Europe Healthcare Market Report 2017 

Europe Healthcare Market Report 2017 

  • February 2017 •
  • 164 pages •
  • Report ID: 4773227 •
  • Format: PDF
Ageing population poses a threat to the economy as it impacts the economy and increases government spending on healthcare and pensions. The estimates show that the population aged 65 and above in the European region is set to rise to 224 million in 2050. Italy has the highest percentage of elderly (above 65 years) population in Europe at 22%.

Europe healthcare market is expected to grow from around $2080 billion in 2016 to around $2125 billion in 2020. This region has not witnessed a significant increase in the market size due to decrease in government expenditures due to weak economic conditions in many countries.

According to the IMF, Europe’s total GDP was $19.9 trillion in 2016 accounting for 26.7% of global GDP . Europe is one of the major global economic blocks. Many of the leading European countries form part of the European Union, a free trade and movement block with a single currency. The estimates show that the population aged 65 and above in the European region is set to rise to 224 million in 2050. Italy has the highest percentage of elderly (above 65 years) population in Europe at 22%. Ageing population poses a threat to the economy as it impacts the economy and increases government spending on healthcare and pensions.

Healthcare refers to diagnosis, treatment, and prevention of disease or illness, and other physical and mental impairments in humans and animals. The healthcare market provides products and services to treat patients with curative, preventive, rehabilitative or palliative care.

Latest trend observed in the healthcare market was digitalization of medical records. Digitalization of information related to patients including their medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results is being made possible with Electronic Health Records (EHRs). EHRs increase patient participation, and improve diagnostic and treatment outcomes.
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