Growing Prevalence of Chronic Diseases and Conditions is Expected to Drive the Growth of Europe Telehealth Market

Chronic diseases such as cardiovascular diseases, diabetes, and respiratory illnesses require ongoing management and monitoring, often involving frequent visits to healthcare providers. Telehealth offers a suitable and cost-effective way to manage these conditions remotely, allowing patients to receive care without the need for frequent in-person visits.

Telehealth platforms can enable patients to monitor their vital signs, track their symptoms, and communicate with healthcare providers from their homes. This not only improves convenience for patients but also allows healthcare providers to monitor patients more closely and intervene early if any issues arise. Additionally, telehealth can help reduce healthcare costs associated with chronic disease management, as it can reduce the need for hospitalizations and emergency room visits.

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Data Bridge Market Research analyzes that the Europe Telehealth Market is expected to reach USD 29.18 billion by 2031 from USD 8.73 billion in 2023, growing at a CAGR of 16.7% in the forecast period of 2024 to 2031.

Key Findings of the Study

• Accessible and Widely Adopted M-Health Applications

Mobile health applications, often available on smartphones and tablets, allow patients to access healthcare services and information remotely. They can facilitate various telehealth services, such as virtual consultations with healthcare providers, remote monitoring of vital signs, and medication reminders. The widespread adoption of smartphones and tablets worldwide has made it easier for patients to access mHealth applications, regardless of their location. This increased accessibility has expanded the reach of telehealth services, especially in rural or underserved areas where access to traditional healthcare facilities may be limited.

Furthermore, the user-friendly interfaces and functionalities of mHealth applications have contributed to their widespread adoption among patients. These applications are often designed to be intuitive and easy to use, allowing patients to manage their health more effectively and engage with telehealth services more readily.

Report Scope and Market Segmentation

Segment Analysis

The Europe telehealth market is segmented into five notable segments based on component, delivery mode, mode of purchase, application, and end user.

• On the basis of component, the market is segmented into hardware, telecommunication/ services, software and integrated systems

In 2024, the hardware segment is expected to dominate the Europe Telehealth Market

In 2024, the hardware segment is expected to dominate the market with the market share of 40.98% because many telehealth solutions require specialized medical devices for tasks like remote monitoring of vital signs, diagnostic imaging, and conducting examinations. These devices often need to be integrated with the telehealth platform, driving the demand for compatible hardware.

• On the basis of delivery mode, the market is segmented into cloud-based delivery mode, web based delivery mode, and on-premise delivery mode

In 2024, the cloud based delivery mode segment is expected to dominate the Europe Telehealth Market

In 2024, the cloud based delivery mode segment is expected to dominate the market with a market share of 50.52% because cloud-based solutions offer scalability, allowing healthcare providers to easily scale their telehealth services up or down based on demand. 

• On the basis of mode of purchase, the market is segmented into group purchase and individual purchase. In 2024, the group purchase segment is expected to dominate the market with a market share of 56.46%
• On the basis of application, the market is segmented into general consultation, pathology, neurology, cardiology, dermatology, surgery, gynecology, orthopedics, ophthalmology, radiology, and others. In 2024, the general consultation segment is expected to dominate the market with a market share of 19.69%
• On the basis of end user, the market is segmented into hospitals telehealth, physician telehealth, home telehealth, and others. In 2024, the hospitals telehealth segment is expected to dominate the market with a market share of 42.00%

Recent Developments

• In August 2023, Fresenius SE & Co. KGaA announced the FDA's 510(k) clearance for Versi HD with GuideMe Software, a fully redesigned self-guided interface for the company's VersiHD chronic home hemodialysis (HHD) equipment. The goal of VersiHD with GuideMe Software is to change how nurses and patients see HHD. This helped the company to expand its product line with availability in the market
• In April 2023, Medtronic and DaVita Inc. jointly launched Mozarc Medical, an independent company dedicated to transforming kidney health and advancing patient-centered technology solutions
• In January 2022, Evoqua Water Technologies LLC finalized the acquisition of the renal business formerly operated by Mar Cor Purification, a subsidiary of STERIS Plc. This acquisition will broaden Evoqua's service presence in North America, strengthening its position in the healthcare sector
• In December 2021, ExThera Medical and Asahi Kasei Medical Co., Ltd., a core operating company of the Asahi Kasei Group, signed an exclusive distribution agreement in Japan for ExThera's Seraph 100 Microbind Affinity Blood Filter (Seraph 100). Under the agreement, ExThera Medical and Asahi Kasei Medical Co., Ltd. collaborated to secure regulatory approval of Seraph 100 for commercialization in Japan. This agreement, as a significant step, helped the company in the expansion of the intensive care business field

Major Players

Data Bridge Market Research analyzes Teladoc Health, Inc. (U.S.), Medtronic (U.S.), Koninklijke Philips N. V. (Netherlands), Honeywell International Inc. (U.S.), Siemens Healthineers AG (Germany) as major market players in this market. 

Country Analysis

Geographically, the countries covered in the telehealth market report are the U.K., Germany, Italy, France, Spain, Switzerland, Russia, Netherlands, Turkey, Belgium, and rest of Europe.

As per Data Bridge Market Research analysis:

U.K. is expected to dominate and be the fastest growing country in Europe Telehealth Market

U.K. is expected to dominate and fastest growing country in market because the growing prevalence of chronic diseases and conditions, and growing demand for telehealth in rural area.

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