by The Europe Telerehabilitation Systems Market consists of medical and wellness devices and systems that aid remote patient monitoring, treatment and rehabilitation through telecommunication technology. Telerehabilitation systems help provide cost-effective rehabilitation services to patients in remote locations by transmitting health data and enabling video conferences between patients and medical professionals. These systems allow customized treatment programs at home and help manage chronic conditions through continuous monitoring.
Europe Telerehabilitation Systems Market share is estimated to be valued at US$ 486.38 Billion in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Europe Telerehabilitation Systems are Thermo Fisher Scientific,Bruker,Shimadzu,Waters Corporation,Agilent Technologies,PerkinElmer,AB Sciex. The COVID-19 pandemic has increased the demand for remote patient monitoring and home-based care systems in Europe. With rising cases of long COVID, telerehabilitation provides an effective solution for continued care of patients. Several European nations are focusing on digital transformation of their healthcare infrastructure to allow large-scale deployment of telehealth services. This will help expand the outreach of rehabilitation therapists and enable treatment of a greater patient pool.
Market Key Trends
The integration of virtual and augmented reality into telerehabilitation systems is among the key trends witnessed in the Europe market. The immersive experience offered through VR/AR helps optimize treatment outcomes through highly engaging therapy sessions at home. Leading players are collaborating with VR/AR technology companies to develop next-gen systems for gamified rehabilitation of patients with conditions like stroke, spinal cord injury and Parkinson’s disease. This is expected to transform remote rehabilitation and help overcome challenges like patient adherence to prescribed routines.
Porter’s Analysis
Threat of new entrants: High cost of R&D and manufacture of telerehabilitation systems limits the threat of new entrants.
Bargaining power of buyers: Moderate bargaining power of healthcare institutions and physical rehab centers as they have a choice of systems but telerehabilitation improves access and outcomes.
Bargaining power of suppliers: Well established global players in MedTech industry supply components with moderate power over telerehabilitation companies.
Threat of new substitutes: Low threat as telerehabilitation is an innovative addition to traditional physiotherapy with benefits of remote access and data monitoring.
Competitive rivalry: Strong competition between established players to gain market share through innovation, service capabilities, and strategic partnerships.
Geographical concentration of value
North America and Western Europe account for over 60% of the market value due to growing aging population, focus on cost efficiency and outcomes in healthcare systems.
Fastest growing region
Asia Pacific region is expected to grow at the fastest rate during the forecast period driven by factors such as increasing healthcare expenditure, spreading awareness, and focus on developing digital health services in countries like China, India, and Japan.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
