Physical therapy (PT), commonly known as physiotherapy, is one of the medical specialties in which physicians treat a variety of ailments, including physical impairments brought on by disease, trauma, or damage to the musculoskeletal, circulatory, respiratory, neurological, or endocrinological systems. There are many different approaches to physical therapy, including mobilization, exercise prescription, health education, and kinesiology based on scientific evidence. To enhance their patients' physical capabilities, physical therapists use diagnosis, prognosis, physical examination, physical intervention, rehabilitation, and illness prevention. The development of innovative physical therapy rehabilitation solutions by leading market participants, as well as the approval and introduction of such cutting-edge systems, is anticipated to significantly drive the growth of the physical therapy rehabilitation solutions market over the forecast period. Moreover, during the forecast period, strategic alliances between prominent companies for the development of novel physical therapy devices are expected to drive the market for physical therapy rehabilitation solutions.
During the forecast period (2020-2027), the global market for Physical Therapy Rehabilitation Solutions is expected to expand at a compound annual growth rate of 7.7%.
Leading Companies in the Physical Therapy Rehabilitation Solutions Industry:
1. Reflexion Health
Reflexion Health provides doctors with SaaS that utilizes Microsoft's Kinect motion sensing system in order to monitor patient adherence to the prescribed rehabilitation plan, customize treatment, motivate, and track progress. It was founded in 2012 and headquartered in
San Diego, United States. It operates in many countries. In Feb 2018, Reflexion Health, a virtual rehabilitation therapy company, announced an agreement with the Visiting Nurse Service of New York (VNSNY) to bring VERA, its FDA-cleared Virtual Exercise Rehabilitation Assistant, directly to VNSNY patients and communities. VERA is a digital platform that provides home physical therapy and remote patient monitoring capabilities for clinicians.
2. Cerner Corporation
Cerner Corporation was founded in 1979 and headquartered in Missouri, U.S. It operates globally. In June 2022, Cerner was acquired by Oracle.
3. Kareo, Inc
Kareo, Inc was founded in 2004 and headquartered in
Irvine, United States. It operates in 50 states. In Sept 2022, Kareo, a major provider of cloud-based clinical and practice management software for independent healthcare practices and billing companies, and Optimis Services, Inc., a major provider of cloud-based EMR and practice management technology for rehabilitation treatment, announced a software integration and channel partnership for private practice rehab clinics.
4. TherapySync
TherapySync delivers unique solution to contract therapy companies that can be accessed or as an online via the cloud or as an offline version. It was founded in 2006 and headquartered in Keller, United States. It operates across the world.
5. eviCore healthcare
eviCore healthcare is a leading provider of cloud-based EMR and practice management systems for rehabilitation treatment. It was founded in 1994 and headquartered in South Carolina, United States. It operates in 30 countries.
6. Meditab
Meditab is the industry leader in Healthcare Automation Technology, creating and sustaining award-winning products. It was founded in 2005 and headquartered in California, United States. It operates across the country. In Aug 2022, Meditab receives top healthcare technology company Award for 2022.
7. Isalus
Isalus was founded in 2000 and headquartered in
Indianapolis, United States. It operates across the country.
8. Smith+Nephew
Smith+Nephew is a British multinational manufacturer of medical apparatus. It was founded in 1856 and headquartered in England, UK. It operates in more than 35 countries. In May 2021, Smith+Nephew introduces ARIA Home PT, a solution for remote physical therapy. It improves patient engagement and contentment by allowing patients to perform physical therapy at home on demand and without the use of wearable sensors.
9. CoRehab srl
CoRehab srl is an Italian company that designs, develops, and sells products for the rehabilitation and sport markets, with the goal of becoming a global leader in these fields by emphasizing precision, enjoyment, and motivation. It was founded in 2012 and headquartered in Trentino, Italy. It operates in around the world.
10. Hinge Health, Inc
Hinge Health, Inc was founded in 2014 and headquartered in San Francisco, United States. It operates in 18 countries. In Jan 2023, Physical therapy home visits are now offered by Hinge Health.
Hinge Health's digital musculoskeletal care is enhanced by in-home physical therapy, realizing the goal of designing a healthcare system around the needs of each individual.
*Definition: Physical therapy rehabilitation solutions are customized rehabilitation methods for various body parts (such as hip joints, knee joints, etc.) that can not only be implemented in traditional outpatient clinics, hospitals, and other settings, but patients can also use the most advanced intelligence at home rehabilitation training equipment.
