Europe Telerehabilitation Systems Market, By Component (Hardware and software), By Application (Cardio-pulmonary, Neurology, Orthopedic, and Others), By End User (Hospitals, Home Care Settings, and Rehabilitation Centers), 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$ 422.2 Million in 2023 and is expected to exhibit a CAGR of 7.1 % during the forecast period (2023-2030), as highlighted in a new report published by Coherent
Market Insights.
Increasing initiatives by government organizations to conduct funding programs is expected to drive growth of the Europe telerehabilitation systems market over the forecast period. For instance, in July 2022, Willenhall Area Relief Rehabilitation and Nursing Trust (WARRANT),- a charity under the National Health Service (the publicly funded healthcare system in England, and one of the four National Health Service systems in the U.K.), funded for the E-LINK Upper Limb Exerciser rehabilitation equipment at West Park Hospital- a mental health and learning disability hospital in Darlington, U.K.
Europe Telerehabilitation Systems Market – Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spread quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems with regard to the transportation of drugs from one place to another.
COVID-19 had a positive impact on the Europe telerehabilitation systems market due toincreasing number of respiratory diseases that were reported during the COVID period.
Europe Telerehabilitation Systems Market : Key Developments
Strategies like research and development activites can increase the telerehabilitation system platform, thus reach more regions. This is expected to boost the market growth during the forecast period.
For instance, in February 2022,, researchers at University of Central Lancashire (UCLan), – an international, multi-campus university in the U.K., launched a pilot research study into a potentially life-enhancing digital stroke rehabilitation tool- The Virtual Engagement Rehabilitation Assistant (VERA). It is a digital tool being developed by The Walton Centre NHS Foundation Trust- a non-profit, public benefit corporation and Citrus Suite- a software company, funded by The Stroke Association- a charity in te U.K. and MedCity- the cluster organisation for the world-leading health and life sciences sector in London, U.K., led by UCLan.
Browse 49 Market Data Tables and 41 Figures spread through 180 Pages and in-depth TOC on “Europe Telerehabilitation Systems Market”, By Component (Hardware and software), By Application (Cardio-pulmonary, Neurology, Orthopedic, and Others), By End User (Hospitals, Home Care Settings, and Rehabilitation Centers), and By Country (Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Sweden, Belgium, Netherlands, and Rest of Europe)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/europe-telerehabilitation-systems-market-4223
Key Takeaways of the Europe Telerehabilitation Systems Market :
- The Europe telerehabilitation systems market is expected to exhibit a CAGR of 7.1% during the forecast period. The mergers and acquisitions increase t demand for telerehabilitation platforms and offers lucrative growth opportunities for players in the Europe telerehabilitation systems market. For instance, in December 2020, Physitrack PLC, an Apple Inc. mobility partner and global provider of technology for Virtual Care and Telehealthin the U.K., announced its launch of an in-house merger and acquisition program that targets the acquisition of Physiotools OY,-a Finland-based provider of patient engagement technology, to expand the global reach of its products.
- Among application, the cardio-pulmonary segment is expected to dominate Europe telerehabilitation systems market over the forecast period, owing to the increasing developments associated with the virtual rehabilitation for chronic obstructive pulmonary disease (COPD) For instance, in June 2022, -Kaia Health,- a global digital therapeutics company aims to make high-quality, evidence-based therapies accessible to anyone, anytime, announced the availability of the company’s clinically validated virtual offering for chronic obstructive pulmonary disease (COPD) rehabilitation.
- Among country, the U.K. is expected to be the dominant country in the Europe telerehabilitation systems market, owing to increasing product launches in this region. In February 2020, Askham Village Community,- a U.K.-based care and rehab centre, combined all its rehab services together with the launch of Askham Rehab, a specialist global rehabilitation service incorporating robotics and sensor assisted technology.
- Major players operating in the Europe telerehabilitation systems market include 270 Vision Ltd., CoRehab srl, Sword Health, Inc., MIRA Rehab Limited, FLEX LTD. Flextronics International, LTD., EVOLV REHABILITATION TECHNOLOGIES S.L., Brontes Processing, Bridgeway Senior Healthcare, Rehametrics, MindMaze, DIH Medical and Doctor Kinetic .
