The Europe Telecare Market would witness market growth of 4.9% CAGR during the forecast period (2021-2027).
The use of telehealth services is being fueled by increased government funding and efforts. For example, the Biden-Harris Administration announced a USD 19 million investment intending to strengthen healthcare delivery and resolve gaps in care in rural areas with limited access to key services in August 2021. To acquire a competitive advantage and increase their product line and business presence, key competitors are contemplating their alliances and mergers and acquisitions.
The cost of healthcare services is increasing all across the world. Increasing consumption of healthcare services is the key driver of rising healthcare expenses, which leads to increased consumer demand for novel and innovative treatments, lifestyle variables, and other considerations. Additionally, cost-shifting from government programs to private payers is also playing a major role in this. Additionally, low reimbursements have escalated the cost-shifting pressure on doctors and hospitals. Due to this, the preferences of patients are rapidly shifting toward telecare services.
The rising geriatric population, higher consumption of modern telecare solutions, increasing disposable income, and increasing government initiatives to develop novel telecare solutions are the primary drivers fueling the growth of the regional market. Home care setups are being encouraged across the region because they are easily accessible, continuously monitor health, and provide quick results.
According to Euraxess, the share of Europe's long-term healthcare costs in GDP is estimated to increase from 1.8 percent in 2010 to 2.2 percent in 2025, and then to 3.2 percent in 2050. Additionally, Government across this region is expected to increase their investments in protecting the health and wellness of their citizens. As a result, healthcare and social-care employees account for a significant portion of the overall workforce.
The Germany market dominated the Europe Telecare Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $348.3 million by 2027. The UK market is exhibiting a CAGR of 4.1% during (2021 - 2027). Additionally, The France market would display a CAGR of 5.7% during (2021 - 2027).
Based on Product Type, the market is segmented into Activity Monitoring and Remote Medication Management. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Telecare Market Size will Hit $5.5 Billion by 2027, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Pfizer, Inc., Sanofi S.A., Johnson & Johnson, AllScripts Healthcare Solutions, Inc., AT&T, Inc., Samsung Electronics Co., Ltd., Apple, Inc., Qualcomm, Inc., and Google LLC.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Activity Monitoring
- Remote Medication Management
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Pfizer, Inc.
- Sanofi S.A.
- Johnson & Johnson
- AllScripts Healthcare Solutions, Inc.
- AT&T, Inc.
- Samsung Electronics Co., Ltd.
- Apple, Inc.
- Qualcomm, Inc.
- Google LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Telecare Market, by Product Type
1.4.2 Europe Telecare Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2020, Mar – 2021, Dec) Leading Players
Chapter 4. Europe Telecare Market by Product Type
4.1 Europe Activity Monitoring Market by Country
4.2 Europe Remote Medication Management Market by Country
Chapter 5. Europe Telecare Market by Country
5.1 Germany Telecare Market
5.1.1 Germany Telecare Market by Product Type
5.2 UK Telecare Market
5.2.1 UK Telecare Market by Product Type
5.3 France Telecare Market
5.3.1 France Telecare Market by Product Type
5.4 Russia Telecare Market
5.4.1 Russia Telecare Market by Product Type
5.5 Spain Telecare Market
5.5.1 Spain Telecare Market by Product Type
5.6 Italy Telecare Market
5.6.1 Italy Telecare Market by Product Type
5.7 Rest of Europe Telecare Market
5.7.1 Rest of Europe Telecare Market by Product Type
Chapter 6. Company Profiles
6.1 Abbott Laboratories
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.2 Pfizer, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Development Expense
6.3 Sanofi S.A.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Product Launches and Product Expansions:
6.4 Johnson and Johnson
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental &Regional Analysis
6.4.4 Research & Development Expenses
6.5 AllScripts Healthcare Solutions, Inc.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional & Segmental Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Acquisition and Mergers:
6.6 AT&T, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 Recent strategies and developments:
6.6.5.1 Partnerships, Collaborations, and Agreements:
6.7 Samsung Electronics Co., Ltd. (Samsung Group)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.7.5 Recent strategies and developments:
6.7.5.1 Partnerships, Collaborations, and Agreements:
6.7.5.2 Product Launches and Product Expansions:
6.7.6 SWOT Analysis
6.8 Apple, Inc.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Product and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.6 SWOT Analysis
6.9 Qualcomm, Inc.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 SWOT Analysis
6.10. Google LLC
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 Recent strategies and developments:
6.10.5.1 Partnerships, Collaborations, and Agreements:
6.10.6 SWOT Analysis
TABLE 1 Europe Telecare Market, 2017 - 2020, USD Million
TABLE 2 Europe Telecare Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Telecare Market
TABLE 4 Product Launches And Product Expansions– Telecare Market
TABLE 5 Acquisition and Mergers– Telecare Market
TABLE 6 Europe Telecare Market by Product Type, 2017 - 2020, USD Million
TABLE 7 Europe Telecare Market by Product Type, 2021 - 2027, USD Million
TABLE 8 Europe Activity Monitoring Market by Country, 2017 - 2020, USD Million
TABLE 9 Europe Activity Monitoring Market by Country, 2021 - 2027, USD Million
TABLE 10 Europe Remote Medication Management Market by Country, 2017 - 2020, USD Million
TABLE 11 Europe Remote Medication Management Market by Country, 2021 - 2027, USD Million
TABLE 12 Europe Telecare Market by Country, 2017 - 2020, USD Million
TABLE 13 Europe Telecare Market by Country, 2021 - 2027, USD Million
TABLE 14 Germany Telecare Market, 2017 - 2020, USD Million
TABLE 15 Germany Telecare Market, 2021 - 2027, USD Million
TABLE 16 Germany Telecare Market by Product Type, 2017 - 2020, USD Million
TABLE 17 Germany Telecare Market by Product Type, 2021 - 2027, USD Million
TABLE 18 UK Telecare Market, 2017 - 2020, USD Million
TABLE 19 UK Telecare Market, 2021 - 2027, USD Million
TABLE 20 UK Telecare Market by Product Type, 2017 - 2020, USD Million
TABLE 21 UK Telecare Market by Product Type, 2021 - 2027, USD Million
TABLE 22 France Telecare Market, 2017 - 2020, USD Million
TABLE 23 France Telecare Market, 2021 - 2027, USD Million
TABLE 24 France Telecare Market by Product Type, 2017 - 2020, USD Million
TABLE 25 France Telecare Market by Product Type, 2021 - 2027, USD Million
TABLE 26 Russia Telecare Market, 2017 - 2020, USD Million
TABLE 27 Russia Telecare Market, 2021 - 2027, USD Million
TABLE 28 Russia Telecare Market by Product Type, 2017 - 2020, USD Million
TABLE 29 Russia Telecare Market by Product Type, 2021 - 2027, USD Million
TABLE 30 Spain Telecare Market, 2017 - 2020, USD Million
TABLE 31 Spain Telecare Market, 2021 - 2027, USD Million
TABLE 32 Spain Telecare Market by Product Type, 2017 - 2020, USD Million
TABLE 33 Spain Telecare Market by Product Type, 2021 - 2027, USD Million
TABLE 34 Italy Telecare Market, 2017 - 2020, USD Million
TABLE 35 Italy Telecare Market, 2021 - 2027, USD Million
TABLE 36 Italy Telecare Market by Product Type, 2017 - 2020, USD Million
TABLE 37 Italy Telecare Market by Product Type, 2021 - 2027, USD Million
TABLE 38 Rest of Europe Telecare Market, 2017 - 2020, USD Million
TABLE 39 Rest of Europe Telecare Market, 2021 - 2027, USD Million
TABLE 40 Rest of Europe Telecare Market by Product Type, 2017 - 2020, USD Million
TABLE 41 Rest of Europe Telecare Market by Product Type, 2021 - 2027, USD Million
TABLE 42 Key Information – Abbott Laboratories
TABLE 43 Key Information – Pfizer, Inc.
TABLE 44 Key Information – Sanofi S.A.
TABLE 45 Key information –Johnson and Johnson
TABLE 46 Key Information – AllScripts Healthcare Solutions, Inc.
TABLE 47 Key Information – AT&T, Inc.
TABLE 48 Key Information –Samsung Electronics Co., Ltd.
TABLE 49 Key Information – Apple, Inc.
TABLE 50 Key Information – Qualcomm, Inc.
TABLE 51 Key Information – Google LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2020, Mar – 2021, Dec) Leading Players
FIG 5 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 6 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 7 SWOT Analysis: apple, Inc.
FIG 8 SWOT Analysis: Qualcomm, Inc.
FIG 9 SWOT Analysis: Alphabet Inc. (Google LLC)