The Business Research Company's Latest Report Forecasts Virtual Rehabilitation Market to Reach $1.58 Billion by 2028, Growing at 24.3% CAGR

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Virtual Rehabilitation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.58 billion In 2028 At A CAGR Of 24.3%:

The virtual rehabilitation market size has grown exponentially in recent years. It will grow from $0.53 billion in 2023 to $0.66 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to increasing cases of disability among population, increasing use of virtual reality in treating patients, increasing adoption of VR technology in healthcare.

The virtual rehabilitation market size is expected to see exponential growth in the next few years. It will grow to $1.58 billion in 2028 at a compound annual growth rate (CAGR) of 24.3%. The growth in the forecast period can be attributed to population rapidly aging, increasing prevalence of non-communicable diseases, increasing various policies supporting virtual rehabilitation, growing emphasis on patient-centric healthcare. Major trends in the forecast period include product innovations, partnerships, advancements in virtual rehabilitation, newer technology and smoother internet connections.

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Virtual Rehabilitation Market Major Segments
The virtual rehabilitation market covered in this report is segmented -

1) By Type: Physical Rehabilitation, Neuro And Cognitive Rehabilitation, Other Types
2) By Patient Type: Short Term Patients, Long Term Patients
3) By End-User: Inpatient Rehabilitation Hospitals, Rehabilitation Centers And Clinics, Home Care Settings

Key Driver - Surge in the Number of Cases of Disabilities Among the Population is Accelerating The Virtual Rehabilitation Market

The increasing prevalence of disability is expected to propel the growth of the virtual rehabilitation market going forward. Disability refers to a physical, cognitive, sensory, or mental condition that significantly impairs an individual's ability to perform everyday activities, participate fully in society, or engage in typical life roles. Virtual rehabilitation helps the disabled population by providing remote access to therapeutic interventions and personalized exercises through virtual platforms. It also helps the disabled population by providing remote access to therapeutic interventions and personalized exercises through virtual platforms. For instance, in March 2023, according to the World Health Organization, a Switzerland-based international public health organization, around 1.3 billion people across the globe, constituting 16% of the total global population, have disabilities. Therefore, the increasing prevalence of disability among the population is driving the growth of the virtual rehabilitation market.

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Prominent Trend - Revolutionizing Rehabilitation Penumbra's REAL System And The Advancement Of Virtual Rehabilitation Platforms In Healthcare

Major companies operating in the virtual rehabilitation market are developing advanced virtual rehabilitation platforms such as multi-disciplinary rehabilitation tool to gain a competitive edge in the market. A multi-disciplinary rehabilitation tool refers to a comprehensive approach to rehabilitation that involves professionals from various disciplines working collaboratively to address the needs of individuals recovering from illness, injury, or disability. For instance, in November 2022, Penumbra, a US-based medical company, launched the first hands-free, full-body virtual reality-based offering for rehabilitation, expanding its REAL System platform. It is the only hands-free, non-tethered virtual reality rehabilitation platform to address both upper and lower extremities with a full-body immersive experience. Clinicians can customize exercises and activities to challenge, motivate, and engage patients and track their progress. The REAL System platform leverages virtual reality to deliver immersive healthcare designed to promote better health, including furthering functional skills, cognition, and stress management.

Virtual Rehabilitation Market Players
Major companies operating in the virtual rehabilitation market report are SWORD Health, Hinge Health Inc., Meden-Inmed, BO&BO Ltd., Saebo Inc., Mindmaze, Bridgeway Senior Healthcare, Motek Medical B.V., XRHealth (VRHealth), Tyromotion GmbH, Brontes Processing, LiteGait, GestureTek Health, CSE Entertainment UK , Rehab-Robotics, Virtualware Group, MIRA Rehab Limited, Myelin-H, Motorika, Doctor Kinetic, Agile Virtual PT, Cogniv Technologies, Immersive Rehab, Neuro Rehab VR, Rehametrics, Neuro Rehab VR, CoRehab srl, Accelerated Care Plus Corporation, Euleria S.R.L

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Largest And Fastest Growing Region In The Market
North America was the largest region in the virtual rehabilitation market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual rehabilitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Virtual Rehabilitation Market Report Structure
3. Virtual Rehabilitation Market Trends And Strategies
4. Virtual Rehabilitation Market - Macro Economic Scenario
5. Virtual Rehabilitation Market Size And Growth
…..
27. Virtual Rehabilitation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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