Europe Healthcare IT Market Overview:
Size of the Europe healthcare market is projected to grow from around $ 44.827 Million in 2018 to around $ 1, 28,788 million by 2025, increasing at a CAGR of around 16 % over the forecast period.
The market in Europe is projected to grow due to the growth of smart hospitals and developments in the home care segment and medical tourism, along with the increased demand for technology, innovative healthcare programmers, as well as drugs and medical devices based on advanced technology.
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Drivers, Challenges, and Opportunities:
The significant factors that propel the growth of the Europe Healthcare IT Market are the increased patient-centric & value-based approach, infrastructure for better and secured IT facilities, government focus on introducing IT in healthcare, growing demand for data center services, mainframe management, need to manage huge flow of patient data, growing adoption of technology solutions and need to reduce maintenance and service costs.
The emergence of personalized medicine, increased use of entry of disruptive and non-traditional competitors, exponential technologies, the demand for expanded care delivery sites, and revamped payment and public funding models do impact the financial performance of the health care ecosystem. The health care market is looking at technology for help, along with mergers, acquisitions, and partnerships. We have to see whether advances to well-being continue to be financial answers for the future.
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By Geography, Europe Healthcare IT Market is segmented into the nations of U.K., Germany, France, Italy, Spain, and Russia. The U.K. is expected to be the highest growing market for healthcare IT and Germany is the dominant market in terms of value due to its most significant spending in the European Union on healthcare.
In France and Germany, conditions are very different from the Nordic countries. The transition to lower care levels and specialization is not taking place on any large scale, mainly because healthcare is concentrated on hospitals and inpatient care. On the other hand, differences in working methods have led to significantly higher staff productivity compared to the Nordic countries, and shorter waiting times.
Some of the Key Players covered in this Europe Healthcare IT Market Report are.
The Europe healthcare market is highly competitive with the presence of several small and major key players. Prominent players in the regional market include Abbott Laboratories, LHC Group, A&D, Amedisys, Philips Healthcare, Kindred Healthcare, Linda Group, Almost Family Inc., Fresenius, Omron, McKesson. BAYADA Home Health Care, Kenner Software, Inc., and Roche.
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