The Europe Edge Computing in Healthcare Market would witness market growth of 26.4% CAGR during the forecast period (2023-2030).
Accelerated computing is a feature of regulatory-approved gadgets built into contemporary medical instruments at the edge. Some of these aspects are improvements in medical image acquisition & reconstruction, surgical therapy guiding, measurements of organs & tumors, workflow optimizations for treatment planning & diagnosis, and real-time visualizations & monitoring. Additionally, smart hospitals are incorporating AI workflows and edge computing into technology like conversational AI, CT scanners, conversational patient monitoring, and much more. These innovations can assist in identifying patients who are at risk of leaving their hospital beds and alerting the nursing staff.
With AI-assisted surgery, edge computing, and AI have also revolutionized the operating theatre. For instance, during surgeries, nurses are expected to record every action from when a patient enters the operating room (OT) until the room is cleaned. This method may require pushing dozens of touchscreen buttons during an operation. In contrast, AI systems may automatically monitor and classify each action within the operating room (OT) utilizing cameras and edge computing devices in the event of AI-assisted surgeries. Then, data gathered from numerous identical surgeries may be collated and assessed, enabling more effective operations and better patient care.
The rising use of IoT technology by healthcare providers to provide remote monitoring solutions is anticipated to accelerate the widespread use of IoT in healthcare across Europe. One of the main nations supplying orthopaedic, dental, and diagnostic equipment to the UK is the United States. Digital solutions, including monitoring equipment, tools for improving clinical workflow, and tools for health analytics, are becoming increasingly necessary. In the region, these items are essential for enhancing therapeutic outcomes and patient satisfaction.
The incidence of chronic diseases such as COPD, respiratory problems, and chronic disorders is expected to increase, fuelling market expansion in Germany and the UK. Additionally, as people's awareness of the importance of physical fitness and health grows, so does the demand for self-health management solutions. The demand for different wearable medical devices has expanded throughout the region due to the improved accessibility of health information. Due to the use of cutting-edge software & technology to simplify important medical tasks for patients, the regional market is expected to grow throughout the projected period.
The Germany market dominated the Europe Edge Computing in Healthcare Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,675 million by 2030. The UK market is poised to grow at a CAGR of 25.3% during (2023 - 2030). Additionally, The France market would display a CAGR of 27.3% during (2023 - 2030).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Telehealth & Remote Patient Monitoring, Diagnostics, Robotic Surgery, Ambulances, and Others. Based on End User, the market is segmented into Hospitals & Clinics, Long-term Care Centers & Home Care Settings, Ambulatory Care Centers, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Edge Computing in Healthcare Market is Projected to reach USD 25.5 Billion by 2030, at a CAGR of 26.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc, Nokia Corporation, Dell Technologies, Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet Inc.), Microsoft Corporation, Intel Corporation, General Electric Company, Hewlett Packard Enterprise Company, and NVIDIA Corporation.
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