Europe Digital Health Market Size, Share, By Technology Platform (Tele health (Tele Medicine, and Tele Care) mHealth, Digital Health Information Systems (EMR/HER, Clinical Decision Support System (CDCC), Computerized Physician Order Entry (CPOE), and Others, Diagnostic and Monitoring Devices, and Therapeutic Devices (Digital Medicine, Respiratory Therapy Devices, Insulin Pumps, and Others) and Others), By Components (Hardware, Software and Services), By End User (Business to Consumers, and Business to Business) and By Country (UK, Germany, France, Russia, Italy and Rest of Europe) - Trends, Analysis and Forecast till 2034

Report Code: PMI528724 | Publish Date: June 2024 | No. of Pages: 147

Europe Digital Health Market Overview

Europe Digital Health Market Size was valued at USD 88.86 Billion in 2024 and is projected to grow at a CAGR of 17.3% to reach USD 441.52 Billion by 2034.

The digital health market in Europe is growing rapidly, driven by the region's strong healthcare infrastructure and increasing investments in digital technologies. Digital health encompasses a wide range of applications, including telemedicine, electronic health records (EHRs), mobile health apps, and wearable devices. These technologies are revolutionizing healthcare delivery, improving patient outcomes, and making healthcare more accessible and efficient. This analysis explores the key trends, driving factors, and challenges shaping the digital health market in Europe.

Europe Digital Health Market Drivers & Restraints

Key Drivers of Target Market:

Strong Regulatory Support and Policy Initiatives

Europe benefits from robust regulatory frameworks and policy initiatives that support the adoption of digital health technologies. The European Union has implemented various strategies to promote digital health, such as the Digital Single Market Strategy, which aims to create a unified digital market across EU member states. These regulations facilitate the integration of digital health solutions, ensuring interoperability and data security. Additionally, the European Commission’s investments in health IT infrastructure and digital innovation hubs are fostering a conducive environment for the growth of the digital health market. The support from regulatory bodies not only ensures compliance and safety but also accelerates the development and deployment of digital health technologies across the region.

Aging Population and Rising Healthcare Costs

Europe faces a significant demographic challenge with an aging population, leading to increased demand for healthcare services. The need to manage chronic diseases and provide long-term care for the elderly is driving the adoption of digital health solutions. Technologies such as remote monitoring, telehealth, and mobile health applications enable continuous and cost-effective care for elderly patients, reducing the burden on healthcare systems. Additionally, the rising healthcare costs in Europe are prompting healthcare providers to seek efficient and scalable solutions. Digital health technologies offer the potential to improve efficiency, reduce costs, and enhance patient care, making them an attractive option for healthcare systems struggling with financial constraints.

Restrains:

Data Privacy and Security Concerns

One of the major challenges facing the digital health market in Europe is the issue of data privacy and security. The use of digital health technologies involves the collection, storage, and transmission of sensitive patient information, which raises concerns about data breaches and cyber-attacks. The General Data Protection Regulation (GDPR) sets stringent requirements for data protection, and non-compliance can result in severe penalties. Ensuring the security of digital health systems while maintaining compliance with GDPR is a significant challenge for healthcare providers and technology companies.

Europe Digital Health Market Segmentations & Regional Insights

The market is segmented based on Technology Platform, Components, End User and Country.

Europe Digital Health Market Report Scope:

Attribute

Details

Market Size 2024

USD 88.86 Billion

Projected Market Size 2034

USD 441.52 Billion

CAGR Growth Rate

17.3%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Technology Platform - Tele health (Tele Medicine, and Tele Care) mHealth, Digital Health Information Systems (EMR/HER, Clinical Decision Support System (CDCC), Computerized Physician Order Entry (CPOE), and Others, Diagnostic and Monitoring Devices, and Therapeutic Devices (Digital Medicine, Respiratory Therapy Devices, Insulin Pumps, and Others) and Others

By Component - Hardware, Software and Services

By End User - Business to Consumers, and Business to Business

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034. For the purpose of this study, has segmented the Europe Digital Health Market report based on Technology Platform, Component, End User and Country:

Segmentation:

By Technology Platform:

  • Tele health
  • Tele Medicine
  • Tele Care
  • mHealth
  • Digital Health Information Systems
  • EMR/HER
  • Clinical Decision Support System (CDCC)
  • Computerized Physician Order Entry (CPOE)
  • Diagnostic and Monitoring Devices
  • Therapeutic Devices
  • Digital Medicine
  • Respiratory Therapy Devices
  • Insulin Pumps
  • Others
  • Others    

By Component:

  • Hardware
  • Software
  • Services

By End User:

  • Business to Consumers
  • Business to Business

By Country:

  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe

Europe Digital Health Market Competitive Landscape & Key Players

The key players operating the Europe Digital Health Market includes, Proteus Digital Health, Inc., CISCO SYSTEMS, INC., ATHENAHEALTH, INC, Qualcomm Inc., Koninklijke Philips N.V., Allscripts Health Solutions, Inc., GE HEALTHCARE, Siemens Healthineers.

Europe Digital Health Market Company Profile

FAQs

The Europe Digital Health Market is segmented into Technology Platform, Component, End User and Europe Region.

Robust Research and Development Infrastructure and High Prevalence of Cancer.

By Country, the Europe Digital Health Market is segmented into UK, Germany, France, Russia, Italy and Rest of Europe, UK is expected to dominate the Market due to increase in Investment in Research.

The key players operating the Europe Digital Health Market includes, Proteus Digital Health, Inc., CISCO SYSTEMS, INC., ATHENAHEALTH, INC, Qualcomm Inc., Koninklijke Philips N.V., Ltd., Allscripts Health Solutions, Inc., GE HEALTHCARE, INC., Siemens Healthineers.