Press release
The Emergence of Telerehabilitation: A Game Changer for Healthcare Services
What is Telerehabilitation?'Telerehabilitation, also known as tele-rehab or e-rehabilitation, refers to the delivery of rehabilitation services through remote communication technology, such as videoconferencing, remote monitoring, and online portals. Telerehabilitation allows patients to receive rehabilitation services from a distance, removing barriers to access, improving convenience, and reducing the need for travel.
Telerehabilitation can be used to provide a variety of rehabilitation services, such as physical therapy, occupational therapy, speech therapy, and mental health counseling. It can be especially useful for people who have difficulty accessing traditional rehabilitation services due to distance, mobility issues, or other health conditions.
There are various types of telerehabilitation, including synchronous tele-rehab, which involves live videoconferencing sessions between patients and providers, and asynchronous tele-rehab, which involves pre-recorded videos and other online resources for patients to access on their own time.
While telerehabilitation has shown promise in improving access to rehabilitation services, it also comes with its own challenges, such as the need for specialized equipment, the potential for technical difficulties, and limitations in the ability to provide hands-on assessments and interventions. However, with advances in technology and the increasing demand for remote healthcare services, telerehabilitation is likely to continue to grow in popularity and use in the coming years.
CAGR: 13.5%
• Current Market Size: USD 3.7 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2030
• Base Year: 2021
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Telerehabilitation market
The telerehabilitation market has been growing in recent years, driven by the increasing demand for remote healthcare services and advancements in telecommunication and digital technologies. According to a report by MarketsandMarkets, the global telerehabilitation market is expected to grow from USD 4.6 billion in 2020 to USD 13.9 billion by 2025, at a compound annual growth rate (CAGR) of 24.2%.
Factors driving the growth of the telerehabilitation market include the increasing prevalence of chronic diseases and disabilities, the shortage of healthcare professionals, and the growing adoption of telehealth technologies by healthcare providers. In addition, the COVID-19 pandemic has accelerated the adoption of telehealth and telerehabilitation services, as people have been avoiding in-person visits to healthcare facilities.
North America is currently the largest market for telerehabilitation, due to the well-established healthcare infrastructure, high adoption of technology, and favorable reimbursement policies. However, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period, due to the increasing healthcare expenditure and rising awareness of telehealth technologies in emerging countries.
The telerehabilitation market includes a variety of players, ranging from startups to established companies, offering various tele-rehab products and services. Some of the key players in the market include Koninklijke Philips N.V., Medvivo Group Ltd., Tunstall Healthcare Group Ltd., MDLive Inc., and Teladoc Health, Inc.
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The global telerehabilitation market size was valued at $3.7 billion in 2021, and is estimated to reach $12.9 billion by 2031, growing at a CAGR of 13.5% from 2022 to 2031.
CAGR: 13.5%
• Current Market Size: USD 3.7 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2031
• Base Year: 2021
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