
Europe HealthTech Market Size, Share & Trends Analysis Report By End User (Healthcare IT Institutions, and Consumers), By Component, By Deployment, By Technology, By Country and Growth Forecast, 2025 - 2032
Description
The Europe HealthTech Market would witness market growth of 12.2% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe HealthTech Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $126,520 million by 2032. The UK market is exhibiting a CAGR of 11.1% during (2025 - 2032). Additionally, The France market would experience a CAGR of 13.1% during (2025 - 2032).
HealthTech has rapidly diversified into a broad range of applications that serve different segments of the healthcare landscape. At the clinical level, electronic health records (EHRs) have become the backbone of patient information management. These digital records allow clinicians to access a patient’s full medical history, lab results, and prescriptions in seconds—enhancing both speed and accuracy in treatment.
Remote patient monitoring (RPM) is another crucial application for individuals managing chronic conditions such as diabetes, hypertension, and cardiac diseases. Wearable devices like glucose monitors and smartwatches track vital parameters and transmit real-time data to healthcare providers, who can intervene if anomalies are detected.
As Europe’s healthcare systems increasingly prioritize digital transformation and infrastructure modernization, the market is poised for substantial growth. One of the most lucrative healthcare industries globally is Germany, a global leader in medical technology with an industry valuation of approximately USD 42 billion. Italy is undergoing a significant digital transformation in healthcare catalyzed by the National Recovery and Resilience Program (NRRP). In 2022, ICT expenditures in the healthcare sector reached $1.98 billion, a 7% increase from the previous year. In the United Kingdom, healthcare expenditure reached approximately $337 billion in 2020—equivalent to 12.8% of GDP—with public health spending accounting for 82%. This 19.4% year-on-year increase reflects a strong government commitment to reinforcing the healthcare system post-pandemic. The scale of investment, combined with the UK’s mature digital infrastructure and innovation-led approach to healthcare, is propelling the growth of HealthTech. Therefore, the United Kingdom, Germany, and Italy are collectively redefining the landscape in Europe through targeted investments, digital integration, and strategic policy alignment.
Based on End User, the market is segmented into Healthcare IT Institutions, and Consumers. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Deployment, the market is segmented into Cloud, and On-Premise. Based on Technology, the market is segmented into Telemedicine, Healthcare E-commerce, mHealth, Healthcare IT, Wearable, and Other Technology. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
By End User
The Germany market dominated the Europe HealthTech Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $126,520 million by 2032. The UK market is exhibiting a CAGR of 11.1% during (2025 - 2032). Additionally, The France market would experience a CAGR of 13.1% during (2025 - 2032).
HealthTech has rapidly diversified into a broad range of applications that serve different segments of the healthcare landscape. At the clinical level, electronic health records (EHRs) have become the backbone of patient information management. These digital records allow clinicians to access a patient’s full medical history, lab results, and prescriptions in seconds—enhancing both speed and accuracy in treatment.
Remote patient monitoring (RPM) is another crucial application for individuals managing chronic conditions such as diabetes, hypertension, and cardiac diseases. Wearable devices like glucose monitors and smartwatches track vital parameters and transmit real-time data to healthcare providers, who can intervene if anomalies are detected.
As Europe’s healthcare systems increasingly prioritize digital transformation and infrastructure modernization, the market is poised for substantial growth. One of the most lucrative healthcare industries globally is Germany, a global leader in medical technology with an industry valuation of approximately USD 42 billion. Italy is undergoing a significant digital transformation in healthcare catalyzed by the National Recovery and Resilience Program (NRRP). In 2022, ICT expenditures in the healthcare sector reached $1.98 billion, a 7% increase from the previous year. In the United Kingdom, healthcare expenditure reached approximately $337 billion in 2020—equivalent to 12.8% of GDP—with public health spending accounting for 82%. This 19.4% year-on-year increase reflects a strong government commitment to reinforcing the healthcare system post-pandemic. The scale of investment, combined with the UK’s mature digital infrastructure and innovation-led approach to healthcare, is propelling the growth of HealthTech. Therefore, the United Kingdom, Germany, and Italy are collectively redefining the landscape in Europe through targeted investments, digital integration, and strategic policy alignment.
Based on End User, the market is segmented into Healthcare IT Institutions, and Consumers. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Deployment, the market is segmented into Cloud, and On-Premise. Based on Technology, the market is segmented into Telemedicine, Healthcare E-commerce, mHealth, Healthcare IT, Wearable, and Other Technology. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Koninklijke Philips N.V.
- Epic Systems Corporation
- Omron Corporation
- Medtronic PLC
- Stratasys, Ltd.
- Materialise NV
- Stryker Corporation
- ZS Associates
- Siemens Healthineers AG (Siemens AG)
- Intuitive Surgical, Inc.
By End User
- Healthcare IT Institutions
- Consumers
- Hardware
- Software
- Services
- Cloud
- On-Premise
- Telemedicine
- Healthcare E-commerce
- mHealth
- Healthcare IT
- Wearable
- Other Technology
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
143 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe HealthTech Market, by End User
- 1.4.2 Europe HealthTech Market, by Component
- 1.4.3 Europe HealthTech Market, by Deployment
- 1.4.4 Europe HealthTech Market, by Technology
- 1.4.5 Europe HealthTech Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2024
- 4.2 Strategies Deployed in HealthTech Market
- 4.3 Porter Five Forces Analysis
- Chapter 5. Europe HealthTech Market by End User
- 5.1 Europe Healthcare IT Institutions Market by Country
- 5.2 Europe Consumers Market by Country
- Chapter 6. Europe HealthTech Market by Component
- 6.1 Europe Hardware Market by Country
- 6.2 Europe Software Market by Country
- 6.3 Europe Services Market by Country
- Chapter 7. Europe HealthTech Market by Deployment
- 7.1 Europe Cloud Market by Country
- 7.2 Europe On-Premise Market by Country
- Chapter 8. Europe HealthTech Market by Technology
- 8.1 Europe Telemedicine Market by Country
- 8.2 Europe Healthcare E-commerce Market by Country
- 8.3 Europe mHealth Market by Country
- 8.4 Europe Healthcare IT Market by Country
- 8.5 Europe Wearable Market by Country
- 8.6 Europe Other Technology Market by Country
- Chapter 9. Europe HealthTech Market by Country
- 9.1 Germany HealthTech Market
- 9.1.1 Germany HealthTech Market by End User
- 9.1.2 Germany HealthTech Market by Component
- 9.1.3 Germany HealthTech Market by Deployment
- 9.1.4 Germany HealthTech Market by Technology
- 9.2 UK HealthTech Market
- 9.2.1 UK HealthTech Market by End User
- 9.2.2 UK HealthTech Market by Component
- 9.2.3 UK HealthTech Market by Deployment
- 9.2.4 UK HealthTech Market by Technology
- 9.3 France HealthTech Market
- 9.3.1 France HealthTech Market by End User
- 9.3.2 France HealthTech Market by Component
- 9.3.3 France HealthTech Market by Deployment
- 9.3.4 France HealthTech Market by Technology
- 9.4 Russia HealthTech Market
- 9.4.1 Russia HealthTech Market by End User
- 9.4.2 Russia HealthTech Market by Component
- 9.4.3 Russia HealthTech Market by Deployment
- 9.4.4 Russia HealthTech Market by Technology
- 9.5 Spain HealthTech Market
- 9.5.1 Spain HealthTech Market by End User
- 9.5.2 Spain HealthTech Market by Component
- 9.5.3 Spain HealthTech Market by Deployment
- 9.5.4 Spain HealthTech Market by Technology
- 9.6 Italy HealthTech Market
- 9.6.1 Italy HealthTech Market by End User
- 9.6.2 Italy HealthTech Market by Component
- 9.6.3 Italy HealthTech Market by Deployment
- 9.6.4 Italy HealthTech Market by Technology
- 9.7 Rest of Europe HealthTech Market
- 9.7.1 Rest of Europe HealthTech Market by End User
- 9.7.2 Rest of Europe HealthTech Market by Component
- 9.7.3 Rest of Europe HealthTech Market by Deployment
- 9.7.4 Rest of Europe HealthTech Market by Technology
- Chapter 10. Company Profiles
- 10.1 Koninklijke Philips N.V.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Acquisition and Mergers:
- 10.1.6 SWOT Analysis
- 10.2 Epic Systems Corporation
- 10.2.1 Company Overview
- 10.2.2 SWOT Analysis
- 10.3 Omron Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Acquisition and Mergers:
- 10.3.6 SWOT Analysis
- 10.4 Medtronic PLC
- 10.4.1 Company overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 SWOT Analysis
- 10.5 Stratasys, Ltd.
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.5.6 SWOT Analysis
- 10.6 Materialise NV
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.7 Stryker Corporation
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 SWOT Analysis
- 10.8 ZS Associates
- 10.8.1 Company Overview
- 10.9 Siemens Healthineers AG (Siemens AG)
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 SWOT Analysis
- 10.10. Intuitive Surgical, Inc.
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Regional Analysis
- 10.10.4 Research & Development Expense
- 10.10.5 SWOT Analysis
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