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- Europe Telemedicine Market – Size, Outlook, Trends and Forecast (2020 – 2026)
Telemedicine supports in improving individual health with the help of electronic media. With healthcare experts spread across the world, the teleconsultation–referrals–second opinion chain has improved considerably to several parts of the globe. It also raises accessibility by reducing distance barriers between medical service providers and patients.
Europe Telemedicine Market Segments Size & Growth:
Europe telemedicine market is accounted for $9.93 billion in 2018 and expected to grow at a CAGR of 14.2% to reach $19.7 billion by 2025 during the forecast period 2019-2025. Major factors that are driving the market growth is due to the growing prevalence of chronic diseases, enabling remote patient monitoring services and an increase in the cost of healthcare. However, according to telemedicine industry analysis limited legal and reimbursement issues and high technology costs are restricting the growth of the Europe telemedicine market share.
Europe Telemedicine Market Segments Share:
Europe telemedicine market is categorised into by component which consists of services, hardware, and software. The services segment is projected to account for the significant share of the Europe telemedicine market due to the growing adoption of remote monitoring solutions by patients in remote rural areas, technological improvements in telecommunication, and the introduction of ACA and related legislation. The software segment is expected to witness the highest growth in the forecast period 2019-2025. By mode of delivery, it is classified by cloud-based and on-premises. The cloud-based segment is expected to grow at the highest CAGR during the forecast period. Growing awareness of telemedicine in rural areas is likely to fuel the growth of the telemedicine market. By speciality, it is segregated into teleradiology, telecardiology, telepathology, emergency care, others. The telecardiology market is growing at a rapid rate owing to the increasing incidence of cardiac disorders. Tele-radiology accounted for a significant share of the tele-hospitals market driven by varied usage of this technology for shifting patient’s medical reports.
Tele-consulting segment is likely to lead the telemedicine market in 2017. This can be attributed to the growing number of smartphone users and the benefits available with teleconsulting services, like reduced hospital stays, and decreased healthcare expenditure and travel cost. By Geography, Europe accounts for the critical share of the global telemedicine market. European Union has started to promote the use of telemedicine for enlightening healthcare access while saving resources. Regulation and reimbursement for telemedicine in the European Union differ, and it is up to the member states to choose from. Lack of public reimbursement, UK is one of the primary markets within the EU where a vast number of people are privately assured. In the Netherlands, telephone consultations are reimbursed through fixed prices. Belgium offers the least mature telemedicine market owing to lack of regulations and preference towards direct consultation over remote consultation.
Europe Telemedicine Market Segments Trends:
- In November 2017, BioTelemetry, Inc. partnered with Apple Inc. to offer cardiac monitoring services in combination with the Apple Heart Study.
- In September 2016, Aerotel and LevMed collaborated to enhance the market share and integrating the products to provide eco-friendly ECG- telemonitoring solutions.
Europe Telemedicine Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary key telemedicine market leaders are:
- GE Healthcare
- Cisco Systems, Inc.
- Koninklijke Philips N.V.
- AMD Telemedicine, Inc.
- McKesson Corporation
- Bio Telemetry Inc.
- Honeywell Lifesciences
Along with these companies, there were many other companies considered/cited in the report while analysing the Europe telemedicine market size. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Increasing prevalence of chronic diseases
4.1.2. Enabling remote patient monitoring services
4.1.3. Increase in the cost of healthcare
4.2 Restraints & Challenges
4.2.1. Legal and reimbursement issues
4.2.2. High technology costs
4.3 Opportunities
4.3.1. Increased Usage of wearable technologies
5. Europe Telemedicine Market – By Component
5.1. Services
5.2. Hardware
5.3. Software
6. Europe Telemedicine Market – By Mode of Delivery
6.1. Cloud-based
6.2. On-Premise
7. Europe Telemedicine Market – By Specialty
7.1. Tele-radiology
7.2. Tele-cardiology
7.3. Tele-pathology
7.4. Emergency Care
7.5. Others
8. Europe Telemedicine Market – By Service Type
8.1. Tele-Monitoring
8.2. Tele-Consultation
8.3. Tele-Education
8.4. Tele-Training
8.5. Tele-Surgery
9. Europe Telemedicine Market – By Geography
9.1 Introduction
9.2 Europe
9.2.1. U.K.
9.2.2. Germany
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
10. Europe Telemedicine Market – Company Profiles
10.1. GE Healthcare
10.2. Cisco Systems, Inc.
10.3. Koninklijke Philips N.V.
10.4. AMD Telemedicine, Inc.
10.5. McKesson Corporation
10.6. Bio Telemetry Inc.
10.7. Honeywell Lifesciences
10.8. CardioComm
10.9. Medtronic, Inc.
10.10. Cerner Corporation
10.11. Medvivo Group Ltd.
10.12. Roche Diagnostics
10.13. InTouch Technologies, Inc.
10.14. LifeWatch AG
10.15. Aerotel Medical Systems Ltd.
11. Europe Telemedicine Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Telemedicine supports in improving individual health with the help of electronic media. With healthcare experts spread across the world, the teleconsultation–referrals–second opinion chain has improved considerably to several parts of the globe. It also raises accessibility by reducing distance barriers between medical service providers and patients.
Europe Telemedicine Market Segments Size & Growth:
Europe telemedicine market is accounted for $9.93 billion in 2018 and expected to grow at a CAGR of 14.2% to reach $19.7 billion by 2025 during the forecast period 2019-2025. Major factors that are driving the market growth is due to the growing prevalence of chronic diseases, enabling remote patient monitoring services and an increase in the cost of healthcare. However, according to telemedicine industry analysis limited legal and reimbursement issues and high technology costs are restricting the growth of the Europe telemedicine market share.
Europe Telemedicine Market Segments Share:
Europe telemedicine market is categorised into by component which consists of services, hardware, and software. The services segment is projected to account for the significant share of the Europe telemedicine market due to the growing adoption of remote monitoring solutions by patients in remote rural areas, technological improvements in telecommunication, and the introduction of ACA and related legislation. The software segment is expected to witness the highest growth in the forecast period 2019-2025. By mode of delivery, it is classified by cloud-based and on-premises. The cloud-based segment is expected to grow at the highest CAGR during the forecast period. Growing awareness of telemedicine in rural areas is likely to fuel the growth of the telemedicine market. By speciality, it is segregated into teleradiology, telecardiology, telepathology, emergency care, others. The telecardiology market is growing at a rapid rate owing to the increasing incidence of cardiac disorders. Tele-radiology accounted for a significant share of the tele-hospitals market driven by varied usage of this technology for shifting patient’s medical reports.
Tele-consulting segment is likely to lead the telemedicine market in 2017. This can be attributed to the growing number of smartphone users and the benefits available with teleconsulting services, like reduced hospital stays, and decreased healthcare expenditure and travel cost. By Geography, Europe accounts for the critical share of the global telemedicine market. European Union has started to promote the use of telemedicine for enlightening healthcare access while saving resources. Regulation and reimbursement for telemedicine in the European Union differ, and it is up to the member states to choose from. Lack of public reimbursement, UK is one of the primary markets within the EU where a vast number of people are privately assured. In the Netherlands, telephone consultations are reimbursed through fixed prices. Belgium offers the least mature telemedicine market owing to lack of regulations and preference towards direct consultation over remote consultation.
Europe Telemedicine Market Segments Trends:
- In November 2017, BioTelemetry, Inc. partnered with Apple Inc. to offer cardiac monitoring services in combination with the Apple Heart Study.
- In September 2016, Aerotel and LevMed collaborated to enhance the market share and integrating the products to provide eco-friendly ECG- telemonitoring solutions.
Europe Telemedicine Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary key telemedicine market leaders are:
- GE Healthcare
- Cisco Systems, Inc.
- Koninklijke Philips N.V.
- AMD Telemedicine, Inc.
- McKesson Corporation
- Bio Telemetry Inc.
- Honeywell Lifesciences
Along with these companies, there were many other companies considered/cited in the report while analysing the Europe telemedicine market size. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Increasing prevalence of chronic diseases
4.1.2. Enabling remote patient monitoring services
4.1.3. Increase in the cost of healthcare
4.2 Restraints & Challenges
4.2.1. Legal and reimbursement issues
4.2.2. High technology costs
4.3 Opportunities
4.3.1. Increased Usage of wearable technologies
5. Europe Telemedicine Market – By Component
5.1. Services
5.2. Hardware
5.3. Software
6. Europe Telemedicine Market – By Mode of Delivery
6.1. Cloud-based
6.2. On-Premise
7. Europe Telemedicine Market – By Specialty
7.1. Tele-radiology
7.2. Tele-cardiology
7.3. Tele-pathology
7.4. Emergency Care
7.5. Others
8. Europe Telemedicine Market – By Service Type
8.1. Tele-Monitoring
8.2. Tele-Consultation
8.3. Tele-Education
8.4. Tele-Training
8.5. Tele-Surgery
9. Europe Telemedicine Market – By Geography
9.1 Introduction
9.2 Europe
9.2.1. U.K.
9.2.2. Germany
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
10. Europe Telemedicine Market – Company Profiles
10.1. GE Healthcare
10.2. Cisco Systems, Inc.
10.3. Koninklijke Philips N.V.
10.4. AMD Telemedicine, Inc.
10.5. McKesson Corporation
10.6. Bio Telemetry Inc.
10.7. Honeywell Lifesciences
10.8. CardioComm
10.9. Medtronic, Inc.
10.10. Cerner Corporation
10.11. Medvivo Group Ltd.
10.12. Roche Diagnostics
10.13. InTouch Technologies, Inc.
10.14. LifeWatch AG
10.15. Aerotel Medical Systems Ltd.
11. Europe Telemedicine Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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