Press release
Digital Musculoskeletal (MSK) Care Market Report- Expansive Coverage on the Profit Sources
The Global Digital Musculoskeletal (MSK) Care Market is valued at US$ XX Mn in 2023, and it is expected to reach US$ XX Mn by 2031, with a CAGR of XX% during the forecast period of 2024-2031.
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The Digital MSK Care market is growing rapidly in the health care space as the prevalence of musculoskeletal disorders increases along with the requirement for innovative, accessible, and cost-effective health care options. Digital MSK care uses technology to take care of diagnosis, treatment, and management of bone, joint, muscle, and connective tissue disorders through telemedicine consultations, remote monitoring, self-assessment platforms, virtual physical therapy, and advanced pain management therapies. These tools are designed with the potential to increase patient outcomes because they minimize the requirement for in-person visits to make health care more accessible, especially to remote or underserved areas.
Digital MSK care encompasses various applications and tools that include telehealth; these facilitate access for people to have virtual consultations, there's remote monitoring with symptoms being tracked in real-time, self-management tools enable education and resources for self-care, and virtual rehabilitation offering guided exercises with adherence to treatment plans. Some of the main solutions in this arena are telemedicine platforms, wearable devices, mobile apps, and AI-based tools for more personalized care. Digital MSK care can transform the management and care of musculoskeletal conditions through increased accessibility, better patient engagement, and a reduced burden on healthcare services.
List of Prominent Players in the Digital Musculoskeletal (MSK) Care Market:
• Hinge Health
• Sword Health
• Omada Health
• Kaia Health
• Upswing Health
• RecoveryOne
• Spinezone
• Dario Health
• IncludeHealth
• Vori Health
• getUbetter
• RealizedCare
• Bardavon health innovations
• Rejoy Health
• Risalto Health
Market Dynamics:
Drivers-
The growth of the digital musculoskeletal (MSK) care market is driven by several key factors reflecting the evolving healthcare landscape and the need for innovative solutions for musculoskeletal disorders. When 1.7 billion people worldwide suffer from a combination of arthritis, chronic back pain, and osteoporosis, there is a strong case for effective management to improve outcomes and reduce disability rates. An upswing in telehealth and remote monitoring, largely because of the COVID-19 pandemic, has enabled virtual consultations and constant monitoring. Improvements in wearable technology allow for real-time monitoring of movement and posture, which aids in guiding individualized treatment and facilitates early intervention. The focus of value-based care is shifting to patient outcomes and cost-effectiveness, for which digital MSK solutions help significantly. Further stimulating the demand would be elderly population as older adults are more likely to suffer from musculoskeletal conditions and thus need personalized digital health options, where available.
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Challenges:
There are several challenges that may limit the growth of digital musculoskeletal (MSK) care: The solutions handle sensitive health information, which is vulnerable to cyberattacks, and therefore security and data privacy are major challenges in this regard. Integration with existing healthcare systems, especially EHRs, has been complex and remains so, so it inhibits successful coordination of care. On top of that, user adoption and engagement could be low and a long-term issue if the platforms aren't user-friendly, and low adoption is then reflected in how effectively patients and providers use the digital MSK solutions.
Regional Trends:
Infrastructural strength of healthcare IT and a large population affected by musculoskeletal disorders make North America dominate the digital MSK care market. Tens of millions of people in this region are suffering from common conditions such as arthritis and chronic back pain which create large demand for digital MSK solutions providing accessible and efficient care. Such advanced healthcare IT infrastructure supports seamless integration of telehealth and electronic health records and enables real-time data sharing and improved coordination in care. Investment in digital MSK companies reached around $1.6 billion in 2020 and reflected recognition of market potential, particularly for hybrid care models that conflate virtual and in-person services. This supports the trend toward value-based care, promotes patient satisfaction, adherence to treatment, and successful health outcomes.
Recent Developments:
• In May 2024, Hinge Health launched Hinge Health Global, a platform designed to provide personalized digital musculoskeletal (MSK) care for the global workforce, enabling multinational employers to address chronic pain through a single, unified solution.
• In Aug 2023, Omada Health became the first virtual MSK care provider to earn URAC telehealth accreditation. Its Omada for MSK program aims to improve access to high-quality MSK care, addressing a critical need as MSK conditions impact over half of U.S. adults and cost the healthcare system over $380 billion, surpassing expenses for diabetes, heart disease, and other chronic conditions.
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Segmentation of Digital Musculoskeletal (MSK) Care Market-
By Solution:
• Online/Virtual Consultations
• Pain Management Therapy Programs
• Remote Monitoring
• Others
By Condition:
• Back Pain
• Foot & Ankle Pain
• Knee & Lower Leg Pain
• Neck & Shoulder Pain
• Pelvis, Hip & Thigh Pain
• Others
By End User:
• Healthcare Providers
• Healthcare Payers
• Employers
• Individuals/Patients
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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