REPORT SCOPE & OVERVIEW
In 2022, The Telerehabilitation Market size amounted to USD 3.70 Billion & is estimated to reach USD 11.39 Billion by 2030 and increase at a compound annual growth rate of 15.1% between 2023 and 2030.
The Telerehabilitation Market refers to the provision of rehabilitation services through remote communication technologies, such as video conferencing, mobile apps, and telecommunication tools. Telerehabilitation allows healthcare professionals to remotely assess, diagnose, and treat patients who require rehabilitation services, such as physical therapy, occupational therapy, speech therapy, and mental health therapy, among others. The market for telerehabilitation has been growing rapidly in recent years due to several factors, including advancements in telecommunication technology, increased access to high-speed internet, and a growing need for convenient and cost-effective healthcare solutions. Additionally, the COVID-19 pandemic further accelerated the adoption of telehealth services, including telerehabilitation, as it provided a safe and accessible way for patients to receive care while minimizing the risk of exposure to the virus.
The telerehabilitation market has seen significant interest from healthcare providers, patients, and technology companies alike. Improved access to care in Telerehabilitation enables patients in remote or underserved areas to receive quality rehabilitation services without the need to travel long distances. Cost-effectiveness is for both patients and healthcare providers, telerehabilitation can reduce travel expenses and overhead costs associated with traditional in-person therapy sessions. Convenience and flexibility are Patients can receive rehabilitation services from the comfort of their homes, and healthcare providers can offer services at flexible hours. Enhanced monitoring and compliance Telehealth platforms often come with tools for monitoring patient progress and providing personalized treatment plans, which can lead to better patient compliance and outcomes. Telerehabilitation is the use of information and communication technologies to offer rehabilitation services. It enables healthcare practitioners to assess, diagnose, and treat patients without requiring an in-person visit. Webcams, videoconferencing tools, asynchronous e-visits, virtual check-ins, remote assessments of recorded films or photos, and telephonic assessment and management services are examples of tools that may be utilised to treat patients. The rising need for physical treatment, occupational therapy, and speech therapy drives the telerehabilitation market size. Furthermore, prominent companies are investing in R&D for better telerehabilitation advanced technologies to reduce chronic illness rates, which is fuelling market growth. Furthermore, the expansion of telecommunications networks and the decrease in healthcare costs are expected to fuel industrial growth.
Patients are increasingly looking for healthcare services that are handy and easy to get.
The increased prevalence of chronic diseases and disabilities is the primary driving force behind this industry.
The increasing prevalence of chronic conditions, disabilities, and injuries necessitates a greater demand for rehabilitation services. Telerehabilitation can help reach a broader patient population, especially those in remote or underserved areas.
Certain rehabilitation therapies require physical manipulation and hands-on interaction between the healthcare provider and the patient.
Resistance to Change is the biggest restraint of this market.
Some patients and healthcare professionals may be hesitant to adopt telehealth solutions, including telerehabilitation, due to a preference for traditional in-person care or concerns about technology replacing human interaction.
The telerehabilitation market still has considerable room for growth and penetration.
Addressing Healthcare Disparities is the biggest opportunity in the Telerehabilitation Market.
Telerehabilitation can help bridge the gap in healthcare access, especially in underserved and remote areas where access to specialized rehabilitation services may be limited. By reaching a broader patient population, telerehabilitation can contribute to reducing healthcare disparities.
Certain rehabilitation therapies require physical manipulation and hands-on interaction between the healthcare provider and the patient.
Addressing Healthcare Disparities is the biggest opportunity in the Telerehabilitation Market.
Although many insurance providers have expanded coverage for telehealth services, reimbursement policies may still vary, and some may not fully cover telerehabilitation services. This can impact the financial viability and adoption of telehealth practices.
IMPACT OF RUSSIAN UKRAINE WAR
The 2022 Russia-Ukraine conflict resulted in enormous casualties and the devastation of people's livelihoods. International relief operations, on the other hand, continue, with an emphasis on restoring health and safety to the region. In times of conflict, immediate action is required, and this has provided an opportunity to emphasise. all physicians, medical students, and telemedicine professionals participated in the Ukrainian rescue operations, working with nurses, volunteers, and interested people. Aside from the issue of geographic access, the United States confronts an impending scarcity of healthcare knowledge. According to the American Medical Association, there will be a shortage of between 18000 and 48,500 primary care physicians by 2035. Telemedicine has the ability to alleviate this shortfall by significantly increasing the number of patients who may be seen by a physician, but only if we change our policies to accept it. Telerehabilitation Market goes down by 2-3% in Ukraine Russia war.
IMPACT OF ONGOING RECESSION
The risk of a recession in the next 12-14 months is now 28%, more than twice what it was a year ago. According to economists polled by Reuters, a recession in 2023 is 42% likely. Prices rose 8.1% in 2022 compared to the previous year, the highest yearly increase in 40 years. Inflationary pressures reduce spending power and consumer confidence. Telerehabilitation Market is based on networking, in an ongoing recession, this Market is increasing their product & service price up to 2.4-3.8%.
KEY MARKET SEGMENTS
Rest of Eastern Europe
Rest of Western Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East
Rest of Africa
Rest of Latin America
North America: North America controlled the market and earned a profit. North America's supremacy is due to the steady move towards virtual consultation, an increase in the number of e-visits, and the existence of innovative healthcare technology. The Governor of California approved a new bill providing commercial health insurance coverage, which will benefit consumers by improving access to healthcare services and will catalyse the expansion of telehealth technology across the state.
Asia Pacific: Asia Pacific, on the other hand, is expected to have the highest CAGR. The region's high rural population, improving healthcare environment, and rising population awareness are expected to drive telerehabilitation market growth. Because of the large unmet patient population, Latin America, the Middle East, and Africa are likely to increase somewhat in the next years.
Some major key players in Telerehabilitation Market are American Well, Hinge Health, Inc., Doctor on Demand, Inc., MIRA Rehab Limited, Cisco, Koninklijke Philips N.V, Jintronix, C3O telemedicine, Care Innovation, LLC., NeoRehab and other players.
In 2021: Evolv Rehabilitation Technologies S.L. has supplied virtual rehabilitation equipment to hospitals in New York, London, and Milan that will assist them in providing telerehabilitation services. Exergames, which are videogame-like exercises recommended by therapists, may be performed by patients using the software platform EvolvRehab and a hardware device known as a RehabKit. This technique assisted the organisation in expanding its client base and driving revenue development.
In 2020: Teladoc Health introduced Mental Health Care, a telemedicine service. Employees may use this service to contact psychologists, psychiatrists, and therapists through phone, computer, or mobile apps. This innovative service assisted the organisation in expanding its mental health business and strengthening its market position.
|Market Size in 2022||US$ 3.70 Bn|
|Market Size by 2030||US$ 11.39 Bn|
|CAGR||CAGR of 15.1% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Services, Products)
• By Application (Physical Therapy, Occupational Therapy, Chronic Diseases, Others)
• By End-User (Homecare and Healthcare Facilities)
|Regional Analysis/Coverage||North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)|
|Company Profiles||American Well, Hinge Health, Inc., Doctor on Demand, Inc., MIRA Rehab Limited, Cisco, Koninklijke Philips N.V, Jintronix, C3O telemedicine, Care Innovation, LLC., NeoRehab|
|Key Drivers||• Patients are increasingly looking for healthcare services that are handy and easy to get.
• The increased prevalence of chronic diseases and disabilities is the primary driving force behind this industry.
|Market Restraints||• Certain rehabilitation therapies require physical manipulation and hands-on interaction between the healthcare provider and the patient.
• Resistance to Change is the biggest restraint of this market.
Ans. The compound annual growth rate for Telerehabilitation Market for the forecast period is 15.1%.
Ans. In 2023, the injectable medication delivery market is expected to be valued at 3.70 billion USD.
Ans. Some market trends include a gradual move towards virtual consulting and strategic expenditures by key companies in developing the industry.
Ans. The market for Ventilator is anticipated to be worth USD 11.39 Billion by 2030.
Ans. The services category is the market's largest by kind.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Telerehabilitation Market Segmentation, By Type
9. Telerehabilitation Market Segmentation, By Application
9.1 Physical Therapy
9.2 Occupational Therapy
9.3 Chronic Diseases
10. Telerehabilitation Market Segmentation, By End-User
10.2 Healthcare Facilities
11. Regional Analysis
11.2 North America
11.2.1 North America Telerehabilitation Market by Country
11.2.2 North America Telerehabilitation Market by Type
11.2.3 North America Telerehabilitation Market by Application
11.2.4 North America Telerehabilitation Market by End-User
188.8.131.52 USA Telerehabilitation Market by Type
184.108.40.206 USA Telerehabilitation Market by Application
220.127.116.11 USA Telerehabilitation Market by End-User
18.104.22.168 Canada Telerehabilitation Market by Type
22.214.171.124 Canada Telerehabilitation Market by Application
126.96.36.199 Canada Telerehabilitation Market by End-User
188.8.131.52 Mexico Telerehabilitation Market by Type
184.108.40.206 Mexico Telerehabilitation Market by Application
220.127.116.11 Mexico Telerehabilitation Market by End-User
11.3.1 Eastern Europe
18.104.22.168 Eastern Europe Telerehabilitation Market by Country
22.214.171.124 Eastern Europe Telerehabilitation Market by Type
126.96.36.199 Eastern Europe Telerehabilitation Market by Application
188.8.131.52 Eastern Europe Telerehabilitation Market by End-User
184.108.40.206.1 Poland Telerehabilitation Market by Type
220.127.116.11.2 Poland Telerehabilitation Market by Application
18.104.22.168.3 Poland Telerehabilitation Market by End-User
22.214.171.124.1 Romania Telerehabilitation Market by Type
126.96.36.199.2 Romania Telerehabilitation Market by Application
188.8.131.52.4 Romania Telerehabilitation Market by End-User
184.108.40.206.1 Turkey Telerehabilitation Market by Type
220.127.116.11.2 Turkey Telerehabilitation Market by Application
18.104.22.168.3 Turkey Telerehabilitation Market by End-User
22.214.171.124 Rest of Eastern Europe
126.96.36.199.1 Rest of Eastern Europe Telerehabilitation Market by Type
188.8.131.52.2 Rest of Eastern Europe Telerehabilitation Market by Application
184.108.40.206.3 Rest of Eastern Europe Telerehabilitation Market by End-User
11.3.2 Western Europe
220.127.116.11 Western Europe Telerehabilitation Market by Country
18.104.22.168 Western Europe Telerehabilitation Market by Type
22.214.171.124 Western Europe Telerehabilitation Market by Application
126.96.36.199 Western Europe Telerehabilitation Market by End-User
188.8.131.52.1 Germany Telerehabilitation Market by Type
184.108.40.206.2 Germany Telerehabilitation Market by Application
220.127.116.11.3 Germany Telerehabilitation Market by End-User
18.104.22.168.1 France Telerehabilitation Market by Type
22.214.171.124.2 France Telerehabilitation Market by Application
126.96.36.199.3 France Telerehabilitation Market by End-User
188.8.131.52.1 UK Telerehabilitation Market by Type
184.108.40.206.2 UK Telerehabilitation Market by Application
220.127.116.11.3 UK Telerehabilitation Market by End-User
18.104.22.168.1 Italy Telerehabilitation Market by Type
22.214.171.124.2 Italy Telerehabilitation Market by Application
126.96.36.199.3 Italy Telerehabilitation Market by End-User
188.8.131.52.1 Spain Telerehabilitation Market by Type
184.108.40.206.2 Spain Telerehabilitation Market by Application
220.127.116.11.3 Spain Telerehabilitation Market by End-User
18.104.22.168.1 Netherlands Telerehabilitation Market by Type
22.214.171.124.2 Netherlands Telerehabilitation Market by Application
126.96.36.199.3 Netherlands Telerehabilitation Market by End-User
188.8.131.52.1 Switzerland Telerehabilitation Market by Type
184.108.40.206.2 Switzerland Telerehabilitation Market by Application
220.127.116.11.3 Switzerland Telerehabilitation Market by End-User
18.104.22.168.1 Austria Telerehabilitation Market by Type
22.214.171.124.2 Austria Telerehabilitation Market by Application
126.96.36.199.3 Austria Telerehabilitation Market by End-User
188.8.131.52 Rest of Western Europe
184.108.40.206.1 Rest of Western Europe Telerehabilitation Market by Type
220.127.116.11.2 Rest of Western Europe Telerehabilitation Market by Application
18.104.22.168.3 Rest of Western Europe Telerehabilitation Market by End-User
11.4.1 Asia-Pacific Telerehabilitation Market by Country
11.4.2 Asia-Pacific Telerehabilitation Market by Type
11.4.3 Asia-Pacific Telerehabilitation Market by Application
11.4.4 Asia-Pacific Telerehabilitation Market by End-User
22.214.171.124 China Telerehabilitation Market by Type
126.96.36.199 China Telerehabilitation Market by Application
188.8.131.52 China Telerehabilitation Market by End-User
184.108.40.206 India Telerehabilitation Market by Type
220.127.116.11 India Telerehabilitation Market by Application
18.104.22.168 India Telerehabilitation Market by End-User
22.214.171.124 Japan Telerehabilitation Market by Type
126.96.36.199 Japan Telerehabilitation Market by Application
188.8.131.52 Japan Telerehabilitation Market by End-User
11.4.8 South Korea
184.108.40.206 South Korea Telerehabilitation Market by Type
220.127.116.11 South Korea Telerehabilitation Market by Application
18.104.22.168 South Korea Telerehabilitation Market by End-User
22.214.171.124 Vietnam Telerehabilitation Market by Type
126.96.36.199 Vietnam Telerehabilitation Market by Application
188.8.131.52 Vietnam Telerehabilitation Market by End-User
184.108.40.206 Singapore Telerehabilitation Market by Type
220.127.116.11 Singapore Telerehabilitation Market by Application
18.104.22.168 Singapore Telerehabilitation Market by End-User
22.214.171.124 Australia Telerehabilitation Market by Type
126.96.36.199 Australia Telerehabilitation Market by Application
188.8.131.52 Australia Telerehabilitation Market by End-User
11.4.12 Rest of Asia-Pacific
184.108.40.206 Rest of Asia-Pacific Telerehabilitation Market by Type
220.127.116.11 Rest of Asia-Pacific Telerehabilitation Market by Application
18.104.22.168 Rest of Asia-Pacific Telerehabilitation Market by End-User
11.5 Middle East & Africa
11.5.1 Middle East
22.214.171.124 Middle East Telerehabilitation Market by Country
126.96.36.199 Middle East Telerehabilitation Market by Type
188.8.131.52 Middle East Telerehabilitation Market by Application
184.108.40.206 Middle East Telerehabilitation Market by End-User
220.127.116.11.1 UAE Telerehabilitation Market by Type
18.104.22.168.2 UAE Telerehabilitation Market by Application
22.214.171.124.3 UAE Telerehabilitation Market by End-User
126.96.36.199.1 Egypt Telerehabilitation Market by Type
188.8.131.52.2 Egypt Telerehabilitation Market by Application
184.108.40.206.3 Egypt Telerehabilitation Market by End-User
220.127.116.11 Saudi Arabia
18.104.22.168.1 Saudi Arabia Telerehabilitation Market by Type
22.214.171.124.2 Saudi Arabia Telerehabilitation Market by Application
126.96.36.199.3 Saudi Arabia Telerehabilitation Market by End-User
188.8.131.52.1 Qatar Telerehabilitation Market by Type
184.108.40.206.2 Qatar Telerehabilitation Market by Application
220.127.116.11.3 Qatar Telerehabilitation Market by End-User
18.104.22.168 Rest of Middle East
22.214.171.124.1 Rest of Middle East Telerehabilitation Market by Type
126.96.36.199.2 Rest of Middle East Telerehabilitation Market by Application
188.8.131.52.3 Rest of Middle East Telerehabilitation Market by End-User
184.108.40.206 Africa Telerehabilitation Market by Country
220.127.116.11 Africa Telerehabilitation Market by Type
18.104.22.168 Africa Telerehabilitation Market by Application
22.214.171.124 Africa Telerehabilitation Market by End-User
126.96.36.199.1 Nigeria Telerehabilitation Market by Type
188.8.131.52.2 Nigeria Telerehabilitation Market by Application
184.108.40.206.3 Nigeria Telerehabilitation Market by End-User
220.127.116.11 South Africa
18.104.22.168.1 South Africa Telerehabilitation Market by Type
22.214.171.124.2 South Africa Telerehabilitation Market by Application
126.96.36.199.3 South Africa Telerehabilitation Market by End-User
188.8.131.52 Rest of Africa
184.108.40.206.1 Rest of Africa Telerehabilitation Market by Type
220.127.116.11.2 Rest of Africa Telerehabilitation Market by Application
18.104.22.168.3 Rest of Africa Telerehabilitation Market by End-User
11.6 Latin America
11.6.1 Latin America Telerehabilitation Market by Country
11.6.2 Latin America Telerehabilitation Market by Type
11.6.3 Latin America Telerehabilitation Market by Application
11.6.4 Latin America Telerehabilitation Market by End-User
22.214.171.124 Brazil America Telerehabilitation Market by Type
126.96.36.199 Brazil America Telerehabilitation Market by Application
188.8.131.52 Brazil America Telerehabilitation Market by End-User
184.108.40.206 Argentina America Telerehabilitation Market by Type
220.127.116.11 Argentina America Telerehabilitation Market by Application
18.104.22.168 Argentina America Telerehabilitation Market by End-User
22.214.171.124 Colombia America Telerehabilitation Market by Type
126.96.36.199 Colombia America Telerehabilitation Market by Application
188.8.131.52 Colombia America Telerehabilitation Market by End-User
11.6.8 Rest of Latin America
184.108.40.206 Rest of Latin America Telerehabilitation Market by Type
220.127.116.11 Rest of Latin America Telerehabilitation Market by Application
18.104.22.168 Rest of Latin America Telerehabilitation Market by End-User
12 Company Profile
12.1 American Well
12.1.1 Company Overview
12.1.3 Product/Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Hinge Health, Inc
12.2.1 Company Overview
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Doctor on Demand, Inc
12.3.1 Company Overview
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 MIRA Rehab Limited
12.4.1 Company Overview
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5.1 Company Overview
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Koninklijke Philips N.V.
12.6.1 Company Overview
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7.1 Company Overview
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 C3O telemedicine
12.8.1 Company Overview
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Care Innovation, LLC
12.9.1 Company Overview
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10.1 Company Overview
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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