Meticulous Research forecasts that the European telehealth market will reach $151.01 billion by 2030, growing at a compound annual growth rate (CAGR) of 18.2% from 2024. The report, “Europe Telehealth Market by Component, Application, End User – Forecast to 2030” , identifies several factors driving this growth. Government initiatives to digitize healthcare systems, reduce costs, and address the rising number of chronic diseases are key contributors to the expanding telehealth market in Europe. Furthermore, the increasing adoption of advanced technologies like AI, virtual assistants, and telerobots offers a promising growth trajectory for the industry.

Download Sample Report Here @  https://www.meticulousresearch.com/download-sample-report/cp_id=5638

Despite these positive trends, the market is expected to face challenges, particularly in terms of patient privacy concerns, reluctance to adopt new systems, and the possibility of misdiagnoses via telehealth platforms. As the market grows, overcoming these challenges will be crucial for continued success.

Key Companies Shaping the European Telehealth Landscape

Prominent companies in the European telehealth market include Aerotel Medical Systems , Medtronic Public Limited Company , Koninklijke Philips N.V. , Siemens Healthineers AG , Teladoc Health, Inc. , and American Well Corporation , among others. These players are leading the development of innovative solutions to meet the rising demand for remote healthcare services.

Market Segmentation

The European telehealth market is segmented by Component , Application , End User , and Region .

Component :

• Services (Real-time consultations, remote patient monitoring, store-and-forward systems)
• Hardware (Medical peripheral devices, telemedicine kiosks, monitors)
• Software (Cloud-based and on-premise solutions)

Among these components, the Services segment is expected to maintain the largest market share by 2024. Teleconsultation and telemonitoring services are particularly in demand due to the increasing burden of chronic illnesses and the need for efficient, cost-effective healthcare solutions.

Application : The market is also categorized by Application , covering areas like Psychiatry , Cardiology , Radiology , Primary Care , Dermatology , and Remote ICU . Of these, Psychiatry is anticipated to dominate in 2024. The increasing prevalence of mental health disorders in Europe, along with a lack of sufficient psychiatric care, is creating an urgent need for telehealth solutions in this sector. According to the World Health Organization (WHO), over 150 million people in the European region were living with mental health conditions in 2021, with many not receiving the necessary care.

End User : The Healthcare Providers segment is projected to hold the largest market share by 2024, primarily due to the increasing demand for healthcare services amidst a shortage of medical professionals across Europe. The staffing shortfalls are severe in some regions. For example, in 2021, reports from EURACTIV MEDIA NETWORK BV highlighted a crisis in Italy's healthcare system, with protests over the lack of healthcare staff and poor working conditions. Germany has also been affected, with BR24 NEWSLETTER reporting 8,000 vacant positions in intensive care units and 14,000 unfilled nursing positions in hospitals. These shortages are accelerating the adoption of telehealth services by healthcare providers.

Regional Insights

Geographically, Germany is expected to dominate the European telehealth market by 2024, accounting for the largest market share. Several factors contribute to Germany’s leadership in this sector, including a growing elderly population, increasing healthcare expenditures, and government initiatives supporting the adoption of telemedicine. The country’s shortage of healthcare professionals further amplifies the need for telehealth services, which can help mitigate the effects of staffing deficits.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/europe-telehealth-market-5638

Key questions answered in the report-

• Which are the high-growth market segments in terms of component, application, end user, and country?
• What was the historical market for telehealth across Europe?
• What are the market forecasts and estimates for the period 2024–2030?
• What are the major drivers, restraints, opportunities, and challenges in the Europe telehealth market?
• Who are the major players in the telehealth market?
• How is the competitive landscape, and who are the market leaders in the Europe telehealth market?
• What are the recent developments in the Europe telehealth market?
• What are the different strategies adopted by major players in the Europe telehealth market?
• What are the geographical trends and high-growth countries?

Contact Us:
Meticulous Research®
Email-  sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn-  https://www.linkedin.com/company/meticulous-research