Europe Telemedicine Market- Industry
Trends & Forecast Report 2027
The European Telemedicine market was
worth USD 14.85 Billion in 2020 and is further
projected to reach USD 57.37Billion by 2027, at a CAGR of 21.30% during
2021-2027 (forecast period). The growing trend of digital health, rising
healthcare expenditure, and an increasing preference for remote patient management,
along with the rising prevalence of chronic disease are driving the European telemedicine market forward. Furthermore, the
COVID-19 pandemic has fueled the increased use of telehealth, ensuring its continued
market growth across Europe. Telemedicine also has the potential to reduce
healthcare costs and provide patients with improved access to healthcare
services. These are the few important factors that are driving people to shift
from conventional healthcare to telemedicine. The same factors are likely to
propel the growth of the Europe telemedicine market during the forecast period.
Europe Telemedicine Market - Overview
healthcare facilities to patients through the use of technology like video
conferencing, phone calls, or text messages. It allows patients to share their
information or vitals with their healthcare providers from remote locations and
lets them interact more frequently as compared to the conventional healthcare
system. Telemedicine has proved its competency in better management of chronic
illnesses like asthma, cancer, arthritis, cardiac ailments, and so on. Telemedicine
also has the potential to be extremely useful in medical conditions where a
patient requires urgent treatment. These are a few factors driving the telemedicine market forward.
Europe Telemedicine Market Trends
Technological Advancements Driving
The Europe telemedicine industry is
thriving due to the aggressive use of emerging technologies such as the IoT
(Internet of Things). Considering the growth prospects of Europe
Telemedicine market, the telemedicine device manufacturing companies are
continually innovating telehealth products powered by Artificial Intelligence
(AI), Virtual Reality (VR), and other technologies, thereby, driving the market
The availability of technologically advanced home care devices, which enable patients to share
their vitals with their healthcare providers and seek help in real-time, is
also propelling the market growth. Advanced home care devices also allow
patient data to be continuously updated on a cloud server, thus, allowing physicians
to view their patients' data at any time. These innovations are encouraging people
to opt for telemedicine services, thereby, pushing and marking the growth of the
overall European telemedicine industry.
Digital Literacy Promoting the Growth
of Telemedicine Market
The European population is more
digitally advanced as compared to other regions in the world. The age
demographic ranging from the underage population to the senior citizens who are
under home care can more easily access healthcare facilities through telemedicine.
It also lets physicians and specialists conveniently diagnose, treat, share
reports and track their patient’s health on a regular basis without any hassle.These
aspects are contributing significantly to the development of the European
Fraud Cases Is On All-Time Rise
The use of video conferencing or
phone calls to deliver healthcare services poses concerns about the service
providers' authenticity. The risk of fraud or scam is inevitable and both
patients and healthcare providers are exposed to this risk. Documents can be
forged and the scammers disguised as service providers can hinder the overall
reputation of the telemedicine market. The risk of cyber-crimes is high as
impersonating scammers may abuse private as well as payment details to commit
Impact of COVID-19 on Europe
industry is one of those which has boomed since the COVID scenario. The
European telemedicine market has been witnessing a huge surge ever since the WHO
declared COVID-19 as a pandemic. It has given people the option to avail
healthcare facilities remotely, which is very crucial following the norms of
meets and tools to share reports and symptoms with the healthcare providers,
the need to visit the doctors by visiting the hospitals or healthcare
facilities has already been eliminated. Through contact-less and remote
facility options, it has also provided space for healthcare providers to focus
more on the crucial cases in the hospital premises.
Europe Telemedicine Market: By
Based on services, Europe’s
telemedicine market is categorized into tele-monitoring, store-and-forward, and
real-time interactive. Of these, tele-monitoring holds the largest market
share, thereby driving the European telemedicine market. It allows the larger
population to access healthcare services remotely and at an affordable cost.
Even with other options like ‘Store-and-Forward’ or ‘Real-Time Interactive’,
people prefer going for Tele-Monitoring as it allows both patients as well as
healthcare providers to interact with each other conveniently and track their
Europe Telemedicine Market: By Type
Based on type, the European
telemedicine market is segmented into two; Tele-Hospitals and Tele-Homes.
Between these two, Tele-Homes covers the greater share of the market in the
year 2020. The reason behind this dominance is that telemedicine is essential
in the treatment of significant chronic illnesses such as cardiopulmonary,
asthma, and other cardiac and lung-related conditions, as well as in
emergencies. It also serves the needs of the elderly, thereby, raising the
demand for Tele-Homes facilities in the region.
Europe Telemedicine Market: By
application, the telemedicine market is segmented into Tele-Cardiology, Tele-Radiology, Tele-Pathology, Tele-Dermatology,
Tele-Neurology, Emergency Care, Home Health, and others. Of these, Tele-Radiology
holds the largest market share and is expected to maintain its dominance during
the forecast period. Tele-Radiology allows patients and physicians to communicate
and collaborate in real-time. It also allows patients to submit an X-ray or CT
scan to a doctor without having to visit a clinic.
Europe Telemedicine Market: By End-User
Based on end-user, the telemedicine
market is segmented into patients and healthcare providers. The patients’
segment holds the largest market share and is likely to maintain its dominance
during the forecast period. This is because a large percentage of the patient population
has been utilizing telemedicine services since the pandemic-induced lockdown to
address their health issue. What’s more, telemedicine has also proved beneficial
in the treatment of mental health conditions such as hypertension, anxiety, and
panic disorders, which necessitate routine supervision and consultation with a
Europe Telemedicine Market: Regional
Geographically, the European
telemedicine market is segmented into the UK, Germany, Italy, France, Spain, and
the rest of Europe. Amongst these, the United Kingdom dominates the
telemedicine market and is anticipated to maintain its dominance in the
forecast period. Germany, on the other hand, is also expected to rise rapidly.
This is because these countries have a high literacy rate and more people are
drawn to technology, making telemedicine accessible to everyone. Furthermore,
government initiatives to improve healthcare technology are assisting in the
growth of the European telemedicine industry.
The key players in the European
telemedicine market are AMD Global Telemedicine, Phillips Healthcare, Mckesson
Corp, Honeywell Lifesciences, Cerner Corporation, GE Healthcare, Medtronic,
Inc., Cisco Systems Inc., CardioCom, Aerotel Medical Systems, Polycom, Inc.,
SHL Telemedicine, InTouch Technologies, IBM Corporation, Biotelemetry, All
Scripts Healthcare Solutions Inc., and other prominent players. With leading
telemedicine and research companies entering into partnerships, and start-ups
receiving private investments, the telemedicine market in Europe is getting
highly competitive with everyone focusing on technological advancements and the convenience of the end-users. Companies are consistently focusing on improved
data monitoring, video conferencing qualities, picture archiving, etc., to
provide better and affordable healthcare services.
l In March 2021, Science 37, an
American clinical research company, and Medgate, a telemedicine service
provider in Europe entered into a partnership, to decentralize clinical trials
at the global level. This will allow Medgate physicians to engage themselves in
research conducted by Science 37 and improve the quality of treatments
globally. Not only that, patients all around the world can participate in these
researches too, from the comfort of their homes.
l In March 2021, PlusDental, a
Berlin-based health tech company received a whopping amount of around USD 40
million from international investors. This generous amount will help
PlusDental, a telemedicine start-up, to accelerate their company in the
European market and further advance their services in online dental treatment.
data – 2017-2020
Year – 2021
Forecast – 2021 – 2027
Revenue in USD Billion
United Kingdom, Germany, France,
Italy, Spain, and the rest of Europe
By Service, By Technology, By
Application, By End User, By Country
Key players of Telemedicine Market
are AMD Global Telemedicine, Phillips Healthcare, Mckesson Corp, Honeywell
Lifesciences, Cerner Corporation, GE Healthcare, Medtronic, Inc., Cisco
Systems Inc., CardioCom, Aerotel Medical Systems, Polycom, Inc., SHL
Telemedicine, InTouch Technologies, IBM Corporation, Biotelemetry, All
Scripts Healthcare Solutions Inc., and other prominent players.
Ø Real-time interactive
Ø Emergency Care
Ø Home Health
Ø United Kingdom
Ø Rest of Europe
What is the current size of the European Telemedicine market?
Answer: Europe telemedicine reached USD 14.85 billion in 2020.
What are the major factors driving the growth of the European Telemedicine
Answer: The major factor driving the growth of Europe
Telemedicine market are: High digital literacy amongst the demographic and favorable
Who are the key players in the Europe Telemedicine market?
Answer: The key players in the European telemedicine market are:
AMD Global Telemedicine, Phillips Healthcare, Mckesson Corp, Honeywell
Lifesciences, Cerner Corporation, GE Healthcare, Medtronic, Inc., Cisco Systems
Inc., CardioCom, Aerotel Medical Systems, Polycom, Inc., SHL Telemedicine,
InTouch Technologies, IBM Corporation, and other prominent players.
Which end-user segment accounted for the largest share in the European
Answer: The Tele-Home segment accounted for the largest share in
the European telemedicine market.
Which region is at the highest rate in the European Telemedicine market?
Answer: The United Kingdom has the largest share in Europe