The Europe telerehabilitation skilled nursing care center market consist of medical rehabilitation services delivered remotely through telecommunication technology. Telerehabilitation provides physical, occupational and speech therapy to patients with mobility issues at their doorsteps. This reduces travel costs and wait times associated with outpatient rehabilitation. The remote monitoring and video conferencing features helps therapists evaluate patients in real-time and customize treatment plans accordingly. The rising geriatric population prone to chronic illnesses and disabilities has increased the demand for accessible and affordable post-acute care services.
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 – 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. Wockhardt is a leading player providing telemedicineenabled rehabilitation therapy digitally connecting patients to therapists in real time.
With the rapid aging of population in Europe Telerehabilitation Skilled Nursing Care Center Market demand for long-term is expanding steadily. Telerehabilitation solves the problem of lack of accessibility by bringing rehabilitation services at doorstep using digital technology.
Major players are expanding their telehealth and telerehabilitation offerings across Europe to tap into the fast-growing market. Partnerships with local players help global companies establish presence while understanding regional needs.
Market key trends
Adoption of virtual reality and artificial intelligence driven solutions is a key trend in the Europe Telerehabilitation Skilled Nursing Care Center Market Challenges And Opportunities. Technologies like VR and AI powered robotic assistants are helping therapists provide more effective and personalized rehabilitation sessions remotely. This is improving patient outcomes while reducing burden on caregivers.
Porter’s Analysis
Threat of new entrants: High capital requirements and strong competition from well-established players pose moderate threat of new entrants.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives and choice of regional and local players.
Bargaining power of suppliers: Suppliers have low bargaining power as there are many raw material suppliers and commoditization of raw materials.
Threat of new substitutes: Low threat of substitution as there are limited substitutes available that can provide similar services.
Competitive rivalry: Strong competitive rivalry exists among current players due to intense competition.
Geographical Regions
North America is currently the largest market for Europe telerehabilitation skilled nursing care center. Several factors such as growing geriatric population, increasing incidence of chronic diseases, rising healthcare expenditure, presence of sophisticated healthcare infrastructure, and favorable reimbursement policies drive the Europe telerehabilitation skilled nursing care center market in North America.
Asia Pacific is projected to register the fastest growth during the forecast period. Factors such as increasing healthcare expenditure, growing disposable income, improving healthcare infrastructure, rapid technological advancements, and rising medical tourism industry in Asia Pacific countries are expected to boost the Europe telerehabilitation skilled nursing care center market in this region.
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Alice Mutum
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. LinkedIn