Virtual Rehabilitation And Telerehabilitation Systems Market Size and Trends

Virtual Rehabilitation and Telerehabilitation Systems Market, by Product Types (Physical Rehabilitation, Neuro Rehabilitation, Cognitive Rehabilitation, and Others) by End User (Hospitals & Clinics, Rehabilitation Centers, and Home Care Settings), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis 2019 - 2027

Published In : Sep 2019

Code : CMI2304

Pages :170

Formats :

Excel and PDF

Industry : Healthcare IT

Virtual Rehabilitation And Telerehabilitation Systems MarketSize and Trends

The global virtual rehabilitation and telerehabilitation system market is estimated to be valued at US$ 192.7 million in 2019 and is expected to witness a CAGR of 19.2% during the forecast period (2019 – 2027).

Figure 1. Global Virtual Rehabilitation and Telerehabilitation System Market Overview

Source: Coherent Market Insights Analysis (2019)

Increasing initiatives by research institutes and major key players to develop technologically advanced virtual reality rehabilitation devices is expected to drive growth of the virtual rehabilitation and telerehabilitation system market

Key players in the market are focusing on development of technologically advanced virtual rehabilitation and telerehabilitation systems for highly prevalent diseases and launching them in the market. For instance, in March 2019, Neuro Rehab VR, U.S.-based company and The University of North Texas Health Science Center partnered with the University of Texas at Arlington Research Institute (UTARI). The University of Texas at Arlington Research Institute is developing flexible soft robotic gloves that will aid in rehabilitating stroke patients through virtual reality gaming. Combining this glove with the virtual reality gaming to be developed by Neuro Rehab VR will enable stroke patients to engage in rehabilitation activities for regaining their hand function. Thus, development of such innovative products is expected to drive the market growth over the forecast period.

Acquisitions by key players in order to enhance the at-home telerehabilitation capability is contributing to virtual rehabilitation and telerehabilitation system market growth. For instance, in October 2016, Zimmer Biomet Holdings Inc. acquired RespondWell, a telerehabilitation platform from RespondWell LLC. Zimmer Biomet integrated the novel platform into its Zimmer Biomet Signature Solutions to further enhance patient compliance with physical therapy.