Telerehabilitation used in skilled nursing care centers allows delivering rehabilitation services to patients remotely through telehealth solutions. This helps in improving physical, occupational, and speech therapies for patients with limited mobility. Telerehabilitation programs support patients recovering from injuries, surgeries, or chronic conditions through virtual visits and remote patient monitoring. The therapy regimens are designed by medical professionals and can be completed at the patients’ homes with coaching and supervision provided through video conferencing tools.
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 adoption of telehealth solutions provides easy access to rehabilitation services for homebound patients and reduces hospital readmissions, representing a key opportunity. Technological advancements like virtual reality and wearable sensors are helping to improve patient engagement and make telerehabilitation services more effective.
Market drivers
The increasing geriatric population and rising incidence of chronic diseases drive the demand for telerehabilitation in Europe. Elderly patients require long-term care and therapies that can be efficiently delivered through virtual modes. Favorable regulations supporting telehealth and availability of public and private funding for virtual rehabilitation programs are also boosting the Europe market.
Current Challenges In Europe Telerehabilitation Skilled Nursing Care Center Market:
The Europe telerehabilitation skilled nursing care center market is still evolving and faces few challenges. There is a lack of awareness among the elderly population regarding benefits of telerehabilitation services. Many are not comfortable with using digital devices and virtual care options. Conventional physical therapy is still preferred by some. Reimbursement policies for telerehabilitation vary across countries in Europe. Unclear regulations and lack of coverage in insurance plans currently limit widespread adoption. Technical issues related to unreliable internet connectivity and device compatibility can hamper service delivery and user experience. Maintaining patient data privacy and security is also a major concern in virtual care models.
SWOT Analysis
Strength: Remote patient monitoring allows cost-effective long-term care and management of chronic conditions. It reduces facility visits and hospital readmissions.
Weakness: Requirement of upfront investment in technology infrastructure and training of healthcare staff. Dependence on digital literacy and adoption rate among patients.
Opportunity: Growing geriatric population with mobility issues and rising demand for home-based rehabilitation. Increased coverage and favorable regulations by healthcare providers.
Threats: Entry of low-cost competitors offering similar virtual care services. Strict privacy and cybersecurity laws can increase compliance costs.
Geographical Regions By Value
Western Europe currently accounts for the largest share in the Europe telerehabilitation skilled nursing care center market in terms of value. Countries like Germany, UK, France and Italy have well-developed healthcare infrastructure and higher acceptance for virtual rehabilitation models compared to Eastern Europe.
Fastest Growing Region
Eastern Europe is expected to be the fastest growing regional market during the forecast period from 2024 to 2030. This can be attributed to rising healthcare expenditures, increasing per capita income, rapid digitization, and government initiatives to expand coverage in countries like Poland, Russia, Hungary and Czech Republic.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it