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London 06 September 2006The European telemedicine market is experiencing rapid growth. The ability to provide effective care for chronic and acute conditions in a cost-effective manner is enabling telemedicine to penetrate new markets. Frost & Sullivan finds that the European Telemedicine Market earned revenues of $87,48 million in 2005 and estimates this to reach $690,2 million in 2012.

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"The focus of the telemedicine market has shifted from curing to prevention", noted Frost & Sullivan Research Analyst C.R.Hema Varshika. "The need for efficient disease management together with the trend towards home care management will have a significant impact on the future of the European telemedicine market."

While telemedicine technology is penetrating a broader spectrum of medical specialities, government policies and reimbursement issues are restraining market development. "Telemedicine will be critical in European markets characterised by spiraling health care expenditure and an aging baby-boomer population", stated Ms. Varshika. "However, although certain countries have mandated the use of telemedicine, such policies have not permeated to all countries in the European Union (EU) due to disparities in laws between the various European countries greatly affecting the entry of new vendors into the market."

Telemedicine vendors need to focus on achieving uniform, European Union-wide regulation in order to simplify the process of entering newer markets. They also need to perform cost benefit analysis for other specialities that are growing in importance, such as dermatology and psychiatry.

Strategic Analysis of the European Telemedicine Market is part of the Patient Monitoring Subscription, which also includes research in the following markets: Remote Patient Monitoring and European Markets for Wireless Patient Monitoring in Hospitals. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Strategic Analysis of the European Telemedicine Market (M009- 56) you can send an e-mail to Radhika Menon Theodore, Corporate Communications at Frost & Sullivan with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. The information will be sent to you via e-mail upon receipt of the above information.


Leslie Versweyveld

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