems with data storage make vulnerabilities worse. Patients' reluctance to share data due to worries about misuse impedes adoption. Finding a balance between convenience and moral responsibility is a challenging task. Thorough patient education, ongoing compliance initiatives, and robust cybersecurity measures are required to overcome these challenges and progress the European telemedicine sector.

Europe Telemedicine Segmentation

Market- By Application Analysis

By Application, the Europe Telemedicine Market is Categories into Tele-Radiology, Tele-Pathology, Tele-Dermatology, Tele-Cardiology, Tele-Numerology, Emergency Care, Home Health. The Tele-Radiology segment accounts for the largest share of around 30% in 2022.


The growing need for rapid and precise diagnosis is met by tele radiology, which enables quicker interpretation of medical images. It also improves access to radiologists, particularly in underserved or remote places, enhancing the quality of healthcare.

The following segments are part of an in-depth analysis of Europe Telemedicine Market:

Market Segments

 

By  Service

·         Real-Time Interactive

·         Tele-Monitoring

·         Store-and-Forward

By  Technology

·         Hardware

·         Telecommunications

·         Software

By  End User

·         Tele-Hospitals

·         Tele-Homes

By Country

·         United Kingdom

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Pointers Covered

The Europe Telemedicine Market Analysis Report provides a comprehensive analysis of the market. The report discusses market segmentation, DROS, and the product portfolios of the key market player companies in the Europe. It also provides the launch or research of new drugs, moreover advancements in the sector including collaborations, mergers, and acquisitions, as well as the impact of the COVID-19 pandemic on the market. The study also offers insights into market trends and an analysis of industry dynamics.

Competitive Analysis

The Europe Telemedicine Market is dominated by a few large companies, such as

·         Cerner Corporation

·         GE Healthcare

·         Medtronic, Inc.

·         IBM Corporation

·         Biotelemetry

·         All Scripts Healthcare Solutions Inc.

·         AMD Global Telemedicine

·         Phillips Healthcare

·         Mckesson Corp

·         Honeywell Lifesciences

·         Aerotel Medical Systems

·         Polycom, Inc.

·         SHL Telemedicine

·         Others

There are some of the key trends that are shaping the competitive landscape of the Europe Telemedicine Market.

·         March 2021, International investors have invested a staggering USD 40 million in PlusDental, a health tech startup based in Berlin. This kind donation will help the telemedicine start-up PlusDental expand their online dental treatment offerings and expedite their company's entry into the European market.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Europe Telemedicine Market in 2022?

Europe Telemedicine Market was valued at USD 23.1 Billion in 2022.

What is the growth rate for the Europe Telemedicine Market?

Europe Telemedicine Market size will increase at approximate CAGR of 13.35% during the forecasted period.

Which are the top companies operating within the Europe Telemedicine Market?

Major companies operating within the Europe Telemedicine Market are Cerner Corporation, GE Healthcare, Medtronic, Inc., IBM Corporation, Biotelemetry, All Scripts Healthcare Solutions Inc., AMD Global Telemedicine, Phillips Healthcare, Mckesson Corp, Honeywell Lifesciences, Aerotel Medical Systems, Polycom, Inc., SHL Telemedicine and Others.

CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $3950

Only Three Thousand Nine Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $4950

Only Four Thousand Nine Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5950

Only Five Thousand Nine Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI