Virtual Rehabilitation and Telerehabilitation Systems Market Size [2031]
Virtual Rehabilitation and Telerehabilitation Systems Market Size [2031]
Segments - Virtual Rehabilitation and Telerehabilitation Systems Market by Type (Cognitive Rehabilitation, Physical Rehabilitation, Neuro Rehabilitation, and Others), End-user (Home Care Settings, Hospitals & Clinics, Rehabilitation Centers, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-5642
| 4.7 Rating
| 54 Reviews
| 189 Pages
| Format :
Report Description
The global virtual rehabilitation and telerehabilitation systems market size was valued at USD 355 million in 2022 and is likely to reach USD 1641.1 million by 2031, expanding at a CAGR of 19.7% during 2023 – 2031. The growth of the market is attributed to the growing demand for accessible and convenient telemedicine and remote monitoring healthcare services.
Increasing geriatric population with mobility limitations and a rise in chronic health conditions are fueling the growth of the virtual rehabilitation and telerehabilitation systems market. These systems offer convenient and sustainable solutions for addressing various healthcare needs. They enable regular monitoring and support for individuals suffering from long-term medical conditions.
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As per the report released by the National Library of Medicine in September 2020, around 35% of people who are 70 years old, and most of those who are over 85, have a higher risk of mobility limitations. Mobility limitations lead to hospitalization, mortality, increased fall risk, and lower quality of life.
Virtual rehabilitation and telerehabilitation systems leverage modern technology to offer therapeutic and rehabilitation services to remote patients. This technology uses a combination of specialized software and various digital devices to facilitate therapeutic interventions and exercises. Moreover, individuals living in remote areas or those suffering from mobility issues require these types of rehabilitation services. This expanded access leads to earlier interventions and improved outcomes for patients.
The research report states that the COVID-19 pandemic has boosted the market. The pandemic forced healthcare providers to seek alternative ways to deliver care while minimizing physical contact. This increased the use of virtual rehabilitation and telerehabilitation systems. Furthermore, increased investment during the pandemic in improving telerehabilitation and rehabilitation technology infrastructure propelled the market.
Artificial Intelligence (AI) Impact on Virtual Rehabilitation and Telerehabilitation Systems Market
Emergence of artificial intelligence is contributing to the market growth. AI-powered algorithms analyze vast amounts of patient data to personalize therapy programs to meet patients' specific needs. This technology helps to track patient movements during rehabilitation exercises providing real-time feedback and corrections. Moreover, AI-driven predictive analytics anticipate patient needs and progress which enables healthcare providers to intervene effectively.
Virtual Rehabilitation and Telerehabilitation Systems Market Dynamics
Major Drivers
Growing demand for remote healthcare services is driving the market. Virtual healthcare services provide a convenient alternative to in-person visits to hospitals or clinics. The rehabilitation and telerehabilitation system is beneficial for those who live far from medical facilities or those with mobility limitations. Additionally, an increasing number of patients using remote monitoring services are further boosting the market.
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According to a report, in 2020, over 23 million patients are expected to use remote patient monitoring technology; by 2025, it is estimated that 70.6 million American patients will use such devices.
Existing Restraints
High cost associated with virtual system devices is expected to hamper the market. Hospitals and healthcare facilities often operate within tight budgets. Investing in costly equipment trains their financial resources and leads to a decrease in adopting these systems. Furthermore, the lack of healthcare professionals to properly utilize these systems further reduces the market demand for virtual rehabilitation and telerehabilitation systems.
Emerging Opportunities
Ongoing research and integration of virtual technology with smart wearables are expected to create immense opportunities for the players competing in the market. Wearables provide real-time data for monitoring and personalizing therapy programs. Moreover, manufacturers are developing advanced and user-friendly virtual rehabilitation solutions which is expected to propel the market.
Scope of the Virtual Rehabilitation and Telerehabilitation Systems Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Virtual Rehabilitation and Telerehabilitation Systems Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Cognitive Rehabilitation, Physical Rehabilitation, Neuro Rehabilitation, and Others) and End-user (Home Care Settings, Hospitals & Clinics, Rehabilitation Centers, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
270 Vision Ltd; CoRehab srl; Sword Health, Inc; MIRA Rehab Limited; Bridgeway Senior Healthcare; Motek Medical B.V.; GestureTek technologies; Rehametrics; Virtualware; Neuro Rehab VR; LiteGait; and MindMaz |
Virtual Rehabilitation and Telerehabilitation Systems Market Segment Insights
Type Analysis
Based on types, the virtual rehabilitation and telerehabilitation systems market is divided into cognitive rehabilitation, physical rehabilitation, neuro rehabilitation, and others. The physical rehabilitation segment is anticipated to register robust growth in the market, owing to the majority of people around the world suffering from musculoskeletal injuries, post-surgical recovery, and mobility issues. Virtual systems cater to a broad patient base making it one of the preferable forms of rehabilitation. Furthermore, virtual systems offer tailored exercises and interventions to address specific physical needs which further boosts their demand in the market.
End-user Analysis
In terms of end-user, the virtual rehabilitation and telerehabilitation systems market is fragmented into home care settings, hospitals & clinics, rehabilitation centers, and others. The hospital & clinics segment is expected to hold a key market share during the projected period, due to growing demand for hospital-based remote patient monitoring services and telemedicine. The integration of virtual systems allows them to extend their expertise to a broader patient base, delivering high-quality care even to individuals located in remote locations. Moreover, the presence of medical specialists and therapists who offer expert guidance in rehabilitation contributes to propelling this segment in the market.
The rehabilitation centers segment is projected to register a considerable CAGR during the forecast period, as these centers serve a wide and diverse range of patients recovering from surgeries, injuries, stroke, and chronic conditions. This broad patient base requires virtual rehabilitation services tailored to individual needs for post-surgery physical therapy to cognitive rehabilitation for stroke survivors. Furthermore, virtual rehabilitation systems provide a well-rounded approach to this center's multi-disciplinary programs for better patient care outcomes which further boosts the market.
Regional Outlook
In terms of region, the global virtual rehabilitation and telerehabilitation systems market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market, due to its highly developed and well-established healthcare systems. This system allows seamless integration of virtual rehabilitation and telerehabilitation systems into existing healthcare practices. Moreover, American companies and research institutions are developing new virtual rehabilitation solutions that contribute to the growth of the market in this region.
The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to the rising and diverse population. This presence of a large population creates a substantial demand for telehealth and virtual healthcare solutions, including rehabilitation services. Additionally, many parts of Asia Pacific consist of rural and remote areas with limited access to healthcare. Virtual rehabilitation provides remote access to therapy and rehabilitation services in these inaccessible areas which further fuels the market in this region.
- According to a research report by the International Labor Organization, in December 2021, approximately 1.6 billion people in the Asia Pacific region lack access to quality healthcare.
Segments
The global virtual rehabilitation and telerehabilitation systems market has been segmented on the basis of
Type
- Cognitive Rehabilitation
- Physical Rehabilitation
- Neuro Rehabilitation
- Others
End-user
- Home Care Settings
- Hospitals & Clinics
- Rehabilitation Centers
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 270 Vision Ltd
- Bridgeway Senior Healthcare
- CoRehab srl
- GestureTek technologies
- LiteGait
- MindMaz
- MIRA Rehab Limited
- Motek Medical B.V.
- Neuro Rehab VR
- Rehametrics
- Sword Health, Inc
- Virtualware
Competitive Landscape
Key players competing in the global virtual rehabilitation and telerehabilitation systems market are 270 Vision Ltd; Sword Health, Inc; CoRehab srl; MIRA Rehab Limited; Bridgeway Senior Healthcare; Motek Medical B.V.; GestureTek technologies; Rehametrics; Virtualware; Neuro Rehab VR; LiteGait; and MindMaz
These companies are boosting their market share by adopting various strategies such as partnerships, mergers, reduction in production costs, launching new products, and implementing advanced technologies.
On November 15, 2022, Penumbra Inc., a medical device manufacturer, announced the launch of its first full-body virtual reality-based and hands-free solution for rehabilitation. This latest product is part of the REAL y-Series. It is a comprehensive immersive healthcare platform that has been designed to address a wide range of conditions and has the potential to support over 50 million rehab patients in the US.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Virtual Rehabilitation and Telerehabilitation Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Virtual Rehabilitation and Telerehabilitation Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Virtual Rehabilitation and Telerehabilitation Systems Market - Supply Chain
4.5. Global Virtual Rehabilitation and Telerehabilitation Systems Market Forecast
4.5.1. Virtual Rehabilitation and Telerehabilitation Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Virtual Rehabilitation and Telerehabilitation Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Virtual Rehabilitation and Telerehabilitation Systems Market Absolute $ Opportunity
5. Global Virtual Rehabilitation and Telerehabilitation Systems Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Types
5.3.1. Cognitive Rehabilitation
5.3.2. Physical Rehabilitation
5.3.3. Neuro Rehabilitation
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Virtual Rehabilitation and Telerehabilitation Systems Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by End Users
6.3.1. Home Care Settings
6.3.2. Hospitals & Clinics
6.3.3. Rehabilitation Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Virtual Rehabilitation and Telerehabilitation Systems Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Virtual Rehabilitation and Telerehabilitation Systems Demand Share Forecast, 2019-2026
8. North America Virtual Rehabilitation and Telerehabilitation Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Types
8.4.1. Cognitive Rehabilitation
8.4.2. Physical Rehabilitation
8.4.3. Neuro Rehabilitation
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by End Users
8.7.1. Home Care Settings
8.7.2. Hospitals & Clinics
8.7.3. Rehabilitation Centers
8.7.4. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Virtual Rehabilitation and Telerehabilitation Systems Demand Share Forecast, 2019-2026
9. Latin America Virtual Rehabilitation and Telerehabilitation Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Types
9.4.1. Cognitive Rehabilitation
9.4.2. Physical Rehabilitation
9.4.3. Neuro Rehabilitation
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by End Users
9.7.1. Home Care Settings
9.7.2. Hospitals & Clinics
9.7.3. Rehabilitation Centers
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Virtual Rehabilitation and Telerehabilitation Systems Demand Share Forecast, 2019-2026
10. Europe Virtual Rehabilitation and Telerehabilitation Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Types
10.4.1. Cognitive Rehabilitation
10.4.2. Physical Rehabilitation
10.4.3. Neuro Rehabilitation
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by End Users
10.7.1. Home Care Settings
10.7.2. Hospitals & Clinics
10.7.3. Rehabilitation Centers
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Virtual Rehabilitation and Telerehabilitation Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Virtual Rehabilitation and Telerehabilitation Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Types
11.4.1. Cognitive Rehabilitation
11.4.2. Physical Rehabilitation
11.4.3. Neuro Rehabilitation
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by End Users
11.7.1. Home Care Settings
11.7.2. Hospitals & Clinics
11.7.3. Rehabilitation Centers
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Virtual Rehabilitation and Telerehabilitation Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Virtual Rehabilitation and Telerehabilitation Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by Types
12.4.1. Cognitive Rehabilitation
12.4.2. Physical Rehabilitation
12.4.3. Neuro Rehabilitation
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Virtual Rehabilitation and Telerehabilitation Systems Market Size and Volume Forecast by End Users
12.7.1. Home Care Settings
12.7.2. Hospitals & Clinics
12.7.3. Rehabilitation Centers
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Virtual Rehabilitation and Telerehabilitation Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Virtual Rehabilitation and Telerehabilitation Systems Market: Market Share Analysis
13.2. Virtual Rehabilitation and Telerehabilitation Systems Distributors and Customers
13.3. Virtual Rehabilitation and Telerehabilitation Systems Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. 270 Vision Ltd
13.4.2. Bridgeway Senior Healthcare
13.4.3. CoRehab srl
13.4.4. GestureTek technologies
13.4.5. LiteGait
13.4.6. MindMaz
13.4.7. MIRA Rehab Limited
13.4.8. Motek Medical B.V.
13.4.9. Neuro Rehab VR
13.4.10. Rehametrics
13.4.11. Sword Health, Inc
13.4.12. Virtualware
Methodology
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