8.6 million Europeans used connected care solutions in 2021, according to Berg Insight

Berg Insight found in its latest research that around 8.6 million people in Europe were using connected care solutions at the end of 2021.

The figure refers to users of traditional telecare, next generation telecare and telehealth solutions in EU27+3 countries. Through 2027, Berg Insight predicts that the number of connected care users will grow at a compound annual growth rate (CAGR) of 12.1% to reach 17.1 million. Traditional telecare is currently the largest and most mature of the three market segments, but the next-generation telecare and telehealth market segments are expected to witness a higher growth rate over the next few years. Berg Insight expects next-generation telecare to overtake traditional telecare solutions to become the largest segment with 7.7 million users expected in 2027. Traditional telecare will follow with 7.5 million users and the telehealth segment will have approximately 5.7 million users by the end of the forecast period.

The traditional market for remote assistance equipment in Europe is strongly consolidated. The two major players, Tunstall and Legrand, hold leading positions in almost all markets, even though they face competition from local players such as Careium, TeleAlarm or Chubb. The new-generation remote assistance market, on the other hand, is more fragmented. In addition to major providers of telecare equipment, companies active in the next generation market include specialist providers such as Essence Group, Everon, Vitalbase and Vivago in activity monitoring; Navigil, Libify, Oysta Technology, SmartLife Care and Smartwatcher in mobile remote assistance; and Evondos, Vitavanti, AceAge and iZafe Group in medication adherence monitoring.

The telehealth market is also a fragmented market that is rapidly changing 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 providers and service providers over the next few years. One of the main developments is the ongoing digitization of telephone networks in Europe. Large-scale replacements of telecare equipment will be required because analog devices do not work reliably on digitized networks. At the same time, digitalization enables new types of solutions that can take care delivery to the next level. This includes next-generation telecare systems with new features as well as integrated solutions that enable combined delivery of telecare and telehealth services.are.

Samuel Andersson, IoT analyst at Berg Insight
Healthcare providers will begin to offer more and more proactive and predictive services, continuously analyzing user data and acting on anomalies. These solutions rely not only on data from remote care devices, but also from other sources such as smart home sensors, health records and connected medical devices. Another trend worth noting is the effect the Covid-19 pandemic has had on the adoption of telehealth and patient monitoring solutions. As lockdowns and quarantines were imposed around the world, healthcare providers were motivated to adopt remote patient monitoring and telehealth solutions. This helped overcome some of the institutional hesitation and conservatism that had previously been major barriers to adopting these solutions.

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