Global Telerehabilitation Systems Market - Forecasts from 2021 to 2026
The global telerehabilitation systems market is evaluated at US$1,809.225 million for the year 2019 and is projected to grow at a CAGR of 48.30% to reach a market size of US$28,538.629 million by the year 2026.
Furthermore, various technological advancements have been made in virtual rehabilitation (VR) and telerehabilitation systems. These include technologies such as high-end and low-end systems, embedded ambient VR technologies to monitor real-world activity, and turn-key VR systems with clinical validity and reliability.
The advent of COVID-19 had a positive impact on the global telerehabilitation systems market. The immense widespread of the disease has been a significant reason for the increase in the demand for telerehabilitation systems at a global level. This is because telerehabilitation services are the best option to maintain social distancing while continuing therapy. Face-to-face therapy still presents many risks to the therapist and patient. Telerehabilitation also represents an innovative approach to increase access to rehabilitation services for patients who live in remote locations where therapists are scarce or absent. Moreover, the impact of COVID-19-related innovations in terms of telerehabilitation help serve those living in rural and remote areas, and now also in urban locations. The current crisis has highlighted a lack of access to health care for people living in underserved communities, particularly those living with the effects of strokes. One can imagine that people discharged home post-stroke have been hit hardest by the lockdown. Telerehabilitation has an important role to play in this area.
The segmentation of the global telerehabilitation systems market has been done into service type, the technology used, and geography. By service type, the classification of the market has been done into assessment and therapy. By technology used, the classification of the market has been done into textual-based technology, E-mail Programs, Audio Based Technology, Video conferencing, and others. Furthermore, based on geography, the global market has been distributed in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Rising developments by key players to cope up with the increasing demand has triggered the expansion in the portfolio of the offerings which in turn is expected to drive the market during the forecast period
The growth of the telerehabilitation systems market is fuelled by the increasing investment being done in the sector by key market players.
The players in the global telerehabilitation systems market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.
By Service Type
By Technology Used
Textual based technology
Audio Based Technology
Middle East & Africa
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