Global Telerehabilitation Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Telerehabilitation Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Telerehabilitation Systems market finds that the global Telerehabilitation Systems market reached a value of USD 716.02 million in 2022. It’s expected that the market will achieve USD 1510.12 million by 2028, exhibiting a CAGR of 13.24% during the forecast period.

Limitations

Imbalance between large numbers of patients and understaffing in health centers

The high incidence of chronic diseases increases the number of visits and length of stay. Resource constraints, inadequate staff and changes in patient inflow can lead to overcrowding in emergency departments, which can also lead to delays in care and poor outcomes.

Complexity in Operation

The implementation of the remote rehabilitation solution requires a stable Internet connection that can run a variety of applications for the hospital. In addition, medical providers and hospitals face difficulties in providing remote rehabilitation services in rural areas due to the lack of fast and reliable Internet connections. As a result, it is difficult to adopt tele-rehabilitation products and services because people in rural areas largely lack broadband access, which hampers the growth of the market.

Lack of Contact with Doctors and High Cost

On the downside of telemedicine, the problem may be the loss of personal contact with the doctor. In addition, for each patient, the system operator needs to optimize teletherapy based on the type of disease, which is sometimes impossible because of the high cost

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Cisco, Resideo Life Care Solutions (Honeywell) and Philips Healthcare with the revenue market share of 9.48%, 7.55% and 5.86% in 2018.

Cisco Systems is a leading provider of Internet solutions. Its equipment and software products are used to connect computer network systems. The company was founded in 1984. Cisco's main products and services include broadband cable products, network management, fiber optic platforms, routers, switches, network security products and VPN equipment, network storage products, collaborative terminals, video conference systems, IP communication systems, wireless Products, hyper-converged infrastructure, all-digital network architecture, etc., committed to providing network and all-digital solutions for a wide range of industries and departments such as manufacturing, medical, education, transportation, government.

The goal of Resideo Life Care Solutions is to create seamless, advanced remote monitoring solutions for care providers that will improve the quality of patients’ lives. With more than 70,000+ monitors deployed, we offer the industry’s most advanced and integrated solutions at home and beyond. We’re one of the few companies offering complete solutions for remote patient monitoring from telehealth to telecare, including monitoring services, remote patient management applications, decision support, and evidence-based disease management. That all adds up to significant cost savings. Resideo Life Care Solutions has been around since 1999. That’s why today, they can effectively serve a variety of healthcare customers including hospital systems, integrated healthcare delivery systems and managed care organizations. But the bottom line is better patient care, something they never lose sight of.

Segmentation Overview:

Among different product types, Hardware segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Patients/ Clients segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Telerehabilitation Systems market covered in Chapter 3:

Reflexion Health
Appello
Rehabilitation Master
SWORD Health
myStrength
Jintronix
Hinge Health
Care Innovations
Bosch Healthcare
Rehametrics
Cisco
Physitrack
Resideo Life Care Solutions (Honeywell)
Force Therapeutics
Philips Healthcare
InTouch Health
GestureTek Health

In Chapter 4 and Chapter 14.2, on the basis of types, the Telerehabilitation Systems market from 2018 to 2029 is primarily split into:

Hardware
Software

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Telerehabilitation Systems market from 2018 to 2029 covers:

Service Providers
Payers
Patients/ Clients

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)