The Europe HealthTech Market is expected to witness market growth of 12.2% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe HealthTech Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $126.52 billion by 2032. The UK market is exhibiting a CAGR of 11.1% during 2025-2032. Additionally, the France market is expected to experience a CAGR of 13.1% during 2025-2032.
HealthTech has rapidly diversified into a broad range of applications that serve different segments of the healthcare landscape. At the clinical level, electronic health records (EHRs) have become the backbone of patient information management. These digital records allow clinicians to access a patient’s full medical history, lab results, and prescriptions in seconds - enhancing both speed and accuracy in treatment.
Remote patient monitoring (RPM) is another crucial application for individuals managing chronic conditions such as diabetes, hypertension, and cardiac diseases. Wearable devices like glucose monitors and smartwatches track vital parameters and transmit real-time data to healthcare providers, who can intervene if anomalies are detected.
As Europe’s healthcare systems increasingly prioritize digital transformation and infrastructure modernization, the market is poised for substantial growth. One of the most lucrative healthcare industries globally is Germany, a global leader in medical technology with an industry valuation of approximately USD 42 billion. Italy is undergoing a significant digital transformation in healthcare catalyzed by the National Recovery and Resilience Program (NRRP). In 2022, ICT expenditures in the healthcare sector reached $1.98 billion, a 7% increase from the previous year. In the United Kingdom, healthcare expenditure reached approximately $337 billion in 2020 - equivalent to 12.8% of GDP - with public health spending accounting for 82%. This 19.4% year-on-year increase reflects a strong government commitment to reinforcing the healthcare system post-pandemic. The scale of investment, combined with the UK’s mature digital infrastructure and innovation-led approach to healthcare, is propelling the growth of HealthTech. Therefore, the United Kingdom, Germany, and Italy are collectively redefining the landscape in Europe through targeted investments, digital integration, and strategic policy alignment.
The Germany market dominated the Europe HealthTech Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $126.52 billion by 2032. The UK market is exhibiting a CAGR of 11.1% during 2025-2032. Additionally, the France market is expected to experience a CAGR of 13.1% during 2025-2032.
HealthTech has rapidly diversified into a broad range of applications that serve different segments of the healthcare landscape. At the clinical level, electronic health records (EHRs) have become the backbone of patient information management. These digital records allow clinicians to access a patient’s full medical history, lab results, and prescriptions in seconds - enhancing both speed and accuracy in treatment.
Remote patient monitoring (RPM) is another crucial application for individuals managing chronic conditions such as diabetes, hypertension, and cardiac diseases. Wearable devices like glucose monitors and smartwatches track vital parameters and transmit real-time data to healthcare providers, who can intervene if anomalies are detected.
As Europe’s healthcare systems increasingly prioritize digital transformation and infrastructure modernization, the market is poised for substantial growth. One of the most lucrative healthcare industries globally is Germany, a global leader in medical technology with an industry valuation of approximately USD 42 billion. Italy is undergoing a significant digital transformation in healthcare catalyzed by the National Recovery and Resilience Program (NRRP). In 2022, ICT expenditures in the healthcare sector reached $1.98 billion, a 7% increase from the previous year. In the United Kingdom, healthcare expenditure reached approximately $337 billion in 2020 - equivalent to 12.8% of GDP - with public health spending accounting for 82%. This 19.4% year-on-year increase reflects a strong government commitment to reinforcing the healthcare system post-pandemic. The scale of investment, combined with the UK’s mature digital infrastructure and innovation-led approach to healthcare, is propelling the growth of HealthTech. Therefore, the United Kingdom, Germany, and Italy are collectively redefining the landscape in Europe through targeted investments, digital integration, and strategic policy alignment.
List of Key Companies Profiled
- Koninklijke Philips N.V.
- Epic Systems Corporation
- Omron Corporation
- Medtronic PLC
- Stratasys, Ltd.
- Materialise NV
- Stryker Corporation
- ZS Associates
- Siemens Healthineers AG (Siemens AG)
- Intuitive Surgical, Inc.
Market Report Segmentation
By End User
- Healthcare IT Institutions
- Consumers
By Component
- Hardware
- Software
- Services
By Deployment
- Cloud
- On-Premise
By Technology
- Telemedicine
- Healthcare E-commerce
- mHealth
- Healthcare IT
- Wearable
- Other Technology
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe HealthTech Market by End User
Chapter 6. Europe HealthTech Market by Component
Chapter 7. Europe HealthTech Market by Deployment
Chapter 8. Europe HealthTech Market by Technology
Chapter 9. Europe HealthTech Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Koninklijke Philips N.V.
- Epic Systems Corporation
- Omron Corporation
- Medtronic PLC
- Stratasys, Ltd.
- Materialise NV
- Stryker Corporation
- ZS Associates
- Siemens Healthineers AG (Siemens AG)
Methodology
LOADING...
