by The Europe Telerehabilitation Skilled Nursing Care Center Market is estimated to be valued at US$ 14.01 Mn in 2022 and is expected to exhibit a CAGR of 11.2% over the forecast period 2021 to 2028, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Telerehabilitation uses telecommunication and virtual reality technologies to deliver rehabilitation services remotely. It allows patients to receive physical, occupational, and speech therapy in their homes or other non-clinical settings. This is advantageous for patients who have mobility issues or live in remote areas with limited access to rehabilitation facilities. It also reduces travel costs and time for patients. Key players in the Europe market offer telerehabilitation solutions targeting conditions like stroke, traumatic brain injury, Parkinson’s disease etc.
Market Dynamics:
Growing adoption of telehealth services across Europe is expected to boost the telerehabilitation market growth. Supportive government initiatives and reimbursement policies are encouraging wider acceptance of telemedicine. For instance, during the COVID-19 pandemic, the National Health Service (NHS) in the UK rapidly scaled up virtual consultations using online platforms or phone calls. This highlighted benefits of remote care delivery models. Additionally, the proportion of elderly people is rising rapidly across Europe. As per the European Commission, over 20% of EU population will be aged 65 or above by 2030. Older adults are more prone to disabilities requiring long-term rehabilitation. This rising geriatric population fuels demand for home-based and remote rehabilitation therapies.
Rising prevalence of chronic conditions like cerebral palsy, multiple sclerosis etc. also necessitates ongoing rehabilitation and therapy. Telerehabilitation enables continuity of care and management of such conditions from home.
Segment Analysis
The Europe telerehabilitation skilled nursing care center market is segmented into therapy services and rehabilitation services. Among these, the therapy services segment dominated the market in 2021 accounting for around 60% share. This is because telerehabilitation therapy services aid patients in overcoming injuries and disabilities through virtual sessions and help monitor their progress remotely on a daily or weekly basis.
PEST Analysis
Political: The governments across Europe are focusing on introducing favorable regulations to support the growth of telehealth and virtual care services. This is promoting the adoption of telerehabilitation services in skilled nursing care centers.
Economic: The rising healthcare costs are encouraging patients and healthcare providers to opt for cost-effective telerehabilitation services. This is having a positive impact on the market growth.
Social: With growing internet penetration and awareness about virtual rehabilitation services, patients are showing more inclination towards telerehabilitation as it allows remote therapy sessions from homes.
Technological: Advancements in digital technologies like VR/AR, sensors, and IoT are enabling high-quality virtual rehabilitation sessions. This is significantly boosting the market.
Key Takeaways
The Europe Telerehabilitation Skilled Nursing Care Center Market size was valued at US$ 12.59 Mn in 2021 and is expected to reach US$ 27.58 Mn by 2028, expanding at a CAGR of 11.2% during the forecast period. The increasing geriatric population suffering from disabilities and chronic conditions is driving the demand for telerehabilitation services across Europe.
Regional analysis: Among countries, Germany dominates the Europe market and is expected to continue its dominance over the forecast period. This can be attributed to advanced healthcare infrastructure, growing internet penetration, and increasing focus on virtual care services in the country.
Key players: Key players operating in the Europe Telerehabilitation Skilled Nursing Care Center market are DyCare, Costaisa, Meditouch, Signo Motus srl, MEYTEC GmbH Informationssysteme, and Raccoon Technologies Poland LLC. These players are focusing on new product launches, collaborations, and geographical expansions to gain more market share.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
