In recent years, there have been numerous technological developments in virtual rehabilitation (VR) and telerehabilitation systems. High-end and low-end systems are examined, as well as ambient ambient VR technologies for monitoring real-world activities and turn-key VR systems with clinical validity and dependability. Additionally, developers are focusing on VR applications that use a personalized therapy technique. As a result of technological developments in rehabilitation systems, the market for virtual rehabilitation and telerehabilitation systems is expected to rise.
The market for virtual rehabilitation and telerehabilitation systems is projected to grow as a result of increased efforts by research institutions and significant key players to create technologically advanced virtual reality rehabilitation equipment. The development and commercialization of technologically advanced virtual rehabilitation and telerehabilitation solutions for exceedingly widespread diseases is a key market participant's priority. Growth in the market is anticipated to be fueled by the creation of novel products over the projected period. The virtual rehabilitation and telerehabilitation system industries are expanding as a result of significant players making acquisitions to enhance at-home telerehabilitation capabilities. However, it is anticipated that the usage of virtual rehabilitation and telerehabilitation systems in rural areas of developing countries like Asia Pacific will be constrained due to a lack of understanding among healthcare practitioners regarding novel technology and advanced therapies. Additionally, a lack of qualified professionals is projected to hinder the global market for virtual rehabilitation and telerehabilitation systems throughout the time of forecasting.
The market for Virtual rehabilitation and telerehabilitation systems is anticipated to expand at a CAGR of 19.2% from 2019 to 2027.
Key Companies in the Virtual Rehabilitation and Telerehabilitation Systems Industry:
1. Reflexion Health, Inc.
Reflexion Health, Inc. was founded in 2012 and headquartered in San Diego, California, United States. Reflexion Medical has 218 patents globally, out of which 84 have been granted. Reflexion Health, Inc. received FDA 510(k) approval in June 2019 for the use of their Virtual Exercise Rehabilitation Assistant (VERA), a digital physical therapy platform, in'rehabilitating the trunk and upper extremities'.
2. 270 Vision Ltd.
270 Vision Ltd. was founded in 2011 and headquartered in Massachusetts, United States. It operates globally.
3. CoRehab srl
CoRehab srl provides medical devices to healthcare professionals. It was founded in 2013 and headquartered in Trento, Italy. It operates with its customers around the world.
4. Hinge Health, Inc.
Hinge Health, Inc. was founded in 2015 and headquartered in California, United States. It operates worldwide.
5. SWORD Health, S.A
SWORD Health, S.A was founded in 2015 and headquartered in New York, United States. It operates in 20 countries. In June 2023, Sword researchers will release the first systematic review analyzing the efficacy of digital physical therapy. Asynchronous telerehabilitation with biofeedback, often known as, has been shown by Sword Health experts to be helpful in reducing pain and restoring function in patients with musculoskeletal (MSK) disorders. This is the first thorough review of its kind.
6. Bridgeway Senior Healthcare
Bridgeway Senior Healthcare was founded in 1981 and headquartered in New Jersey, United States. It operates in the MENA region with headquarters in the UAE.
7. Motekforce Link
Motekforce Link was founded in 2014 and headquartered in Amsterdam, Netherlands. Although Motekforce Link is not yet operating in the nations that border China, thi cooperation will help their business expand at a healthy rate.
8. GestureTek Inc.
GestureTek Inc. was founded in 1986 and headquartered in Silicon Valley, California, United States. It operates in over 200 countries worldwide.
9. Virtualware Group
Virtualware Group was founded in 2004 and headquartered in Basauri (near Bilbao). Spain. It operates in more than 33 countries.
10. Mindmaze
Mindmaze was founded in and headquartered in. It operates in. In September 2020, an at-home tele-neurorehabilitation service for stroke victims from MindMaze and Mount Sinai was launched. The FDA-cleared and CE-marked MindMotion GOTM will be used in an innovative at-home tele-neurorehabilitation program for stroke patients, which was just announced by MindMaze, a world pioneer in brain technology, and Mount Sinai Health System, the largest academic medical system in New York City. Patients can continue their recovery at home with the use of a groundbreaking mobile neurorehabilitation therapy system from MindMaze, with virtual assistance from medical professionals at Mount Sinai's Abilities Research Center (ARC).
*Definition: A virtual rehabilitation and telerehabilitation system is a piece of equipment used for substance misuse treatment as well as applications in educational services and mental health programs. Telerehabilitation services assist medical experts in illness analysis, supervision, consultation, and diagnosis.
