Telerehabilitation Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Telerehabilitation Market
The telerehabilitation market size was valued at USD 3.32 billion in 2019, and the market is now projected to grow from USD 17.62 billion by 2032, exhibiting a CAGR of 13.7% during the forecast period of 2020-2027.
The telerehabilitation market growth has started to boom, especially with the outbreak of COVID-19 which highlighted the necessity of a proper telemedicine style in healthcare. They act as a link between patients, doctors and healthcare facilities and achieve this by arranging virtual consultations which minimize the possibility of spreading the virus. Patients are required to avoid contact with other people and stay at home, they are covered by receiving medical help virtually. Telehealth is one of the practices that hospitals are adjusting to increase and train human resources to achieve this. This shift focuses on prevention, care and effective treatment during the global health crisis.
The increasing geriatric population is accelerating the growth of the telerehabilitation market share. Traditional rehabilitation is difficult to access for the elderly because they are commonly diagnosed with chronic diseases and mobility limitations. Telerehabilitation offers the appropriate rehabilitation services at a distance and handles these issues successfully. It helps elderly patients acquire the necessary medical assistance more easily. This trend can be seen in how it assists in the healthcare needs of the growing elderly population.
Moreover, there has been a transition towards teleconsultancy, which is changing the mode of treatment from physical interaction between doctor and patient. It challenges patients from remote areas or even those with a disability, such as elderly patients. Virtual consultancies are time-saving, cost-effective and convenient for both patients and caregivers. They also open up a wider access population to quality healthcare services. This market is growing because it is believed to be highly efficient and easily accessible.
Comprehensive Analysis of Telerehabilitation Market
The telerehabilitation market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the healthcare industry. These segmentations are methodically segregated by type, by application and by end-user. The type includes, Products and Services. The application includes, Occupational Therapy, Physical Therapy, Chronic Diseases and Others. The end-user includes, Healthcare Facilities and Homecare.
North America was the largest market, earning USD 1.12 billion in 2019. A slow transition to virtual consultation, the growing number of e-visits and the availability of medical technologies also explain North America’s dominance.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, American Well (United States), Doctor On Demand, Inc. (United States), Hinge Health, Inc. (United States), MIRA Rehab Limited (UK), Koninklijke Philips N.V. (Netherlands), NeoRehab, Jintronix (United States), Care Innovations, LLC (United States) and Other Players. These market players provide a level-playing competitive landscape.
In January 2019, MedRisk decided to incorporate a new telerehab option into the on-site physical therapy offered to deliver adequate care to its clients with workers’ compensation injuries, regardless of location.
Segmentation Table
Global Telerehabilitation Market Scope
Study Period2016-2027
Base Year2019
Forecast Period2020-2027
Growth RateCAGR of 13.7% from 2020 to 2027
Historical Period2016-2018
UnitValue (USD Billion)
SegmentationBy Type, Application, End-User, and Region
By TypeProducts
Services
By ApplicationOccupational Therapy
Physical Therapy
Chronic Diseases
Others
By End-userHealthcare Facilities
Homecare
By RegionNorth America (the U.S., and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia- Pacific)
Latin America (Brazil, Mexico, and the Rest of Latin America)
The Middle East & Africa (South Africa, GCC and the Rest of Middle East & Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of Telerehabilitation Services
- 4.2. Reimbursement Scenario, By Key Countries
- 4.3. Recent Industry Developments (Mergers, Acquisitions, and Partnerships)
- 4.4. Impact of COVID-19 on Telerehabilitation
- 5. Global Telerehabilitation Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Services
- 5.2.2. Products
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Occupational Therapy
- 5.3.2. Physical Therapy
- 5.3.3. Chronic Diseases
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Healthcare Facilities
- 5.4.2. Homecare
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Telerehabilitation Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Type
- 6.2.1. Services
- 6.2.2. Products
- 6.3. Market Analysis – By Application
- 6.3.1. Occupational Therapy
- 6.3.2. Physical Therapy
- 6.3.3. Chronic Diseases
- 6.3.4. Others
- 6.4. Market Analysis – By End User
- 6.4.1. Healthcare Facilities
- 6.4.2. Homecare
- 6.5. Market Analysis – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Telerehabilitation Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Type
- 7.2.1. Services
- 7.2.2. Products
- 7.3. Market Analysis – By Application
- 7.3.1. Occupational Therapy
- 7.3.2. Physical Therapy
- 7.3.3. Chronic Diseases
- 7.3.4. Others
- 7.4. Market Analysis – By End User
- 7.4.1. Healthcare Facilities
- 7.4.2. Homecare
- 7.5. Market Analysis – By Country/Sub-region
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
- 8. Asia Pacific Telerehabilitation Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Type
- 8.2.1. Services
- 8.2.2. Products
- 8.3. Market Analysis – By Application
- 8.3.1. Occupational Therapy
- 8.3.2. Physical Therapy
- 8.3.3. Chronic Diseases
- 8.3.4. Others
- 8.4. Market Analysis – By End User
- 8.4.1. Healthcare Facilities
- 8.4.2. Homecare
- 8.5. Market Analysis – By Country/Sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
- 9. Latin America Telerehabilitation Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Type
- 9.2.1. Services
- 9.2.2. Products
- 9.3. Market Analysis – By Application
- 9.3.1. Occupational Therapy
- 9.3.2. Physical Therapy
- 9.3.3. Chronic Diseases
- 9.3.4. Others
- 9.4. Market Analysis – By End User
- 9.4.1. Healthcare Facilities
- 9.4.2. Homecare
- 9.5. Market Analysis – By Country/Sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
- 10. Middle East & Africa Telerehabilitation Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Type
- 10.2.1. Services
- 10.2.2. Products
- 10.3. Market Analysis – By Application
- 10.3.1. Occupational Therapy
- 10.3.2. Physical Therapy
- 10.3.3. Chronic Diseases
- 10.3.4. Others
- 10.4. Market Analysis – By End User
- 10.4.1. Healthcare Facilities
- 10.4.2. Homecare
- 10.5. Market Analysis – By Country/Sub-region
- 10.5.1. GCC Countries
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2019)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, Strategies, Financials (based on availability))
- 11.5.1. American Well
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. Strategies,
- 11.5.1.6. Financials (based on availability)
- 11.5.2. Doctor On Demand, Inc.
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. Strategies,
- 11.5.2.6. Financials (based on availability)
- 11.5.3. Hinge Health, Inc.
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. Strategies,
- 11.5.3.6. Financials (based on availability)
- 11.5.4. MIRA Rehab Limited
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. Strategies,
- 11.5.4.6. Financials (based on availability)
- 11.5.5. Koninklijke Philips N.V.
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. Strategies,
- 11.5.5.6. Financials (based on availability)
- 11.5.6. NeoRehab
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. Strategies,
- 11.5.6.6. Financials (based on availability)
- 11.5.7. Jintronix.
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. Strategies,
- 11.5.7.6. Financials (based on availability)
- 11.5.8. Care Innovations, LLC.
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. Strategies,
- 11.5.8.6. Financials (based on availability)
- 11.5.9. Other Players
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. Strategies,
- 11.5.9.6. Financials (based on availability)
- 12. Strategic Recommendations
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