Version 1: Comprehensive Overview of the Europe Telehealth Market

Meticulous Research , a leading global market research company, recently published a 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." According to this report, the telehealth market in Europe is projected to expand at a CAGR of 18.2% from 2024, reaching a valuation of $151.01 billion by 2030.

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The driving factors for this significant growth include increasing governmental support for the digitalization of healthcare systems and efforts to reduce overall healthcare costs. Additionally, the growing geriatric population and the rising incidence of chronic diseases such as diabetes and cardiovascular illnesses further propel market demand. Meanwhile, advancements in artificial intelligence (AI) and the introduction of virtual assistants and telerobots are expected to create growth opportunities in the market. However, concerns surrounding patient privacy, potential misdiagnoses, and resistance to transitioning from traditional healthcare systems may pose challenges to the telehealth industry in Europe.

Key Players in the Europe Telehealth Market

Prominent players in the European telehealth landscape include Aerotel Medical Systems Ltd. (Israel), Cerner Corporation (U.S.), Medtronic Public Limited Company (Ireland), Koninklijke Philips N.V. (Netherlands), AMD Global Telemedicine, Inc. (U.S.), and American Well Corporation (U.S.). Other important participants are Cisco Systems, Inc. (U.S.), Siemens Healthineers AG (Germany), Teladoc Health, Inc. (U.S.), TeleClinic (Germany), jameda GmbH (Germany), Zava (U.K.), Kry International AB (Sweden), kinderarztNOW (Germany), Fernarzt (U.K.), Doctolib (France), Cegedim SA (France), Medaviz (France), and HealthHero (U.K.).

Market Segmentation and Insights

The report divides the European telehealth market into several key segments: Component , Application , End User , and Geography .

Component :

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

Among these, the Services segment is expected to hold the largest market share in 2024. The growing demand for telehealth services, driven by a high prevalence of chronic diseases and an aging population, is a significant factor contributing to the dominance of this segment.

Application : The report also breaks down the market by application, covering areas such as Radiology , Cardiology , Psychiatry , Primary Care , Dermatology , and Remote ICU . Of these, Psychiatry is projected to account for the largest share by 2024, primarily due to the rising demand for mental health consultations. The World Health Organization (WHO) has reported that more than 150 million people in the European region were living with mental health conditions in 2021, and a considerable gap exists in the provision of adequate care.

End User : Among end users, the Healthcare Providers segment is anticipated to capture the largest market share in 2024. This is driven by the increasing need for healthcare services that are convenient, combined with a shortage of medical professionals in various European countries. For instance, in 2021, EURACTIV MEDIA NETWORK BV highlighted severe staffing shortages in Italy's healthcare system, where there were significant vacancies in emergency departments. Similar shortages have been reported in Germany's healthcare system, affecting intensive care units and hospital wards.

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

Geographic Insights

The report offers a geographic breakdown of the telehealth market across Germany , France , the U.K. , Italy , Spain , Benelux , the Nordics , and the Rest of Europe . Germany is expected to lead the European telehealth market in 2024, thanks to the country’s increasing adoption of telehealth services, an aging population, rising healthcare expenditure, and government initiatives to promote telemedicine. Additionally, Germany’s healthcare system is experiencing shortages of healthcare professionals, which further accelerates the demand for telehealth services.

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?

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