[Redding, California - Jan 26, 2024] - Meticulous Research, a premier global market research firm, has recently released an in-depth research report titled, ‘Europe Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premise), Services (Real-time, Remote Monitoring)], Application (Radiology, Cardiology, Psychiatry), End User (Provider, Payer) - Forecast to 2030.’
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In this latest publication, Meticulous Research predicts a robust growth trajectory for the Europe telehealth market, with a projected CAGR of 18.2% from 2023, surging to a staggering $151.01 billion by 2030. Key drivers fueling this growth include increased governmental support for digitalizing healthcare systems, a drive to reduce healthcare costs, a rising geriatric population, and the escalating prevalence of chronic diseases.
The market is also poised to benefit from the expanding implementation of artificial intelligence and virtual assistants, coupled with the development of cutting-edge telerobots, providing ample growth opportunities. Nevertheless, concerns around patient privacy and confidentiality may pose challenges to the market. Additionally, the industry must contend with the reluctance to transition from traditional systems and potential instances of misdiagnosis, creating hurdles for market players.
Key Market Players
Leading the charge in the Europe telehealth market are prominent entities such as Aerotel Medical Systems (1998) Ltd. (Israel), Cerner Corporation (U.S.), Medtronic Public Limited Company (Ireland), Koninklijke Philips N.V. (Netherlands), and other notable names including AMD Global Telemedicine, Inc. (U.S.), American Well Corporation (U.S.), and Cisco Systems, Inc. (U.S.).
Future Outlook
The Europe telehealth market is meticulously analyzed and segmented by Component (Services, Hardware, Software), Application (Psychiatry, Radiology, Cardiology, Primary Care, Dermatology, Remote ICU, and Other Applications), and End User (Healthcare Providers, Patients, Healthcare Payers, and Other End Users).
Noteworthy findings from the report include:
• In 2023, the services segment is anticipated to dominate the market, driven by a high demand for teleconsultation and telemonitoring services, particularly due to the burden of a geriatric population and chronic diseases.
• The psychiatry segment is expected to command the largest market share in 2023, fueled by an escalating need for mental health consultations and treatments, coupled with a shortage of primary psychiatric care.
• The healthcare providers segment is projected to hold the largest market share in 2023, driven by a surge in demand for convenient healthcare services and a shortage of medical professionals.

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Geographic Overview
The comprehensive analysis spans across key European countries including Germany, France, the U.K., Italy, Spain, Benelux, Nordics, and the Rest of Europe. Germany is poised to lead the market in 2023, with factors such as increasing telehealth adoption, a growing geriatric population, government initiatives, rising healthcare expenditure, a surge in chronic illnesses, a shortage of healthcare professionals, and the presence of key market players contributing to its significant market share.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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