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Pulished Date April, 2021
ID: 9705
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Europe Digital Health Market Research Report – Segmented By Technology, Component and Country (the United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) – Industry Size, Share, Trends and Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 9705
Pages: 100

Europe Digital Health Market Size (2021 to 2026)

The digital health market size in Europe is predicted to grow at a CAGR of 27.1% from 2021 to 2026. An increase in demand for remote healthcare services for monitoring and consultancy of patients due to the rise in incidences of chronic diseases across the globe is one of the prime factors in the market's growth.

In the European region, the digital health market is gaining momentum, with mobile applications being widely used for improving health and lifestyle. Several m-health (mobile health) apps for patients and doctors for managing diseases and the growing need for health improvements are continuously being developed. In addition, high market penetration of technically advanced digital health devices and government-supported schemes are driving the growth of the digital health market during the forecast period.

The use of information and communication technology in medicine and other health professions to address various ailments is referred to as digital health. The digital health market in Europe is majorly driven by chronic diseases, penetration of electronic devices across European countries, and increasing internet usage. Also, the mHealth services, which are widely utilized by the health and fitness concerning customer base to monitor and track their health continually, are expected to increase rapidly in Europe. Other factors such as adopting unhealthy lifestyles and habits like alcohol consumption and tobacco smoking influence the market growth. An increase in the incidence of chronic patients across Europe is augmenting the market during the forecast period. Based on the recent reports, the European Chronic Disease Alliance has recorded 85 million people suffering from cardiovascular diseases in the recent past.

Moreover, the rising burden on the hospital's conventionally available healthcare resources and the shortage of healthcare professionals in the region are propelling the European digital health market growth. Another major factor that has a substantial impact on Europe's market share is rising healthcare expenses. According to the World Health Organization, the adoption of mHealth services saved Europe USD 126 billion in healthcare expenses. In addition, the increased desire for inexpensive, accessible, and innovative healthcare services has fueled the growth of this sector. Furthermore, the initiatives taken by the government and private organization for creating the awareness among the people in the region shows positive impact on the market growth. 

In the recent past, the arrival of the global pandemic has created a significant impact on the digital healthcare market. During this period, the shortage of healthcare professionals and interest among the people has augmented the demand for the market and accounted for a significant impact on the mare growth. As a result, market players in the region are introducing advanced healthcare products; for instance, SugarBEAT is a blood sugar monitoring app developed by Nemaura Medical in the United Kingdom. In addition, technological advancements in the healthcare sector and increasing investment and funding by the government in the region are expected to uplift the market growth. Long before the current craze, SeedInvest invested in pre-seed and seed digital health companies. Consequently, shareholders in 15 digital health businesses from six European nations, spanning various sectors and business strategies.

Lack of technical knowledge among the patients, strict rules and regulations by authorities, and the risks related to privacy breach and security hinders the European digital health market. Furthermore, factors such as misuse of patient data online, a limited number of healthcare workers, and financial inconsistency of care further limit the European digital health market.

This research report on the Europe Digital Health Market has been segmented and sub-segmented into the following categories:

By Technology: 

  • Tele-Healthcare
    • Telecare
      • Activity Monitoring
      • Remote Medication Management
    • Telehealth
      • LTC Monitoring
      • Video Consultation
  • mHealth
    • Wearables
      • BP Monitor
      • Glucose Meter
      • Pulse Oximeter
      • Sleep Apnea Monitors
      • Neurological Monitors
      • Others
    • Apps
      • Medical Apps
      • Fitness Apps
  • Health Analytics
  • Digital Health Systems
    • Electronic Health Records
    • E-Prescribing Systems

By Component: 

  • Hardware
  • Software
  • Services

By Country: 

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Geographically, in 2020, the European digital health market was the second largest globally, owing to factors such as focusing on making healthcare cost-efficient, advanced technologies in improving the digitalization for the healthcare domain, and improved healthcare solutions and services.

The UK Digital Health market was the leader in the European market in 2019. The UK healthcare domain invented this digital healthcare 30 years ago. The UK healthcare sector has recently developed the most sophisticated systems globally to track, manage, and deliver patient-centered services. British robotics is rearranging the digital healthcare domain, and this healthcare culture helps the UK become a world leader in artificial medical intelligence.

The German Digital Health Market is forecasted to see a quick acceleration in the coming days and is expected to settle in a solid state by the end of the forecast period. Germany is the second-largest healthcare market globally, followed by the United States, indicating significant growth in the forecast period. The development owes to the country's high technology acquisition incorporated with the relief regulations during the Covid-19.

The digital healthcare market of France is estimated to have a healthy growth rate during the forecast period. This country's target is to encourage digital care innovation, particularly telemedicine, to battle situations like the COVID-19 pandemic. In addition, this country faces many problems like the growing costs of prescription medication and an increasing number of chronic diseases.

KEY MARKET PLAYERS:

A few of the notable companies dominating the European digital health market profiled in this report are Apple Inc., AirStrip Technologies, Google Inc., Orange, Allscripts Healthcare, LLC, Mckesson Corporation, Athenahealth Inc., At&T Inc., Biotelemetry, Inc., Cerner Corporation, Cisco Systems, Inc., Koninklijke Philips Nv, Eclinicalworks, Ihealth Lab, Inc. and General Electric Company.

RECENT MARKET DEVELOPMENTS:

  • In April 2020, Philips launched a national portal for the digital exchange of COVID-19 patient data in the Netherlands.
  • In June 2019, Allscripts announced that it acquired ZappRx, a digital health start-up company.
  1. Introduction
    1. Digital Healthcare Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Digital Healthcare Market Drivers
    2. Digital Healthcare Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Digital Healthcare Market Segmentation
    1. By Technology
      1. Tele-Healthcare
        1. Telecare
          1. Activity Monitoring
          2. Remote Medication Management
        2. Telehealth
          1. LTC Monitoring
          2. Video Consultation
      2. mHealth
        1. Wearables
          1. BP Monitor
          2. Glucose Meter
          3. Pulse Oximeter
          4. Sleep Apnea Monitors
          5. Neurological Monitors
          6. Others
        2. Apps
          1. Medical Apps
          2. Fitness Apps
      3. Health Analytics
      4. Digital Health Systems
        1. Electronic Health Records
        2. E-Prescribing Systems
      5. Y-o-Y Growth Analysis, By Technology
      6. Digital Healthcare Market Attractiveness Analysis, By Technology
      7. Digital Healthcare Market Share Analysis, By Technology
    2. By Components
      1. Hardware
      2. Software
      3. Service
      4. Y-o-Y Growth Analysis, By Components
      5. Digital Healthcare Market Attractiveness Analysis, By Components
      6. Digital Healthcare Market Share Analysis, By Components
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Product
        3. By Technology
        4. By Application
        5. By End-User
      4. Digital Healthcare Market Attractiveness Analysis 
        1. By Geographical Area
        2. By Product
        3. By Technology
        4. By Application
        5. By End-User
      5.      Digital Healthcare Market Share Analysis              
        1. By Geographical Area
        2. By Product
        3. By Technology
        4. By Application
        5. By End-User
    2. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Digital Healthcare Market Leaders' Analysis
    1. Allscripts Healthcare Solutions, Inc.
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Apple Inc.
    3. AirStrip Technologies
    4. Google Inc.
    5. Orange
    6. Mckesson Corporation
    7. Athenahealth Inc.
    8. At&T Inc.
    9. Biotelemetry, Inc.
    10. Cerner Corporation
    11. Cisco Systems, Inc.
    12. Koninklijke Philips Nv
    13. Eclinicalworks
    14. Ihealth Lab, Inc.
    15. General Electric Company
  9. Competitive Landscape
    1. Digital Healthcare Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Digital Healthcare Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of Type, application, end user and region along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Europe Digital Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  2. Europe Telehealthcare Market, By Region, From 2021 to 2026 (USD Million)
  3. Europe Health Analytics Market, By Region, From 2021 to 2026 (USD Million)
  4. Europe mHealth Market, By Region, From 2021 to 2026 (USD Million)
  5. Europe Digital Health System Market, By Region, From 2021 to 2026 (USD Million)
  6. Europe Telehealth Care Market, By Region, From 2021 to 2026 (USD Million)
  7. Europe Digital Healthcare Market, By Component, From 2021 to 2026 (USD Million)
  8. Europe Srvices Market, By Region, From 2021 to 2026 (USD Million)
  9. Europe Hadware Market, By Region, From 2021 to 2026 (USD Million)
  10. Europe Software Market, By Region, From 2021 to 2026 (USD Million)
  11. U.K. Digital Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  12. U.K. Digital Healthcare Market, By Component, From 2021 to 2026 (USD Million)
  13. Germany Digital Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  14. Germany Digital Healthcare Market, By Component, From 2021 to 2026 (USD Million)
  15. France Digital Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  16. France Digital Healthcare Market, By Component, From 2021 to 2026 (USD Million)
  17. Italy Digital Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  18. Italy Digital Healthcare Market, By Component, From 2021 to 2026 (USD Million)
  19. Spain Digital Healthcare Market, By Technology, From 2021 to 2026 (USD Million)
  20. Spain Digital Healthcare Market, By Component, From 2021 to 2026 (USD Million)

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