Europe Telerehabilitation Skilled Nursing Care Center Market Is Estimated To Witness High Growth Owing To Growing Geriatric Population & Rising Incidences Of Chronic Diseases
The Europe Telerehabilitation Skilled Nursing Care Center Market is estimated to be valued at Us$ 13.89 Mn in 2022 and is expected to exhibit a CAGR Of 11.2% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Telerehabilitation skilled nursing care centers provide specialized care and treatment for patients in remote locations using digital technologies like telehealth and telemedicine. This enables delivery of physiotherapy, occupational therapy, speech therapy and other rehabilitation services to patients residing in locations where access to specialized healthcare services is limited. Telerehabilitation allows skilled nursing care centers to expand their reach and provide cost-effective treatment to more number of patients.
Market Dynamics:
The Europe telerehabilitation skilled nursing care center market is primarily driven by growing geriatric population prone to chronic diseases and mobility issues in countries like Germany, UK, Italy etc. According to WHO, around 20% of Europeans will be aged 65 and above by 2030. Rising prevalence of chronic conditions such as cardiovascular diseases, diabetes and orthopedic disorders driving the need for rehabilitation therapies is another factor propelling the market growth. Furthermore, advantages of telerehabilitation over traditional therapy models like reduced travel requirements and waiting periods for patients along with convenience and cost-savings for skilled nursing care centers are augmenting demand in the region.
SWOT Analysis
Strength: With rise in aging population and chronic diseases, telerehabilitation demand is increasing in Europe. Telehealth improves patient access and engagement in care. Technology allows personalized care plans based on individual needs.
Weakness: High set up and training costs affect small centers. Data privacy and security concerns can reduce patient and provider acceptance. Reimbursement policies vary across countries hindering market growth.
Opportunity: Growth in virtual care and remote patient monitoring post covid. Collaborations to develop innovative rehabilitation solutions for varied conditions expands market outreach.
Threats: Lack of internet connectivity in rural areas challenges service reach. Budget constraints during economic slowdowns can delay center upgrades. Slow legislative approvals delay technology integration and market growth.
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 demand for virtual care and remote patient monitoring. The market size for 2021 was US$ 12.59 Mn.
Regional analysis: Germany dominates Europe market due to supportive regulatory policies and healthcare infrastructure. UK holds second largest share due to growing geriatric population and focus on independent living. France, Italy exhibit high potential owing to increasing chronic diseases.
Key players: 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.
Read More : https://marketinsightsminds.blogspot.com/2023/11/europe-telerehabilitation-skilled.html
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