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Impact of (Covid-19) Anaysis On Telerehabilitation Systems Market Hampering the growth of Largest Market Share

02-22-2021 08:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: business news

Telerehabilitation Systems Market

Telerehabilitation Systems Market

Telerehabilitation playing a vital role during this pandemic situation being one of best delivery of rehabilitation services over telecommunication network and internet. Telerehabilitation can deliver therapy to people who cannot travel to a clinic because the patient has a disability or because of travel time. In this situation people will prefer this service through webcams, videoconferencing, phone lines, videophones and webpages containing rich Internet applications which is expected to increase the demand of telerehabilitation system

The complete version of the report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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A telerehabilitation system is the equipment used for treatment in substance abuse, and application in educational services and mental health programs. Telerehabilitation services help medical professionals to analyze, supervise, consult, and diagnose diseases. Telerehabilitation services can be provided by healthcare service providers in medical branches such as physiotherapy.

Low price of virtual rehabilitation and telerehabilitation systems is expected to propel the telerehabilitation systems market growth in the near future. The cost of implementing virtual rehabilitation and telerehabilitation systems is affordable for both healthcare providers and patients compared to conventional in-clinic or person-to-person rehabilitation. For instance, according to data published by the 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).

Key players in the 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.

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.

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