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

The Europe Telehealth Market is expected to grow at a CAGR of 18.2% from 2024 to 2030 to reach $151.01 billion by 2030. Telehealth refers to the use of digital information and communication technologies, such as computers and mobile devices, to access and manage healthcare services remotely. It involves delivering healthcare, health education, and health information services through remote technologies.

Telehealth has several benefits, including reduced unnecessary hospitalizations, reduced medical treatment wait times, and significant financial savings. It allows patients and physicians to engage over great distances and provide care, counseling, reminders, education, intervention, monitoring, and remote admissions. Telehealth encompasses a wide range of healthcare services, including videoconferencing, the transmission of still images, e-health platforms, remote monitoring of vital signs, continuing medical education, and nurse call centers. This versatile approach benefits both primary care providers and specialized care providers by expanding their reach and enabling them to deliver healthcare services to patients regardless of their location, as long as they have an internet connection.

The key factors driving the growth of the Europe telehealth market include the increasing government support in digitalizing healthcare systems and reducing healthcare costs, the growing geriatric population, and the increasing prevalence of chronic diseases. In addition, the increasing use of artificial intelligence & virtual assistants and the development of telerobots are expected to provide significant market growth opportunities. However, patient privacy & confidentiality issues may restrain the growth of this market.

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Growing Burden of Chronic Diseases due to Geriatric Population Drives Europe Telehealth Market

According to data from Visual Capitalist, in 2021, the European Union (EU) had a dependency ratio of 32, signifying that for every 100 working-age individuals, there were 32 elderly people. It is projected that by 2100, this ratio will rise to 57. As per the data from Eurostat, in 2021, Europe had the highest proportion of elderly population at 19%, followed by North America at 17%, Oceania at 13%, and Asia and South America at 9% each. Within Europe, Germany had the largest elderly population in 2021, with 17.78 million elderly individuals, followed by Italy with 13.76 million, France with 13.16 million, and the U.K. with 12.24 million. Furthermore, the World Bank Group reports that in 2021, approximately 94.09 million individuals aged 65 and older resided in European Union countries, with this number growing at a CAGR of 1.6% between 2015 and 2021. The increasing elderly population is driving demand for timely and high-quality diagnostic services.

Telehealth is an excellent way to manage geriatric syndromes, particularly for stable individuals with chronic illnesses. The Rapid Geriatric Assessment (RGA) is an effective method for diagnosing and monitoring frailty, sarcopenia, anorexia of aging, and cognitive dysfunction. Implementing a home telehealth program can significantly improve the quality of life for older individuals and facilitate the delivery of rehabilitation programs in the comfort of their homes. These benefits have led to the growing adoption of telehealth in Europe.

Development of Telerobots to Offer Opportunities for the Market’s Growth

The advent of telerobots has significantly enhanced telemedicine across various aspects. It has streamlined remote patient monitoring, diagnosis, and virtual care, making them more precise and efficient. Telerobots are capable of real-time health tracking for patients and can promptly alert healthcare providers if there is any deterioration in their condition. In 2024, Touchlab Limited (U.K.) launched telerobots designed to facilitate healthcare delivery, alleviate the workload of medical professionals, and mitigate the risk of infections or disease transmission.

Robots are aiding in remote monitoring and facilitating virtual consultations between doctors and their patients. This technology enables physicians from different cities to conduct video calls with their patients and enable them to access the latest medical data. Furthermore, patients can take telerobots home after hospitalization to receive postoperative consultations and care. Thus, the development of telerobots is creating market growth opportunities.

Key Findings of the Europe Telehealth Market Study:

In 2024, the Services Segment is Expected to Account for the Largest Share of the Telehealth Market

Among the components included in this report, in 2024, the services segment is expected to account for the largest share of the Europe telehealth market. The shortage of physicians and specialists, the growing aging population, and the increasing burden of chronic diseases have contributed to the widespread adoption of telehealth services. According to the IDF Diabetes Atlas, the number of people with diabetes aged 20-79 years was 61.4 million in 2021, which is likely to increase to 67.0 million by 2030 and then to 69.0 million by 2045.

In 2024, the Psychiatry Segment is Expected to Account for the Largest Share of the Telehealth Market

Among the applications included in this report, in 2024, the psychiatry segment is expected to account for the largest share of the Europe telehealth market. The growing prevalence of psychiatric issues, mental stress, and anxiety among teenagers and young adults has led to an increased demand for rapid diagnosis and treatment, driving the growth of this segment. According to the AXA Mind Health Index, in 2022, the U.K. had the highest prevalence of mental health conditions in Europe, with two out of every five people, or 37%, experiencing at least one condition, while 24% were struggling with mental health issues.

In 2024, the Healthcare Providers Segment is Expected to Account for the Largest Share of the Telehealth Market

Among the end users included in this report, in 2024, the healthcare providers segment is expected to account for the largest share of the Europe telehealth market. The large share of this segment is attributed to the growing demand for convenient healthcare due to the high prevalence of chronic diseases, the shortage of medical professionals, the presence of advanced telehealth infrastructure in hospitals, and the increasing availability of provider-specific telehealth solutions.

Germany to Account for the Largest Market Share in 2024

Among the countries included in this report, in 2024, Germany is expected to account for the largest share of the Europe telehealth market. This significant market share can be attributed to the high awareness of the benefits and convenience of telehealth, high healthcare spending, well-established health digital systems, favorable government initiatives encouraging the use of telehealth, increased prevalence of chronic diseases, and robust healthcare infrastructure in the region.

Key Players

The report encompasses a comprehensive competitive landscape based on an extensive assessment of the product portfolios and geographical reach of leading market players. It also highlights the key growth strategies these players implemented between 2020 and 2024. The key players profiled in the Europe telehealth market study are Aerotel Medical Systems (1998) Ltd. (Israel), Cerner Corporation (U.S.), Medtronic Public Limited Company (Ireland), Koninklijke Philips N.V. (Netherlands), AMD Global Telemedicine, Inc. (U.S.), American Well Corporation (U.S.), 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.).

Scope of the Report:

Europe Telehealth Market Assessment, by Component

• Services
  • Real-time
  • Store & Forward
  • Remote Monitoring
• Software
  • Cloud/Web-based Software
  • On-premise Software
• Hardware
  • Medical Peripheral Devices
    • Blood Pressure Monitors
    • Blood Glucose Monitors
    • Pulse Oximeters
    • Weighing Scales
    • Peak Flow Meters
    • ECG Monitors
    • Other Medical Peripheral Devices
  • Telemedicine carts
  • Monitors
  • Telemedicine Kiosks
    (Note: Other medical peripheral devices include digital thermometers, coagulation monitors, pacemakers, implantable defibrillators (ICD), cardiac resynchronization therapy (CRT) devices, and stethoscopes)

Europe Telehealth Market Assessment, by Application

• Psychiatry
• Radiology
• Cardiology
• Primary care
• Dermatology
• Remote ICU
• Other Applications
  (Note: Other applications include telehealth in nutrition, nursing, pharmacy, dentistry, audiology, neurology, rehabilitation, pathology, and surgery)

Europe Telehealth Market Assessment, by End User

• Healthcare Providers
• Healthcare Payers
• Patients
• Other End Users
  (Note: Other end users include government bodies and employer groups)

Europe Telehealth Market Assessment, by Country

• Germany
• France
• U.K.
• Italy
• Spain
• Benelux
• Nordics
• Rest of Europe

Key questions answered in the report: