Europe Telehealth Market Set to Reach $151.01 Billion by 2030-Innovative Insights Unveiled by Meticulous Research®

[Redding, California, 19-03-2024]: Meticulous Research®, a leading authority in delivering pioneering market intelligence, announces the release of an exclusive report delving into the Europe Telehealth Market. Titled "Europe Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premise), Services (Real-time, Remote Monitoring)], Application (Radiology, Cardiology, Psychiatry), End User (Provider, Payer)-Forecast to 2030," this comprehensive analysis projects the market to attain a valuation of $151.01 billion by 2030, with a remarkable Compound Annual Growth Rate (CAGR) of 18.2% from 2023 onwards.

Telehealth, synonymous with telemedicine, revolutionizes healthcare delivery by enabling remote access to medical services, including consultations and examinations. Facilitating evaluations, diagnoses, and treatments without the necessity for in-person visits, telehealth services leverage personal devices or dedicated telehealth kiosks, enhancing patient convenience and healthcare accessibility, particularly in rural areas.

Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5638

The surge in the Europe telehealth market is underpinned by various factors. These include the escalating shortage of healthcare professionals, government support for healthcare digitization and cost reduction, a burgeoning geriatric population, and an uptick in chronic disease prevalence. Additionally, the advent of artificial intelligence and virtual assistants, alongside telerobot development, presents lucrative growth avenues. Nevertheless, concerns regarding patient privacy and confidentiality pose challenges to market expansion.

Driving Force Behind Market Growth: Addressing Healthcare Workforce Shortages

The scarcity of healthcare professionals emerges as a pressing concern, impeding healthcare accessibility and quality. Demographic factors such as retirements and a dearth of new entrants into the healthcare field exacerbate this shortage. For instance, England (U.K.) grapples with approximately 124,000 healthcare vacancies, with an anticipated one in four general practitioner positions remaining unfilled by 2030. In Italy, an estimated 40,000 physicians are projected to retire or resign in the next five years. To mitigate this challenge and ensure quality care delivery, telehealth adoption gains traction across Europe.

Browse in depth @ https://www.meticulousresearch.com/product/europe-telehealth-market-5638

The report provides an extensive assessment of the market, spanning components, applications, end-users, and country-level analyses. It elucidates key growth strategies adopted by market leaders between 2020 and 2023.

Key players profiled in this market study include Aerotel Medical Systems (1998) Ltd. (Israel), Cerner Corporation (U.S.), Medtronic Public Limited Company (Ireland), and Koninklijke Philips N.V. (Netherlands), among others.

Request Free Research Report Sample: https://www.meticulousresearch.com/request-sample-report/cp_id=5638

Segment Analysis: Unlocking Market Potential

Component Segmentation: The services segment, anticipated to dominate the market in 2023, experiences robust growth driven by increased demand for specialized care and the imperative for enhanced healthcare efficiency and cost reduction.

Application Segmentation: Psychiatry emerges as the leading segment in 2023, propelled by rising mental health disorder prevalence and the scarcity of psychiatric primary care.

End-User Segmentation: Healthcare providers seize the largest market share in 2023, buoyed by Europe's advanced healthcare system and well-established telehealth infrastructure within hospitals.

Germany is poised to exhibit the highest growth rate in the Europe telehealth market from 2023 to 2030, propelled by physician shortages, government initiatives promoting digital healthcare, and favorable healthcare reforms.

Quick Buy @ https://www.meticulousresearch.com/Checkout/94231325

Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.

This release was published on openPR.