Europe Telemedicine Market - Growth, Trends, and Forecast (2019 - 2024)

The Europe Telemedicine Market is segmented by Service (Tele-education, Teleconsultation, Telemonitoring, Teletraining, Telecare, Telesurgery, Teleconference, and Other Services), Technology, Specialty Area, and Geography

Market Snapshot

Europe Telemedicine Market 1
Study Period:

2016-2024

Base Year:

2018

Key Players:

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Market Overview

The major factors responsible for the growth of the European telemedicine market include the changing socio-economic factors, the higher percentage of digitally literate population, when compared to other geographies, and favorable policies. These factors are further expected to drive the growth of the European telemedicine market during the forecast period.

The higher percentage of digitally literate population, when compared to other geographies, is driving the overall growth of the market in Europe. According to the data published by the Eurostat, more than four fifths (85%) of all households in the EU-28 had internet access in 2016. Between 2007 and 2016, the proportion of households with dependent children (that had access to the internet) was consistently higher than that for households without dependent children. The gap between households with dependent children and those without continued to grow, and thus, a higher percentage of digital literacy was observed in Europe, when compared to other regions. Due to this increase, the use of telemedicine is easier for people in Europe.

In the European Member States, more than four out of every five young people, aged 16-29 years, used a computer on a daily basis, in 2015. There is a 2020 Life Long Learning strategy in Estonia, which has a number of objectives in relation to digital skills, putting in place the infrastructure to ensure all schools have access to technology and internet, as a pre-condition for digital learning.

Nevertheless, the rates of internet access continued to increase year-on-year. Moreover, the daily use of internet in 2016 was consistently higher among young people, than it was for the whole population in each of the EU member states. Hence, the increasing use of internet has helped to drive the telemedicine market in Europe.

Scope of the Report

As per the scope of the report, telemedicine refers to the remote diagnosis and treatment of patients with the help of telecommunication technology. Further, various kinds of telemedicine services, along with devices, have been tracked, in order to determine the market size and forecast. The telemedicine services include tele-education, teleconsultation, telemonitoring, teletraining, telecare, telesurgery, and teleconference. The market has been noticing technological developments on a large scale for the past couple of years. Integration of services, such as EMR, picture archiving and communication systems (PACS), telehealth services, RFID, etc., has been gaining increasing importance in Europe.

By Service
Tele-education
Teleconsultation
Telemonitoring
Teletraining
Telecare
Telesurgery
Teleconference
Other Services
By Technology
Hardware
Software
Telecom
By Specialty Area
Cardiology
Dermatology
Neurology
Gynaecology
Emergency Care
Internal Medicine
Orthopedics
Other Specialty Areas
Geography
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe

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Key Market Trends

Telemonitoring Segment under Service is Expected to Account for Fastest Growth Rate during the Forecast Period

The applications of telemonitoring are mainly in treating chronic illnesses, such as cardiopulmonary disease, asthma, and heart failure, at home. Telemonitoring is also a way of responding to the new needs of home care for the aging population. Real-time monitoring of patients in ambulances reduces the time taken to initiate treatment and allows the emergency crew to be better prepared. Telemonitoring moves patient care out of a clinical setting into the patient’s home, by utilizing telecommunication technologies, such as the internet, telephone, or video conferencing, to transmit physiological data and information about current symptoms, from the patient to the healthcare professionals. Telemonitoring programs can be flexible, individually tailored, and have the potential to provide access to specialist care for a larger number of patients, across a much greater geographical region, when compared to usual care. In the future, virtual reality, immersive environments, haptic feedback, and nanotechnology promise new ways of improving the capabilities of telemonitoring. Hence, telemonitoring is expected to help in augmenting the growth of the telemedicine market.

Europe Telemedicine Market 3

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Competitive Landscape

The market comprises few major market players and these players are focusing on technological advancements to acquire the major market share. The market has been noticing technological developments on a large scale for the past couple of years. Integration of services, such as EMR, picture archiving and communication systems (PACS), telehealth services, RFID, etc., has been gaining increasing importance in Europe.

Major Players

  1. IBM Corporation
  2. Allscripts Healthcare Solutions Inc.
  3. McKesson Corporation
  4. BioTelemetry Inc.
  5. Koninklijke Philips NV

* Complete list of players covered available in the table of contents below

Europe Telemedicine Image 5

Download the market shares of key players in this industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Changing Socio-economic Factors

      2. 4.2.2 Higher Percentage of Digitally Literate Population Compared to Other Geographies

      3. 4.2.3 Favorable Policies

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Interoperability between eHealth Solutions

      2. 4.3.2 Inadequate or Fragmented Legal Frameworks, including the Lack of Reimbursement Schemes for eHealth Services

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Service

      1. 5.1.1 Tele-education

      2. 5.1.2 Teleconsultation

      3. 5.1.3 Telemonitoring

      4. 5.1.4 Teletraining

      5. 5.1.5 Telecare

      6. 5.1.6 Telesurgery

      7. 5.1.7 Teleconference

      8. 5.1.8 Other Services

    2. 5.2 By Technology

      1. 5.2.1 Hardware

      2. 5.2.2 Software

      3. 5.2.3 Telecom

    3. 5.3 By Specialty Area

      1. 5.3.1 Cardiology

      2. 5.3.2 Dermatology

      3. 5.3.3 Neurology

      4. 5.3.4 Gynaecology

      5. 5.3.5 Emergency Care

      6. 5.3.6 Internal Medicine

      7. 5.3.7 Orthopedics

      8. 5.3.8 Other Specialty Areas

    4. 5.4 Geography

      1. 5.4.1 Europe

        1. 5.4.1.1 United Kingdom

        2. 5.4.1.2 Germany

        3. 5.4.1.3 France

        4. 5.4.1.4 Italy

        5. 5.4.1.5 Spain

        6. 5.4.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Allscripts Healthcare Solutions Inc.

      2. 6.1.2 BioTelemetry Inc.

      3. 6.1.3 Honeywell Life Sciences

      4. 6.1.4 IBM Corporation

      5. 6.1.5 Koninklijke Philips NV

      6. 6.1.6 McKesson Corporation

      7. 6.1.7 Medtronic PLC

      8. 6.1.8 SHL Telemedicine Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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