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EUROPE TELEREHABILITATION SYSTEMS MARKET ANALYSIS

Europe Telerehabilitation Systems Market, By Component (Hardware, Software), By Application (Cardio-pulmonary-pulmonary, Neurology, Orthopedic, Others), By End User (Hospitals, Home Care Settings, Rehabilitation Centres)

  • Published In : Sep 2023
  • Code : CMI4223
  • Pages :180
  • Formats :
      Excel and PDF
  • Industry : Healthcare IT

Europe Telerehabilitation Systems MarketSize and Trends

Europe telerehabilitation systems market is estimated to be valued at US$ 422.2 million in 2023, and is expected to exhibit a CAGR of 7.1 % during the forecast period (2023-2030).

Increasing launch of rehabilitation and telehealth platforms is expected to drive the market growth of over the forecast period. For instance, in November 2022, Penumbra, Inc.,- a Europe healthcare company that focuses on innovative therapies, announced the first full body, non-tethered and immersive healthcare offering for rehabilitation. Its latest REAL y-Series product uses upper and lower body sensors that allow clinicians to track full body movement and progress in real time. The expansion of the virtual reality-based immersive healthcare platform named REAL System can be used to support a broad range of physical, cognitive, and mental well-being for patients undergoing physical or occupational therapy.

Europe Telerehabilitation Systems Market Segmentation:

Europe telerehabilitation systems market report is segmented into component, application, end user, and country.

  • By component, the market is segmented into hardware and software. Out of which, the hardware segment is expected to hold a dominant position in the Europe telerehabilitation systems market during the forecast period due to varied applications of hardwares in telerehabilitation system equipments. .
  • By application, the market is segmented into cardio-pulmonary, neurology, orthopedic, and others. Out of which, the cardio-pulmonary segment is expected to hold a dominant position in the Europe telerehabilitation systems market during the forecast period and due to increasing prevalence of cardio-pulmonary diseases and disorders
  • By end user, the market is segmented into hospitals, home care settings, and rehabilitation centers . Out of which, the hospitals segment is expected to dominate the market over the forecast period due to availability of telerehabilitation equipments in hospitals.
  • By country, the market is segmented into Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Sweden, Belgium, Netherlands, and Rest of Europe. Out of which, the U.K. is expected to dominate the market over the forecast period due to increasing launch of telerehabilitation equipments in the country.

Among all the segmentations, the application segment has the highest potential due to increasing R&D activities for Telerehabilitation systems across Europe over the forecast period. For instance, in 2021, a study was published by Elsevier,- a Denmark-based publisher of scientific and medical reports. The report mentioned an experiment, according to which, in the late 1950's-early 1960's, 7047 men aged between 40–59 years were enrolled in the 10 European cohorts of the Seven Countries Study (in Finland, the Netherlands, Italy, Serbia, and Greece). After baseline examination, follow-up for mortality was extended during 50 years. It was concluded in May 2021, that Chronic Bronchitis (CB) is associated with major cardiovascular disease and mortality while forced expiratory volume (FEV) and FEV/Vital Capacity (VC) seem to carry at least partly independent role from CB in predicting long-term mortality.

Europe Telerehabilitation Systems Market- Cross Sectional Analysis:

Among application, the cardio-pulmonary segment is expected to hold a dominant position in the UK telerehabilitation systems market during the forecast period due to increasing prevalence of cardio-pulmonary diseases and disorders. According to an article published on May 10, 2023, by European Journal of Public Health,- a multidisciplinary journal in the field of public health, publishing contributions from social medicine, epidemiology, health services research, management, ethics and law, health economics, social sciences and environmental health, in Europe, more than 15 million people are living with Heart Failure (HF) in 2023.

Europe Telerehabilitation Systems Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others  faced problems regarding  transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the Europe telerehabilitation systems market due to increased launch of telerehabilitation systems as a response to COVID- 19. In Novemebr 2020, DyCare, a rehabilitation platform of Bio-sensing Solutions SL, a Barcelona based company specialized in health-tech; which received support from Horizon 2020 grant scheme- EU's key funding programme for research and innovation, to accelerate its product launches in response to COVID-19. DyCare allows sufferers of musculoskeletal problems to follow a recovery programme remotely.

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