Berg Insight says 16.5 million Europeans will use connected care solutions in 2022
December 4, 2017 (Investorideas.com Newswire) Gothenburg, Sweden – December 4, 2017: According to a new research report from the IoT analyst firm Berg Insight, around 5.9 million people in Europe were using connected care solutions at the end of 2016. The figure refers to users of traditional telecare, next-generation telecare and telehealth solutions in the EU28+2 countries. Until 2022, Berg Insight forecasts that the number of connected care users will grow at a compound annual growth rate (CAGR) of 18.7 percent to reach 16.5 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 have a higher growth rate while traditional telecare is being phased out. Berg Insight expects that traditional telecare will be overtaken by next-generation telecare as the largest segment of the connected care market with a forecasted 8.1 million users in 2022. However, traditional telecare will follow with 6.2 million users and telehealth with 4.0 million users at the end of the forecast period.
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 countries. Massive replacements of telecare equipment will be needed due to that analogue devices no longer function reliably when the PSTN infrastructure is modernized. At the same time, 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.
"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 Anders Frick, Senior Analyst, Berg Insight. He adds that this need will only grow stronger in the future as the European population structure ages and the prevalence of chronic diseases increases.
Download report brochure: Connected Care in Europe – 2nd Edition
About Berg Insight
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 850 clients in 70 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
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Johan Fagerberg, CEO
Phone: +46 31 711 30 91
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