Germany HealthTech Market Introduction and Overview
According to SPER Market Research, the Germany HealthTech Market is estimated to reach USD XX Billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Germany HealthTech Market, including market size and trends, product mix, applications, and supplier analysis. Healthtech, is the use of technology like software, hardware, and data analysis to improve healthcare delivery, efficiency, and outcomes. It encompasses a diverse set of technologies, including electronic health records (EHRs) and telemedicine, as well as wearable devices and mobile apps for tracking and monitoring health data. Healthtech is utilised to enhance patient care and results, increase efficiency and cost savings, and improve communication and collaboration among healthcare providers. It also entails studying vast volumes of health data using artificial intelligence (AI) and machine learning (ML) to improve patient care and outcomes. Overall, healthcare technology has the potential to revolutionise the sector by making it more patient-centered, data-driven, and individualised.
- May 2020: Resideo Technologies upgraded LifeStream v5.7 and Genesis Touch v3.8 to include text messaging and video scheduling.
- October 2019: Cerner launched a new cognitive health platform and EHR training framework.
Market Opportunities and Challenges
The most crucial market trends are favourable activities aimed at reimbursement of categories such as telemedicine under the new digital health rules. Telemedicine consultations, for example, which were prohibited by German healthcare rules until 2018, are now not only permissible but also encouraged. Apart from promotion, telemedicine services are compensated by the state health insurance agency, which serves around 90% of the German population. As a result, an increasing number of industry participants are focused on the implementation of digital healthcare solutions in Germany. In a dynamic market, many local firms, such as new startups, are focusing on strengthening their market presence. This is predicted to enhance demand for smart healthcare in Germany as public awareness grows in the coming days. Furthermore, good reimbursement measures are projected to accelerate its uptake.
However, concerns about the protection of patients' data are one of the most important reasons influencing increased adoption in Germany. This attitude has resulted in a low level of adoption of smart healthcare as an equivalent and adequate substitute for conventional treatment in a variety of conditions. Numerous clinical studies demonstrate that there are serious worries about breaches of sensitive data. Following the recent passage of Germany's digital health legislation, several patient advocates emphasised the law's flaws. These factors are expected to hamper the market's growth over the forecast period.
Market Competitive Landscape
In the German market, major companies like GE Healthcare and Siemens compete with developing domestic players such as InterComponentWare (ICW), eGym, Ada, Clue, and Freeletics. As of 2019, GE Healthcare and Siemens Healthineers AG occupied key positions, holding a sizable market share. Furthermore, established firms from North America and other European countries, such as Cerner and Resideo Technologies Inc., are looking to increase their presence in Germany due to government mandates such as the requirement for Electronic Health Records (EHR) under statutory health insurance. Furthermore, Germany has approximately 1,379 health technology startups as of September.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Application, By End User
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| Regions covered | Berlin, Frankfurt, Munich, Others
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| Companies Covered | Abbott, Allscripts Healthcare Solutions, Inc., Cisco, Cerner Corporation, GE Healthcare, IBM, Olympus Corporation, Resideo Technologies Inc., Siemens Healthineers AG, Others
|
COVID-19 Impact on Germany HealthTech Market
In contrast to the medical devices and pharmaceuticals industry, the COVID-19 pandemic is expected to have a significant positive impact on certain healthcare IT sectors, such as smart healthcare. In Germany, government-imposed constraints have resulted in a shift towards telemedicine and mHealth for a variety of healthcare operations, driving the use of smart healthcare technologies for remote patient care. Furthermore, the German government has launched and financed efforts to promote the widespread use of digital healthcare technologies to prevent infection spread. As a result, the ongoing pandemic is expected to have a beneficial impact on the German economy, demonstrating the country's proactive approach to leveraging digital technologies in healthcare throughout this crisis.
Key Target Audience:
- Government and policymakers
- Healthcare Providers
- Insurance providers
- Investors
- Patients
- Research institutions and academia
- Others
Our in-depth analysis of the Germany HealthTech Market includes the following segments:
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By Product: |
Electronic Health Record
mHealth
RFID Systems
Smart Medication Delivery
Telemedicine
Others
|
|
By Application: |
Health Data Storage
Inventory Management
Monitoring and Treatment
Others
|
|
By End User: |
Homecare Settings
Hospitals & ASCs
Others
|
Key Topics Covered in the Report:
- Germany HealthTech Market Size (FY’2024-FY’2033)
- Overview of Germany HealthTech Market
- Segmentation of Germany HealthTech Market By Product (Electronic Health Record, mHealth, RFID Systems, Smart Medication Delivery, Telemedicine, Others)
- Segmentation of Germany HealthTech Market By Application (Health Data Storage, Inventory Management, Monitoring and Treatment, Others)
- Segmentation of Germany HealthTech Market By End User (Homecare Settings, Hospitals & ASCs, Others)
- Statistical Snap of Germany HealthTech Market
- Expansion Analysis of Germany HealthTech Market
- Problems and Obstacles in Germany HealthTech Market
- Competitive Landscape in the Germany HealthTech Market
- Impact of COVID-19 and Demonetization on Germany HealthTech Market
- Details on Current Investment in Germany HealthTech Market
- Competitive Analysis of Germany HealthTech Market
- Prominent Players in the Germany HealthTech Market
- SWOT Analysis of Germany HealthTech Market
- Germany HealthTech Market Future Outlook and Projections (FY’2024-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 Germany HealthTech 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. Germany HealthTech Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Germany HealthTech Market
7. Germany HealthTech Market, By Product (USD Million)
7.1. Germany HealthTech Market Value Share and Forecast, By Product, 2024-2033
7.2. Electronic Health Record
7.3. mHealth
7.4. RFID Systems
7.5. Smart Medication Delivery
7.6. Telemedicine
7.7. Others
8. Germany HealthTech Market, By Application (USD Million)
8.1. Germany HealthTech Market Value Share and Forecast, By Application, 2024-2033
8.2. Health Data Storage
8.3. Inventory Management
8.4. Monitoring and Treatment
8.5. Others
9. Germany HealthTech Market, By End User (USD Million)
9.1. Germany HealthTech Market Value Share and Forecast, By End User, 2024-2033
9.2. Homecare Settings
9.3. Hospitals & ASCs
9.4. Others
10. Germany HealthTech Market Forecast, 2020-2033 (USD Million)
10.1. Germany HealthTech Market Size and Market Share
11. Germany HealthTech Market, By Product, 2020-2033 (USD Million)
11.1. Germany HealthTech Market Size and Market Share By Product (2020-2027)
11.2. Germany HealthTech Market Size and Market Share By Product (2028-2033)
12. Germany HealthTech Market, By Application, 2020-2033 (USD Million)
12.1. Germany HealthTech Market Size and Market Share By Application (2020-2026)
12.2. Germany HealthTech Market Size and Market Share By Application (2027-2033)
13. Germany HealthTech Market, By End User, 2020-2033 (USD Million)
13.1. Germany HealthTech Market Size and Market Share By End User (2020-2026)
13.2. Germany HealthTech Market Size and Market Share By End User (2027-2033)
14. Germany HealthTech Market, By Region, 2020-2033 (USD Million)
14.1. Germany HealthTech Market Size and Market Share By Region (2020-2026)
14.2. Germany HealthTech Market Size and Market Share By Region (2027-2033)
14.3. Berlin
14.4. Frankfurt
14.5. Munich
14.6. Others
15. Company Profile
15.1. Abbott
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Allscripts Healthcare Solutions, Inc.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Cisco
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Cerner Corporation
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. GE Healthcare
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. IBM
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Olympus Corporation
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Resideo Technologies Inc.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Siemens Healthineers AG
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
