Europe eHealth Market Technology, Size, Share, Trends and Will Grow at a CAGR of 23.7% By 2029
Data Bridge Market research has a newly released expansive study titled “Europe eHealth Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market.
Market segmentation analysis carried out in large-scale Europe eHealth Market research report with respect to product type, applications, and geography is very supportive in taking any verdict about the products. This marketing report keenly considers the market type, size of the organization, availability on-premises, end-user’s organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa to analyse the data. The market studies, insights and analysis encompassed in Europe eHealth Market report keeps the marketplace clearly into the focus with which ladder of success can be climbed easily.
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Europe eHealth market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that Europe eHealth market will grow at a CAGR of 23.7% during the forecast period of 2022 to 2029.
Europe eHealth market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. Contact us for an analyst brief to understand the analysis and the market scenario. Our team will help you create a revenue-impact solution to achieve your desired goal. The scalability and business expansion of the retail units in the developing countries of various regions and partnership with suppliers for safe distribution of machine and drugs products are the major drivers propelling the market demand in the forecast period.
A relatively new kind of healthcare delivery assisted by electronic procedures and communication is called eHealth (sometimes spelled eHealth). The word is used in various ways because it encompasses “nearly anything linked to computers and medicine,” not just “Internet medicine” as it was originally defined at the time. Some contend that it can be used interchangeably with the term “health informatics,” which they define as including all electronic and digital health processes. In contrast, others define it more specifically as Internet-based healthcare. It can also comprise mHealth, or m-Health, links and applications on mobile devices.
The usage of numerous digital technologies is expected in eHealth. For instance, the Internet enables eHealth users to correspond via email with medical experts, access medical records, look up health information, and conduct person-to-person text, audio, and video exchanges.
Key Pointers Covered in the eHealth Market Industry Trends and Forecast to 2027
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Market Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
Key Market Competitors Covered in the Report
Set Point Medical
Koninklijke Philips N.V
Epic Systems Corporation
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Europe eHealth Market Dynamics:
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Increase in the prevalence of chronic diseases
With the rising economic growth, people are more interested in long-term health and wellness. Diabetes patients need devices to monitor their sugar levels, check pregnancy, increase the demand for pregnancy strips, and monitor blood pressure. There is a growing demand for devices such as blood glucose monitors, sphygmomanometers, and others. Home healthcare management service helps manage chronic diseases such as diabetes, heart failure or chronic obstructive pulmonary disease (COPD), and cancer. Its service includes nursing service, hospice service, and medication dispensing.
Different chronic diseases, including cancer and cardiovascular disease, are increasing in Europe. Below are some of the chronic diseases which are increasing, due to which the demand for home healthcare service has increased as it will provide day-to-day treatment to those suffering from chronic diseases. As a result of the sedentary lifestyle of people, the prevalence of lifestyle-associated disorders such as hypertension and diabetes shows the rise nowadays. Thus, the rising prevalence of chronic diseases with the growing integration of healthcare data with portable devices is expected to demand proper health management, leading to the anticipated increasing demand for e-health services in the Europe eHealth market in the forecast period.
Rise in the technological advancements in eHealth
Devices based on new technologies such as big data, analytics, and cloud-based services help store patients’ data. This data is accessible to patients and doctors, where the patient can check his treatment history from anywhere and at any time. Mobile App facilitates the relationship between doctors and patients. A patient can check for the doctor’s medical status and access the doctor’s information at any time. Moreover, increasing technological advancements in eHealth devices with advanced features have resulted in proper management for patients and doctors, which is anticipated to boost Europe eHealth market growth.
Visiting a hospital and further undergoing treatment is quite an expensive procedure. To avoid repeated visits to hospitals, the company manufactures devices with advanced technology, which helps in improving the quality of life of patients, thus boosting the growth of the Europe eHealth market.
Rise in the use of eHealth solutions in outpatient care facilities
Most healthcare organizations are concentrating on introducing specialized services due to the increasing pressure on health systems to reduce the cost of care. The usage of eHealth solutions is increasing due to the transition to an outpatient care paradigm since these solutions offer a convenient healthcare method. These solutions also assist doctors in attending to patients’ requirements and provide remote patient health monitoring. Due to the advantages of eHealth technologies, numerous federal bodies are encouraging their use in outpatient care settings. Federal bodies take many initiatives to promote eHealth in patient care facilities.
With improvements in information technology, information science, medicine, and biotechnology, eHealth/telehealth will continue to develop. The next generation of healthcare professionals and patients will be far more accustomed to using cutting-edge tools, services, and applications. Additionally, there is a growing understanding that eHealth offers healthcare providers the chance to enhance health systems and switch them from the “diagnose and treat” to the “predict and prevent” models.
Thus, eHealth solutions initiatives are rising, increasing their use in outpatient care, and are expected to act as an opportunity for the Europe eHealth market.
Lack of skilled professionals to handle eHealth technology
One of the most rapidly developing fields in eHealth technology involves developing and using various technological-based applications such as AI (artificial intelligence). The advancement of technology has made it possible to reach the level of healthcare-providing facilities from conventional healthcare methods. The advancement of healthcare technology requires various skill sets for its handling. As technology-based healthcare is highly automated and has costly software, improperly handling such systems can damage them and hamper achieving accurate and perfect data. Thereby it will proportionally hamper the result of data processing. The shortage of skilled professionals with adequate skills and knowledge to handle such highly innovative technology-based software hampers the market’s growth.
The professionals lacking any of the skills mentioned above are unsuitable for performing any eHealth-based activities as the results are of keen importance. The need for skilled healthcare professionals has increased. Thus, the lack of skilled professionals to handle eHealth technology challenges the market’s growth.
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Post-COVID-19 Impact on Europe eHealth Market
Previously, routine care, as well as emergency, crisis, and other types of care, used remote and telehealth services. Their use in a more widespread capacity has picked up speed as the COVID-19 pandemic has progressed. Telehealth services are now being used in the large-scale screening of patients prior to their visit and triage assessment, routine monitoring of patients at home, remote clinical encounters, or supervising patient care by off-site experts. Telehealth services are also being used to screen patients at home in the United Kingdom. It is likely that a significant portion of such services will continue to be based on telehealth after COVID-19, for example, the remote monitoring and management of a more significant number of patients. This is because telehealth offers greater convenience and better patient-centered care, which helps to partially address the challenges of the flow rate and capacity within the healthcare system.
In August 2022, Boston Scientific Corporation announced the acquisition of Obsidian, Inc., which developed the Gel Embolic Material technology and was a privately held company. In addition, the U.S. FDA has approved the GEM technology to use, and this acquisition will help Boston Scientia Corporation grow its business.
Europe eHealth Market Segmentation
Europe eHealth market is categorized into six notable segments based on offering, deployment, enterprise size, functionality, technology, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of offering, Europe eHealth market is further segmented into solutions and services.
On the basis of deployment, the Europe eHealth market is segmented into cloud and on-premises.
Small and medium enterprise
On the basis of enterprise size, the Europe eHealth market is segmented into large enterprise and small and medium enterprise.
Content messaging system (CMS)
On the basis of functionality, the Europe eHealth market is segmented into content messaging system (CMS), group messaging, dashboard, video sessions, social support, and others.
Internet Of Things (IOT)
Blockchain and big data
On the basis of technology, the Europe eHealth market is segmented into internet of things, chatbots, artificial intelligence, internet of things (IOT), blockchain and big data, and other.
On the basis of end user, the Europe eHealth market is segmented into healthcare providers, payers, healthcare consumers, pharmacies, and others.
EHealth Market Regional Analysis/Insights
The Europe eHealth market is analyzed, and market size insights and trends are provided by offering, deployment, enterprise size, functionality, technology, and end user, as referenced above.
The countries covered in the eHealth report are Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and the rest of Europe.
Germany dominates the Europe eHealth market due to increasing technology and reliability of healthcare services, which are also delivering infotainment services.
The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market’s current and future trends. Data points such as downstream and upstream value chain analysis, technical trends, porter’s five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to significant or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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