Medicine

Telemedicine Market: Information by Component (Hardware), Application (Telepsychiatry), Mode of Delivery (Cloud-Based), End-User (Providers), and Region — Forecast till 2029 | by Pruthviraj patil | Jan, 2022

Pruthviraj patil

Europe’s largest telemedicine market

The market is expected to grow at a CAGR of 13.6% from 2016 to 2024. The market is growing due to the rising number of chronic diseases, increasing health awareness, increasing disposable income, rising #geriatric population, and increasing focus on the healthcare infrastructure. However, the rising prevalence of #lifestyles diseases, such as diabetes, obesity, and heart diseases, and regulatory issues are expected to restrain the market growth.

𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝑭𝒓𝒆𝒆 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐇𝐞𝐫𝐞➦ https://straitsresearch.com/report/telemedicine-market/request-sample

Increasing prevalence of chronic diseases
The rise in the prevalence of chronic diseases, such as diabetes, obesity, and heart diseases, has been driving the growth of the telemedicine market in Europe. According to the WHO, diabetes alone affects more than 400 million people worldwide, and by 2030, the number is expected to reach 592 million. This has increased the demand for telemedicine solutions in the European region. The number of cases of #diabetes in the United Kingdom is expected to increase by 32.2% by 2030, and the number of people with diabetes in France is expected to increase by 27.8% by 2030.

In addition, the rise in obesity is also expected to increase the demand for telemedicine solutions. According to the WHO, the number of obese people in the United Kingdom is expected to increase by 15.4% by 2030. Furthermore, the rise in obesity is expected to be more than twice in the next two decades.

Increasing disposable income
According to the WHO, the average per capita income of the European region is expected to grow from $2,200 in 2015 to $3,100 by 2025. The disposable income of people in Europe is expected to increase by 13.3% by 2025. This will boost the demand for telemedicine solutions in the European region.

Key Players

  • Koninklijke Philips N.V. (the Netherlands)
  • Medtronic (Ireland)
  • GE Healthcare (the U.S.)
  • Cerner Corporation (the U.S.)
  • Siemens Healthineers (Germany)
  • Cisco Systems, Inc. (the U.S.)
  • Teladoc Health Inc. (the U.S.)
  • American Well (the U.S.)
  • AMC Health (the U.S.)
  • MDLive (the U.S.)
  • By Region
  • Americas
  • North America
  • The U.S.
  • Canada
  • South America
  • Europe
  • Western Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain

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