Europe Telerehabilitation Skilled Nursing Care Center Market, by Service Type (Intensive Rehabilitation Therapy, Low and Medium Rehabilitation, Medically Complex, and Others), by End User (Hospital, Home Care Settings, and Others), and by Country (Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Sweden, Belgium, Netherlands, and Rest of Europe), is estimated to be valued at US$ 12.59 million in 2021 and is expected to exhibit a CAGR of 11.2% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Factors such as increasing prevalence of cardiovascular disease is expected to drive growth of the Europe telerehabilitation skilled nursing care center market during the forecast period.
According to European Heart Network (EHN), approximately 11.3 million new cases of CVD (cardiovascular disease) were diagnosed in Europe in the year 2017. Increasing cases of cardiovascular diseases have resulted in increasing demand for skilled nursing care to provide better facilities for patients during the treatment.
Europe Telerehabilitation Skilled Nursing Care Center Market - Impact of Coronavirus (Covid-19) Pandemic
The coronavirus (COVID 19) pandemic and resulting lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors. The private healthcare is one such sector that has been impacted majorly by the ongoing pandemic.
The lockdown in various countries due to the COVID-19 pandemic has placed an economic burden on the private healthcare sector. Healthcare providers were facing challenges in declining outpatient visits, insufficient manpower, equipment, consumables, and other resources to ensure safety in treatment of patients.
Thus, the COVID-19 pandemic has affected the economy in three main ways: 1) by directly affecting the production and demand, 2) by creating disruptions in distribution channels, and 3) through its financial impact on companies and financial markets.