Europe Telehealth Market Size & Outlook, 2023-2030
Europe telehealth market, 2018-2030 (US$M)
Related Markets
Europe telehealth market highlights
- The Europe telehealth market generated a revenue of USD 15,049.6 million in 2023.
- The market is expected to grow at a CAGR of 20.3% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 15,049.6 million |
| Market revenue in 2030 | USD 54,908.2 million |
| Growth rate | 20.3% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Siemens Healthineers AG ADR, Medtronic PLC, Teladoc Health Inc, American Well Corp Ordinary Shares - Class A, Evernorth, Doctor On Demand, Global Med Technologies |
Other key industry trends
- In terms of revenue, Europe region accounted for 14.9% of the global telehealth market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 167,192.3 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe telehealth market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telehealth market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 47.16% in 2023. Horizon Databook has segmented the Europe telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Digital health in Europe is expected grow much faster than the North American market owing the increasing number of people embracing digital health technologies, like EHR, health apps & services, telehealth, and other digital health techniques.
European markets and governments mainly focus on digitalization of monitoring services linked with chronic diseases and offer solutions that would ease access to health records, reduce burden on healthcare facilities & resources, and minimize repetition of unwanted prescriptions & tests.
In addition, increasing adoption of smartphones is driving growth of various electronic healthcare services, as most of the smartphones enable access to tele-healthcare information of a patient, irrespective of location and time.
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Our clientele includes a mix of telehealth market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe telehealth market , including forecasts for subscribers. This continent databook contains high-level insights into Europe telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe telehealth market size, by country, 2018-2030 (US$M)
Europe Telehealth Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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