A recent report published by
Infinium Global Research on virtual rehabilitation and telerehabilitation
systems market provides in-depth analysis of segments and sub-segments in the
global as well as regional virtual rehabilitation and telerehabilitation
systems market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional virtual rehabilitation and
telerehabilitation systems market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global virtual rehabilitation and telerehabilitation systems market. According to
the report, the global virtual rehabilitation and telerehabilitation systems market
was sized near USD 200 million in 2020 and is expected to reach over USD 500
Million by 2026 growing with a CAGR of 18.5% over 2020-2026.
VR rehabilitation sessions can be
delivered remotely while the patient is at home. Telerehabilitation programs
are showing promise by obtaining comparable results to therapist-supervised
programs e.g., for people after stroke people with Parkinson's disease at lower
costs. It enables access to care for those who have mobility issues associated
with physical impairment, access to transport, and socioeconomic factors. In
addition, it cuts down the associated travel costs and time spent traveling for
both the healthcare provider and the patient.
The current COVID-19 pandemic
challenges to public health and medical care delivery. To control viral
transmission, social distancing measures have been implemented all over the
world, which interrupting the access to routine medical care for many
individuals with neurological diseases and should be addressed by cognitive
rehabilitation interventions. Hence, during pandemic Virtual Rehabilitation and
Telerehabilitation Systems finding an opportunity to grow. An increasing
elderly population brings with an associated increase in chronic health
conditions. This highlights the need for the delivery of rehabilitation
services with the incorporation of self-management strategies and technology.
Growing numbers of elderly people have an impact, incurring considerable health
costs due to the growing demand for treatments. It is hoped that by integrating
Telerehabilitation Systems measures, these costs will be reduced. According to
the information published by the World Health Organization (WHO) in January
2018, over one billion people, i.e. around 15% of the global population, have
some kind of disability. Globally, approx 190 million adults have significant
difficulties in functioning. Moreover, in 2018, musculoskeletal conditions were
the second-highest contributor to global disability, accounting for 16% of all
cases of disability. Telerehabilitation is effective for patients with multiple
sclerosis, osteoarthritis, musculoskeletal conditions, and recovery of motor
function. It can also reduce health care costs, improve treatment adherence,
improve physical and mental function and quality of life, and be delivered in a
manner that is satisfactory to patients. However, less awareness among
healthcare professionals about VR and telerehabilitation systems is anticipated
to restrain the market. Moreover, as technology has progressed in healthcare,
the possibilities for effective telerehabilitation in therapies have improved.
The developments continued to be made using sensor and remote monitoring technologies
within the home which further enhanced the benefits of these new innovative
technologies of telerehabilitation.
North America dominates the
Virtual Rehabilitation and Telerehabilitation Systems Market. The presence of
big and well-established market players such as Bridgeway Senior Healthcare and
Virtualware Group is attributing to the growth of the market in this region. Furthermore,
developed healthcare infrastructure, and favorable policies are boosting the
market in North America. Moreover, rising awareness among the population
regarding virtual reality and telerehabilitation systems, and increasing
healthcare expenditure are expected to boost the market in North America.
The report on global virtual
rehabilitation and telerehabilitation systems market covers segments such as
product type, and end user. On the basis of product type, the sub-markets
include physical rehabilitation, neuro rehabilitation, cognitive
rehabilitation, and others. On the basis of end user, the sub-markets include
hospitals & clinics, and rehabilitation centers and home care settings.
The report provides profiles of
the companies in the market such as Reflexion Health, Inc, 270 Vision Ltd,
CoRehab Srl, Hinge Health, Inc, SWORD Health, S.A, MIRA Rehab Limited, Neuro
Rehab VR, Evolv Rehabilitation Technologies S.L, Yancheng Tianrun Medical
Technology Co., Ltd, and Tyromotion GmbH.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of virtual rehabilitation and telerehabilitation systems market.
Moreover, the study highlights current market trends and provides forecast from
2020-2026. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.