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Germany telemedicine market is expected to grow at a CAGR of XX% during the period (2022 – 2030), reaching a market size of $XX million. Covid19 made Germany realize the need for an alternative to Face to Face medicine. Particularly for countries like Germany which has a population of ~84 million whose median age is 46 years; it is the need of the hour to shift to telemedicine or telehealth.
Further, the fertility rate of Germany is only 1.6, which suggest that its population will shrink in decades to come. Thus, Germany will have an old population to take care of and the need for hospice care will keep on increasing in the region. This will further put stress on the existing healthcare infrastructure.
We are capable of providing any level of details on Germany telemedicine industry, including products, services, software, medical devices etc. If you have any specific requirement, reach out to us for a customized report.
Currently, Germany has 4.5 doctors per 1000 people which is one of the highest in the world. With 76% of Germans live in Urban areas, it becomes vital for Germany to spend heavily on telemedicine in years to come. The GDP/ Capita of Germany is $58150 and nearly 11% of the GDP is spent on healthcare. Even after spending 11% of its GDP/capita on healthcare, the country can’t promise robust healthcare facilities to its citizens in the hour of need. The growth of Germany Telemedicine market will not only ensure better healthcare facilities to its citizens but also bring down the cost of healthcare.
Germany Telemedicine market is further divided into States. 5 of its states namely North Rhine-Westphalia, Bayern, Baden-Württemberg, Lower Saxony & Hesse accounts for nearly 70% of Germany telemedicine market.
Germany Telemedicine Market by States
North Rhine-Westphalia telemedicine market is the largest telemedicine market in Germany. Already a network of virtual hospitals has been operational in NRW which will pave the way for growth of Germany telemedicine market.
Germany has become attractive market for many telemedicine companies offering telemedicine equipment, devices and software offerings. For example, AMD Global is one of the leading telemedicine cart providers in the country.
Germany Telemedicine Market Segments
Telemedicine market in Germany comprises of telemedicine equipment, telemedicine medical devices and telemedicine software offerings. Datavagyanik has covered each telemedicine component in detail in terms of market size, sales volume, growth forecast. The segment and sub segment level categorization covered in the report are:
Go-to-market (GTM) strategy in Germany Telemedicine Market
Telemedicine market is becoming increasingly competitive and it is important for market players to strategize their sales and marketing decisions. Our telemedicine GTM strategy coverage helps market players understand the sales channels and way to increase revenues.
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Key questions answered in the Germany Telemedicine Market Analysis Report:
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