May 29, 2024
European Telerehabilitation Systems Market

European Telerehabilitation Systems Market Propelled by Growing IoT Adoption

Telerehabilitation systems provide remote rehabilitation services to patients at home or in rural areas. It involves using telecommunication and virtual reality technologies to deliver rehabilitation therapies. Telerehabilitation helps patients in monitoring their health conditions, adhering to prescribed treatments, and collaborating with physical and occupational therapists for several functional mobility conditions. The growing geriatric population susceptible to mobility issues and demand for cost-effective healthcare are propelling the adoption of telerehabilitation systems.

The global Europe Telerehabilitation Systems Market is estimated to be valued at US$ 150 million in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Telehealth and virtual care technologies are experiencing significant growth due to the COVID-19 pandemic, which is driving the adoption of telerehabilitation systems across Europe. Restrictions during the pandemic limited in-person rehabilitation sessions, thereby accelerating the integration of virtual platforms. There is increased investment by rehabilitation centers and hospitals to develop advanced virtual care infrastructure and deploy telerehabilitation solutions. For instance, in 2020, the German government invested over €50 million to promote digital healthcare technologies, including virtual rehabilitation services. Such initiatives are expected to increase the accessibility and availability of telerehabilitation programs in Europe during the forecast period.
SWOT Analysis
Strength: Presence of established healthcare infrastructure and favorable reimbursement policies across Europe drives demand. Advanced technology adoption also supports growth.

Weakness: High costs associated with telerehabilitation systems limits their widespread adoption. Lack of trained professionals poses challenges.

Opportunity: Growing geriatric population and rising cases of chronic diseases creates need. Increasing investments in digital health presents scope.

Threats: Data privacy and security concerns can hamper market. Lack of connectivity in rural areas acts as a barrier.

Key Takeaways

Global Europe Telerehabilitation Systems Market Size is expected to witness high growth over the forecast period.

Regional analysis:

Germany dominates currently with over 20% share backed by growing elderly population, favorable insurance coverage and technological advancements. Presence of top vendors also aids market growth. The UK and France follow next in terms of size and are set to grow at a similar pace on initiatives for digital healthcare and chronic disease management.

Key players:

Key players operating in the Europe telerehabilitation systems market are Philips Healthcare , Medtronic Plc , Johnson and Johnson, C3O telemedicine , Care Innovations LLC., Cisco and Siemens Healthineers. They focus on product innovation and partnerships to strengthen market position in the high potential region.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it