At 19.2% CAGR, Virtual Rehabilitation and Telerehabilitation Systems Market to Surpass US$ 785.1 Million by 2027 | Growing Application of Virtualization in Upcoming Years

The latest research report provides a complete analysis of the Global Virtual Rehabilitation and Telerehabilitation Systems Market for the forecast year 2020-2027, which is beneficial for companies regardless of their size and revenue. This survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years. The market strategies undertaken, with respect to the current and future scenario of the industry, have also been listed in the study.

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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. For instance, according to the data published by American Congress of Rehabilitation Medicine (ACRM), in 2015, in-clinic intervention resulted in more expenses than the telerehabilitation intervention (US$ 654.72 per person). Hence, low price of virtual rehabilitation and telerehabilitation systems is expected to increase adoption of these systems and in turn propel the market growth over the forecast period.

Increasing cases of disability among the population is expected to boost demand for virtual rehabilitation and telerehabilitation system, thereby driving growth of the virtual rehabilitation and telerehabilitation systems market. According to the data published by the World Health Organization (WHO) in January 2018, over one billion people, i.e. around 15% of the world's population, have some form of disability. Globally, between 110 million and 190 million adults have significant difficulties in functioning. Moreover, in 2018, musculoskeletal conditions was the second highest contributor to global disability accounting for 16% of all cases of disability

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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.

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Detailed Segmentation:

Global Virtual Rehabilitation And Telerehabilitation Systems Market, By Product Type
Physical Rehabilitation
Neuro Rehabilitation
Cognitive Rehabilitation
Others
Global Virtual Rehabilitation And Telerehabilitation Systems Market, By End User:
Hospitals & Clinics
Rehabilitation Centers
Home Care Settings

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