Telerehabilitation is the delivery of rehabilitation services over telecommunication networks and the internet. The medical service uses the application of telecommunication to provide medical support via telecom or digital media, intervention and assessment to individuals with specific disorder. Telerehabilitation provides a diversity of clinical applications including the facility of assistive technology, teleconsultation by psychiatrist, remote therapy using tools, and others. Telerehabilitation services are needed for assessment, monitoring, consultations, diagnosis, and to manage therapies or to propose interactive therapies or therapeutic settings.
The Global Telerehabilitation Services Market is estimated to be valued at US$ 357.5 million in 2020 and is expected to exhibit a CAGR of 15.0% % during the forecast period (2020-2027).
Figure 1.Global Telerehabilitation Services Market Share (%) in Terms of Value, By Service Type 2019
Launches and approval of novel virtual rehabilitation and telerehabilitation solutions are expected to drive the market growth during the forecast period.
Key players in the market are involved in developing novel rehabilitation solutions is expected to drive the market growth during the forecast period. For instance, In June 2016, Flexpoint Sensor Systems, Inc. launched 'Gloreha Sinfonia', an advanced, next generation medical rehabilitation technology. It includes Gloreha Hand Rehabilitation Glove, Sinfonia, DAS – Dynamic Arm Support, Workstation, and the innovative Virtual Reality Rehabilitation and customized, Therapy Management software.
Figure 2.Global Telerehabilitation Services Market Share (%), By End user, 2019
Development of novel systems for providing rehabilitation services are expected to drive the market growth during the forecast period.
Development of novel systems for providing rehabilitation services is expected to drive the market growth during the forecast period. For instance, in July 2019, PT Genie, a digital health company, introduced PT Genie, a wearable device that keeps patients connected with their physical therapist remotely. PT Genie provides real-time feedback and an ongoing connection between patient and therapist to ensure that the exercise protocol is helping the patient recover.
|Base Year:||2019||Market Size in 2020:||US$ 357.5 Mn|
|Historical Data for:||2016 to 2019||Forecast Period:||2020 to 2027|
|Forecast Period 2020 to 2027 CAGR:||15.0%||2027 Value Projection:||US$ 953.6 Mn|
MTI America, UnaliWear Inc., Virtual Physical Therapists, Conversa Health, Rehab Management Pty Ltd, MindStreet Inc., MedRisk, NeoRehab, Global Outreach TeleRehabilitation Services, Inc., and Empatha
|Restraints & Challenges:||
Global Telerehabilitation Services Market – Impact of Coronavirus (COVID-19) Pandemic
The rapid global spread of COVID-19 is challenging healthcare systems worldwide in terms of healthcare planning, infrastructure, and finances. Healthcare professionals are forced to treat severely ill patients with limited access to ventilation equipment, qualified intensive care personnel or protective patient monitoring devices.
Since December 2019, the novel coronavirus spread throughout China and across the world, causing a continuous increase in confirmed cases within a short period of time. The disease has spread to more than 200 countries across the globe with the World Health Organization declaring it as a public health emergency. For instance, according to the WHO Coronavirus (COVID-19) dashboard, the manifestation of the coronavirus disease has resulted in more than 143 million infected individuals worldwide as of April 21st 2021. The COVID 19 pandemic and lockdowns in various countries across the globe has impacted the financial status of businesses across all sectors. The private healthcare is one of the sectors which has been majorly impacted by the COVID-19 pandemic. The lockdown in various countries has created an economic burden on the private healthcare sector. Healthcare providers faced many challenges with regards to manpower, equipment, and other resources to ensure safety in the treatment of patients with other diseases, the pandemic also resulted in declining outpatient visits at the hospitals and clinics. Moreover, the coronavirus pandemic has negatively impacted the development and supply of essential services, and affected growth of the healthcare businesses of various companies across the globe. This has led to closure of industrial establishments, except manufacturing of essential commodities and disruption in supply chain of products and services.
Global Telerehabilitation Services Market: Restraint
The major factors that hinder growth of the global telerehabilitation services market include limited awareness and lack of skilled professionals. Rural areas belonging to emerging economies such as Africa and Asia Pacific has very low awareness about such novel technologies, which is expected to be a major reason leading to slow adoption of virtual rehabilitation and telerehabilitation systems in such regions, thereby hindering the market growth.
Major players operating in the global telerehabilitation services market are MTI America, UnaliWear Inc., Virtual Physical Therapists, Conversa Health, Rehab Management Pty Ltd, MindStreet Inc., MedRisk, NeoRehab, Global Outreach TeleRehabilitation Services, Inc., and Empatha
Telerehabilitation, also called as e-rehabilitation is a modern form of rehabilitation service that is provided over interactive devices. It can address a wide spectrum of health ailments, from minor health issues to emergency medical conditions. Other forms of this technology include speech and language therapy, neurophysiology, and audiology. It is a form of medical service that is provided through telecommunication networks not just digital media. Such services may include assessments, diagnosis, prognosis and treatments that the treatments are provided by educating patient and their family members. Normally telerehabilitation is provided to individuals who are living in geographically distant locations or to individuals who are unable to reach the rehabilitation center due to disability and financial constraints. The service is beneficial for people living in rural or remote areas.
Key players operating in the global telerehabilitation services market are focusing on adoption of growth strategies such as product launches, strategic expansions, and acquisitions, which are expected to drive the market growth during the forecast period. For instance, in November 2017, Novacare opened seven rehabilitation centers across the U.S., becoming the largest provider of outpatient rehab care in the country. Moreover, in August 2019, Penrith-based Cowper’s mobility center relocated to a larger facility in order to provide a wider range of rehabilitation products and services following patient’s hospital discharge, and help patient about rehabilitation product awareness and provide guidance regarding mobility issues. For instance, in March 2018, Reflexion Health, Inc. announced the launch of two digital rehabilitation products: the VERAHome for post-acute care physical therapy patients, and the VERAClinic for their clinicians.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.