The global Europe Telerehabilitation Skilled Nursing Care Center Market is estimated to be valued at US$ 14.11 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.
Telerehabilitation involves delivering rehabilitation services via technology and involves the use of information and telecommunication technologies for the delivery of rehabilitation consultations, supervision, assessments, and treatment, when the clients and practitioners are not in the same physical location. Telerehabilitation helps provide better access to rehabilitation services for patients in remote and rural areas.
Market key trends:
One of the major market trend is the rising geriatric population. According to a report by United Nations population fund, nearly 25% of the European population will be aged 65 or older by 2050. The rising geriatric population increases the risk of conditions such as hypertension, diabetes, arthritis which require long-term rehabilitation services driving the growth of the telerehabilitation market in Europe. Furthermore, the ongoing COVID-19 pandemic has accelerated the adoption of telehealth and remote monitoring technologies in rehabilitation services across Europe. This is expected to further propel the Europe telerehabilitation skilled nursing care center market growth over the forecast period.
The Europe telerehabilitation skilled nursing care center market is segmented into stroke, spinal cord injury, traumatic brain injury, Parkinson’s disease, and others. The stroke segment dominated the market in 2020 and is projected to maintain its dominance during the forecast period. This is majorly due to the increasing prevalence of stroke and growing adoption of telerehabilitation solutions for stroke rehabilitation. As per estimates, around 1.4 million people suffer a stroke each year in Europe. Telerehabilitation solutions help deliver effective rehabilitation therapies to stroke patients remotely and improve their mobility and independence.
The global Europe Telerehabilitation Skilled Nursing Care Center Market is expected to witness high growth, exhibiting CAGR of 11.2% over the forecast period, due to increasing geriatric population and growing need for cost-effective rehabilitation therapies.
Germany dominates the Europe telerehabilitation skilled nursing care center market owing rapid adoption of advanced healthcare technologies for remote patient monitoring and rehabilitation. It is followed by UK and France. Growing aged population and increasing healthcare expenditure in these countries is driving the market.
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. The market is fairly concentrated with few players dominating the market. Key players are focusing on new product launches and strategic collaborations to gain higher market share.