Press release
Virtual Rehabilitation Market Set to Reach $1.98 Billion by 2029 with 24.5% Yearly Growth
Virtual Rehabilitation Market Size
The market size of virtual rehabilitation has seen a significant expansion in the last few years. Anticipations are that it will increase from $0.66 billion in 2024 to $0.82 billion in 2025, boasting a compound annual growth rate (CAGR) of 24.1%. The growth witnessed in the past years can be credited to a rise in disability cases among the population, a heightened utilization of virtual reality in patient treatment, and an increased embrace of VR technology within the healthcare sector.
In the coming years, a substantial surge is anticipated in the size of the virtual rehabilitation market, with predictions putting it at $1.98 billion by 2029 and a compound annual growth rate (CAGR) of 24.5%. The notable growth expected during this forecast period can be linked to factors such as rapidly aging demographics, a rise in non-communicable diseases, growth in policies that back virtual rehabilitation, and a shift towards patient-centric healthcare. The forecast period is also likely to witness key trends like product innovation, strategic partnerships, advancements in virtual rehabilitation technology as well as enhanced internet connectivity.
What Are the Forces Behind the Rapid Growth of the Virtual Rehabilitation Market?
The surge in disability prevalence is projected to fuel the expansion of the virtual rehabilitation market in the future. A disability implies a physical, cognitive, sensory, or mental ailment that significantly hinders an individual's capacity to undertake regular activities, fully engage in societal interactions, or execute normal life roles. Virtual rehabilitation supports the disability-stricken population by offering remote access to therapeutic treatments and custom exercises via virtual platforms. For instance, in March 2023, the World Health Organization - a public health establishment based in Switzerland, highlighted that around 1.3 billion people, making up 16% of the total world population, were disabled. Hence, the rise in disability prevalence among the population is pushing forward the expansion of the virtual rehabilitation market.
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Who Are the Dominant Companies Influencing Virtual Rehabilitation Market Trends?
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
How Is the Virtual Rehabilitation Market Evolving?
Major corporations in the virtual rehabilitation market are developing more advanced platforms, such as multi-disciplinary rehabilitation tools, in an effort to remain competitive. A multi-disciplinary rehabilitation tool is a comprehensive, collaborative approach to rehabilitation that involves various professions tackling the needs of individuals recovering from sickness, injury, or disability. For instance, Penumbra, an American medical firm, introduced the first-ever full-body, hands-free virtual reality system for rehabilitation, part of its REAL System platform, in November 2022. The platform, which is the only hands-free, untethered virtual reality rehabilitation platform available, caters to both lower and upper extremities, offering patients a complete full-body immersive experience. Healthcare professionals can tailor exercises and activities to challenge, engage, and stimulate patients while tracking their improvements. The REAL System platform uses virtual reality to offer immersive healthcare with the aim to enhance overall health, including improving functional skills, cognitive abilities, and stress management.
What Are the Different Segmentations in the Virtual Rehabilitation Market?
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
Subsegments:
1) By Physical Rehabilitation: Musculoskeletal Rehabilitation, Sports Injury Rehabilitation, Post-Surgery Rehabilitation
2) By Neuro And Cognitive Rehabilitation: Stroke Rehabilitation, Traumatic Brain Injury (TBI) Rehabilitation, Memory And Cognitive Skills Training
3) By Other Types: Pediatric Rehabilitation, Cardiac Rehabilitation, Geriatric Rehabilitation
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Which Region Is at the Forefront of the Virtual Rehabilitation Market?
North America was the largest region in the virtual rehabilitation market in 2024. 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.
What Is Covered In The Virtual Rehabilitation Global Market Report?
- Market Size Analysis: Analyze the Virtual Rehabilitation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Virtual Rehabilitation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Virtual Rehabilitation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Virtual Rehabilitation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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