Telerehabilitation Market By Application (Physical Therapy, Occupational Therapy, Speech Therapy), By Component (Products, Services), By End User (Healthcare Providers, Homecare): Global Opportunity Analysis and Industry Forecast, 2021-2031
Rehabilitation is process where a handicapped person back to a normal life through training and therapy. The delivery of rehabilitation services through internet is called as telerehabilitation or e-rehabilitation. Telerehabilitation includes physical therapy, occupational therapy, and speech language audiology therapy, deployment of virtual reality (VR), tele-robotic therapy and gamification through advanced technologies. The proliferation of smart devices, and ability of high-quality video transmission, opened up the possibility of delivering remote healthcare to patients in their homes, workplaces or assisted living facilities as an alternative to in-person visits for both primary and specialty care.
The growth of the global telerehabilitation market is majorly driven by increase in demand for telerehabilitation services owing to increase in prevalence of neurodegenerative disease such as Alzheimer disease, stroke, and Parkinson’s disease. In addition, rise in advanced healthcare technologies such as telehealth contributes toward the market growth. Furthermore, increase in awareness regarding telerehabilitation services in developed countries such as the U.S. boosts the market growth.
Moreover, reduction in healthcare cost due to availability of telerehabilitation services fuel the market growth. However, poor infrastructure and technological barrier in underdeveloped countries and data breach of patient's information may hinder the market growth. For instance, according to the World Economic Forum, cyber-attacks are considered as the top five risks to global stability. This is projected to adversely affect the results and credibility of the companies, thereby impeding the market growth. Conversely, high focus of industry players for launching of new products & technologies and high growth potential in developing economies are anticipated to provide lucrative opportunities to the market players.
The global telerehabilitation market is segmented on the basis of application, component, end user, and region. By application, it is bifurcated into physical therapy, occupational therapy and speech therapy. On the basis of component it is segmented into products and services. The products segment further includes software and hardware. By end user, the market is classified into, healthcare providers and homecare. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players profiled in the report include American Well Corporation, Hinge Health, Inc., Humanus Corporation, Included Health, Inc. (Doctor on Demand, Inc.), Care Innovations, LLC., Koninklijke Philips N.V., MIRA Rehab Limited, NeuroTechR3, Inc., PT Genie, UniQuest Pty Limited (NeoRehab).
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the telerehabilitation market analysis from 2021 to 2031 to identify the prevailing telerehabilitation market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the telerehabilitation market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global telerehabilitation market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Physical Therapy
Occupational Therapy
Speech Therapy
By Component
Products
Type
Software
Hardware
Services
By End User
Healthcare Providers
Homecare
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Saudi Arabia
South Africa
Rest of LAMEA
Brazil
Key Market Players
American Well Corporation
Care Innovations, LLC.
Hinge Health, Inc.
Humanus Corporation
Included Health Inc. (Doctor on Demand, Inc.)
Koninklijke Philips N.V.
MIRA Rehab Limited
NeuroTechR3, Inc.
PT Genie
UniQuest Pty Limited (NeoRehab)
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