Physical therapy (PT), commonly known as physiotherapy, is one of the medical specialties in which physicians treat a variety of ailments, including physical impairments brought on by disease, trauma, or damage to the musculoskeletal, circulatory, respiratory, neurological, or endocrinological systems. There are many different approaches to physical therapy, including mobilization, exercise prescription, health education, and kinesiology based on scientific evidence. To enhance their patients' physical capabilities, physical therapists use diagnosis, prognosis, physical examination, physical intervention, rehabilitation, and illness prevention. The development of innovative physical therapy rehabilitation solutions by leading market participants, as well as the approval and introduction of such cutting-edge systems, is anticipated to significantly drive the growth of the physical therapy rehabilitation solutions market over the forecast period. Moreover, during the forecast period, strategic alliances between prominent companies for the development of novel physical therapy devices are expected to drive the market for physical therapy rehabilitation solutions.
During the forecast period (2020-2027), the global market for Physical Therapy Rehabilitation Solutions is expected to expand at a compound annual growth rate of 7.7%.
Leading Companies in the Physical Therapy Rehabilitation Solutions Industry:
Reflexion Health
Reflexion Health provides doctors with SaaS that utilizes Microsoft's Kinect motion sensing system in order to monitor patient adherence to the prescribed rehabilitation plan, customize treatment, motivate, and track progress. It was founded in 2012 and headquartered in
San Diego, United States. It operates in many countries. In Feb 2018, Reflexion Health, a virtual rehabilitation therapy company, announced an agreement with the Visiting Nurse Service of New York (VNSNY) to bring VERA, its FDA-cleared Virtual Exercise Rehabilitation Assistant, directly to VNSNY patients and communities. VERA is a digital platform that provides home physical therapy and remote patient monitoring capabilities for clinicians.
Cerner Corporation
Cerner Corporation was founded in 1979 and headquartered in Missouri, U.S. It operates globally. In June 2022, Cerner was acquired by Oracle.
Kareo, Inc
Kareo, Inc was founded in 2004 and headquartered in
Irvine, United States. It operates in 50 states. In Sept 2022, Kareo, a major provider of cloud-based clinical and practice management software for independent healthcare practices and billing companies, and Optimis Services, Inc., a major provider of cloud-based EMR and practice management technology for rehabilitation treatment, announced a software integration and channel partnership for private practice rehab clinics.