by The global Europe Telerehabilitation Skilled Nursing Care Centers Market is estimated to be valued at US$ 12.59 Mn In 2022 and is expected to exhibit a CAGR Of 11.2% over the forecast period, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Telerehabilitation services involve delivering rehabilitation therapies and services using telecommunication technologies such as video conferencing and online virtual platforms. These technologies allow physical and occupational therapists to assess patients and deliver therapies remotely. Telerehabilitation services help provide greater access to rehabilitation care and allow patients to receive therapies in the comfort of their own homes. This is especially beneficial for elderly patients and those living in rural areas with limited access to rehabilitation facilities. Telerehabilitation minimizes travel costs and time for patients and makes rehabilitation therapies more convenient.
Market key trends:
One of the major trends in the Europe telerehabilitation skilled nursing care centers market is the rising adoption of virtual reality and augmented reality technologies. The use of VR and AR tools allows physical and occupational therapists to assess patients’ mobility, range of motion, strength, and endurance in an immersive virtual environment. This helps develop customized rehabilitation programs. Technologies such as HoloLens and Oculus Rift are being used to provide virtual exposure therapy for patients with conditions such as post-traumatic stress disorder and phobias. They are also effective in treating stroke patients for improving balance and gait. Another key trend is increasing collaborations between telerehabilitation service providers and healthcare IT companies to develop more advanced virtual platforms for remote delivery of therapies. This is expected to further drive the demand for telerehabilitation services in Europe over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate. Establishing telerehabilitation solutions requires high initial investments and compliance with industry regulations which act as entry barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is high. Buyers have the choice of selecting from available telerehabilitation solutions and service providers which provides them with negotiating power.
Bargaining power of suppliers: The bargaining power of suppliers is low. There exist numerous suppliers providing telerehabilitation hardware, software and services.
Threat of new substitutes: The threat of new substitutes is low. Telerehabilitation helps provide remote care and monitoring which has few close substitutes.
Competitive rivalry: Competition is intense as major players compete based on product offerings, technology, quality and price.
Key Takeaways
The Europe Telerehabilitation Skilled Nursing Care Center Market is expected to witness high growth, exhibiting a CAGR of 11.2% over the forecast period, due to increasing elderly population and rising chronic diseases.
Regional analysis: Germany dominates the Europe market and is expected to grow at a CAGR of over 12% during the forecast period owing to superior healthcare infrastructure and growing acceptance of telerehabilitation solutions. Other major regions include UK, Italy and France.
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. Key players are focusing on new product launches and enhancement of existing telerehabilitation solutions to strengthen their market position.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
