Virtual Rehabilitation and Telerehabilitation Systems Market

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Virtual Rehabilitation and Telerehabilitation Systems Market (Product Type - Physical Rehabilitation, Neuro Rehabilitation, Cognitive Rehabilitation, and Others; End User - Hospitals & Clinics, and Rehabilitation Centers and Home Care Settings): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2021

  • Rep Id : HC08684

  • Category : Healthcare & Medical Devices

  • Status : Published

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.

 

Market Insight

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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.


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