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Europe Telemedicine Market Share – Growth, Trends, And Forecast till 2019 – 2024

Europe Telemedicine
Europe Telemedicine

Europe Telemedicine Market Share – Growth, Trends, And Forecast (2019 – 2024)”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The major factors responsible for the growth of the European telemedicine market include the changing socio-economic factors, the higher percentage of digitally literate population, when compared to other geographies, and favorable policies. These factors are further expected to drive the growth of the European telemedicine market during the forecast period.

Major Companies Include are:

– Allscripts Healthcare Solutions Inc.,- BioTelemetry Inc.,- Honeywell Life Sciences,- IBM Corporation,- Koninklijke Philips NV,- McKesson Corporation,- Medtronic PLC,- SHL Telemedicine Ltd.

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Scope of the Report:

As per the scope of the report, telemedicine refers to the remote diagnosis and treatment of patients with the help of telecommunication technology. Further, various kinds of telemedicine services, along with devices, have been tracked, in order to determine the market size and forecast. The telemedicine services include tele-education, teleconsultation, telemonitoring, teletraining, telecare, telesurgery, and teleconference. The market has been noticing technological developments on a large scale for the past couple of years. Integration of services, such as EMR, picture archiving and communication systems (PACS), telehealth services, RFID, etc., has been gaining increasing importance in Europe.

Telemonitoring Segment under Service is Expected to Account for Fastest Growth Rate during the Forecast Period:

The applications of telemonitoring are mainly in treating chronic illnesses, such as cardiopulmonary disease, asthma, and heart failure, at home. Telemonitoring is also a way of responding to the new needs of home care for the aging population. Real-time monitoring of patients in ambulances reduces the time taken to initiate treatment and allows the emergency crew to be better prepared. Telemonitoring moves patient care out of a clinical setting into the patient’s home, by utilizing telecommunication technologies, such as the internet, telephone, or video conferencing, to transmit physiological data and information about current symptoms, from the patient to the healthcare professionals. Telemonitoring programs can be flexible, individually tailored, and have the potential to provide access to specialist care for a larger number of patients, across a much greater geographical region, when compared to usual care. In the future, virtual reality, immersive environments, haptic feedback, and nanotechnology promise new ways of improving the capabilities of telemonitoring. Hence, telemonitoring is expected to help in augmenting the growth of the telemedicine market.

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In the European Member States, more than four out of every five young people, aged 16-29 years, used a computer on a daily basis, in 2015. There is a 2020 Life Long Learning strategy in Estonia, which has a number of objectives in relation to digital skills, putting in place the infrastructure to ensure all schools have access to technology and internet, as a pre-condition for digital learning.

Competitive Landscape:

The market comprises few major market players and these players are focusing on technological advancements to acquire the major market share. The market has been noticing technological developments on a large scale for the past couple of years. Integration of services, such as EMR, picture archiving and communication systems (PACS), telehealth services, RFID, etc., has been gaining increasing importance in Europe.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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