Up to 13.7m Europeans will use connected care solutions in 2019
According to a new research report from the analyst firm Berg Insight, around 4.7 milion people in Europe were using connected care solutions at the end of 2013. The figure refers to users of traditional telecare, next-generation telecare and telehealth solutions in the EU28+2 countries.
Until 2019, Berg Insight forecasts that the number of connected care users will grow at a compound annual growth rate (CAGR) of 19.2 percent to reach 13.7 milion. Traditional telecare is currently the largest and most mature of the three market segments. The next-generation telecare and telehealth market segments are in a more nascent stage but are entering a strong growth phase that is expected to last for many years to come.
The European connected care industry is facing major changes that will reshape the competitive environment for solution vendors and service providers during the coming years. One of the main developments is the digitalization of telephone networks that already has started in several countries. Massive replacements of telecare equipment will be needed due to that analogue devices no longer function reliably when the PSTN infrastructure is modernised. At the same time, the market is opening up to new types of solutions that can advance the delivery of care to the next level. This includes next-generation telecare systems that support functionalities such as remote visits and video communication. “There is a strong need for solutions that enable social care and healthcare services to be delivered more cost-efficiently without compromising the quality of care”, said Lars Kurkinen, senior analyst, Berg Insight. He adds that this need will only grow stronger in the future as the European population structure ages and the prevalence of chronic diseases increases.
Download report brochure: Connected Care in Europe