Impact Analysis of Covid-19 On Global Telerehabilitation Systems Market Continues to Expand to Support Development and Top Players: 270 Vision Ltd., CoRehab srl, Hinge Health

The Telerehabilitation Systems market are involved in developing novel virtual rehabilitation and telerehabilitation systems and launching them in the market. The approval and launch of such advanced systems in the market are expected to significantly drive the market growth and create conductive environment for growth of the telerehabilitation systems market during the forecast period.

For instance, in March 2018, Reflexion Health, Inc., a U.S.-based digital health solutions company, launched its next-generation solutions called VERAHome and VERAClinic for patients and clinicians. VERAHome and VERAClinic are built upon the company’s U.S. FDA-cleared Virtual Exercise Rehabilitation Assistant (VERA).

Furthermore, key players in the market are involved in expanding indication of its virtual rehabilitation systems. For instance, in June 2019, Reflexion Health, Inc. received the U.S. Food & Drug Administration (FDA) 510(k) clearance for the 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.

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In February 2016, MindMaze received CE marking for its Immersive Virtual Reality (IVR) rehabilitation solution, MindMotionPRO, for neurological rehabilitation. MindMotionPRO is a hospital-based rehabilitation solution for early motor intervention in neurological patients.

However, lack of awareness regarding novel technologies and advanced therapies among patients and healthcare professionals is a major factor which is expected to hinder growth of the telerehabilitation systems market. There is low awareness about novel technologies in rural areas of regions such as Africa and Asia Pacific which is expected to be a major reason leading to slow adoption of virtual rehabilitation and telerehabilitation systems and hinder the market growth.

Moreover, lack of skilled professionals in such regions is also expected to hamper growth of the telerehabilitation systems market during the forecast period.

North America accounted for the largest share in the telerehabilitation systems market in 2019 owing to the increasing focus of key players on development of technologically advanced telerehabilitation systems for highly prevalent diseases and launching them in the market. For instance, in March 2019, Neuro Rehab VR, a U.S. based company, and the University of North Texas Health Science Center partnered with the University of Texas at Arlington Research Institute (UTARI).

Moreover, adoption of acquisition strategies by key players to enhance at-home telerehabilitation capabilities is contributing to the growth of the telerehabilitation system market. For instance, in October 2016, Zimmer Biomet Holdings Inc. acquired RespondWell, a telerehabilitation platform from RespondWell LLC. Zimmer Biomet integrated the novel platform into its Zimmer Biomet Signature Solutions to further enhance patient compliance with physical therapy.

Furthermore, Asia Pacific is also expected to witness significant growth in the global telerehabilitation systems market owing to initiatives taken by key players. Companies such as Neo-Rehab Pty Ltd, Visionflex Pty Limited, and others offer telerehabilitation products and services in Australia. Moreover, government authorities such as the government of South Australia are focused on increasing awareness about telerehabilitation and its advantages.

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Key players operating in the Telerehabilitation Systems Market are Reflexion Health, Inc., 270 Vision Ltd., CoRehab srl, Hinge Health, Inc., SWORD Health, S.A., MIRA Rehab Limited, re.flex, Neuro Rehab VR, Evolv Rehabilitation Technologies S.L., Yancheng Tianrun Medical Technology Co., Ltd., Tyromotion GmbH, Brontes Processing Ltd., Bridgeway Senior Healthcare, Rehametrics, Geminus-Qhom, MindMaze, DIH Medical, and Doctor Kinetic.

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