Press release
New Report Estimates Europe Digital Health Market Value of USD 292.95 Billion by 2033
Europe Digital Health Market Overview
The Europe digital health market was valued at USD 117.77 Billion in 2024 and is forecasted to reach USD 292.95 Billion by 2033, growing at a CAGR of 10.7% during the period 2025-2033. This growth is driven by advanced technologies improving patient care and efficiency, regulatory support for telehealth and data privacy, an aging population, and increasing emphasis on personalized medicine and cost reduction strategies.
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Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033
Europe Digital Health Market Key Takeaways
Current Market Size: USD 117.77 Billion in 2024
CAGR: 10.7% (2025-2033)
Forecast Period: 2025-2033
The market is driven by adoption of advanced healthcare technologies to improve patient care and operational efficiency.
Increasing prevalence of chronic diseases like respiratory disorders, diabetes, and cardiovascular conditions necessitate digital health solutions.
Regulatory support for telehealth and data privacy frameworks encourages digital health adoption.
Aging European population boosts demand for home-based and preventive healthcare services.
The widespread use of smartphones and mobile apps expands market accessibility and growth.
Market Growth Factors
Quickly, people adopted advanced healthcare technologies for driving the growth of the Europe digital health market. Technologies that are advanced like telemedicine, remote patient monitoring, and EHR (Electronic Health Records) promote easy access to healthcare services, help improve healthcare outcomes, and support the efficient functioning of healthcare infrastructure. The rise in chronic diseases such as respiratory diseases, diabetes and cardiovascular diseases causes a higher demand for these technologies. According to the European Environment Agency, respiratory diseases rank third among leading causes of death within Europe. Each year almost 420 000 people die from them. It therefore points to a case for the use of digital health technologies to help with chronic health condition management.
Market growth is also assisted by regulatory and government support. Reimbursable services, in combination with a consistent data privacy regulatory environment, would increase the incentive for consumers to utilize telehealth. Investments in digital infrastructure by governments and healthcare organizations are helping to stimulate innovation and the deployment of AI health technologies. WHO also highlights a flagship initiative that encourages the digital transformation of 53 European countries to improve the funding, interoperability and equity of uptake of AI health technologies.
An increasing aging population has also been a major contributor to this. According to the WHO, the population aged 60 years and older throughout Europe will increase from 215 million in 2021 to 247 million in 2030, and reach 300 million in 2050. This will increase the demand for remote/at-home and preventative care, which are well accommodated by digital health. The increasing prevalence of smart phones, mobile health applications that enable remote monitoring of health status, fitness tracking, medication adherence, and patient engagement and behavior improvement are driving the growth of the digital health market.
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Market Segmentation
Analysis by Type:
Telehealth: Leading segment offering remote healthcare through video consultation, virtual check-ups, and telemedicine platforms, improving access especially in underserved regions.
Medical Wearables: Devices like smartwatches, fitness trackers, and biosensors for real-time health monitoring and early detection of health issues.
EMR/EHR Systems: Digital systems for efficient patient data management and care coordination within hospitals and clinics, accelerated by value-based care models.
Medical Apps
Healthcare Analytics
Others
Analysis by Component:
Software: Includes data analytics tools, EHRs, and telehealth platforms that streamline healthcare processes and enhance patient management.
Hardware: Covers wearables, diagnostic tools, and telemedicine devices supporting real-time health monitoring and digital health implementation.
Service: Encompasses implementation, consulting, technical support, cloud hosting, and system maintenance crucial for digital health system integration.
Regional Insights
Germany leads the Europe digital health market owing to its advanced healthcare infrastructure and supportive government policies including the Digital Healthcare Act (DVG). The country emphasizes data security and interoperability, facilitating widespread digital health solution adoption. Strong collaborations between innovative startups, technology providers, and healthcare institutions contribute significantly to market growth. France and the United Kingdom also play vital roles with substantial investments in telemedicine, remote monitoring, AI healthcare tools, and a thriving tech ecosystem.
Recent Developments & News
April 18, 2024: SPMS launched the OurHealth@PT initiative in Portugal to enhance and expand MyHealth@EU services, supported under the EU4Health 2021-2027 program, strengthening Portugal's role in the European Health Data Space.
April 10, 2024: Dr. Reddy's Laboratories introduced the FDA-approved migraine management wearable device Nerivio in Germany, expanding plans to Spain and the UK. The company collaborates with Theranica to market Nerivio globally, targeting migraine sufferers worldwide.
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Key Players
SPMS
Dr. Reddy's Laboratories
Theranica
Philips
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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