The number of connected care users will grow at a compound annual growth rate (CAGR) of 18.7 per cent over the next five years to reach 16.5m, compared to 5.9m people at the end of 2016. report from the IoT analyst firm Berg Insight.
The figures come from the IoT analyst firm Berg Insight, and include users of traditional telecare, next-generation telecare and telehealth solutions in the EU28+2 countries.
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 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, users in 2022. However, traditional telecare will follow with 6.2m users, and telehealth with 4m 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 digitalisation of telephone networks that has already started in several countries. Massive replacements of telecare equipment will be needed, since analogue devices no longer function reliably when the PSTN infrastructure is modernised.
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 at 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.
Source: Mobile Marketing Magazine