EU Telemedicine Market Analysis

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  • Type: Service area
  • Published : March 2021
  • Region: Europe
  • Country: Other
  • Report ID : 679

  • Format: PPT, PDF

EU Telemedicine Market Size, And Share, By Type (Tele homes, Tele hospitals, mHealth), By Clinical Service (Pathology, Oncology, Cardiology, Surgery, Radiology, Other clinical services), By Mode of Delivery (On-Premise Delivery and Cloud Delivery), and by Region (UK, Spain, Italy, Germany, France and Rest of EU) and Forecast, 2019-2028

Clear

Report Overview

The Telemedicine market in the EU is estimated to grow from USD 9.9B in 2019 to over USD XX in 2028, with a CAGR of XX%

Telemedicine or telehealth has emerged as an essential component of healthcare during the current COVID-19 crisis. The countries in the EU have accelerated the adoption of digital health. As per the study published by Paris Region Institute in April 2020, France has seen a major surge in teleconsultation from 10,000 teleconsultations per week before confinement to more than a million the last week of April, a multiplication by 100. This is the major factor that is propelling the growth of the market. In 2018, according to the GLOBOCAN report, cancer affected more than 12 million people in the EU. To leverage the potential opportunities, the players in the market are coming with technological innovations and product launches as the growth driver for their company as well for the market in this region. For instance, in August 2020, a new digital health company, named HealthHero, was launched in the focused EU market

Market Growth Drivers

The significant factors contributing to the growth of the EU Telemedicine market are high literacy rate, rise in population of elderly patients, better socio-economic conditions, increase in adoption of IT solutions in healthcare, rise in demand for basic care services, the emergence of favorable policies and advancements in telecommunications. Also, rising healthcare expenditure, increasing preference for remote patient monitoring couple with the rising burden of chronic diseases are the factors propelling the growth in this region

1. EU Telemedicine Market Overview……………………………….…………………….
A. Market Size
2. Market Growth Drivers……………………………………………………..……………..
A. Increasing literacy rates, geriatric population & healthcare expenditure
B. Rising increase in adoption of IT solutions & the emergence of favorable policies and advancements
C. Rising burden of chronic diseases
3. EU Telemedicine Market Segmentation…………………………………………………………
A. Type
I. Tele homes
II. Tele hospitals
III. mHealth
B. Clinical Service
I. Pathology
II. Oncology
III. Cardiology
IV. Surgery
V. Radiology
VI. Other clinical services
C. By Mode of Delivery
I. On-Premise Delivery
II. Cloud Delivery
D. Region
I. UK
II. Spain
III. Italy
IV. Germany
V. France
VI. Rest of EU
4. EU Telemedicine Market Share………………………………………………………….
A. Market Analysis, Insights and Forecast to 2028 by Revenue
5. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Company Market Position Analysis
6. Key Company Profiles…………………………………………………………..………….
A. AllScripts Healthcare company overview, Product & Services, Strategies & Financials
B. IBM Corporation company overview, Product & Services, Strategies & Financials
C. Medtronic PLC. company profile, Product & Services, Strategies & Financials
7. Healthcare Policies and Regulatory Landscape…………………………………….…
A. Policy changes and Reimbursement scenario
8. Potential Growth Opportunities………………………………………………..…………
A. Advancements in drug development
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Trends and Recent Developments in EU Telemedicine Market
B. Future Opportunities
10. Conclusion

 

Market Segmentation

The EU Telemedicine market is segmented based on Type, Service, Clinical Services, Mode of Delivery, and Region

By Type:

Based on the Type, the EU market is further categorized into Telehospitals, Telehomes, and mHealth

By Clinical Service:

The Clinical Services are sub-segmented into Pathology, Cardiology, Surgery, Radiology, Oncology, and Other Clinical Services

By Mode of Delivery:

The Mode of Delivery is categorized into On-Premise Delivery & Cloud-based Delivery. The mHealth segment is expected to be the fastest-growing segment over the forecast period. The region has observed an upsurge in the usage of mHealth applications. Various regulatory bodies in the EU are also promoting the use of mHealth applications

Mhealth is an innovative way to provide care, monitor a patient, and provide information, by using the latest technology. Monitoring allows early identification of disease, and thus, preventing chronic conditions. The potential advantages have led to increasing adoption of mhealth technologies and also players in this region are coming with innovative launches to further increase the adaptability in this region. For instance, In early January 2021, Rehappy health app was launched by the Directory of digital health applications for stroke patients in Germany. Thus, the increasing development by the players coupled with rising initiatives by the government for mHealth is expected to propel the growth of this segment

By Region:

The EU market is sub-segmented based on the regions into the Countries: Germany, Spain, United Kingdom, Italy, France, and the rest of the EU

Top Players

The top players operating in the EU Telemedicine market are IBM Corporation, Medtronic PLC, AllScripts Healthcare, BioTelemetry Inc., Koninklijke Phillips NV, and others

 

 

 

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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