Industry Background:
Patients who live away from rehabilitation clinics can use telerehabilitation technology. It also reduces the number of visits patients make to hospitals and rehabilitation centers since doctors are more ready to trust up with patients after they have been discharged. This lowers traveling costs and saves time for patients and doctors, allowing consumers to get real-time rehabilitation treatments in the comfort of their own homes.This growth is primarily driven by Rise of Geriatric Population has Contributed to a Rise in Chronic Health Conditions and Demand for Patient Utilization of Homecare Settings or a Decline in Hospital Visits.
Globally, a noticeable market trend is evident Digitalization of Virtual Technology allows Interaction in Real-Time with Computer Generated Environment. Major Players, such as Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), GE Healthcare (United States), Cerner Corporation (United States), Jintronix. (United States), Care Innovations, LLC. (United States), Cisco Systems, Inc. (United States), Teladoc Health Inc. (United States), American Well (United States), AMC Health (United States), MDLive (United States), Doctor on Demand (United States), Medvivo Group Ltd (United Kingdom), MIRA Rehab Limited (UK), Asahi Kasie Corporation (Japan), Iron Bow Technologies (United States), Telespecialists Llc (United States) and GlobalMed (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 24 Aug 2020, Google Cloud and Amwell announce the partnership to provide transformative telehealth solutions throughout the global healthcare environment. The partnership will help companies plan to increase virtual care access, improve patient and clinician experiences, and use their unique skills to provide innovative, distinctive healthcare solutions throughout the continuum of care. Google Cloud and Amwell view this partnership as a way to improve patient and clinician telehealth experiences by developing technology that can streamline the waiting room and checkout process, as well as providing automated language translation services.
On 04 May 2021, MediTelecare launch, the market leader in telehealth announces the launch of MediTely, a direct-to-consumer service, bringing its world-class mobile telehealth technology to the elderly outside of long-term care institutions. By offering individualized care coordination and specialized therapy, MediTely extends MediTelecare's successful behavioral telehealth paradigm to the elderly population living independently. immediately was inspired by a significant scarcity of skilled and dedicated clinicians for older individuals, as well as diverse options available to this population.
Market Drivers
- Rise of Geriatric Population has Contributed to a Rise in Chronic Health Conditions
- Demand for Patient Utilization of Homecare Settings or a Decline in Hospital Visits
Market Trend
- Digitalization of Virtual Technology allows Interaction in Real-Time with Computer Generated Environment
Restraints
- High-Cost Process, Lack of Qualified People and Poor Quality Communication in Undeveloped areas Can Constrain the Telerehabilitation Systems Market
Opportunities
Expanding Healthcare Facilities and Low Physician-Patient Ratio will propel the Telerehabilitation Systems Market and Highly Preferable and Adopted Among the Patients Live in Remote Areas will Grow the Telerehabilitation Systems Market
Challenges
Poor Reimbursement of these Policies Limit the Growth of Telerehabilitation Systems Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Telerehabilitation Systems Study Sheds Light on
The Telerehabilitation Systems Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Telerehabilitation Systems industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Telerehabilitation Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.