Germany Telemedicine Market Size & Outlook, 2023-2030
Germany telemedicine market, 2018-2030 (US$M)
Related Markets
Germany telemedicine market highlights
- The Germany telemedicine market generated a revenue of USD 4,278.5 million in 2023 and is expected to reach USD 14,075.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 18.5% 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.
Telemedicine market data book summary
| Market revenue in 2023 | USD 4,278.5 million |
| Market revenue in 2030 | USD 14,075.6 million |
| Growth rate | 18.5% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 3.7% of the global telemedicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany telemedicine market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 10,224.4 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 52.08% in 2023. Horizon Databook has segmented the Germany telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
The market for telemedicine in Germany witnessed exponential growth during the COVID-19 pandemic. Various government as well as nongovernment organizations launched different projects to curb the spread of COVID-19 pandemic using telemedicine platforms.
For instance, a project named Virtual Hospital was launched in the state of North Rhine-Westphalia for helping smaller hospitals to take in and care for COVID-19 patients, hence preventing major hospitals from becoming overwhelmed.
As of March 2020, healthcare professionals in Germany are permitted to actively endorse their telehealth services to patients. Pricing for these services is still being negotiated, but is expected to be approved soon.
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Our clientele includes a mix of telemedicine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into Germany telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany telemedicine market size, by component, 2018-2030 (US$M)
Germany Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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