Europe Telemedicine Market Growth, Trends, Share, Size, Scope, Revenue and Future Competition
Europe Telemedicine Market Size- By Type, By Component, By Mode of Delivery, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2023 | Report ID: HLCA2331 | Pages: 1 - 156 | Formats*: |
| Category : Healthcare | |||
Europe Telemedicine Market Introduction and Overview
According to SPER Market Research, the Europe Telemedicine Market is estimated to reach USD 9.16 billion by 2033 with a CAGR of 9.05%.
The report includes an in-depth analysis of the Europe Telemedicine Market, including market size and trends, product mix, Textile Types, and supplier analysis. Telemedicine utilizes electronic and telecommunications technologies to facilitate the exchange of medical information, enabling healthcare interactions between a patient and their physician, even when they are not physically present in the same location. These interactions can range from basic medical consultations through text messaging to highly sophisticated procedures like remotely controlled surgeries.
- September 2022: Epocrates, a subsidiary of athenahealth, Inc., introduced Bugs + Drugs, a mobile application that provides healthcare professionals with data on bacterial strains and their susceptibility to antibiotics based on geographic locations defined by ZIP codes.
- February 2022: Vayamed, a German company specializing in medical cannabis, has entered into an exclusive partnership with Telaleaf, a telemedicine platform, to enhance the provision of telemedicine services for cannabis therapy in Germany.
Market Opportunities and Challenges
The opportunities for growth in the telemedicine sector in Europe is largely attributed to several key factors, including a high literacy rate, a growing elderly population, improved socio-economic conditions, an increase in chronic diseases, greater adoption of IT solutions in healthcare, heightened demand for primary care services, favourable policy developments, and advancements in telecommunications.
However, several challenges persist in the telemedicine market. The reliable internet connection is essential for telemedicine; nevertheless, certain rural or underserved regions may face limitations in accessing high-speed internet. Some healthcare providers may exhibit hesitation in adopting telemedicine technologies due to either a lack of understanding or concerns about potential impacts on their business models. Similarly, certain patients may be reluctant to embrace telemedicine, preferring in-person care or harboring privacy reservations. Additionally, the lack of insurance coverage for telemedicine services in certain countries may serve as a deterrent to its utilization.
Market Competitive Landscape
The European telemedicine market exhibits a moderate level of competitiveness, characterized by the presence of numerous companies operating on both a global and regional scale. The competitive landscape involves an assessment of several international and local firms that command substantial market shares and enjoy widespread recognition. Some of these prominent players include Aerotel Medical Systems Ltd, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., International Business Machinery Corporation, OTH.IO, Resideo Technologies Inc., Teladoc Health Inc., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Component, By Mode of Delivery, By End User |
| Regions covered | France, Germany, Italy, Spain, United Kingdom, Rest of Europe |
| Companies Covered | Aerotel Medical Systems Ltd, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., International Business Machinery Corporation, OTH.IO, Resideo Technologies Inc., Teladoc Health Inc., Others |
COVID-19 Impact on Europe Telemedicine Market
The rapid surge in COVID-19 cases across Europe, particularly affecting countries like Spain, Italy, Germany, France, and the UK, has had a profound impact on the European economy. The declaration of the COVID-19 outbreak as a pandemic by the World Health Organization marked a significant shift in medical practice. As quarantine measures and social distancing became the norm, in-person medical visits sharply declined, catapulting telemedicine to the forefront of healthcare. In response to the outbreak, Scotland has made progress by collaborating on a decision support tool for predicting severe COVID-19 cases. Telemedicine has witnessed a substantial surge in adoption during the pandemic, becoming the new standard for accessing healthcare.
Key Target Audience
- Health Insurance Companies
- Healthcare Facilities
- Healthcare Providers
- Home Health Services
- Investors and Venture Capitalists
- Medical Device Manufacturers
- Mental Health Professionals
- Patients
- Pharmaceutical Companies
- Pharmacies
- Telecommunication Companies
- Telemedicine Technology Companies
- Others
Our in-depth analysis of the Europe Telemedicine Market includes the following segments:
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| By Component: |
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| By Application: |
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| By End User: |
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Key Topics Covered in the Report
- Europe Telemedicine Market Size (FY’2023-FY’2033)
- Overview of Europe Telemedicine Market
- Segmentation of Europe Telemedicine Market By Type (mHealth, Telehomes)
- Segmentation of Europe Telemedicine Market By Component (Products, Services)
- Segmentation of Europe Telemedicine Market By Mode of Delivery (Cloud-based Delivery, On-premise Delivery)
- Segmentation of Europe Telemedicine Market By End User (Tele-Homes, Tele-Hospitals, Others)
- Statistical Snap of Europe Telemedicine Market
- Expansion Analysis of Europe Telemedicine Market
- Problems and Obstacles in Europe Telemedicine Market
- Competitive Landscape in the Europe Telemedicine Market
- Impact of COVID-19 and Demonetization on Europe Telemedicine Market
- Details on Current Investment in Europe Telemedicine Market
- Competitive Analysis of Europe Telemedicine Market
- Prominent Players in the Europe Telemedicine Market
- SWOT Analysis of Europe Telemedicine Market
- Europe Telemedicine Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Telemedicine Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Telemedicine Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Telemedicine Market
7. Europe Telemedicine Market, By Type (USD Million)
7.1. Europe Telemedicine Market Value Share and Forecast, By Type, 2023-20337.2. mHealth (Mobile Health)7.3. Telehomes
8. Europe Telemedicine Market, By Component (USD Million)
8.2. Products8.1. Europe Telemedicine Market Value Share and Forecast, By Component, 2023-20338.2.1. Hardware8.2.2. Software8.2.3. Other Products8.3. Services8.3.1. Telecardiology8.3.2. Teledermatology8.3.3. Telepathology8.3.4. Telepsychiatry8.3.5. Teleradiology8.3.6. Other Services
9. Europe Telemedicine Market, By Mode of Delivery (USD Million)
9.1. Europe Telemedicine Market Value Share and Forecast, By Mode of Delivery, 2023-20339.2. Cloud-based Delivery9.3. On-premise Delivery
10. Europe Telemedicine Market, By End User (USD Million)
10.1. Europe Telemedicine Market Value Share and Forecast, By End User, 2023-203310.2. Tele-Homes10.3. Tele-Hospitals10.4. Others
11. Europe Telemedicine Market Forecast, 2019-2033 (USD Million)
11.1. Europe Telemedicine Market Size and Market Share
12. Europe Telemedicine Market, By Type, 2019-2033 (USD Million)
12.1. Europe Telemedicine Market Size and Market Share by Type (2019-2026)12.2. Europe Telemedicine Market Size and Market Share by Type (2027-2033)
13. Europe Telemedicine Market, By Component, 2019-2033 (USD Million)
13.1. Europe Telemedicine Market Size and Market Share by Component (2019-2026)13.2. Europe Telemedicine Market Size and Market Share by Component (2027-2033)
14. Europe Telemedicine Market, By Mode of Delivery, 2019-2033 (USD Million)
14.1. Europe Telemedicine Market Size and Market Share by Mode of Delivery (2019-2026)14.2. Europe Telemedicine Market Size and Market Share by Mode of Delivery (2027-2033)
15. Europe Telemedicine Market, By End User, 2019-2033 (USD Million)
15.1. Europe Telemedicine Market Size and Market Share by End User (2019-2026)15.2. Europe Telemedicine Market Size and Market Share by End User (2027-2033)
16. Europe Telemedicine Market, By Region, 2019-2033 (USD Million)
16.1. Europe Telemedicine Market Size and Market Share by Region (2019-2026)16.2. Europe Telemedicine Market Size and Market Share by Region (2027-2033)16.3. France16.4. Germany16.5. Italy16.6. Spain16.7. United Kingdom16.8. Rest of Europe
17. Company Profile
17.1. Aerotel Medical Systems Ltd17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Allscripts Healthcare Solutions Inc.17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. AMD Global Telemedicine Inc.17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. International Business Machinery Corporation17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. OTH.IO17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Resideo Technologies Inc.17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Teladoc Health Inc.17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Telemedicine Market is projected to reach USD 9.16 billion by 2033, growing at a CAGR of 9.05% during the forecast period.
Europe Telemedicine Market grew in market size from 2023. The Market is expected to reach USD 9.16 billion by 2033, at a CAGR of 9.05% during the forecast period.
Europe Telemedicine Market CAGR of 9.05% during the forecast period.
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Europe Telemedicine Market size is USD 9.16 billion from 2023 to 2033.
Europe Telemedicine Market Segment is Covered By Type, By Component, By Mode of Delivery, By End User
The Europe region is anticipated to have the highest market share in Europe Telemedicine Market.
The key players in the market include Companies Covered Aerotel Medical Systems Ltd, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., International Business Machinery Corporation, OTH.IO, Resideo Technologies Inc., Teladoc Health Inc.
There are several factors responsible for growth of Europe Telemedicine industry. For starters, the aging population and rising prevalence of chronic diseases have increased demand for remote healthcare services.
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