Market Size of Telehealth Services Industry in Europe
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 24.50 Billion |
| Market Size (2029) | USD 73.10 Billion |
| CAGR (2024 - 2029) | 24.44 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Telehealth Service Market Analysis
The Telehealth Services Market in Europe Industry is expected to grow from USD 24.5 billion in 2024 to USD 73.10 billion by 2029, at a CAGR of 24.44% during the forecast period (2024-2029).
Telehealth is significantly improving the access to healthcare, because of which the quality of medical services for citizens and widening geographical coverage with virtual consultations is increasing, even if the amount of healthcare facility locations decreases. Telehealth services are among the biggest eHealth trends in Europe, positioned second, just after patient health records in the recent Annual European eHealth Survey.
A number of Telemedicine devices are emerging such as blood pressure monitoring, weight management machines, interactive stethoscope, ENT otoscope, and general examination cameras. Increasing government funding and grants for telemedicine, a consistent need for improved healthcare quality services, and an increasing number of smartphone users have boosted the telehealth market.
The increase in the widespread infection rate of Covid-19 had imposed lockdowns and travel restrictions and has made healthcare management a necessity which in turn has given support to the adoption of online platforms for disease management. The government has taken initiatives to develop mobile health applications and promote online platforms to manage the pandemic also drive the market growth during COVID-19.
