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Telerehabilitation Market to surpass USD 11.39 Billion by 2030 owing to patients are increasingly looking for medical aid that is convenient and simple to use.

02-05-2024 12:31 PM CET | Health & Medicine

Press release from: SNS Insider Pvt Ltd

Telerehabilitation Market

Telerehabilitation Market

Based on SNS Insider's research, the American Telemedicine Association's Telemedicine Special Interest Group Special is a key resource for rehabilitation professionals who want to incorporate information and communication technologies into clinical best practices, advocacy, and the delivery of rehabilitation services.

Market Size-

The SNS Insider report indicates that the Telerehabilitation Market was valued at USD 3.70 Billion in 2022, and is expected to reach market size of USD 11.39 Billion by 2030, with a compound annual growth rate (CAGR) of 15.1% expected over the forecast period from 2023 to 2030.

Market Report Scope -

Telerehabilitation includes a range of rehabilitation services including evaluation, assessment, monitoring, prevention, intervention, supervision, education, consultation and coaching which include the provision of rehabilitation through various technologies. The telerehabilitation market is being driven by increase in geriatric population as they are more susceptible to acquire chronic and neurodegenerative diseases, thus increasing the demand for telerehabilitation.

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Key players
-American Well,
-Hinge Health, Inc.,
-Doctor on Demand, Inc.,
-MIRA Rehab Limited,
-Cisco, Koninklijke Philips N.V,
-Jintronix, C3O telemedicine,
-Care Innovation, LLC.,
-NeoRehab
-and other players.

Market Growth Factors-

The growth of the market is expected to be driven by increasing demand for virtual consultation services and growing acceptance of telerehabilitation solutions. Increasing aging population and patients suffering from mental health conditions have significantly contributed to increasing adoption telerehabilitation services, as telerehabilitation offers a convenient and cost-effective way of real time assessment of the patient's environment, improves patient satisfaction and enhance quality of life remotely. The COVID-19 pandemic had accelerated the adoption of telehealth and virtual care platforms, as patients and healthcare providers seek to limit in-person interactions.

Segmentation Analysis -

By Type
-Services
-Products

By Application
-Physical Therapy
-Occupational Therapy
-Chronic Diseases
-Others

By End-User
-Homecare
-Healthcare Facilities

The software segment accounted for 60.8% of the market in 2022, as measured by components. As a result of the assistance provided to healthcare systems, uptake of different software has increased significantly. Software also helps to achieve greater levels of engagement and improves results. The segment is expected to grow at a faster rate due to the increasing demand for reducing rapidly rising healthcare costs, growing need for accurate and timely information supply as well as an increased cost of patient care.

In 2022, orthopedics accounted for a market share of 32.5%, driven by the swift adoption of telerehabilitation services between orthopaedic surgeons on account of its effectiveness. According to Kinex Medical's report, approximately 62.0% of orthopedic surgeons are interested in facilitating telerehabilitation for their patients. According to the study, Telerehabilitation of Knee Joints in Patients with Polytrauma, orthopedic surgeons took significantly less time consulting patients during telerehabilitation than usual rehabilitation. In addition, patients were more satisfied with telerehabilitation using a machine learning algorithm than traditional rehabilitation by an orthopedic surgeon.

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Key Regional Development -

In 2022, North America, with a market share of 41.6%, had the largest market. The key drivers of market growth are the existence of innovative healthcare technologies and an increase in evisits. A new law enabling health insurance to be purchased by businesses, better access to healthcare services and support for the development of telehealth technologies in this region will help consumers. In addition, the market growth is being fueled by a growing prevalence of chronic diseases and well developed health care infrastructure.

The Asia Pacific region is expected to grow at a faster rate. In Japan, the growing elderly population is driving the use of telerehabilitation services. The provision of telerehabilitation services has enormous potential for investment, as emerging countries like India and China are experiencing the development of healthcare infrastructure with a low ratio of doctors to patients. In order to stimulate market growth in this region, various government initiatives are being undertaken with respect to the promotion of Digital Health Technologies.

Key Takeaway from Telerehabilitation Market Study-

Due to factors such as increased demand for telerehabilitation services, the Global Telerehabilitation Market is expected to experience a considerable growth potential. In addition, market growth is being driven by a rise in physical therapy services due to increasing incidences of injuries, accidents and disabilities.

In addition, due to the increase in the elderly population, which is more susceptible to developing chronic and neurodegenerative diseases, North America is expected to experience the highest revenue growth. However, due to the increase in healthcare infrastructure and increased use of advanced technologies for rehabilitation over the forecast period, Asia Pacific is expected to experience considerable growth.

Recent Development Related to Telerehabilitation Market -

In 2022, Telehealth initiatives were launched by the Technology Information Forecasting and Assessment Board, an independent organisation within the Ministry of Science and Technology in India to assist patients living in remote regions.

In June, 2021, New technologies could be the future of rehabilitation, according to EvolvRehab, a provider of innovative solutions for rehab. In fact, more and more resources are being put towards developing efficient rehabilitation programmes as time goes by. In order to increase the interest and motivation of patients and to participate in the exercise programme of occupational therapy sessions, the use of rehabilitation systems using new technologies and the idea of providing an attractive method of rehabilitation to patients. Virtual rehabilitation is a great resource of rehabilitation through which a complete exercise program is carried out, and it is necessary for the treatment of people with Multiple Sclerosis (MS) and other neurodegenerative diseases.

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Table of Contents

1.Introduction

2.Research Methodology

3.Market Dynamics

4.Impact Analysis

4.1COVID-19 Impact Analysis

4.2.Impact of Ukraine- Russia war

4.3.Impact of Ongoing Recession on Major Economies

5.Value Chain Analysis

6.Porter's 5 Forces Model

7.PEST Analysis

8.Telerehabilitation Market Segmentation, By Type

9.Telerehabilitation Market Segmentation, By Application

10.Telerehabilitation Market Segmentation, By End-User

11.Regional Analysis

12.Company Profile

13 Competitive Landscape

14.USE Cases and Best Practices

15.Conclusion

continued

Access Complete Report Details with Toc and Graphs@ https://www.snsinsider.com/reports/telerehabilitation-market-3438

Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com

About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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