TELEREHABILITATION SYSTEMS MARKET ANALYSIS

The global telerehabilitation systems market is estimated to be valued at US$ 254.6 million in 2023 and is expected to exhibit a CAGR of 14.4 % during the forecast period (2023-2030).

Analysts’ Views on the Global Telerehabilitation Systems Market:

The global telerehabilitation systems market trends, development, and marketing channels are analyzed. The implementation cost of  virtual rehabilitation and telerehabilitation systems is affordable for both healthcare providers and patients compared to traditional clinic or in-person rehabilitation. Telerehabilitation is a form of telehealth that allows the remote delivery of rehabilitation services to the home, or place of choice of the patient. A telerehabilitation system is a device used to treat drug addiction and is used in educational services and mental health programs. Telerehabilitation services help medical professionals analyze, monitor, consult, and diagnose diseases.

Figure 1. Global Telerehabilitation Systems Market Share (%), by Application, 2023

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Global Telerehabilitation Systems Market - Driver

Product Development initiatives will drive the market growth

On March 21, 2023, Tyromotion, a manufacturer of technology-based therapeutic devices, explained the use of kinesio tape and its usefulness in neurological therapy. In cases of paralysis or weakness, such as those following a stroke, the application of K-tapes in neurorehabilitation enhances the function of the upper and lower extremities. Thus, pain that can result from subluxation or partial dislocation of the shoulder joint, or from an increase of the joint space as a result of a loss of muscle tension when the arm is paralysed, could be greatly diminished. Applying K-tape could potentially lessen the subluxation itself. The additional use of K-tapes also had a positive impact on walking and balance function. Application of lymphatic tape can also help reduce hand swelling following a stroke.

Figure 2. Global Telerehabilitation Systems Market (US$ Million), by Region, 2023

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Global Telerehabilitation Systems Market - Regional Analysis

The North American region is expected to dominate the global telerehabilitation systems market due to increasing technologies related to telerehabilitation systems. For instance, on May 5, 2021, Evolvrehab, a developer of rehabilitation technology solutions explained advancements in telerebahilitation system to provide personalized telerehabilitation services to chronic stroke survivors in a project funded by the NIHR Brain MIC. Telerehabilitation can make an important difference in patient care by providing an engaging way of performing repetitive therapeutic activity and increasing adherence to treatment.

Global Telerehabilitation Systems Market - Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic spread to over 100 countries across the globe and the World Health Organization (WHO) declared it a public health emergency. According to the World Health Organization report, the manifestation of coronavirus (COVID-19) resulted in more than 765 million confirmed cases and over 6.9 million deaths globally as of April 30, 2023.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, faced problems with the transportation of drugs from one place to another.

Moreover, various healthcare regulatory authorities issued guidelines for patients who require critical care during the COVID-19 pandemic. According to National Center for Biotechnology Information (NCBI), on October 5, 2022, findings showed that telerehabilitation interventions can improve functional capacity and mobility in patients with COVID-19 and can be implemented with  high completion rates and minimal adverse events. However, more studies are needed to examine the effects on cardiopulmonary function, quality of life, anxiety, depression, and other variables.

Global Telerehabilitation Systems Market Segmentation:

The global telerehabilitation systems market is segmented into by application and by component.

Based on application, the global telerehabilitation systems market is segmented into cardio-pulmonary, neurology, orthopedic, and others. Out of which, neurology is expected to dominate the market over the forecast period by various applications and technologies.

Based on components, the global telerehabilitation systems market is segmented into hardware and software. Out of which, the hardware segment dominates the market as telerehabilitation systems are mostly associated with advanced techniques and technologies.

Global Telerehabilitation Systems Market: Key Developments

On June 14, 2021, EvolvRehab, a developer of rehabilitation technology solutions, stated that new technologies may be the future of rehabilitation, over time even more resources are used to develop effective rehabilitation programs. By incorporating rehabilitation systems using new technologies, with the idea of providing an attractive method for rehabilitation to the patients, to increase their interest and motivation and to be a part of the exercise program of the occupational therapy sessions. Virtual rehabilitation is a great resource of rehabilitation through which a complete exercise program is carried out, and it is necessary for the treatment of people with Multiple Sclerosis (MS) and other neurodegenerative diseases.

On February 18, 2021, EvolvRehab, a developer of rehabilitation technology solutions, introduced the product consists of a virtual therapy software platform called EvolvRehab and a hardware unit called RehabKit that connects to a television. The system allows patients to perform video game-like activities called exercise games, which are prescribed by therapists who can remotely monitor patient compliance and performance through the system.

Global Telerehabilitation Systems Market - Cross Sectional Analysis

As application segment, it consist of cardio-pulmonary, neurology, orthopedic, others. Neurology dominates from the product base segment. For instance, on December 27, 2022, Tyromotion, a manufacturer of technology-based therapeutic devices, explained how multidisciplinary support improves neurorehabilitation. Rehabilitation may help many people with neurological disorders or injuries to improve their daily activities. Stroke, Multiple Sclerosis (MS), cerebral palsy, Spinal Cord Injury (SCI), and Traumatic Brain Injury (TBI) are among the conditions that can benefit from rehabilitation. A multidisciplinary rehabilitation team consists of numerous qualified medical specialists with diverse areas of expertise, all of whom are committed to assisting patients in getting better.

Global Telerehabilitation Systems Market - Key Trends

The key market players are engaged in adopting strategies. For instance, on February 21, 2023, Tyromotion, a manufacturer of technology-based therapeutic devices, stated that robot-assisted gait training improves stroke rehabilitation. Patients who have frequent strokes experience trouble in walking and can only do so inside their own homes. 70% of people who are still able to walk are unable to do so quickly. As part of the stroke therapy, stroke survivors can use a robotic gait training system to improve their cardiovascular fitness and regain their ability to walk.

Global Telerehabilitation Systems Market: Restraint

Complications associated with the market

Complications are expected to hinder the global telerehabilitation systems market growth. According to National Center for Biotechnology Information (NCBI), on August 4, 2021, a major limitation is the separation of the relationship between the physiotherapist and the patient. Many physical therapies, occupational therapies, audiology procedures, optometry, and speech therapy evaluations rely on expensive instruments. Even in the treatment phase,  patients must perform interventions correctly. Although the development of telerehabilitation has strengthened the relationship between the therapist and the patient, communication is sometimes accompanied by information-based problems arising from the patient's disabilities, such as hearing, vision, or speech impairment.

Global Telerehabilitation Systems Market - Key Players

The key players operating in the global telerehabilitation systems market include Reflexion Health, Inc.,  270 Vision Ltd., CoRehab srl, Hinge Health, SWORD Health, MIRA Rehab Limited, Flex, Neuro Rehab VR, Evolv Rehabilitation Technologies SL, Yancheng Tianrun Medical Technology Co., Ltd, Tyromotion Gmbh, Brontes Processing Ltd., Bridgeway Senior Healthcare, Rehametrics, Geminus-Qhom, MindMaze, DIH Medical, and Doctor Kinetics.

Definition:  A telerehabilitation system is that treats drug addiction and is used in educational services and mental health programs. Telerehabilitation services help medical professionals analyze, monitor, consult, and diagnose diseases. These services can be provided by healthcare providers in medical fields such as physiotherapy. Telerehabilitation is a form of telehealth that allows the remote delivery of rehabilitation services to the home, or place of choice of the patient.