Factors such as demographic shifts towards an aging population and changes in lifestyle behaviors contribute to the rising incidence of chronic illnesses such as diabetes, cardiovascular diseases, and respiratory conditions. This demographic trend underscores the pressing need for effective solutions to manage chronic diseases and improve patient outcomes.
Moreover, difficulties related to healthcare accessibility, particularly in rural or underserved areas, further emphasize the importance of digital health technologies in providing remote access to healthcare services. These technologies enable patients to access healthcare professionals, monitor their health status, and adhere to treatment plans from the convenience of their homes. Telemedicine, remote monitoring tools, and mobile health apps have become indispensable in ensuring continuity of care for patients with chronic conditions.
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Data Bridge Market Research analyzes that the Europe Digital Health Market is expected to reach USD 253.18 billion by 2031, from USD 58.75 billion in 2023, growing at a CAGR of 20.3% in the forecast period of 2024 to 2031.
Key Findings of the Study
Enhancing Public Sector Contributions for Strengthening the Growth Initiatives
The government is promoting the use of digital applications for healthcare and support. Governments all across the world are starting to realize how digital health technologies may improve patient outcomes, save costs, and improve healthcare delivery. Consequently, they have several funding initiatives, programs, and policies to encourage the creation and uptake of digital health solutions. Thus, enhancing public sector contributions for strengthening the growth initiatives is expected to act as an opportunity for market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Type (E-Health, Telehealth, M-Health Apps, Healthcare Analytics, Artificial Intelligence in Healthcare, Cybersecurity in Healthcare, Virtual Reality (VR) Health, and Others), Application (General Consultation, Pathology, Cardiology, Surgery, Gynecology, Neurology, Radiology, Dermatology, Ophthalmology, Orthopedics, and Others), End User (Pharmaceutical & Biotechnology Companies, Hospitals, Specialty Clinics, Research Centers and Academic Institutes, and Others)
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Countries Covered
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Denmark, Spain, U.K., Sweden, Netherlands, Austria, Italy, Belgium, France, Germany, and the Rest of Europe
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Market Players Covered
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Oracle (U.S.), Kry International AB (Sweden), Telemedicine Clinic (Sweden), Doktorse Nordic AB (Sweden), TeleClinic GmbH (Germany), Medkit Doc (Germany), Medloop Ltd. (England), Nia Health (Germany), and Ortivus AB (Sweden) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The Europe digital health market is segmented into three notable segments based on type, application, and end user.
- On the basis of type, the Europe digital health market is segmented into e-health, telehealth, m-health apps, healthcare analytics, artificial intelligence in healthcare, cybersecurity in healthcare, Virtual Reality (VR) health, and others
In 2024, the e-health segment is expected to dominate the Europe digital health market
In 2024, the e-health segment is expected to dominate the market with a market share of 31.12% due to the increasing prevalence of chronic conditions.
- On the basis of application, the Europe digital health market is segmented into general consultation, pathology, cardiology, surgery, gynecology, neurology, radiology, dermatology, ophthalmology, orthopedics, and others
In 2024, the general consultation segment is expected to dominate the Europe digital health market
In 2024, the general consultation segment is expected to dominate the market with a market share of 22.05% as the general consultation is preferred because of accessibility, large number of patient visits, and flexibility.
- On the basis of end user, the Europe digital health market is segmented into pharmaceutical & biotechnology companies, hospitals, specialty clinics, research centers & academic institutes, and others. In 2024, the pharmaceutical & biotechnology companies segment is expected to dominate the market with a market share of 33.48%
Major Players
Data Bridge Market Research analyzes Oracle (U.S.), Kry international AB (Sweden), Telemedicine Clinic (Sweden), Doktorse Nordic AB (Sweden), and TeleClinic GmbH (Germany) as the major players operating in the Europe digital health market.
Market Developments
- In December 2023, Oracle Health collaborated with General Dynamics Information Technology (GDIT), a business unit of General Dynamics, to modernize the Electronic Health Record (EHR) system of the Indian Health Service (IHS). This collaboration has helped Oracle Health expand its reach and impact in the healthcare industry by partnering with a respected organization like General Dynamics Information Technology
- In December 2023, KRY International AB collaborated with the prominent insurtech firm, SideCare, in France. This new partnership involves integrating its teleconsultation services to enhance access to primary care, specialty services, and psychology services. It enhanced and broaden their market presence.
- In July 2023, Medloop Ltd. Announced that they have shortlisted for the 2023 BusinessCloud HealthTech 50 awards. This has helped the company to position its product and has also provided recognition.
- In February 2023, Doktorse Nordic AB announced that it opened a new health center in Nacka Strand in Stockholm. Through the new establishment, Doktor.se strengthens its offer of more accessible care with good quality for patients in Stockholm.
- In July 2020, TeleClinic GmbH made a significant announcement regarding its acquisition by the Zur Rose Group. This acquisition not only boosted TeleClinic GmbH's market image but also expanded its market presence. By joining forces with the Zur Rose Group, TeleClinic GmbH gained access to a larger customer base and enhanced its capabilities to deliver telemedicine services.
Geographical Analysis
Geographically, the countries covered in the digital health market report are Denmark, Spain, U.K., Sweden, Netherlands, Austria, Italy, Belgium, France, Germany, and rest of Europe.
As per Data Bridge Market Research analysis:
Denmark is expected to be the dominant and fastest-growing country in the Europe digital health market
Denmark is expected to dominate and be the fastest-growing country in the Europe digital health market due to the strong healthcare system and supportive government policies contributing towards growth.
For more detailed information about the Europe digital health market report, click here – https://www.databridgemarketresearch.com/reports/europe-digital-health-market
