Germany Telehealth Market Size, Share, and COVID-19 Impact Analysis, By Type (Products and Services), By Modality (Store-and-Forward (Asynchronous), Real-Time (Synchronous), and Remote Patient Monitoring), By Application (Telemedicine, Patient Monitoring, Continuous Medical Education, and Others), By End User (Healthcare Facilities, Homecare, and Other), and Germany Telehealth Market Insights, Industry Trend, Forecasts to 2033
Industry: HealthcareGermany Telehealth Market Insights Forecasts to 2033
- The Germany Lubricants Market Size was valued at USD 9.05 Billion in 2023.
- The Germany Telehealth Market Size is Growing at a CAGR of 12.25% from 2023 to 2033
- The Germany Telehealth Market Size is Expected to reach USD 28.75 Billion by 2033
Get more details on this report -
The Germany Telehealth Market Size is anticipated to Exceed USD 28.75 Billion by 2033, Growing at a CAGR of 12.25% from 2023 to 2033. The Growing demand for remote healthcare services, integration of advanced technologies, and government support & regulatory framework are driving the Germany telehealth market.
Market Overview
Telehealth market refers to the use of technology for delivering healthcare services like consultations, monitoring, and diagnostics. The technology connects patients with healthcare providers remotely by using digital transformation and communication technologies. There is growing usage of telehealth in in-house healthcare services driven by the increasing prevalence of chronic diseases like cardiological diseases and cancer. The emergence of 5G technology and the penetration of smart wearable technologies are the factors that are escalating the market growth. Further, teletherapy is widely adopted in providing mental health services, creating new and unique pathways for the development and innovation of services aimed at improving people’s mental health. The increasing use of wearables, apps, and sensors in virtual care for real-time monitoring of patient’s vital signs and health are escalating the lucrative market growth opportunities.
Report Coverage
This research report categorizes the market for the Germany telehealth market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany telehealth market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany telehealth market.
Germany Telehealth Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023 : | USD 9.05 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 12.25% |
2033 Value Projection: | USD 28.75 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 189 |
Tables, Charts & Figures: | 100 |
Segments covered: | By Type, By Modality, By Application, By End User |
Companies covered:: | Jameda, Caresyntax, 1Doc3, Dio, Ada Health, Doctolib, Zava, Fernarzt, Dresdo, Health Hero, and Others. |
Pitfalls & Challenges: | Covid-19 Empact, Challenges, Growth, Analysis. |
Get more details on this report -
Driving Factors
The growing demand for remote healthcare services in the country, along with increasing technological advancements, is driving the telehealth market. The integration of advanced technological innovations like artificial intelligence (AI), remote monitoring tools, and augmented reality (AR) for making healthcare more personalized, precise, and accessible in order to improve patient care is significantly driving the market growth. Furthermore, the government support and regulatory framework are supporting the telehealth market. For instance, the progressive German Digital Healthcare Act of 2019 allows prescriptions, reimbursements, and medical advice through digital apps, with eleven currently approved in the country.
Restraining Factors
The lack of reliable digital infrastructure and budget constraints are restraining the telehealth market. Further, the limitation in the telehealth adoption owing to the connectivity gaps is challenging the market growth.
Market Segmentation
The Germany telehealth market share is classified into type, modality, application, and end user.
- The services segment dominated the market with the largest share in 2023 and is expected to grow at a significant CAGR during the projected timeframe.
Based on the type, the Germany telehealth market is divided into products and services. Among these, the services segment dominated the market with the largest share in 2023 and is expected to grow at a significant CAGR during the projected timeframe. Remote patient monitoring is the commonly used telehealth service in which real-time patient health data is collected and analysed & consolidated by the care providers for facilitating decision-making and allowing accurate diagnosis. The growth in virtual consultations and increasing start-up financing are propelling the market.
- The store-and-forward (asynchronous) segment held the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the modality, the Germany telehealth market is divided into store-and-forward (asynchronous), real-time (synchronous), and remote patient monitoring. Among these, the store-and-forward (asynchronous) segment held the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. In store-and-forward (asynchronous) telehealth modality, patients send medical information to the healthcare provider for later review. The use of digital images in teleradiology and telepathology for disease diagnosis is contributing to drive the market expansion.
- The telemedicine segment dominated the market with the largest market share in 2023 and is expected to grow at a substantial CAGR during the forecast period.
Based on the application, the Germany telehealth market is divided into telemedicine, patient monitoring, continuous medical education, and others. Among these, the telemedicine segment dominated the market with the largest market share in 2023 and is expected to grow at a substantial CAGR during the forecast period. Telemedicine focuses on remote clinical services such as diagnosis and treatment. The increasing number of doctors using virtual consultation apps and the adoption of telemedicine software are propelling the market.
- The healthcare facilities segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end user, the Germany telehealth market is divided into healthcare facilities, homecare, and other. Among these, the healthcare facilities segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Digital information and communication technologies are used for accessing healthcare services remotely and managing healthcare. The increased use of telemedicine for reducing the workload of healthcare professionals is driving the market demand.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Germany telehealth market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Jameda
- Caresyntax
- 1Doc3
- Dio
- Ada Health
- Doctolib
- Zava
- Fernarzt
- Dresdo
- Health Hero
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Telehealth Market based on the below-mentioned segments:
Germany Telehealth Market, By Type
- Products
- Services
Germany Telehealth Market, By Modality
- Store-and-Forward (Asynchronous)
- Real-Time (Synchronous)
- Remote Patient Monitoring
Germany Telehealth Market, By Application
- Telemedicine
- Patient Monitoring
- Continuous Medical Education
- Others
Germany Telehealth Market, By End User
- Healthcare Facilities
- Homecare
- Other
Need help to buy this report?