Europe Telemedicine Market Size & Outlook, 2023-2030
Europe telemedicine market, 2018-2030 (US$M)
Related Markets
Europe telemedicine market highlights
- The Europe telemedicine market generated a revenue of USD 34,743.0 million in 2023.
- The market is expected to grow at a CAGR of 18.4% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating component in 2023.
- Services is the most lucrative component 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 34,743.0 million |
| Market revenue in 2030 | USD 113,604.3 million |
| Growth rate | 18.4% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Twilio Inc Class A, Teladoc Health Inc, Zoom Video Communications Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.2% of the global telemedicine 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 105,769.5 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe telemedicine 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 telemedicine market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 52% in 2023. Horizon Databook has segmented the Europe telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Europe market growth can be attributed to several healthcare programs in the region for improvement and standardization of national health services. Government organizations, such as European Association of Public Health (EUPHA), work in collaboration with European Health Information Initiative (EHII), thereby widening the scope of growth for the market in Europe.
Furthermore, increasing demand for patient-centered care delivery from caregivers and improved clinician productivity in the region are expected to boost growth. The market in Europe includes countries such as Germany, the UK, France, Italy, and Spain. These countries are rapidly growing economies, which positively impacts the market growth.
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Our clientele includes a mix of telemedicine market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe telemedicine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe telemedicine market size, by country, 2018-2030 (US$M)
Europe Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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