Europe Telerehabilitation Skilled Nursing Care Center Market, by Service Type (Intensive Rehabilitation Therapy, Low and Medium Rehabilitation, Medically Complex, and Others), by End User (Hospital, Home Care Settings, and Others), and by Country (Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Sweden, Belgium, Netherlands, and Rest of Europe), is estimated to be valued at US$ 12.59 million in 2021 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.
Factors such as increasing prevalence of cardiovascular disease is expected to drive growth of the Europe telerehabilitation skilled nursing care center market during the forecast period.
According to European Heart Network (EHN), approximately 11.3 million new cases of CVD (cardiovascular disease) were diagnosed in Europe in the year 2017. Increasing cases of cardiovascular diseases have resulted in increasing demand for skilled nursing care to provide better facilities for patients during the treatment.
Europe Telerehabilitation Skilled Nursing Care Center Market - Impact of Coronavirus (Covid-19) Pandemic
The coronavirus (COVID 19) pandemic and resulting lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors. The private healthcare is one such sector that has been impacted majorly by the ongoing pandemic.
The lockdown in various countries due to the COVID-19 pandemic has placed an economic burden on the private healthcare sector. Healthcare providers were facing challenges in declining outpatient visits, insufficient manpower, equipment, consumables, and other resources to ensure safety in treatment of patients.
Thus, the COVID-19 pandemic has affected the economy in three main ways: 1) by directly affecting the production and demand, 2) by creating disruptions in distribution channels, and 3) through its financial impact on companies and financial markets.
Browse 23 Market Data Tables and 22 Figures spread through 135 Pages and in-depth TOC on “Europe Telerehabilitation Skilled Nursing Care Center Market”- Global Forecast to 2028, by Service Type (Intensive Rehabilitation Therapy, Low and Medium Rehabilitation, Medically Complex, and Others), by End User (Hospital, Home Care Settings, and Others), and by Country (Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Sweden, Belgium, Netherlands, and Rest of Europe)
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Innovative rehabilitation solution offerings by key players is expected to drive growth of the Europe telerehabilitation skilled nursing care center market during the forecast period.
For instance, Rehametrics, a healthcare firm based in Spain, offers rehabilitation platform to address the needs of clinicians and patients seeking rehabilitation services, which is designed to make rehabilitation more efficient and accessible to patients suffering from chronic conditions.
Key Takeaways of the Europe Telerehabilitation Skilled Nursing Care Center Market:
- The Europe telerehabilitation skilled nursing care center market is expected to exhibit a CAGR of 11.2% over the forecast period, owing to increasing number of clinical research conducted for cardiac rehabilitation, which is expected to drive growth of the market in Europe. For instance, in May 2018, American Heart of Poland conducted trial on the myocardial revascularization patients. The main aim of this trial was to study the usage of telemedicine in optimal cardiac rehabilitation program in 1,000 patients.
- Among country, Germany is estimated to account for the largest market share in 2021, owing to increasing prevalence of stroke in Germany. According to the report publish by Burden of Stroke in Europe, around 88,922 incidence of stroke occur per year in Germany. Thus, the increasing incidence of stroke is expected to drive the demand for telerehabilitation skilled nursing care in Europe which in turn, is expected to fuel growth of the market during the forecast period.
- Key players operating in the Europe telerehabilitation skilled nursing care center market include DyCare, Costaisa, Meditouch, Signo Motus srl, MEYTEC GmbH Informationssysteme, and Raccoon Technologies Poland LLC
