According to Latest Report on Germany Telemedicine Market 2023 to Grow with an Impressive CAGR

Report Overview

Germanys Cardiovascular therapeutics market size stood at around USD XX.X billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 14.5% during the forecast period.

Integrating healthcare with advanced technologies like IoT, and data analytics has increased the growth opportunities of the telemedicine market in Germany. Also, the emergence of home care devices and social platforms has improved communication between consumers and professionals for transferring information and physiological data which, home care devices can track the health status of patients and will regularly update the data to professionals leading to rising demand for these devices. Besides, improved use of technology in healthcare conveyance and a lack of physicians in rural areas is foreseen to offer a new prospect for most of the telemedicine market

Though the signs of progress in the Telemedicine market are visible, with the E-health initiative of the German government or recent legislative initiatives, long processes are observed that do not facilitate the use of telemedicine.

Although some federal states, e.g., North Rhine Westphalia, Bavaria, Mecklenburg-Western Pomerania, and Saxony, show exemplary activities, there are still many white areas on the telemedicine map of Germany.

The road to standard care will be long but is not unattainable. The reasons for supporting telemedicine are still strong. The future development of telemedicine applications will contribute to sustainable and high-quality patient care in Germany.

Market Driving and Restraining Factors

Market Drivers

The emergence of favorable policies and advancements in the telemedicine market.

According to the German National Association of Statutory Health Insurance (Kassenrztliche Bundesvereinigung), video consultation hours can be used by almost all groups of doctors. The only exceptions are laboratory physicians, nuclear medicine specialists, pathologists, and radiologists. For psychotherapists, telemedicine should in principle only be used if there was already a personal first contact for entrance diagnostics, indication position, and explanation. Moreover, if from a therapeutic view no direct personal contact is necessary.

High literacy rate

Rise in population of elderly patients

Other driving factors include better socio-economic conditions, increase in the rate of chronic diseases, increase in adoption of IT solutions in healthcare, rise in demand for basic care services

Restraining Factors

Telemedicine as a subject has reached politics, doctors, and patients, but it has still not been able to make the leap from research, development, and testing into real practice. This is generally because of the great barriers to implementation, mainly the lack of telematics infrastructure and of payment regulations in Germany. Telemedicine projects are mainly isolated applications, and it has not been possible to integrate them into nationwide regular health services. Other challenges along the path to standard care include that research-based small-medium enterprise (SME) companies usually face high barriers hindering access to this market because it is impossible for them to finance all the required evidence-based studies to verify the medical benefits and the economic efficiency.

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By Technology:

Hardware

Software

Telecommunication

By Service:

Tele-Monitoring

Tele-Consulting

Tele-Care

Tele-Education

Tele-Surgery

Tele-consulting accounted for a higher share owing to patient preference and demand for better healthcare expertise which boosts the growth of the segment. On the other hand, tele-education is expected to witness a high CAGR in the forecast period owing to continual education programs in rural areas by enabling them with access to visuals, lectures, electronic libraries which propels the growth of the segment.

By Application:

Tele-Cardiology

General Medicines

Tele-Radiology

Tele-Pathology

Tele-Dermatology

Tele-Neurology

Emergency Care

Home Health and others

As mentioned, the attraction was highest for General medicines in the Telemedicine market.

By Delivery Mode:

Web-Based

Cloud-Based and others

By End-Users:

Tele-Hospitals

Tele-Homes and others

Major Players

Some of the major industry players involved in the market include AMD Telemedicine, Cerner Germany, Cisco and Teledoc, Medtronic GmbH, among others.

Companies undertake various strategies such as mergers & acquisitions, new product launches, and geographic expansions to strengthen their market share.

For instance, in August 2020, Health Hero launched a telehealth platform. The service enables patients to communicate with mental health clinicians, general practitioners, and specialists. This launch is expected to expand their business portfolio as well as customer base.

 

The report delivers the challenges in front of the Germany Telemedicine Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Germany Telemedicines Market including the current trends, growth opportunities, restraints, and market drivers.

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By Technology:

Hardware

Software

Telecommunication

By Service:

Tele-Monitoring

Tele-Consulting

Tele-Care

Tele-Education

Tele-Surgery

Tele-consulting accounted for a higher share owing to patient preference and demand for better healthcare expertise which boosts the growth of the segment. On the other hand, tele-education is expected to witness a high CAGR in the forecast period owing to continual education programs in rural areas by enabling them with access to visuals, lectures, electronic libraries which propels the growth of the segment.

By Application:

Tele-Cardiology

General Medicines

Tele-Radiology

Tele-Pathology

Tele-Dermatology

Tele-Neurology

Emergency Care

Home Health and others

As mentioned, the attraction was highest for General medicines in the Telemedicine market.

By Delivery Mode:

Web-Based

Cloud-Based and others

By End-Users:

Tele-Hospitals

Tele-Homes and others

Major Players

Some of the major industry players involved in the market include AMD Telemedicine, Cerner Germany, Cisco and Teledoc, Medtronic GmbH, among others.

Companies undertake various strategies such as mergers & acquisitions, new product launches, and geographic expansions to strengthen their market share.

For instance, in August 2020, Health Hero launched a telehealth platform. The service enables patients to communicate with mental health clinicians, general practitioners, and specialists. This launch is expected to expand their business portfolio as well as customer base.

 

The Germany Telemedicine Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Germany Telemedicine market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Germany Telemedicine Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Germany Telemedicine market. Each section of the research study is specially prepared to explore key aspects of the global Germany Telemedicine Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Germany Telemedicine market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

This post-pandemic business planning research will aid clients to:
• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

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Our qualified team of researchers, analysts, and consultants use in-depth qualitative research, quantitative research, and the latest recognized research techniques to offer an unrivaled level of detail and value to your research activities. Our market and competitive intelligence can be utilized by teams across multiple departments, including sales and business development, marketing, to:

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Strategic Points Covered in Table of Content of Global Germany Telemedicine Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Germany Telemedicine market
Chapter 2: Exclusive Summary - the basic information of the Germany Telemedicine Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Germany Telemedicine
Chapter 4: Presenting the Germany Telemedicine Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Germany Telemedicine market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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