Telerehabilitation involves the use of telecommunications and virtual technologies to deliver rehabilitation services over telecommunications networks to remotely located clients, enabling effective healthcare delivery at lower costs. Telerehabilitation helps in monitoring, assessing, and treating patients in a cost-effective manner. It is useful for stroke, Parkinson's disease, Alzheimer's, and neurological and orthopedic rehabilitation. The growing geriatric population and prevalence of chronic diseases are fueling the demand for telerehabilitation in Europe.
The 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.
The increasing adoption of telehealth solutions due to their advantages such as cost-effectiveness, flexible timings, and remote accessibility is a major factor driving the growth of this regional market.
Key Takeaways
Key players operating in the European telerehabilitation skilled nursing care center are Wockhardt, SEDICO, Exir, Julphar, Biocon, Eli Lilly, Sanofi Aventis, and Novo Nordisk AS. Wockhardt is a leading pharmaceutical and biotechnology company offering a wide range of chronic disease management products.
The growing geriatric population suffering from chronic illnesses like diabetes, cardiovascular diseases, and neurological disorders is fueling the demand for telerehabilitation services in Europe. According to Eurostat, over 20% of the European population will be aged 65 and above by 2030.
Technological advancements in the field of IoT, AI, VR, and cloud computing are enabling the development of innovative digital healthcare solutions. Technologies like IoT sensors, AI algorithms, and VR/AR are being integrated into telehealth platforms to enhance remote patient monitoring and improve the quality of virtual rehabilitation therapy sessions.
Market Trends
Cloud-Based Delivery Models:Healthcare providers are shifting from on-premise to cloud-based telehealth delivery models to make services more accessible and cost-effective. The cloud reduces infrastructure and maintenance costs.
Integration of 5G: Roll-out of 5G networks will enhance telehealth solutions with near real-time connectivity, higher data speeds, and better reliability for transmitting hi-fidelity medical data. 5G will accelerate telerehabilitation deployment across Europe.
Market Opportunities
Chronic Care Management:Telerehabilitation provides an effective approach for managing patients with chronic conditions like stroke, CVDs, musculoskeletal disorders in their homes or care facilities. This presents major opportunities.
Home Healthcare: Growing preference for aging-in-place and home-based care is generating demand for telerehabilitation services that enable remote therapy and monitoring at home, preventing unnecessary hospitalizations.
Impact of COVID-19 on Europe Telerehabilitation Skilled Nursing Care Center Market Growth
The COVID-19 pandemic has significantly impacted the growth of Europe Telerehabilitation Skilled Nursing Care Center market. Due to lockdowns and restrictions imposed across various countries to curb virus spread, skilled nursing centers faced closure of facilities during early 2020. This adversely affected occupancy rates and revenue sources for skilled nursing operators. However, telerehabilitation emerged as an effective solution to continue therapy sessions remotely for patients in isolation or quarantine. Government organizations promoted telehealth options and provided funding to digitally enable skilled nursing facilities. The demand for virtual care surged as patients preferred remote monitoring over physical visits to hospitals and clinics to avoid virus exposure. In the post-COVID scenario, telerehabilitation models are expected to stay and many skilled nursing centers will continue to offer hybrid virtual and in-person therapy programs. Investments in telemedicine infrastructure and training medical staff on digital solutions will be crucial for market players.
Europe Telerehabilitation Skilled Nursing Care Center Market: Geographic Distribution
In terms of value, Western Europe dominates the Europe Telerehabilitation Skilled Nursing Care Center market and accounted for over 50% share in 2024 owing to rising geriatric population, higher healthcare spending, and government support for digitization of care services. Countries like Germany, UK, and France have established telehealth regulatory policies and reimbursement models helping the market growth. On the other hand, Eastern Europe is emerging as the fastest growing region for the telerehabilitation skilled nursing care services market driven by increasing investments to develop eHealth infrastructure and address shortfall of rehabilitation specialists in rural areas through virtual care delivery models.
Europe Telerehabilitation Skilled Nursing Care Center Market: Fastest Growing Region
Southern Europe represented the fastest growing region for Europe Telerehabilitation Skilled Nursing Care Center services market during the forecast period with annual growth estimated at around 10%. This growth can be attributed to initiatives by Italy and Spain to offer innovative digital solutions for managing chronic conditions common among elderly population. Also, these countries are developing cross-border collaborations for standardizing telehealth service delivery, data exchange, and credentialing of virtual care practitioners across the European Union supporting market expansion. The region witnessed rising entrepreneurship and start-up funding activities post COVID-19 for telemedicine platforms and remote patient monitoring apps catering to skilled nursing facilities.
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