Europe Telerehabilitation Skilled Nursing Care Center Market is...

Europe Telerehabilitation Skilled Nursing Care Center Market is driven by Growing Geriatric Population

Posted 2024-03-12 07:10:18

The Europe telerehabilitation skilled nursing care center market features a growing demand for remote therapeutic and monitoring services among the elderly population. Telerehabilitation solutions help deliver affordable physiotherapy, occupational therapy, speech therapy and other rehabilitative treatments to patients receiving long-term or post-acute care. They provide live audio-video sessions and remote patient monitoring through devices such as smartphones, tablets and personal computers. This allows residents to receive customized care plans according to their specific needs and recover more quickly from illness or injury.

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.

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. The growing geriatric demographic and rising prevalence of chronic diseases across European countries have increased demand for long-term and post-acute care facilities. Telerehabilitation solutions help overcome staffing shortages at nursing centers and improve access to quality rehabilitation services for elderly patients, especially those in remote or rural areas. The market is witnessing increasing adoption across UK, Germany, France, Italy, Spain and other European nations due to rising focus on integrated care models and cost-effectiveness.

Market drivers

The key driver for the Europe telerehabilitation skilled nursing care center market is the rapidly growing aging population. According to estimates, over 30% of European population will be aged 65 years and older by 2050. This has significantly increased the incidence of age-related health conditions that require long-term management and rehabilitation. Telerehabilitation enables chronic disease patients and seniors with reduced mobility to receive coordinated therapeutic care right at the nursing facilities, thereby avoiding unnecessary visits to hospitals or clinics. It streamlines treatment planning and delivery, while allowing clinicians to monitor multiple patients remotely and cost-effectively.

Impact of geopolitical situation on the Europe Telerehabilitation Skilled Nursing Care Market growth:

The Europe telerehabilitation skilled nursing care center market is witnessing challenges due to geopolitical tensions in the region. The ongoing Russia-Ukraine conflict is disrupting the healthcare supply chain and delaying rehabilitation treatments for many patients. This has negatively impacted the market growth in Eastern European nations. Moreover, the recent pandemic outbreaks have further strained healthcare resources across Europe. Telehealth and telerehabilitation solutions can help overcome some of these challenges by allowing patients to receive remote rehabilitation services from the safety of their own homes. However, for telerehabilitation to be effective on a larger scale, issues around data privacy and cross-border collaboration between countries will need attention from policymakers. Standardization of treatment protocols and virtual platforms can promote seamless service delivery across national borders. Overall, addressing geopolitical tensions and facilitating international cooperation are crucial for sustaining the long term growth prospects of this market over the coming decade.

Regions with high concentration in Europe Telerehabilitation Skilled Nursing Care Market:

The Europe telerehabilitation skilled nursing care center market is currently concentrated highly in Western European countries owing to their well-established healthcare infrastructure and reimbursement systems. Germany accounts for the largest share, with Italy and France among the other top revenue generators. These nations have universal healthcare coverage and a growing geriatric population requiring long-term care. Furthermore, the presence of major medical device companies has boosted telerehabilitation adoption. However, nations in Central and Eastern Europe are exhibiting fast growth as they work to strengthen their digital healthcare offerings and skilled nursing facilities.

Fastest growing region in Europe Telerehabilitation Skilled Nursing Care Market:

The fastest growing region in the Europe telerehabilitation skilled nursing care center market is projected to be Central and Eastern European nations over the forecast period from 2024 to 2030. Countries like Poland, Czech Republic, and Hungary are industrializing rapidly and witnessing increased healthcare investments and expanding insurance coverage. This is propelling the demand for quality long-term and post-acute care solutions within affordable prices. In addition, a relatively younger population structure with fewer elders currently requires such services. As reimbursement scenarios improve and connectivity enhances, the untapped growth potential of telehealth in these nations can be effectively tapped, driving the fastest revenue gains through 2030.