Europe Telemedicine Market

Europe Telemedicine Market Size (2024 to 2032)

The telemedicine market size in Europe was worth USD 18.23 billion in 2023 and is expected to reach USD 87.64 billion by 2032 from USD 21.71 billion in 2024, growing at a CAGR of 19.06% from 2024 to 2032.

Telemedicine technologies are highly beneficial for patients who are suffering from long-term chronic diseases. Frequent follow-ups are required for patients who are suffering from long-term diseases. Telemedicine provides high-quality treatment options remotely. Patients need not visit hospitals every time where they can avail of screening, diagnosis, and treatment digitally. 

The growing support for telemedicine from European government authorities is majorly boosting the growth of the European telemedicine market. An increase in the number of investments in advanced healthcare technologies is also escalating the demand for telemedicine services in Europe and driving regional market growth. The demand for telemedicine services has increased significantly during the timeline of the COVID-19 pandemic. Healthcare providers have adopted the latest digital technologies to provide various treatment procedures that have reduced the mortality rate. The World Health Organization (WHO) in Europe is focusing on launching various initiatives to develop telemedicine through various policies, and such initiatives by public and private organizations are fuelling the adoption of telemedicine in Europe and promoting the growth rate of the European telemedicine market. For instance, ministers of health at the WHO Regional Committee launched a regional digital health action plan for 2023-2030 that emphasizes digital health solutions, including telemedicine. 

The growing penetration of advanced technologies in healthcare across Europe is favoring the regional market and offering growth opportunities for market participants. Telemedicine offers high-quality treatment procedures for geriatric people. People who are aged can avail of senior doctor consultations by connecting through the internet. These techniques minimize the frequent visits to the hospitals and thus lower the medical expenses.

An increasing number of cross-border healthcare initiatives, increasing demand from patients for telemedicine services due to convenience, reimbursement policies associated with telemedicine, the shortage of healthcare professionals and the integration of telemedicine with electronic health records (EHR) in Europe are fuelling the European telemedicine market growth. The growing mobile health (mHealth) adoption in Europe, rising emphasis on preventive healthcare, an increasing number of collaborations between tech and healthcare sectors, an increasing number of patient engagement initiatives and a growing number of telemedicine awareness campaigns in Europe are contributing to the growth of the Europe telemedicine market.

Lack of awareness of the use of digital technologies in rural areas and poor internet connections in remote areas are hindering the growth rate of the telemedicine market in Europe. The lack of reimbursement policies by government authorities in developed countries and stringent rules and regulations by the government in providing licenses for healthcare providers to use telemedicine applications are impeding the market's growth rate. Along with this, increasing competition between the key players is also one of the factors that is challenging the growth of the European telemedicine market. 

REPORT COVERAGE

SEGMENTAL ANALYSIS

Europe Telemedicine Market Analysis By Type 

• Technology

  • Hardware

  • Software

  • Telecommunications

• Service

  • Remote Patient Monitoring

  • Store-and-Forward

  • Real-Time Interactive

The services segment dominated the European telemedicine market, with a significant share owing to the rise of teleconsultation services by hospitals. The services segment includes various sub-segments, such as remote patient monitoring, store-and-forward, and real-time interaction. The increasing demand for e-visits is propelling the expansion of the real-time sub-segment. The escalation in teleconsultation services limits the waiting period of patients for consultations and referrals, boosting the segment growth.

The technology segment is estimated to have a considerable CAGR during the forecast period. The rising adoption of cloud-based systems for complete storage of data is augmenting the software sub-segment growth. Cloud-based systems are an efficient and comfortable way of delivering effective treatment procedures for the patient virtually. Regardless of their location, healthcare providers can have access to check medical records, which helps them promote high-quality treatment.

Europe Telemedicine Market Analysis By Application 

• Tele-Cardiology

• Tele-Radiology

• Tele-Pathology

• Tele-Dermatology

• Tele-Neurology

• Emergency Care

• Home Health

• Others

The teleradiology segment held the most prominent share in the European telemedicine market and is estimated to continue dominating during the forecast period. The increasing requirement for skilled radiologists, especially in rural areas, is enhancing the adoption of teleradiology services, leading to segment revenue growth. Teleradiology helps students and other physicians learn and develop their abilities in the field, which augments segment expansion. In recent years, the demand for effective and high-quality emergency care, such as cardiac arrest and accidents, among others, has been promptly leveraging the rapid adoption of telemedicine in European countries. The installation of advanced emergency care services that enhance the prominent treatment for patients wherever online is greatly influencing the market's growth rate.

The telepsychiatry segment is expected to register notable growth in the coming years. The growing awareness among people regarding the importance of behavioral health is escalating the growth of the telepsychiatry segment. The increasing number of mental health issues among people and the growing number of services fuel the segment growth rate.

• According to data provided by the AXA Mind Health index, in 2022, the U.K. accounted for the high prevalence of mental health conditions in the European region, with two out of every five people, or 37%, experiencing at least one condition.

Europe Telemedicine Market Analysis By Delivery Mode

• Web-Based

• Cloud-Based

• Others

The cloud-based systems segment accounted for the largest share and is anticipated to register a significant CAGR in the coming years.  Cloud-based technology is one of the important systems in telemedicine. It serves as the backbone of the ICT infrastructure to connect flexibility to connect doctors and patients from different locations. The increasing incorporation of data analytics in cloud-based systems is estimated to accelerate the segment revenue growth. Cloud-based systems store remote servers and manage and process healthcare data and applications, enhancing the patient experience. These benefits of the cloud systems are propelling the segment's growth.

The web-based systems segment is projected to have considerable growth during the forecast period. The increasing number of mobile applications providing health services, including consultations, diagnosis, and treatment, drive segmental expansion. Some healthcare industries in remote areas do have web-based systems due to a lack of continuous internet facilities.

Europe Telemedicine Market Analysis By End-Users 

• Tele-Hospitals

• Tele-Homes

• Others

The tele-hospitals segment dominated the regional market revenue with a notable share and is expected to record significant growth in the coming years. The growing government support initiatives across the region and increased adoption among various hospitals and clinics are primary factors augmenting the segment revenue growth. Most regional hospitals provide eHealth services, fuelling the segment's revenue. The rising awareness of the availability of various services is ascribed to bolstering the telemedicine market. The penetration of advanced technologies like telemedicine in the healthcare industry is a game changer that revolutionized the approach to healthcare services for patients, especially those who live in remote areas.

Europe Telemedicine Market Analysis By Country 

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

The European telemedicine market accounted for a substantial share of the global market in 2023.

The Europe market is expected to hold the second-largest share in the global market during the forecast period. In Europe, medical consultation services will remain the most regularly used form of telemedicine for physicians to escalate the outreach of their medical advice. The telemonitoring segment will also enjoy an upward trend owing to the increasing diabetic and disabled population. European Union has begun promoting telemedicine to improve healthcare access while saving resources. However, regulations and reimbursement for telemedicine in the European Union vary, and it is up to the member states to decide. Given the lack of public reimbursement, the UK is one of the largest markets within the EU, where many people are privately insured.

The telemedicine market in the UK is projected to grow at a CAGR of 10.4% during the forecast period.

An increasing number of cancer patients, rising awareness of telemedicine in every corner of the country, government investments in the medical sector, and promotion of quality services even for the common people are propelling the growth of the UK telemedicine market. In addition, the growing focus on constructing healthcare centers with the latest equipment is promoting the growth rate of this market to an extent.

The telemedicine market in Germany is expected to grow steadily during the forecast period.  

Rising incidences of chronic diseases, rising acceptance of advanced technology, and the launch of innovative devices favoring the end-users are promoting the demand in the German telemedicine market. Furthermore, continuous investments in developing new technologies in research centers by government and non-government institutes are lavishing the growth rate of this market.

The telemedicine market in France will hit a healthy CAGR during the forecast period.

The increasing economy is one of the most common factors for growing the market. The adoption of telemedicine in France and raising awareness over the 4G and 5G spectrum are ascribed to bolster the market demand. Artificial intelligence plays a crucial role in the medical sector by solving complex issues more accurately. This also enhances the growth rate of the French telemedicine market. The trend towards early diagnosis of the disease will likely outshine the demand for telemedicine in France.

The Spanish telemedicine market is on the rise.

The telemedicine market in Spain is growing faster than in the past few years and is to have significant growth opportunities in the foreseen years. Increasing the prevalence of chronic and cardiovascular diseases is a crucial driving factor for growing the market. In addition, ongoing research on the development of new techniques in treating various conditions and developing to focus on artificial intelligence technology greatly influences the growth rate of the Spanish telemedicine market. Rising disposable income and increasing expenditure on healthcare centers are boosting the market's growth. In addition, growing support from the IT sector is lavishing the growth rate of this market.

LIST OF KEY PLAYERS IN THE EUROPE TELEMEDICINE MARKET

A few of the prominent companies playing an active role in the European telemedicine market include

• AMD Global Telemedicine
• CISCO Systems, Inc.
• Medtronic, Inc.
• GE Healthcare (U.K.)
• Honeywell Lifesciences
• Philips Healthcare
• McKesson Corp
• Aerotel Medical Systems
• CardioComm
• Cerner Corporation