How should the mobile industry address the vast business opportunity in the connected care market? The analyst forecasts that the number of cellular connections in the connected care market in Europe will increase from 3.3 million in 2021 to more than 9.1 million in 2027. Learn more about how wireless technology can become seamlessly integrated with telehealth and telecare solutions in this 170 page in-depth report.Connected Care Revenues in Europe Will Reach € 7.0 Billion by 2027
This report will allow you to:
- Profit from 30 executive interviews with market leading companies.
- Identify key players in the connected care ecosystem.
- Learn about the latest developments in connected care devices and services.
- Understand the dynamics of the European healthcare and social care systems.
- Evaluate how the adoption of next-generation solutions is proceeding.
- Benefit from expert market analysis including detailed market forecasts lasting until 2027.
The report answers the following questions:
- Which are the main verticals within connected care?
- What are the main drivers on this market in Europe?
- How many people are using telecare systems in each European country?
- What are the general technology trends for connected care products?
- Which are the leading telecare equipment providers in Europe?
- How will the connected care market evolve in the next five years?
- How will the markets for telehealth, telecare and smart home solutions converge?
- What is the potential market size for cellular IoT connectivity?
The traditional telecare equipment market in Europe is highly consolidated. The two major players - Tunstall and Legrand - hold leading positions in nearly all markets even though they are challenged by local players such as Careium, TeleAlarm and Chubb. The next-generation telecare market is on the other hand more fragmented. In addition to the leading telecare equipment vendors, companies active in the next-generation market include specialised providers such as Essence Group, Everon, Vitalbase and Vivago in activity monitoring; Navigil, Libify, Oysta Technology, SmartLife Care and Smartwatcher in mobile telecare; and Evondos, Vitavanti, AceAge and iZafe Group in medication compliance monitoring. The telehealth market is similarly a fragmented market that is evolving quickly and includes both start-ups and well-established solution providers such as Huma, Luscii, Dignio, Comarch, eDevice and SHL Telemedicine.
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 ongoing digitalisation of telephone networks around Europe. Large-scale replacements of telecare equipment will be needed as analogue devices do not function reliably on digitalised networks. At the same time, the digitalisation enables new types of solutions that can advance the delivery of care to the next level.
This includes next-generation telecare systems with new functions as well as integrated solutions that enable a combined delivery of telecare and telehealth services. “Care providers will start to offer more and more proactive and predictive services, by continuously analysing user data and acting on abnormalities. Such solutions rely on data not only from telecare devices, but also from other sources such as smart home sensors, healthcare records and connected medical devices”, said Samuel Andersson, IoT Analyst. Another trend worth noting is the effect that the Covid-19 pandemic has had on the adoption of telehealth and remote patient monitoring solutions. “As lockdowns and quarantines were imposed all around the world, healthcare providers were motivated to adopt remote patient monitoring and telehealth solutions. This helped overcome some of the institutional hesitancy and conservatism that previously were major barriers for the adoption these solutions”, concluded Mr. Andersson.
Who should read this report?
Connected Care in Europe is the foremost source of information about the telehealth and telecare solution markets in this region. Whether you are an equipment vendor, care provider, telecom operator, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.Table of Contents
Glossary
Executive Summary
The ageing population and the increasing prevalence of chronic diseases will be two of the greatest challenges in Europe during this century. It is widely believed that connected care solutions can ease the burden on society by enabling more efficient delivery of care and allowing people to live independently in their homes for longer. The analyst’s definition of connected care comprises telecare and telehealth solutions that are used for the remote delivery of healthcare and social care services. Today, the most common connected care solution is the traditional telecare alarm, which includes a wearable alarm button that the user presses in the case of an emergency. Next-generation telecare systems are technologically more advanced and can automatically trigger an alarm, for instance, if the user leaves home at an unexpected time or forgets to take his or her medicine. Furthermore, next-generation telecare solutions include mobile telecare alarms that users always can carry with them at all times. Telehealth solutions involve connected medical devices and monitoring services that are used for the remote monitoring and management of patients with COPD, chronic heart failure, diabetes, hypertension, asthma, coronary heart disease or chronic kidney disease.
Traditional telecare is the largest and most mature segment of the connected care market with a total of 5.9 million users at the end of 2021. The market for next-generation telecare solutions is entering a growth phase with an estimated total of 2.9 million users in the EU 27+3 countries at the end of 2021, whereas the number of telehealth users reached 1.3 million. The total number of people using connected care solutions amounted to 8.6 million at the end of 2021, as there is an overlap between the three solution categories. The market is forecasted to grow at a CAGR of 12.1 percent during the next six years to reach 17.1 million connected care users by 2027. The analyst expects that traditional telecare will be overtaken by next-generation telecare as the largest segment of the connected care market with a forecasted 7.7 million users in 2027. However, traditional telecare will follow with 7.5 million users and telehealth with 5.7 million users at the end of the forecast period.
Connected care revenues in the EU 27+3 countries reached an estimated € 3.6 billion in 2021. This includes revenues from traditional telecare solutions, next-generation telecare solutions and telehealth solutions. The market is expected to grow at a CAGR of 11.8 percent between 2021 and 2027 to reach € 7.0 billion at the end of the forecast period. Traditional telecare solutions accounted for the largest share of the market in 2021 but will not grow as quickly as the next-generation telecare and telehealth markets during the next six years.
The traditional telecare equipment market in Europe is highly consolidated. The two major players - Tunstall and Legrand - hold leading positions in nearly all markets and together account for almost two thirds of telecare unit sales in the region. The next-generation telecare market is on the other hand fragmented. In addition to the leading telecare equipment vendors, companies active in the next-generation market include specialised providers such as Essence Group, Just Checking, Vitalbase and Vivago in activity monitoring; Everon, Libify, Navigil, Oysta Technology, SmartLife Care and Smartwatcher in mobile telecare; and Evondos, Vitavanti, AceAge and iZafe Group in medication compliance monitoring. The telehealth market is similarly a fragmented market that is evolving quickly. Many new start-ups as well as well-established solution providers from adjacent industries are active on the market. Examples include Huma, Luscii, Dignio, Comarch, eDevice and SHL Telemedicine.
The ongoing digitalisation of telephone networks in Europe will require massive replacements of PSTN-based telecare systems in the coming years. At the same time, there is rising interest in new types of solutions that enable social care and healthcare services to be delivered more efficiently. The analyst expects that these trends will catalyse the transition to the next generation of connected care solutions. Future caregiving is also anticipated to be predictive in nature by continuously analysing user data and acting on abnormalities. Care providers will work with solutions that rely on data not only from telecare devices, but also from other sources such as smart home sensors and healthcare records. The transition to digital technologies is good news for mobile network operators, as the vast majority of all new connected care systems rely on cellular connectivity. In fact, the analyst predicts that the number of cellular connections will grow from around 3.3 million in 2021 to more than 9.1 million in 2027.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 9Solutions
- Ab Medica
- AceAge
- Alphabet
- Althea
- Appello
- Apple
- Azur Soft
- Beghelli
- Bepatient
- BT Group
- Buddi
- Camanio
- Careium (Doro Care)
- Chubb Community Care
- Comarch
- ContinYou
- Dignio
- eDevice
- Enovation (Verklizan)
- Essence Group
- Eurocross
- Everon
- Evondos
- GTX Corp
- Hope Care
- Huma
- iZafe Group (MediRätt)
- Just Checking
- KPN
- Legrand Care
- Libify
- Limmex
- Luscii
- Medimi
- Medixine
- MedM
- Merck Group
- Navigil
- OpenTeleHealth
- Oysta Technology
- Posifon
- S3 Connected Health
- Sensio
- SHL Telemedicine
- Skyresponse
- SmartLife Care
- Smartwatcher
- TeleAlarm Group
- Telefónica
- Telegrafik
- Tellu
- Tunstall Healthcare Group
- Urmet ATE
- Vitagroup
- Vitakt Hausnotruf
- Vitalbase
- Vitavanti Medical Solutions
- Vivago
- VIVAI Software
- Voluntis
- Yorbl
Methodology
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