Skip to main content

Connected Care Users to Reach 13.7 Million in Europe

One of the largest emerging applications for the Internet of Things is healthcare related technologies that enable remote monitoring and diagnostics. According to the latest market study by Berg Insight, around 4.7 million people in Europe were using connected care solutions at the end of 2013.

The term connected care refers to users of traditional telecare, next-generation telecare and telehealth solutions within the European countries where the study was conducted.

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 million.

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 European countries.

Massive replacements of telecare equipment will be needed due to that analogue devices no longer function reliably when the public switched telephone network (PSTN) infrastructure is modernized.

According to the Berg assessment, 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. All of these new services will be delivered via the public internet, and broadband access may be a requirement.

"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 at Berg Insight.

Berg believes that this need and demand will only grow stronger in the future as the European population structure ages and the prevalence of chronic diseases increases.

Popular posts from this blog

How Savvy Pioneers Lead the Future of Work

Hybrid and fully remote work are inevitable in the Global Networked Economy where high-performance talent demands flexibility from employers. To enable these progressive work models, organizations are investing in a wide range of technologies to support more agile types of employment.  According to the latest worldwide market study by International Data Corporation (IDC), leading organizations will spend nearly $1 billion on the Future of Work (FoW) in 2023 -- that's an increase of 18.8 percent over 2022. Future of Work Market Development "Work models continue to evolve, but 37 percent of decision-makers in a recent global survey note that Remote and Hybrid work models will be an embedded part of accepted work practices, supported by a continued shift to the cloud, increasingly instrumented and interconnected physical workplaces, and intelligent digital workspaces," said Holly Muscolino, group vice president at IDC . According to the IDC assessment, organizations must mak

Human Resource Transformation Enabled by IT

Many senior executives are taking a proactive approach to digital business transformation in order to achieve their strategic goals. Delivering revenue growth and profitability is now imperative for every function, including Human Resources (HR). The top 3 priority HR technologies this year are skills management, learning experience platforms, and internal talent marketplaces, according to the latest worldwide market study by Gartner. "With a tumultuous global economy, HR technology leaders face a balancing act in 2023," said Sam Grinter, director at Gartner . "Leaders must anticipate greater levels of accountability and demand for measurable outcomes to justify new technology investments." HR Transformation Market Development Forty-four percent of HR leaders report driving better business outcomes is their number one strategic priority for HR technology transformation over the next three years. Growth in headcount and skills (26 percent) and cost optimization (17 p

Global EV Charging Revenue to Exceed $300B

During 2022, fuel prices increased very quickly, partly due to a number of macroeconomic reasons. In fact, the effects of the global COVID-19 pandemic are still impacting fuel prices, with many oil refineries having reduced capacity due to a prior fall in demand. Those significant events and other trends have created a demand for a growing variety of Electric Vehicles (EVs). While EVs have existed for decades, they really became a viable option for more consumers during the past five years. However, although EVs are suitable for some buyer needs, their usability is constrained by the current availability of battery charging infrastructure. EV Charging Market Development According to the latest worldwide market study by Juniper Research, revenue from electric vehicle charging will exceed $300 billion globally by 2027 -- that's up from $66 billion in 2023. Regardless, the Juniper analysis found that fragmentation in battery charging networks is restricting further EV adoption in some