The global Telerehabilitation Systems Market is estimated to be valued at US$ 254.6 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Telerehabilitation systems utilize technology like Virtual Reality for remote delivery of rehabilitation services like physical, occupational and speech therapy. This has enabled access to therapy from home which has boosted the demand for telerehabilitation amidst mobility restrictions during the pandemic.
Market key trends:
One of the major trends driving the telerehabilitation market is the rising geriatric population with limited mobility. Virtual physical therapy solutions help the elderly receive rehabilitation services remotely from the comfort of their homes. The convenience and flexibility offered by telerehabilitation is boosting its adoption across various healthcare settings. Furthermore, growth in telehealth and digital health investments is also fueling innovations in telerehabilitation systems with features like interactive sessions and gamified therapy programs.
Segment Analysis
The telerehabilitation systems market is segmented by application into stroke, traumatic brain injury, Parkinson's disease, multiple sclerosis, low back pain, and other applications. Among all, the stroke segment dominates the market and accounted for the largest market share in 2023. Stroke patients need timely rehabilitation or physical therapy sessions to improve mobility and function. Telerehabilitation aids stroke patients to continue their therapy from home and achieve better therapeutic outcomes.
Key Takeaways
The global telerehabilitation systems market is expected to witness high growth, exhibiting a CAGR of 14% over the forecast period, due to increasing geriatric population and rising chronic diseases.
Regional analysis
North America dominates the telerehabilitation systems market and is expected to continue its dominance over the forecast period. This is attributed to growing adoption of remote patient monitoring and telerehabilitation solutions across healthcare settings in the US andCanada. Asia Pacific is expected to exhibit the fastest growth over the forecast period owing to expanding healthcare infrastructure and increasing geriatric population in major Asian countries, especially China and India.
Key players
Key players operating in the telerehabilitation systems market size are Reflexion Health, Inc., 270 Vision Ltd., CoRehab srl, Hinge Health, SWORD Health, MIRA Rehab Limited, Flex, Neuro Rehab VR, Evolv Rehabilitation Technologies SL, Yancheng Tianrun Medical Technology Co., Ltd, Tyromotion Gmbh, Brontes Processing Ltd., Bridgeway Senior Healthcare, Rehametrics, Geminus-Qhom, MindMaze, DIH Medical, and Doctor Kinetics. These companies continuously focus on new product launches and mergers & acquisitions to strengthen their market position and expand their presence in various regions.
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