Telerehabilitation Market- Overview
Telerehabilitation, also referred to as e-rehabilitation, is the delivery of rehabilitation services over a telecommunications network and the Internet. Healthcare providers can diagnose patients and provide therapy remotely using telerehabilitation services. Hospitals are overcrowded with COVID-19-positive patients, putting more strain on the medical staff. In addition, fewer people visited hospitals and clinics because medical procedures and appointments were postponed or cancelled. Doctors must adopt telehealth immediately if they want to communicate with their patients. Psychology, the field of occupational therapy, audiology, speech-language pathology, physiotherapy, and audiology are some medical specialties that use telerehabilitation. The industry for telerehabilitation is anticipated to grow at a CAGR of 15.90% to reach USD 14.3 billion by 2032. In addition, telerehabilitation significantly reduces the cost for patients.
It is anticipated that the global proliferation of mobile phones and the Internet and a growing acceptance of technological advancements in the healthcare industry will drive the telerehabilitation market. Additionally, both public and private organizations work on various projects. The prevalence of situations like cerebrovascular occurrences, brain trauma, and child development delays is expected to increase the requirement for telerehabilitation services globally. The demand for occupational, bodily, and language therapy contributes to the size of the telerehabilitation market. To lower the prevalence of chronic diseases, significant vendors are also investing in R&D for established telerehabilitation technologies, driving market expansion. The industry's growth is also anticipated to be fueled by the development of the network for communication and a decrease in healthcare costs. These ailments limit the patient's ability to move physically, which raises the need for these services.
Segmental Analysis
Hardware and software are included in the segment of telerehabilitation based on components. Clinical evaluation and clinical therapy are included in the market segmentation for telerehabilitation based on services. Physical and occupational therapy are included in the market segmentation for telerehabilitation based on therapy. Cardiovascular, orthopedic, neuroscience and pediatric telerehabilitation market segments are based on application.
Detailed Regional Analysis
North America accounted for the largest portion of the worldwide telerehabilitation market. The high prevalence of chronic diseases and the expansion of the healthcare infrastructure are primarily to blame. The market growth in this region is further fueled by the rise in innovations in technology for rehabilitation and the increased awareness of remote patient monitoring. Major corporations operating in the area are another factor that supports the market's expansion. However, due to factors like improved healthcare infrastructure and an increase in cases of brain disorders, Asia-Pacific is anticipated to experience the highest growth throughout the forecast period. The telerehabilitation market analysis also predicts that innovation and advancement in the telecommunications sector will further boost the market growth in this region.
Competitive Analysis
Government support is expected to speed up the expansion of the worldwide market in the upcoming years. The emphasis on accumulating resource reserves for unintended occurrences is anticipated to affect future market trends. Operating techniques are expected to diversify globally as more advanced functioning and means of transport are adopted. The subsequent COVID incidents could recur in different areas, further expanding the market. Given the severely constrained work and supply structures, the market's growth capacity could be significantly hampered by the divergent restrictions across several regions. The market is still being researched and developed, so many exciting expansion opportunities should soon materialize.
The Telerehabilitation market players are include MIRA Rehab Limited, Koninklijke Philips N.V, Cisco, NeoRehab, American Well, Doctor On Demand, Inc., Hinge Health, Inc., Jintronix, C3O telemedicine, Care Innovation, LLC., Bosch Healthcare, Cloud Physio and Medvivo Group are the leaders in the market.
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