Europe Virtual Rehabilitation and Telerehabilitation Market

Europe Virtual Rehabilitation and Telerehabilitation Market Size (2023 to 2028)

The virtual rehabilitation and telerehabilitation market size in Europe is anticipated to grow from USD 80.09 million in 2023 to USD 195.28 million by 2028, growing at a CAGR of 19.51% from 2023 to 2028.

The rising awareness of virtual rehabilitation and telerehabilitation systems among the European population is one of the key factors propelling the European market growth. Telerehabilitation services have gained significant traction among cardiac patients in recent days in Europe, as they have demonstrated considerable improvements in the well-being of heart disease patients. The patient population suffering from cardiovascular diseases is growing rapidly in the European region and is also one of the leading causes of death in Europe. As per the "European Cardiovascular Disease Statistics 2017 Report" published by the European Heart Network, cardiovascular diseases held a 45% of share in the total number of deaths happening in Europe every year and approximately 4 million people per year die from cardiovascular diseases in Europe. The key market players and several healthcare organizations have been offering cardiac rehabilitation programs to affected individuals in the European region. Telerehabilitation, which is a digital technology that employs smartphone applications, smartwatches and teleconsultation, has emerged as a promising solution in this regard.

The growing adoption of technological advancements in virtual and telerehabilitation systems to enhance patient comfort and recovery rates contribute to the growth rate of the European market. The market players and researchers have been actively developing cutting-edge virtual rehabilitation devices that incorporate advanced technologies including IoT, artificial intelligence, machine learning and sensor technology. These innovations are helping to optimize treatment outcomes and improve the overall patient experience.

The rising incidence of depression among the European population fuels the growth rate of the European market. In the wake of the pandemic, there has been a surge in demand for telerehabilitation services due to concerns about virus transmission among the general population. Children who experience anxiety and depression stemming from issues such as family problems, academic pressures, and the school environment are opting for telerehabilitation services as a means of seeking relief. Additionally, the elderly population is benefiting from the convenience of both virtual and telerehabilitation systems in accessing rehabilitation treatments.

The high cost of VR systems is one of the major factors primarily hampering the European market growth. Installation of the VR software with VR hardware needs a high setup cost to provide a good user experience. Lack of skilled professionals who are giving training to the patients, improper communication infrastructure in rural areas and patient safety issues in Europe further hinder the regional market growth. Cybersecurity issues and data privacy in virtual rehabilitation and telerehabilitation system also hampers the market growth. Connectivity issues, the need for more awareness about telerehabilitation services among the population and the need for trained professionals for therapies impede the market growth in Europe.

This research report on the Europe virtual rehabilitation and telerehabilitation market has been segmented and sub-segmented into the following categories.

By Product:

• Physical Rehabilitation
• Neuro Rehabilitation
• Cognitive Rehabilitation
• Others

Based on product, the physical segment had the leading share of the European market in 2022.

By End Use:

• Hospitals & Clinics
• Rehabilitation Centres
• Home Care Settings

Based on end-use, the rehabilitation centers segment accounted for the major share of the European market in 2022.

By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

The European region held a substantial share of the global market in 2022 and is anticipated to occupy a notable share of the global market during the forecast period owing to a supportive government and an increasing healthcare budget by the population. The UK market captured the most significant share of the European market during the forecast period. Factors such as the presence of a large number of virtual reality companies and the rising number of virtual rehabilitation programs and investments in developing virtual rehabilitation majorly drive the UK market growth. The growing usage of telerehabilitation services by patients with physical disabilities and impairment boosts the growth rate of the UK market. Due to their condition, such patients face difficulties traveling to a healthcare facility. Telerehabilitation services are, therefore, provided to patients with chronic musculoskeletal conditions, stroke, and severe expressive communication disorders.

Germany accounted for a considerable share of the European market in 2022 and is expected to grow at a notable CAGR during the forecast period due to factors such as the increasing number of manufacturing facilities and clinical trial centers in Germany. The growing number of virtual startup companies, rising job opportunities for trainers and adoption of virtual rehabilitation by several hospitals in Germany contribute to the German market growth.

KEY MARKET PLAYERS:

Mindmaze, Brontes Processing Ltd., Rehametrics (NeuroAtHome), Motek Medical B.V. and Bridgeway Senior Healthcare are some of the promising companies in the European virtual rehabilitation and telerehabilitation market.