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Virtual Rehabilitation and Telerehabilitation Systems Market Growth 2026 With Leading Key Players Bridgeway Senior Healthcare, Motekforce Link, GestureTek, Virtualware Group, Motorika Medical, LiteGait, Doctor Kinetic

12-03-2018 07:53 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Virtual Rehabilitation

Virtual Rehabilitation

The global virtual rehabilitation and telerehabilitation systems market was valued at US$ 142.9 million in 2017 and is projected to reach US$ 649.7 million by the end of 2026, exhibiting a CAGR of 18.6% during the forecast period of 2018-2026.

The usage of virtual rehabilitation and telerehabilitation systems is less expensive for both healthcare providers and patients as compared to conventional in-clinic or person-to-person rehabilitation. This has aided in accelerating growth of the market. According to American Congress of Rehabilitation Medicine (ACRM), in 2015 the in-clinic intervention resulted in more expenses than the telerehabilitation intervention (US$ 654.72 per person). Low price of virtual rehabilitation and telerehabilitaion is major factor for increasing adoption of these services and this has propelled growth of virtual rehabilitation and telerehabilitaion system market. Moreover, rehabilitation systems helps to save data for future analysis and for keeping patient’s record into a database. Therefore, this becomes easy for the healthcare providers to keep a log of the progress of the patients.

Global Virtual Rehabilitation and Telerehabilitation Systems Market: Taxonomy

By Product Type

Physical Rehabilitation
Neuro Rehabilitation
Cognitive Rehabilitation
Others
By End User

Residential
Care homes
Hospitals
Others (Rehabilitation centers)

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Rising trend of using computer assisted rehabilitation systems such as training platform (motion base), a virtual environment, a sensor system (motion capture), and D-flow software, is expected to be another major factor aiding in growth of the market. These systems are useful for both diagnostic and therapeutic use. These systems are expected to help patients suffering from strokes or traumatic injuries and patients with disabilities, in improving their sense of balance, coordination, and mobility. Though virtual reality (VR) has been used in physical therapy for nearly a decade, Computer Assisted Rehabilitation Environment (CAREN) offers better growth opportunities for manufacturers. These systems are expected to advance diagnosis and treatment of musculoskeletal and neurological disorders.

Virtual rehabilitation and telerehabilitation system is an equipment used for treatment in numerous programs such as mental health, substance abuse, and educational services for patients in mental hospitals, care homes, and rehabilitation centers. Telerehabilitation services helps the medical professionals to analyze, supervise, consult, and diagnose diseases. Telerehabilitation relates to services delivered by a number of healthcare service providers in medical branches such as physiotherapy, and also used to take follow-up with the clients after discharge. Furthermore, these systems helps to minimize the frequent patient visits to hospitals.

On the basis of geography, virtual rehabilitation and telerehabilitation systems market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America and Europe regions are estimated to account for significant market shares during the forecast period, owing to high presence of prominent vendors of virtual rehabilitation and telerehabilitation systems, which include Bridgeway Senior, Healthcare, Motekforce Link, GestureTek Inc., and Virtualware Group. Furthermore, these regions have developed healthcare infrastructure and various policies supporting telerehabilitation, and these are further expected to aid in growth of the markets in these regions. For instance, in 1998, the US Congress amended the Rehabilitation Act of 1973 to require Federal agencies to make their electronic and information technology (EIT) accessible to people with disabilities and make opportunities available for persons with disabilities and encourage the development of technologies that help achieve these goals.

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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