SEATTLE, July 21, 2021, (MEDGADGET) — Global Telerehabilitation Systems market analysis
Impact of COVID-19 Pandemic
Telerehabilitation is one of the safest ways to provide recovery services over a telecommunications network and the internet during this pandemic. Telerehabilitation may include counselling to people who are unable to go to a facility due to a disability or travel time. People would prefer this service through webcams, videoconferencing, phone lines, videophones, and webpages with rich Internet applications in this situation, which is expected to increase demand for telerehabilitation systems.
The full version of the report will examine the effect of COVID-19 and expected changes on the industry’s future outlook, taking into account political, economic, social, and technical factors.
Over the forecast period (2020-2027), the telerehabilitation systems market is projected to have a valuation of US$ 201.8 million in 2020 and is anticipated to manifest a CAGR of 13.4%.
Get Sample PDF Brochure with Impact of COVID19: https://www.coherentmarketinsights.com/insight/request-pdf/3842
Key market players have a lucrative opportunity to break into untapped markets in emerging economies such as India and China, where chronic disease prevalence is high.
According to a 2018 study published in the Journal of Clinical and Diagnostic Research, telerehabilitation services provide a number of benefits, including low bandwidth consumption, low-cost technology products, simplified access, and user-friendly applications, all of which can help telerehabilitation become more common and successful in Indian settings. Telerehabilitation service providers should advertise in Indian settings for effective implementation and use, according to the same report.
Drivers
Approvals and launch of telerehabilitation and online rehabilitation systems is expected to fuel growth of the global telerehabilitation systems during the forecast period.
The industry’s major players are working on new virtual recovery and telerehabilitation systems and bringing them to market. During the forecast period, the acceptance and launch of such advanced systems in the market are expected to significantly drive growth of the global telerehabilitation systems market and create a favorable environment for the telerehabilitation systems market to expand. In March 2018, Reflexion Health, Inc., a digital health solution company headquartered in the U.S., unveiled its next-generation solutions for patients and clinicians called VERAHome and VERAClinic. In the United States, VERAHome and VERAClinic are focused on the company’s FDA-approved Virtual Exercise Rehabilitation Assistant (VERA).
Tailored Information as per niche requirement:
LIMITED TIME OFFER – Hurry Up!
Exclusive offer!!! Purchase the report at a discounted rate!!!
Get Discount For Buyers UPTO 30% OFF On Any Research Report
Buy Now with Discount for Premium Report 2021: https://www.coherentmarketinsights.com/promo/buynow/3842
Moreover, major industry players are working to extend the use of virtual recovery services. The U.S. Food and Drug Administration (FDA) granted Reflexion Health, Inc. 510(k) clearance in June 2019 for the use of its Virtual Exercise Rehabilitation Assistant (VERA) interactive physical therapy platform in rehabilitating the trunk and upper extremities. VERA had previously been approved by the US Food and Drug Administration (FDA) for the treatment of lower extremity conditions such as knee and hip replacement surgery.
MindMaze’s Immersive Virtual Reality (IVR) therapy solution, MindMotionPRO, for neurological rehabilitation earned CE marking in February 2016. MindMotionPRO is a hospital-based rehabilitation solution for neurological patients who need early motor intervention.
During the forecast period, the global telerehabilitation systems market is expected to expand due to an increase in the number of injury cases. According to India’s Central Government and Disability Census, about 26.8 million people were disabled in 2016, accounting for 2.21 percent of the total population.
Restraints
However, a lack of knowledge about new technologies and advanced therapies among patients and healthcare professionals is a major factor that is expected to stifle growth of the global telerehabilitation systems market. In rural areas of Africa and Asia Pacific, there is a lack of knowledge about novel technologies, which is expected to be a major factor in the slow adoption of virtual rehabilitation and telerehabilitation systems, stifling market’s growth.
Furthermore, during the forecast period, a lack of qualified professionals in such regions is expected to stymie the growth of the telerehabilitation systems market.
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/telerehabilitation-systems-market-3109
Regional Analysis
North America retained the largest share of the telerehabilitation systems market in 2019, owing to key players’ increased emphasis on developing and launching technologically advanced telerehabilitation systems for highly prevalent diseases. For instance, The University of Texas at Arlington Research Institute partnered with Neuro Rehab VR, a US-based business, and the University of North Texas Health Science Center in March 2019. (UTARI).
Furthermore, key players’ acquisition strategies to improve at-home telerehabilitation capabilities are contributing to the telerehabilitation system market’s growth. RespondWell LLC, a telerehabilitation platform, was acquired by Zimmer Biomet Holdings Inc. in October 2016. To improve patient compliance with physical therapy, Zimmer Biomet incorporated the novel platform into its Zimmer Biomet Signature Solutions.
In addition, due to initiatives taken by key players, Asia Pacific is expected to see substantial growth in the global telerehabilitation systems market.
Telerehabilitation products and services are available in Australia from companies including Neo-Rehab Pty Ltd, Visionflex Pty Limited, and others. Furthermore, government agencies such as the South Australian government are working to raise awareness about telerehabilitation and its benefits.
Special Requirements?
We value your investment and offer customization as per your requirements.
Share your precise requirements @ https://www.coherentmarketinsights.com/insight/request-customization/3842
Competitive Landscape
Major companies contributing in the global telerehabilitation systems market include Evolv Rehabilitation Technologies S.L., MIRA Rehab Limited, Neuro Rehab VR, Bridgeway Senior Healthcare, Hinge Health, Inc., Brontes Processing Ltd., Geminus-Qhom, MindMaze, Reflexion Health, Inc., CoRehab srl, Doctor Kinetic, DIH Medical, 270 Vision Ltd., SWORD Health, S.A., Rehametrics, Tyromotion GmbH, re.flex, and Yancheng Tianrun Medical Technology Co., Ltd.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By Component
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Technological Advancements in Telerehabilitation
- Key Developments
- Acquisition, Collaborations & Partnerships
- Epidemiology
- Market Dynamics
- Global Telerehabilitation Systems Market, Impact of Coronavirus (Covid-19) Pandemic
- Pre-COVID situation
- Post-COVID demand
- Need for telerehabilitation
- Recommendations and guidelines by regulatory bodies
- Global Telerehabilitation Systems Market, By Application, 2016 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Cardio-pulmonary
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Neurology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Orthopedic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Telerehabilitation Systems Market, By Component, 2016 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Telerehabilitation Systems Market, By Region, 2016 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, By Region, 2017 – 2027
- Regional Trends
- North America
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Component, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Component, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Component, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Component, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Component, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Component, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- GCC
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About Us and Sales Contact
Have a Look at Related Research Insights:
Laboratory Information Systems Market To Surpass US$ 3,266.2 Million By 2027
Personal Emergency Response Systems Market To Surpass US$ 8,410.1 Million By 2027
IT-Enabled Healthcare Market To Reach US$ 464.7 Billion By 2027
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
