A telerehabilitation system is equipment used for treatment in substance abuse, and has application in educational services and mental health programs. Telerehabilitation services help medical professionals to analyze, supervise, consult, and diagnose diseases. Telerehabilitation services can be provided by healthcare service providers in medical branches such as physiotherapy.
The Europe telerehabilitation systems market is expected to witness significant growth during the forecast period owing to presence of key players in Europe such as 270 Vision Ltd, CoRehab srl, SWORD Health, S.A., MIRA Rehab Limited, Evolv Rehabilitation Technologies S.L., Brontes Processing Ltd., Rehametrics, Geminus-Qhom, MindMaze, and Doctor Kinetic.
The Europe Telerehabilitation Systems Market is estimated to be valued at US$ 56.8 million in 2020 and is expected to exhibit a CAGR of 9.1% during the forecast period (2020-2027).
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Europe Telerehabilitation Systems Market- Impact of Coronavirus (Covid-19) Pandemic (Supply Side and Demand Side Analysis)
In the past few months, countries such as Germany, U.K., Italy, and others are facing problems with regards to transportation. The coronavirus or COVID-19 outbreak which started from Wuhan, China, has spread across continents, affecting various industries globally. Supply of key materials has been disrupted due to forced quarantine and lack of manual labor and raw materials. As the link between regional warehouses is not smooth, the allocation of raw materials between regions cannot be carried out successfully. Shortage of raw materials and components has affected the supply chain of the telerehabilitation systems market in Europe.
Many patients with heart failure and other chronic diseases are facing difficulties in receiving treatment due to cancelation or delay in surgeries and other procedures such as chemotherapy and radiation therapy. Moreover, patients who are healthy or have curable cardiac diseases require timely surgery and medications are more likely to conclude that the risk of contracting COVID-19 outweighs the benefits of cancer treatment during the pandemic.
Many people suffering from chronic diseases could be at risk of long-term impairment and disability. The extent of this impairment and disability is yet unknown, but it is clear from early research that patients will be in need of rehabilitation in all phases of the disease such as acute, post-acute and long-term.
Rehabilitation might be a key strategy to reduce the impact of COVID-19 on the health and functioning of individuals. Physiotherapists are essential for these rehabilitation efforts in all phases to facilitate early discharge, but even more to support and empower patients.
Frequent partnerships and collaborations by market players are expected to drive the Europe telerehabilitation systems market growth
Players in the market are focused on development of novel and technologically advanced telerehabilitation systems for different indications. Companies are focused on strategic partnerships and acquisitions for development of novel systems.
For instance, since 2016, The Don Gnocchi Calo Foundation (DGF) was working with Evolv Rehabilitation Technologies S.L. to explore the application of VirtualRehab in telerehabilitation settings. In this collaborative project, DGF sought to develop a state-of-the art service delivery model that demonstrated continuity during the rehabilitation process and facilitated tele-rehab to improve quality of life of neuro patients while reducing costs for the organization. Such strategic partnerships are expected to drive the telerehabilitation systems market growth.
In 2018, CoRehab srl entered a distribution agreement with Zimmer Biomet under which Zimmer Biomet will distribute modules of CoRehab’s physical therapy and sports medicine platform in Europe.
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Europe telerehabilitation systems market- Competitive Landscape
Key players operating in the Europe telerehabilitation systems market are 270 Vision Ltd., CoRehab srl, SWORD Health, S.A., MIRA Rehab Limited, re.flex, Evolv Rehabilitation Technologies S.L., Brontes Processing Ltd., Bridgeway Senior Healthcare, Rehametrics, MindMaze , DIH Medical, and Doctor Kinetic.
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