Top Driving Factors of Virtual Rehabilitation and Telerehabilitation System Market with leading Key Players are Reflexion Health, Inc., 270 Vision Ltd., CoRehab srl, Hinge Health, Inc., SWORD Health, S.A., MIRA Rehab Limited

In the recent years, various technological advancements have been made in the virtual rehabilitation (VR) and telerehabilitation systems. These includes technologies such as high-end and low-end systems, embedded ambient VR technologies to monitor real world activity, and turn-key VR systems with clinical validity and reliability. Moreover, manufacturers are also focused on VR applications with a personalized medicine approach. Therefore, technological advancements in rehabilitation systems is expected to drive growth of the virtual rehabilitation and telerehabilitation system market.

The global virtual rehabilitation and telerehabilitation system market is estimated to be valued at US$ 192.7 million in 2019 and is expected to witness a CAGR of 19.2% during the forecast period (2019 - 2027).

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Increasing regulatory approvals for virtual rehabilitation and telerehabilitation devices and systems is expected to drive growth of the virtual rehabilitation and telerehabilitation systems market. For instance, in June 2019, Reflexion Health, Inc. received the U.S. Food & Drug Administration (FDA) 510(k) clearance for use of its Virtual Exercise Rehabilitation Assistant (VERA) digital physical therapy platform in 'rehabilitating the trunk and upper extremities'. Previously, VERA was already approved by the U.S. FDA for the treatment of lower extremities i.e. knee and hip replacement surgery.

Manufacturers are focused on development and launch of innovative rehabilitation devices, which is expected to drive the virtual rehabilitation and telerehabilitation systems market growth. For instance, in August 2019, Ekso Bionics Holdings launched its EksoNR, the next generation of its EksoGT robotic exoskeleton, developed for neurorehabilitation purposes. The device is equipped with advanced software such as EksoView. EksoView, a touchscreen controller, allow therapists to provide assistance to disabled people by using real-time feedback and perform analysis of outcomes with the help of EksoNR.

Moreover, adoption of inorganic growth strategies such as partnership and collaboration by major players operating in the market is expected to drive growth of the virtual rehabilitation and telerehabilitation systems market. For instance, since 2016, The Don Gnocchi Calo Foundation (DGF) has been working with Evolv Rehabilitation Technologies S.L. to explore the application of VirtualRehab in telerehabilitation settings. In this collaborative project, DGF sought to develop a state-of-the art service delivery model that demonstrated continuity during the rehabilitation process and facilitated tele-rehab to improve the quality of life of neuro patients while reducing costs for the organization.

Major players operating in the global virtual rehabilitation and telerehabilitation systems market include Reflexion Health, Inc., 270 Vision Ltd., CoRehab srl, Hinge Health, Inc., SWORD Health, S.A., MIRA Rehab Limited, Bridgeway Senior Healthcare, Motekforce Link, GestureTek Inc., Virtualware Group, Motorika Medical Ltd., LiteGait, Doctor Kinetic, and Mindmaze

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