What is Virtual Rehabilitation and Telerehabilitation Systems Market?
Virtual rehabilitation and telerehabilitation system is a term used to describe the delivery of rehabilitation across the spectrum of acute, subacute, and community settings at a distance, using telecommunications technology as the medium for the delivery of services. It is a treatment device and is used in educational services and mental health programs. Telerehabilitation services help health professionals analyze, monitor, counsel, and diagnose illness. Telerehabilitation services can be offered by health care providers in medical branches such as physical therapy. Telerehabilitation is a method first used in training musculoskeletal patients by uploading asynchronous patient data and using an internet video connection. Thereafter, therapists using virtual reality-based telerehabilitation will prescribe exercise routines over the Internet that patients can access and perform through a web browser. The therapists then monitor the patient's progress via the internet and change therapy asynchronously in real-time without any interaction or training. With the increasing use of the Internet of Things around the world, these systems of assessment and therapy have become widespread. People who cannot travel to the nearby clinics, hospitals, or other rehabilitation centers are treated with high-quality services through these telerehabilitation systems as they offer advice through video conferencing, videophones, and others. The new technology in this area is virtual reality, in which a 3D virtual environment is created using the latest computer technology.
The market study is being classified by Type (Physical Rehabilitation, Neuro Rehabilitation, Cognitive Rehabilitation and Others), by Application (Hospitals, Care homes, Home and Others) and major geographies with country level break-up.
GestureTek Health (Canada), Brontes Processing (United States), Motek Medical B.V. (Amsterdam), Virtualware Group (Spain), Motorika (United States), Bridgeway Senior Healthcare (United States), LiteGait (United States), Mindmaze (Switzerland) and Doctor Kinetic (Netherlands) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Geminus-Qhom (Argentina) and Rehametrics (Spain).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Virtual Rehabilitation and Telerehabilitation Systems market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Virtual Rehabilitation and Telerehabilitation Systems market by Type, Application and Region.
On the basis of geography, the market of Virtual Rehabilitation and Telerehabilitation Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Incidences of Health Disorders Due To Changes in the Lifestyle
- The Increasing Geriatric Population
- Increasing the Scale of Clinics and Hospitals
- Rising Disposable Income in Urbanized Areas
- Raise In the Number of Accidents Cases
Market Trend
- Quick Acceptance of Advanced Technology
- Coupling Of Software Technology and the Launch of Innovative Procedures In Favor Of the End-User Industries
Restraints
- The Cost for Installation and Maintenance of the Equipment
Opportunities
- The Rise in the Capital Income in both Developed and Developing Countries
- Rising Support from the Government through Investments In Order To Provide Quality Treatment Services
Challenges
- Lack of Proper Knowledge over the Utilization of the Devices Due To Less Training Programs
Considering the current scenario, the FDA offers more alternatives than just conducting trials virtually. Taking into consideration quarantines, site closures, travel limitations for patients and health care workers, and supply chain interruptions for the candidates being investigated, the agency comes right out and said it’s “aware that protocol modifications may be required, and that there may be unavoidable protocol deviations due to COVID-19.
Key Target Audience
Providers of Virtual Rehabilitation and Telerehabilitation Systems, End-Users, Potential Investors, Market Research Firms and Others