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).
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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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Patent Landscape
CHAPTER 4: TELEREHABILITATION MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Physical Therapy
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Occupational Therapy
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Speech Therapy
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: TELEREHABILITATION MARKET, BY COMPONENT
5.1 Overview
5.1.1 Market size and forecast
5.2 Products
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.2.4 Products Telerehabilitation Market by Type
5.2.4.1 Software Market size and forecast, by region
5.2.4.2 Hardware Market size and forecast, by region
5.3 Services
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: TELEREHABILITATION MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Healthcare Providers
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Homecare
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: TELEREHABILITATION MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Application
7.2.3 North America Market size and forecast, by Component
7.2.3.1 North America Products Telerehabilitation Market by Type
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Application
7.2.5.1.2 Market size and forecast, by Component
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Application
7.2.5.2.2 Market size and forecast, by Component
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Application
7.2.5.3.2 Market size and forecast, by Component
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Application
7.3.3 Europe Market size and forecast, by Component
7.3.3.1 Europe Products Telerehabilitation Market by Type
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Application
7.3.5.1.2 Market size and forecast, by Component
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Application
7.3.5.2.2 Market size and forecast, by Component
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Application
7.3.5.3.2 Market size and forecast, by Component
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Application
7.3.5.4.2 Market size and forecast, by Component
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Application
7.3.5.5.2 Market size and forecast, by Component
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Application
7.3.5.6.2 Market size and forecast, by Component
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Application
7.4.3 Asia-Pacific Market size and forecast, by Component
7.4.3.1 Asia-Pacific Products Telerehabilitation Market by Type
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Application
7.4.5.1.2 Market size and forecast, by Component
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Application
7.4.5.2.2 Market size and forecast, by Component
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Application
7.4.5.3.2 Market size and forecast, by Component
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Application
7.4.5.4.2 Market size and forecast, by Component
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Application
7.4.5.5.2 Market size and forecast, by Component
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Application
7.4.5.6.2 Market size and forecast, by Component
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Application
7.5.3 LAMEA Market size and forecast, by Component
7.5.3.1 LAMEA Products Telerehabilitation Market by Type
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Application
7.5.5.1.2 Market size and forecast, by Component
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Application
7.5.5.2.2 Market size and forecast, by Component
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Application
7.5.5.3.2 Market size and forecast, by Component
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Application
7.5.5.4.2 Market size and forecast, by Component
7.5.5.4.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 American Well Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Care Innovations, LLC.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Hinge Health, Inc.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Humanus Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Included Health Inc. (Doctor on Demand, Inc.)
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Koninklijke Philips N. V.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 MIRA Rehab Limited
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 NeuroTechR3, Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 PT Genie
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 UniQuest Pty Limited (NeoRehab)
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Telerehabilitation Market,' the telerehabilitation market size was valued at $3.7 billion in 2021, and is estimated to reach $12.9 billion by 2031, growing at a CAGR of 13.5% from 2022 to 2031.Telerehabilitation is the delivery of rehabilitation services through information and communication technologies. It allows healthcare providers to evaluate, diagnose and treat patients without the need for an in-person visit. It includes webcams, videoconferencing tools, asynchronous e-visits, virtual check-ins, remote evaluations of recorded videos or images, telephonic assessment and management services, which can be used to treat the patients.
Services provided by telerehabilitation include monitoring, prevention, intervention, supervision, education, advice, and coaching and these services are available in hospitals, clinics, homes, schools and community-based worksites. Telerehabilitation is used to treat patients with musculoskeletal disorders, low back ache, spondylosis, osteoarthritis, neck pain, frozen shoulder, post joint replacement and is used to cure stroke, neurotrauma, neurodegenerative disorders, cerebral palsy, post tuberculosis meningitis and neuro muscular disorders.
The telerehabilitation market size is driven by high demand for physical therapy, occupational therapy, and speech therapy. In addition, major players are investing in R&D for advanced telerehabilitation advanced technologies to decrease the incidences of chronic diseases fuel the market growth. Furthermore, rise in telecommunications network and reduction in healthcare cost are projected to drive the industry growth.
Moreover, rapid advancements in healthcare and high demand for virtual consultation by physicians and patients are some telerehabilitation market trends further accelerate the expansion of the telerehabilitation market and offer significant growth opportunities for the market during the forecast period. In addition, significant increase in government expenditure on healthcare information (HCIT) sector and rise in focus of key players toward bringing innovation to digital diagnostics further fuel the market growth.
COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. However, there has been a positive impact on the telerehabilitation industry. This is attributed to an increase in demand for telerehabilitation services during the pandemic. As hospitals are getting filled with COVID-19 positive patients, the burden on healthcare staff is increasing. In addition, the postponement and cancellation of elective surgeries and appointments decreased patient volume in hospitals and clinics. This poses an urgent need for physicians to adopt telehealth to connect to their patients. With social distancing being the new normal, the demand for teleconsultations and digital health services is at its peak.
Telehealth has emerged as a powerful weapon in the war against the COVID-19 pandemic. In addition, telehealth has emerged as an essential component of healthcare during the COVID-19 pandemic which propelled the telerehabilitation industry. For instance, according to the research article published in JCO Global Oncology-An American Society of Clinical Oncology Journal, 2020, during the SARS-CoV-2 pandemic, physical distancing was put in place to minimize the spread of coronavirus disease. This resulted in the adoption of most of the outpatient oncology appointments to telerehabilitation.
The telerehabilitation market is segmented on the basis of application, component, end user and region. By application, the market is segmented into physical therapy, occupational therapy, and speech therapy. The physical therapy segment dominated the global telerehabilitation market share in 2021. This was attributed to increase in prevalence of injuries, accidents, and disabilities due to any other medical condition. However, the speech therapy segment is projected to register highest CAGR of 14.9% during the forecast period, owing to increase in demand for speech therapy due to rise in prevalence of neurological conditions and speech disorders.
On the basis of component, the market is segmented into products and services. The services segment was accounted for the largest revenue in the year 2021 and is remain dominant during forecast period. This was attributed to the growing implementation of telerehabilitation services such as healthcare facilities and homecare services. In addition, rise in demand for telerehabilitation services boosts the segment growth.
Depending on end user, the market is segmented into healthcare providers and homecare. The homecare segment dominated the market in 2021, and is expected to remain dominant during the forecast period, owing to factors such as rise in demand for mobile technologies, rise in adoption of home care by patients, and reduction in hospital visits.
North America accounted for the largest telerehabilitation market share of the global telerehabilitation market in the year 2021. This is majorly attributed to high incidences of chronic diseases and rise in healthcare infrastructure. In addition, rise in technological innovations for rehabilitation, and increase in awareness regarding remote patient monitoring further drive the market growth in this region. Moreover, presence of major players operating in the region fuel the growth of the market.
However, Asia-Pacific is expected to witness highest growth during the forecast period, owing to factors such as increase in healthcare infrastructure and rise in cases of cognitive disorders in this region. Furthermore, innovation and development toward telecommunication are anticipated to further enhance the market growth in this region during telerehabilitation market analysis.
KEY FINDINGS OF THE STUDY
- Based on application, the physical therapy segment held largest share in the global market in 2021. However, speech therapy segment is anticipated to grow at the highest CAGR of 14.9% during the forecast period.
- On the basis of components, the services segment held largest market share in 2021 and is expected to remain dominant throughout the forecast period.
- Based on end user, the homecare segment dominated the market in 2021, and is expected to grow at a CAGR of 13.6% during the forecast period.
- Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 11.9% during the telerehabilitation market forecast.
Companies Mentioned
- 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)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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