May 24, 2024
Europe Telerehabilitation Skilled Nursing Care Center Market

Europe Telerehabilitation Skilled Nursing Care Center Market Estimated to Grow at a CAGR of 8.1% due to rising geriatric population

The Europe telerehabilitation skilled nursing care center market is a multibillion-dollar industry that utilises digital health technologies to provide rehabilitation services to patients remotely. Telerehabilitation enables physiotherapists and occupational therapists to assess patients digitally and deliver therapy via video conferencing tools. It allows therapy to be delivered conveniently from the comfort of patients’ homes. This reduces the need for frequent visits to clinics and hospitals, thereby improving accessibility and affordability of care.

The Global Europe Telerehabilitation Skilled Nursing Care Center Market Demand is estimated to be valued at US$ 17.94 Mn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2030.

Key Takeaways
Key players: Key players operating in the Europe telerehabilitation skilled nursing care center market are Wockhardt, SEDICO, Exir, Julphar, Biocon, Eli Lilly, Sanofi Aventis, and Novo Nordisk AS.

Key opportunities: Rising geriatric population, increasing prevalence of chronic diseases, shortage of rehabilitation professionals are some of the key opportunities in the Europe telerehabilitation skilled nursing care center market.

Global expansion: Major market players are expanding their footprint globally through acquisitions and partnerships to cater to the growing demand for telerehabilitation services.

Market drivers: The key driver for the Europe telerehabilitation skilled nursing care center market is the rising geriatric population. As per estimates, over 20% of the European population will be aged 65 years and above by 2030. This elderly population is more prone to disabilities and chronic diseases requiring rehabilitation services, thus driving demand.

PEST Analysis

Political: The government policies and regulations play an important role in Europe Telerehabilitation Skilled Nursing Care Center Market. The governments aim to increase access to quality and affordable healthcare through regulations and initiatives.

Economic: The economic growth and increasing healthcare spending in European countries is positively impacting the market. As the income levels rise, customers can afford premium healthcare services including telerehabilitation.

Social: With growing elderly population, the need for quality long-term and post-acute care is increasing in Europe. Telerehabilitation offers an alternate solution for rehabilitation and therapy that is convenient for customers.

Technological: Advancements in telecommunication technologies and digital health solutions have enabled effective remote delivery of rehabilitation services. Growth of telehealth and remote patient monitoring is further expected to support adoption of telerehabilitation in skilled nursing facilities. Widespread access to internet and high-speed connectivity networks across Europe also aids market growth.

The geographical regions where the Europe Telerehabilitation Skilled Nursing Care Center Market is concentrated in terms of value are United Kingdom, Germany, France, Italy, and Spain. These countries account for over 70% of the market revenue owing to higher healthcare spends and government focus on digital health.

The fastest growing region for Europe Telerehabilitation Skilled Nursing Care Center Market is expected to be Eastern Europe led by countries like Poland and Czech Republic. The demand is anticipated to rise sharply in these nations led by growing medical tourism, increasing healthcare budgets, and promotion of digital health by local authorities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it