Germany’s Digital Care Act opens up new opportunities for health tech companies
Healthcare expenditure in Germany totalled €387 billion in 2018 – a 3% increase on the previous year and the equivalent of 11.4% of GDP. Healthcare is one of the most important economic sectors in Germany, Europe’s largest market.
A growing demand for medical care in the country – combined with ever-increasing digitalisation and public awareness of health and fitness – is bolstering demand for digital health solutions
Germany recently passed the Digital Care Act, which supports and further accelerates the digitalisation of the country’s healthcare system. The legislation creates numerous opportunities for health tech companies looking to enter the German market. For example, under the new laws, doctors are not only allowed to prescribe accredited digital health apps; their costs are covered by the statutory health insurance system.
“Digital health solutions are increasingly finding their way into primary care and various consumer healthcare segments,” says digital healthcare expert Julia Pietsch from Germany Trade & Invest (GTAI). “The German digital health market offers numerous ways for researchers and businesses alike to enter emerging fields and establish new business models. Our organisation supports international companies that want to capitalise on this potential.”
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