Europe Digital Health Market Introduction and Overview
According to SPER Market Research, the Europe Digital Health Market is estimated to reach USD 217.52 billion by 2033 with a CAGR of 18.01%.
The report includes an in-depth analysis of the Europe Digital Health Market, including market size and trends, product mix, applications, and supplier analysis. A contemporary approach to healthcare known as "digital health" makes use of technology to improve the administration, monitoring, and provision of medical treatment. It includes wearable technology, mobile health apps, electronic health records (EHR), telehealth, and healthcare information systems. Artificial intelligence (AI), cloud computing, big data analytics, and the Internet of Things (IoT) are just a few of the technologies used in digital health to improve patient care and efficiency.
- In April 2023: A cutting-edge technical solution with predictive capabilities was introduced by Telefónica Tech and 3M to enhance patient satisfaction by managing the Hospital Emergency Department (HED) more effectively. Healthcare practitioners can use this solution to identify areas for development so they can make better decisions.
- In June 2023: Apple revealed new health features for watchOS 10, iPadOS 17, and iOS 17 in an effort to give consumers cutting-edge resources and encourage them to take responsibility for their health. Users can now access data to better understand their health thanks to the two new features related to mental health and vision health.
Market Opportunities and Challenges
The market is expected to develop as a result of growing issues such the ageing population, the incidence of chronic diseases, and the lack of medical experts in Europe. Improved internet access, the development of digital technology, and the rising demand for virtual healthcare services are some of the key reasons expected to spur growth. One of the key factors expected to propel market growth over the forecast period is the abundance of data available in the healthcare sector, as well as the growing demand for quick and effective healthcare information technology (HCIT) solutions to process patient data accessiblely.
Furthermore, telehealth services improve patient engagement initiatives and close the communication gap between patients and medical professionals. This type of service cuts down on the inconveniences associated with making appointments and does away with the necessity for an in-person consultation. As a result, care costs and unnecessary expenses are decreased, which is anticipated to fuel the expansion of the digital health market in Europe in the next years.
However, concerns over privacy and data security are anticipated to have a detrimental effect on the expansion of the digital health sector in Europe. Healthcare records contain data that hackers might use. Furthermore, it is anticipated that the market's growth rate will be hampered during the forecast period by the high expenses of software development, a shortage of qualified specialists, and a lack of public awareness about health-related applications.
Market Competitive Landscape
The Europe Digital Health market is fragmented. The major players in the Europe Digital Health market include: Airstrip Technologies, Apple, Inc., Cerner Corporation, Cisco Systems Inc., Computer Programs and Systems, Inc., Epic Systems Corporation, Google, Inc., IBM Corporation, McKesson Corporation, Samsung Electronics Co. Ltd, Vodafone Group, Others. The main players are focusing on developing more technically advanced and economically viable products as a result of the growing need for digital platforms that enable improved remote healthcare services. The leading players' collaboration and partnership in order to extend their product portfolios, together with their initiatives for product innovation, are expected to fuel market expansion. Several key factors that are expected to propel the market expansion include the rise of startups and the increasing number of acquisitions made by the top companies in the industry to expand their service offerings and market presence.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Technology
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| Regions covered | U.K., Germany, France, Italy, Spain, Russia and rest of Europe
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| Companies Covered | Airstrip Technologies, Apple, Inc., Cerner Corporation, Cisco Systems Inc., Computer Programs and Systems, Inc., Epic Systems Corporation, Google, Inc., IBM Corporation, McKesson Corporation, Samsung Electronics Co. Ltd, Vodafone Group, Others |
COVID-19 Impact on Europe Digital Health Market
The COVID-19 crisis in Europe has accelerated the urgency for digital healthcare platforms, transforming them from a convenience to a vital necessity. These platforms play a crucial role in facilitating remote communication, surveillance, monitoring, and the efficient management of healthcare, including the critical vaccine rollout. The pandemic-induced fear, government-imposed restrictions, and lockdowns have further propelled the adoption of telecommunication platforms and virtual health consultations. Advancements in cybersecurity protocols and the integration of digital health tools like mHealth, telemedicine, and advanced diagnostics have experienced substantial growth. Government initiatives promoting virtual healthcare services contribute significantly to the expanding digital health market during and beyond the pandemic.
Key Target Audience:
- Health IT Companies
- Hospitals and Clinics
- Medical Device Manufacturers
- Nurses and Allied Health Professionals
- Patients and Caregivers
- Pharmaceutical Companies
- Physicians and Healthcare Practitioners
- Technology Companies
- Telehealth and Telemedicine Platforms
- Others
Our in-depth analysis of the Europe Digital Health Market includes the following segments:
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By Component:
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Hardware
Services
Software
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By Technology:
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Digital Health Systems
Healthcare Analytics
mHealth Apps
mHealth Wearables
Tele-healthcare
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By Region:
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U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
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Key Topics Covered in the Report:
- Europe Digital Health Market Size (FY’2023-FY’2033)
- Overview of Europe Digital Health Market
- Segmentation of Europe Digital Health Market By Component (Hardware, Services, Software)
- Segmentation of Europe Digital Health Market By Technology (Digital Health Systems, Healthcare Analytics, mHealth, Tele-healthcare)
- Statistical Snap of Europe Digital Health Market
- Expansion Analysis of Europe Digital Health Market
- Problems and Obstacles in Europe Digital Health Market
- Competitive Landscape in the Europe Digital Health Market
- Impact of COVID-19 and Demonetization on Europe Digital Health Market
- Details on Current Investment in Europe Digital Health Market
- Competitive Analysis of Europe Digital Health Market
- Prominent Players in the Europe Digital Health Market
- SWOT Analysis of Europe Digital Health Market
- Europe Digital Health Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Digital Health Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Digital Health Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Digital Health Market
7. Europe Digital Health Market, By Component (USD Million)
7.1. Europe Digital Health Market Value Share and Forecast, By Component, 2023-2033
7.2. Hardware
7.3. Services
7.4. Software
8. Europe Digital Health Market, By Technology (USD Million)
8.1. Europe Digital Health Market Value Share and Forecast, By Technology, 2023-2033
8.2. Digital Health Systems
8.2.1. EHR
8.2.2. E-Prescribing Systems
8.3. Healthcare Analytics
8.4. mHealth Apps
8.4.1. Fitness Apps
8.4.2. Medical Apps
8.5. mHealth Wearables
8.5.1. Activity Trackers/ Actigraphs
8.5.2. BP Monitors
8.5.3. Glucose Meters
8.5.4. Neurological Monitors
8.5.5. Pulse Oximeters
8.5.6. Sleep Apnea Monitors
8.6. Tele-healthcare
8.6.1. Tele-care
8.6.2. Activity Monitoring
8.6.3. Remote Medication Management
8.6.4. Telehealth
8.6.5. LTC Monitoring
8.6.6. Video Consultation
9. Europe Digital Health Market Forecast, 2019-2033 (USD Million)
9.1. Europe Digital Health Market Size and Market Share
10. Europe Digital Health Market, By Component, 2019-2033 (USD Million)
10.1. Europe Digital Health Market Size and Market Share By Component (2019-2026)
10.2. Europe Digital Health Market Size and Market Share By Component (2027-2033)
11. Europe Digital Health Market, By Technology, 2019-2033 (USD Million)
11.1. Europe Digital Health Market Size and Market Share By Technology (2019-2026)
11.2. Europe Digital Health Market Size and Market Share By Technology (2027-2033)
12. Europe Digital Health Market, By Region, 2019-2033 (USD Million)
12.1. Europe Digital Health Market Size and Market Share By Region (2019-2026)
12.2. Europe Digital Health Market Size and Market Share By Region (2027-2033)
12.3. U.K.
12.4. Germany
12.5. France
12.6. Italy
12.7. Spain
12.8. Russia
12.9. Rest of Europe
13. Company Profile
13.1. Airstrip Technologies
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Apple, Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Cerner Corporation
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Cisco Systems Inc.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Computer Programs and Systems, Inc.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Epic Systems Corporation
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Google, Inc.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. IBM Corporation
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. McKesson Corporation
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Samsung Electronics Co. Ltd
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Vodafone Group
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope