AI and Cloud to Empower the European Telehealth Market Securing Efficient Access to Essential Healthcare Services – PRNewswire

"Rising demand for consumer-centric services and tools in Europe's healthcare system is leading to the development of new business models," said Chandni Mathur, Healthcare & Life Sciences Senior Industry Analyst at Frost & Sullivan. "Adoption of advanced technologies such as artificial intelligence (AI), virtual reality, blockchain, the internet of medical things (IoMT), wearables, and cloud computing is expected to disrupt the telehealth market. 5G will feature as a key enabler to boost the adoption and effective utilization of these disruptive technologies."

Mathur added: "From a product type perspective, virtual visits will lead the overall telehealth market, registering growth at an astounding CAGR of 41.2% over the forecast period, followed by remote patient monitoring (RPM) at 20.4%. Further, mhealth and personal emergency response systems (PERS) will also contribute significantly to the market, garnering revenue at 27.5% and 7.7% CAGR, respectively."

Telehealth equipment makers, service providers, and technology enablers have an uphill task catering to the pandemic-driven sudden demand, which will require business model revision across the telehealth ecosystem. As a result, telehealth market participants have the following growth opportunities:

Innovative Business Models Powering the Telehealth Market in Europeis the latest addition to Frost & Sullivan's Healthcare & Life Sciences research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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Innovative Business Models Powering the Telehealth Market in Europe

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SOURCE Frost & Sullivan

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AI and Cloud to Empower the European Telehealth Market Securing Efficient Access to Essential Healthcare Services - PRNewswire