Companies & Markets: Strategic Analysis of the European Telemedicine Market

LONDON--(BUSINESS WIRE)-- Across Europe, improved access to technology and the need to reduce healthcare delivery costs have underpinned the search for cost-effective solutions. Telemedicine has proved to be an economical alternative to conventional healthcare delivery, while providing personalised solutions. These factors are expected to assist telemedicine in becoming an integral part of the healthcare system.

Spiralling healthcare costs and the demand for personalised healthcare solutions, paralleled by greater access to technology, are driving the market for telemedicine in Europe. In order to cut down costs, European governments are keen to leverage various information and communication technologies that will support economical and effective healthcare delivery. Telemedicine, a vital component of e-health, is gaining momentum with government support and is projected to witness a positive growth trajectory in Europe. Current low penetration levels are also paving the way for faster market growth.

While patients are getting accustomed to limited face-to-face contact for consultation, they continue to have major concerns about the confidentiality associated with telemedicine. They are unwilling to depend completely on remote assistance, as there is still scope for error. Although there is growing acceptance and adoption of telemedicine in Europe, patients are still reluctant to completely rely on telemedicine due to safety and confidentiality issues looming over data interpretation and usage. Social concerns related to data security are posing a key challenge to telemedicine's scalability.

Efforts need to be made to enhance patient confidence and establish the value of telemedicine in Europe. Data security and confidentiality issues should be addressed in order to overcome the challenge of acceptance and improve adoption rates. Similarly, the legal implications pertinent to cross-border telemedicine should be refined and clarified. This will be critical to the geographic expansion of telemedicine and the realisation of its full potential in delivering effective healthcare. Understanding patient needs and providing them with all the necessary information will help in boosting confidence levels. Employing techniques such as the digital signature in teleradiology has already helped address data security challenges. Similarly, innovative solutions will help overcome linguistic issues and technology constraints, while improving acceptance and penetration rates. Most importantly, telemedicine market participants should thrive to bridge the gap in effective healthcare delivery and the cost incurred.

Strategic Analysis of the European Telemedicine Market
http://www.companiesandmarkets.com/r.ashx?id=SC20QO5NQ702009?prk=7c4ed5b510c1ffe12b50d9829eddaba2



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KEYWORDS:   United Kingdom  Europe

INDUSTRY KEYWORDS:   Technology  Other Technology  Health  General Health

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