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

Climate Change Benefits from The Circular Economy

The COP26 Summit (in Glasgow, Scotland)  brought parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change. Meanwhile, the circular economy is a key sustainability strategy adopted by industry leaders in their efforts to achieve progress. While the circular economy is still in its infancy in terms of data and metrics, it's a growing phenomenon where technology sectors -- such as the Internet of Things (IoT) for asset tracking -- are set to grow rapidly within the next five years. Global technology intelligence firm ABI Research forecasts that the world will achieve over 10.5 percent circularity by 2030, as sustainability efforts and incoming legislation start to take effect. Circular Economy Tech Market Development "The circular economy is an often-misunderstood concept that goes much further than waste management and can become a blueprint for cities. It is a movement away from our take-make-waste economy

Guidance for Leading Digital Business Value Creation

In today's environment where business technology is a key enabler of competitive advantage, CEOs need to be sure that someone is confidently leading digital business growth across the organization. The default is the Chief Information Officer (CIO) role. According to the latest worldwide market study by Gartner, in order to accelerate business value creation, CIOs and other IT executives should focus on three key areas -- leading from anywhere, nurturing connections, and reaching beyond. Mbula Schoen, senior research director at Gartner , said that as organizations continue to emerge from the disruption of the COVID-19 pandemic, CIOs and IT executives will need to generate value in fundamentally new ways. Business Technology Market Development Gartner forecasts that by the end of 2022, the share of knowledge workers working remotely will increase to 47 percent -- that's up from 27 percent in 2019. However, simply moving from onsite to remote is not the destination but merely a

Business Technology for The Anywhere Workspace

The COVID-19 global pandemic fueled the trend of pushing executives outside of their comfort zone, while government-mandated lockdowns required their knowledge worker employees to work from home. Companies that previously avoided 'Flexible Working' models were forced to embrace the pervasive trend in a matter of weeks, as new remote working policies became a CHRO standard practice. As we enter 2022, more employers will empower their key employees to work wherever they desire and engage with customers whenever and however they prefer. Moreover, the ongoing transformation to an 'Anywhere Workspace' will drive strategic IT spending and advance cloud-based SaaS adoption. Business Technology Market Development Global enterprise IT spending is projected to total $4.5 trillion in 2022, an increase of 5.5 percent over 2021, according to the latest worldwide market study by Gartner. "Enterprises will increasingly build new technologies and software, rather than buy and imp