Europe Telerehabilitation Systems Market – See Incredible Growth by Top Players: 270 Vision Ltd., CoRehab srl, SWORD Health, S.A., MIRA Rehab Limited, re.flex, Evolv Rehabilitation Technologies S.L., Brontes Processing Ltd
SEATTLE, May 05, 2021, (PHARMIWEB) —
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 accounted around US$ 56.8 million in 2020 and is expected to register a CAGR of 9.1% over the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Major players in the market are involved in developing and launching new telerehabilitation systems. Rising approval and launch of such advanced systems is expected to propel growth of the Europe telerehabilitation systems market. For instance, in February 2016, MindMaze received CE marking for its Immersive Virtual Reality (IVR) rehabilitation solution, MindMotionPRO, for neurological rehabilitation. MindMotionPRO is a hospital-based rehabilitation solution for early motor intervention in neurological patients.
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However, in September 2014, VirtualRehab, a virtual reality platform, received CE marking for motion capture physical rehabilitation software in Europe. The device was designed in collaboration with neurologists and physiotherapists. The device was designed for use in neurorehabilitation units of the National Hospital for Neurology & Neurosurgery (NHNN), London.
Impact of Coronavirus (Covid-19) Pandemic:
The coronavirus epidemic (COVID 19) and emerging disability in various parts of the world have had a profound effect on the financial status of the business in all sectors. The private health sector is one such sector that has been hit hard by the ongoing epidemic.
Lockdown in various countries due to the COVID-19 epidemic has placed an economic burden on the private healthcare sector. Health care providers faced challenges in terms of declining patient visits, as well as inadequate staffing, equipment, consumables, and other resources to ensure safety in the treatment of patients with other diseases.
Moreover, according to the National Cancer Institute U.S, people with chronic diseases such as cancer may be at greater risk of serious illness from COVID-19, or its treatment may leave them at risk of developing complications.
Therefore, the COVID-19 epidemic has affected the economy in three main ways; 1) by directly affecting production and demand; 2) by creating interference in distribution channels; and 3) its financial impact on companies and financial markets
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The Europe telerehabilitation systems market is expected to register a CAGR of 9.1%over the forecast period (2020-2027) due to launch and approval of new virtual rehabilitation and telerehabilitation systems.
On the basis of component, the software segment is expected to hold a major revenue share in 2027 due to rising number of approvals from the regulatory agencies in the European Union. For instance, in September 2014, VirtualRehab received first medical device CE mark approval for a motion capture physical rehabilitation software in Europe.
Major players dominating in the Europe telerehabilitation systems market such as CoRehab srl, 270 Vision Ltd., SWORD Health, MIRA Rehab Limited, S.A., re.flex, Brontes Processing Ltd., Evolv Rehabilitation Technologies S.L., Bridgeway Senior Healthcare, DIH Medical, Doctor Kinetic and Rehametrics, MindMaze.
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By End User:
- Home Care Settings
- Rehabilitation Centers
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/europe-telerehabilitation-systems-market-3493
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