Europe Telerehabilitation Skilled Nursing Care Center Market Growth Set to Surge Due to Increasing Telehealth Adoption
The Europe telerehabilitation skilled nursing care center market entails rehabilitation solutions and services that are provided remotely to patients through telehealth technologies such as video conferencing and mobile applications. Telerehabilitation allows aged and chronically ill patients to receive physiotherapy, occupational therapy, and speech therapy treatments at home or in assisted living facilities through virtual sessions with medical professionals. This reduces the need for in-person visits to hospitals or clinics for such patients. Rising demand for convenient rehabilitation options from the growing geriatric population is a key driver for this market.
Europe Telerehabilitation Skilled Nursing Care Center Market Is Estimated To Be Valued At US$ 19.26 Mn In 2024 And Is Expected To Exhibit A CAGR Of 11.2% Over The Forecast Period 2024 To 2031
Key Takeaways
Key players operating in the Europe telerehabilitation skilled nursing care center are Wockhardt, SEDICO, Exir, Julphar, Biocon, Eli Lilly, Sanofi Aventis, and Novo Nordisk AS, among others.
Key opportunities in the market include increasing adoption of telehealth and remote patient monitoring solutions by skilled nursing facilities and hospitals. The elderly population prefers receiving home-based rehabilitation services to avoid visits to clinics.
Technological advancements such as the increasing use of virtual reality, wearable sensors, and mobile health apps are also fueling the adoption of telerehabilitation services in Europe. Advances in telecommunications are making high-quality audio-video enabled virtual sessions common.
Market drivers
The major Europe Telerehabilitation Skilled Nursing Care Center Market demand is the geriatric population that requires long-term management of chronic conditions. As per the Eurostat report, over 20% of the European population is estimated to be aged 65 years and above by 2030. This is increasing the burden on healthcare systems and generating demand for convenient out-of-hospital care options like telerehabilitation services that can be accessed remotely. The cost-effectiveness of telerehabilitation compared to in-person treatments is another key growth driver for this market.
Current challenges in Europe Telerehabilitation Skilled Nursing Care Center Market
The Europe telerehabilitation skilled nursing care center market is facing some challenges currently. There is a lack of awareness among patients and doctors about the benefits of telerehabilitation. Many medical practitioners still prefer traditional face-to-face treatment methods over remote rehabilitation services. Reimbursement policies for telerehabilitation services vary greatly across different countries in Europe. Unfavorable reimbursement policies discourage patients from opting for telerehabilitation. There is also a shortage of trained rehabilitation therapists who can efficiently deliver telerehabilitation programs. Establishing a strong digital infrastructure for delivering high-quality Europe Telerehabilitation Skilled Nursing Care Center Market Challenges And Opportunities is another hurdle that needs to be addressed. Privacy and security concerns related to sharing of patient health data online also challenge the growth of this market.
SWOT Analysis
Strength: Telerehabilitation allows access to therapy in remote areas. It reduces need for travel and time spent away from home. The mobile-based delivery model of telerehabilitation services offers flexibility and convenience to patients.
Weakness: Lack of physical interaction between patient and therapist. Technical problems and poor connectivity issues can disrupt therapy sessions. High upfront costs involved in setting up telerehabilitation infrastructure and programs.
Opportunity: Growing geriatric population and subsequent rise in chronic diseases drive the need for remote rehabilitation. Favorable government policies to promote digital healthcare presents an opportunity.
Threats: Data privacy laws pose challenges. Traditional providers view telerehabilitation as threat to their business. Reimbursement concerns threaten the sustainability of telerehabilitation business models.
Geographical regions: Majority of the Europe telerehabilitation skilled nursing care center market in terms of value is concentrated in Western Europe. Countries like Germany, U.K, France holds the largest share. countries have well-developed healthcare infrastructure, and high number of hospitals and nursing care centers equipped with digital rehabilitation technology.
The Eastern Europe region is fastest growing market for Europe telerehabilitation skilled nursing care center. Countries like Poland, Russia are witnessing increased adoption of telerehabilitation services driven by rising healthcare expenditure, improving connectivity, and focus on modernizing healthcare systems. Growing medical tourism industry in these countries also contributes to demand.
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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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