The Europe Telehealth Market is expected to grow at a CAGR of 18.2% from 2023 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.
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.
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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 2023, 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 2023, the Services Segment is Expected to Account for the Largest Share of the Telehealth Market
Among the components included in this report, in 2023, 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 2023, the Psychiatry Segment is Expected to Account for the Largest Share of the Telehealth Market
Among the applications included in this report, in 2023, 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 2023, 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 2023, 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 2023
Among the countries included in this report, in 2023, 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 2023. 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
Europe Telehealth Market Assessment, by Application
Europe Telehealth Market Assessment, by End User
Europe Telehealth Market Assessment, by Country
Key questions answered in the report:
The Europe telehealth market report covers the market sizes and forecasts for various components, applications, end user, and countries. The Europe telehealth market studied in this report involves the value analysis of various segments and sub-segments of telehealth at the country level.
The Europe telehealth market is projected to reach $151.01 billion by 2030, at a CAGR of 18.2% during the forecast period of 2023–2030.
The various components are hardware, software, and services. In 2023, the services segment is expected to account for the largest share of the Europe telehealth market.
The growth of this market is attributed to the rising adoption of telehealth services due to the COVID-19 pandemic, the rising elderly population in Europe, the increasing prevalence of chronic diseases, and the shortage of healthcare workers. Furthermore, the use of AI and virtual assistants and the development of technologies such as telerobots are some factors that provide significant growth opportunities for market players.
The declining number of physicians and patient privacy & confidentiality concerns may hinder the market's growth.
The key players operating in the Europe telehealth market 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.).
Germany is expected to witness the highest growth rate in the Europe telehealth market during the forecast period and offer significant growth opportunities for the players operating in this market. This growth can be attributed to several factors, including the increasing adoption of telehealth services due to the shortage of physicians, proactive government initiatives promoting digital healthcare, a rising prevalence of chronic conditions, and favorable healthcare reforms in the country.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Aging Population & Rising Incidence of Chronic Diseases
4.2.1.2. Favorable Government Initiatives & Reforms/Policies
4.2.1.3. Shortage of Healthcare Professionals
4.2.1.4. Increasing Awareness about the Benefits of Telehealth
4.2.2. Restraints
4.2.2.1. Lack of Health Standards When Compared to Traditional Health System
4.2.2.2. Patient Privacy and Confidentiality
4.2.3. Opportunities
4.2.3.1. Use of AI and Virtual Assistants
4.2.3.2. Advent of Telerobots
4.2.4. Challenges
4.2.4.1. Reluctance to Migrate from Conventional Systems and Instances of Misdiagnosis
4.3. Market Trends
4.4. Case Studies
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Buyers
4.5.2. Bargaining Power of Suppliers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Degree of Competition
4.6. Parent Market Analysis: Europe Healthcare IT Market
4.7. Next-generation Technologies in Healthcare IT Market
5. Europe Telehealth Market Assessment—by Component
5.1. Overview
5.2. Services
5.2.1. Real-time (Synchronous)
5.2.2. Store & forward (Asynchronous)
5.2.3. Remote Patient Monitoring
5.3. Hardware
5.3.1. Medical Peripheral Devices
5.3.1.1. Blood Glucose Monitors
5.3.1.2. Blood Pressure Monitors
5.3.1.3. Weighing Scales
5.3.1.4. Pulse Oximeters
5.3.1.5. Peak Flow Meters
5.3.1.6. ECG Monitors
5.3.1.7. Other Medical Peripheral Devices
5.3.2. Monitors
5.3.3. Telemedicine Kiosks
5.3.4. Telemedicine Carts
5.4. Software
5.4.1. Web & Cloud-based Software
5.4.2. On-premise Software
6. Europe Telehealth Market Assessment—by Application
6.1. Overview
6.2. Psychiatry
6.3. Radiology
6.4. Cardiology
6.5. Primary Care
6.6. Dermatology
6.7. Remote ICU
6.8. Other Applications
7. Europe Telehealth Market Assessment—by End User
7.1. Overview
7.2. Healthcare Providers
7.3. Patients
7.4. Healthcare Payers
7.5. Other End Users
8. Europe Telehealth Market Assessment—by Country
8.1. Overview
8.2. Germany
8.3. France
8.4. U.K.
8.5. Italy
8.6. Spain
8.7. Benelux
8.8. Nordics
8.9. Rest of Europe (RoE)
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Market Share Analysis (2022)
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Aerotel Medical Systems (1998) Ltd. (Subsidiary of Aerotel Ltd.)
10.2. Cerner Corporation (Subsidiary of Oracle Corporation)
10.3. Medtronic plc
10.4. Koninklijke Philips N.V.
10.5. AMD North America Telemedicine
10.6. American Well Corporation
10.7. Cisco Systems, Inc.
10.8. jameda GmbH
10.9. HealthHero
10.10. Siemens Healthineers AG (A Siemens AG Company)
10.11. Teladoc Health, Inc.
10.12. TeleClinic
(Note: SWOT Analysis will be provided for the top five Companies)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Table
Table 1 Europe Telehealth Market, by Component, 2021–2030 (USD Million)
Table 2 Key Companies Offering Telehealth Services
Table 3 Europe Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 4 Europe Telehealth Services Market, by Country/Region, 2021–2030 (USD Million)
Table 5 Europe Telehealth Services Market for Real-time (Synchronous), by Country/Region, 2021–2030 (USD Million)
Table 6 Europe Telehealth Services Market for Store-and-forward (Asynchronous), by Country/Region, 2021–2030 (USD Million)
Table 7 Europe Telehealth Services Market for Remote Monitoring, by Country/Region, 2021–2030 (USD Million)
Table 8 Key Companies Offering Telehealth Hardware
Table 9 Europe Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 10 Europe Telehealth Hardware Market, by Country/Region, 2021–2030 (USD Million)
Table 11 Europe Telehealth Market for Medical Peripheral Devices, by Type, 2021–2030 (USD Million)
Table 12 Europe Telehealth Market for Medical Peripheral Devices, by Country/Region, 2021–2030 (USD Million)
Table 13 Europe Telehealth Blood Glucose Monitors Market, by Country/Region, 2021–2030 (USD Million)
Table 14 Europe Telehealth Market for Blood Pressure Monitors, by Country/Region, 2021–2030 (USD Million)
Table 15 Europe Telehealth Market for Weighing Scales, by Country/Region, 2021–2030 (USD Million)
Table 16 Europe Telehealth Market for Pulse Oximeters, by Country/Region, 2021–2030 (USD Million)
Table 17 Europe Telehealth Peak Flow Meters Market, by Country/Region, 2021–2030 (USD Million)
Table 18 Europe Telehealth ECG Monitors Market, by Country/Region, 2021–2030 (USD Million)
Table 19 Europe Other Telehealth Medical Peripheral Devices Market, by Country/Region, 2021–2030 (USD Million)
Table 20 Europe Telehealth Market for Monitors, by Country/Region, 2021–2030 (USD Million)
Table 21 Europe Telemedicine Kiosk Market, by Country/Region, 2021–2030 (USD Million)
Table 22 Europe Telemedicine Carts Market, by Country/Region, 2021–2030 (USD Million)
Table 23 Key Companies Offering Telehealth Software
Table 24 Europe Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 25 Europe Telehealth Software Market, by Country/Region, 2021–2030 (USD Million)
Table 26 Europe Cloud/Web-Based Telehealth Software Market, by Country/Region, 2021–2030 (USD Million)
Table 27 Europe On-premise Telehealth Software Market, by Country/Region, 2021–2030 (USD Million)
Table 28 Europe Telehealth Market, by Application, 2021–2030 (USD Million)
Table 29 Europe Telehealth Market for Psychiatry, by Country/Region, 2021–2030 (USD Million)
Table 30 Europe Telehealth Market for Radiology, by Country/Region, 2021–2030 (USD Million)
Table 31 Europe Telehealth Market for Cardiology, by Country/Region, 2021–2030 (USD Million)
Table 32 Europe Telehealth Market for Primary Care, by Country/Region, 2021–2030 (USD Million)
Table 33 Europe Telehealth Market for Dermatology, by Country/Region, 2021–2030 (USD Million)
Table 34 Europe Telehealth Market for Remote ICU, by Country/Region, 2021–2030 (USD Million)
Table 35 Europe Telehealth Market for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 36 Europe Telehealth Market, by End User, 2021–2030 (USD Million)
Table 37 Europe Telehealth Market for Healthcare Providers, by Country/Region, 2021–2030 (USD Million)
Table 38 Europe Telehealth Market for Patients, by Country/Region, 2021–2030 (USD Million)
Table 39 Europe Telehealth Market for Healthcare Payers, by Country/Region, 2021–2030 (USD Million)
Table 40 Europe Telehealth Market for Other End Users, by Country/Region, 2021–2030 (USD Million)
Table 41 Europe Telehealth Market, by Country/Region, 2021–2030 (USD Million)
Table 42 Europe: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 43 Europe: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 44 Europe: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 45 Europe: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 46 Europe: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 47 Europe: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 48 Europe: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 49 Germany: Macroeconomic Indicators
Table 50 Germany: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 51 Germany: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 52 Germany: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 53 Germany: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 54 Germany: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 55 Germany: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 56 Germany: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 57 France: Macroeconomic Indicators
Table 58 France: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 59 France: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 60 France: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 61 France: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 62 France: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 63 France: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 64 France: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 65 U.K.: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 66 U.K.: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 67 U.K.: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 68 U.K.: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 69 U.K.: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 70 U.K.: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 71 U.K.: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 72 Italy: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 73 Italy: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 74 Italy: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 75 Italy: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 76 Italy: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 77 Italy: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 78 Italy: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 79 Spain: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 80 Spain: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 81 Spain: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 82 Spain: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 83 Spain: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 84 Spain: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 85 Spain: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 86 Benelux: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 87 Benelux: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 88 Benelux: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 89 Benelux: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 90 Benelux: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 91 Benelux: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 92 Benelux: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 93 Nordics: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 94 Nordics: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 95 Nordics: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 96 Nordics: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 97 Nordics: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 98 Nordics: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 99 Nordics: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 100 Rest of Europe: Telehealth Market, by Component, 2021–2030 (USD Million)
Table 101 Rest of Europe: Telehealth Services Market, by Type, 2021–2030 (USD Million)
Table 102 Rest of Europe: Telehealth Software Market, by Type, 2021–2030 (USD Million)
Table 103 Rest of Europe: Telehealth Hardware Market, by Type, 2021–2030 (USD Million)
Table 104 Rest of Europe: Telehealth Medical Peripheral Devices Market, by Type, 2021–2030 (USD Million)
Table 105 Rest of Europe: Telehealth Market, by Application, 2021–2030 (USD Million)
Table 106 Rest of Europe: Telehealth Market, by End User, 2021–2030 (USD Million)
Table 107 Recent Developments, by Company, 2020–2023
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for This Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 Europe Telehealth Market, by Component, 2021–2030 (USD Million)
Figure 8 Europe Telehealth Market, by Application, 2021–2030 (USD Million)
Figure 9 Europe Telehealth Market, by End User, 2021–2030 (USD Million)
Figure 10 Europe Telehealth Market, by Country/Region, 2023 Vs. 2030 (USD Million)
Figure 11 Impact Analysis: Europe Telehealth Market
Figure 12 Europe Telehealth Market, by Component, 2023 Vs. 2030 (USD Million)
Figure 13 Europe Telehealth Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 14 Europe Telehealth Market, by End User, 2023 Vs. 2030 (USD Million)
Figure 15 Europe Telehealth Market, by Country, 2023 Vs. 2030 (USD Million)
Figure 16 Europe: Telehealth Market Snapshot
Figure 17 Competitive Dashboard: Europe Telehealth Market
Figure 18 Cerner Corporation: Financial Overview (2022)
Figure 19 Medtronic plc: Financial Overview (2022)
Figure 20 Koninklijke Philips N.V.: Financial Overview (2022)
Figure 21 American Well Corporation: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Sep-2023
Published Date: Jul-2023
Published Date: Dec-2022
Published Date: Aug-2023
Published Date: Feb-2023
