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2022

Telerehabilitation Market

Telerehabilitation Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, by Component, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

LS : Healthcare

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Author's: Monika Darandale | Roshan Deshmukh
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Telerehabilitation Market Research, 2031

The global telerehabilitation market size was valued at $3.7 billion in 2021, and is projected to reach $12.9 billion by 2031, growing at a CAGR of 13.5% from 2022 to 2031. Telerehabilitation is the process of providing rehabilitation services through online mode by using electronic information and communication technology. With the help of telerehabilitation, patients can communicate with medical professionals from a distance and receive both patient evaluation and therapy. Telerehabilitation services provides institutional and home-based rehabilitation programs via information and communication technologies. The advantages of telerehabilitation include user friendly technology, flexible, simple, intuitive, requiring low physical effort, and patient controlled by remotely. 

Telerehabilitation Market

The rise in demand for mobile technologies, increase in adoption of home care by patients, and reduction in hospital visits are expected to propel the growth of the market in the forecast years. Furthermore, healthcare in the U.S. is experiencing positive trends, with the emergence of telerehabilitation applications that help Americans to be active in personal health management, especially during the current COVID-19 pandemic. Smartphones and the presence of mobile technology make it possible to use both clinical and lifestyle applications to help, educate, and change health behaviors.

Increase in adoption of telerehabilitation services by geriatric population due to increase in prevalence of neurological conditions such as such as Alzheimer's, multiple sclerosis which drive the growth of market. In addition, increase in government support for healthcare infrastructure further boost the growth of the market. Moreover, rise in awareness about telerehabilitation further contribute toward the growth of the market.

However, poor Infrastructure and technological barrier in underdeveloped countries may hinders the market growth. In contrast, high growth potential in developing economies is projected to provide the beneficial telerehabilitation market opportunity for market growth.

Impact of COVID-19

The outbreak of COVID-19 has disrupted workflows in the health care sector across the world. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of health care. However, there has been a positive effect on telerehabilitation industry. This is attributed to rise in demand for telerehabilitation during pandemic. For instance, according to data published by telehealth and medicine today journal in 2021, around 2.4 billion people worldwide may need rehabilitation. Due to the coronavirus disease in 2019 (COVID-19) pandemic, existing rehabilitation services have been affected in 60 to 70% of countries. After lockdowns and with vaccinations, some form of physical distancing is likely to be part of the new normal which lead to exponential growth of telehealth. 

In addition, Teladoc Health Inc. reported a 60% increase in the number of virtual consultations and reached 2 million in just three months from January to March 2020 compared to the fourth quarter of 2019. Thus, during COVID-19 have steady growth for telerehabilitation industry.

TELEREHABILITATION MARKET SEGMENTATION

The telerehabilitation market size is segmented into application, component, end user and region. By application, the market is categorized into physical therapy, occupational therapy, and speech therapy. By component, it is bifurcated into products and services. The product segment further includes software and hardware. By end user, it is classified into healthcare providers and homecare. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

Segment Review

Depending on application, the market is segmented into physical therapy, occupational therapy, and speech therapy. The physical therapy segment dominated the global telerehabilitation market share in 2021. The major factor which drives the growth of this segment includes, rise in geriatric population as geriatric population more prone to the neurological conditions and chronic diseases. For instance, according to, Alzheimer’s Association 2019, 5.0% of people age 65 to 74, 13.1% of people age 75 to 84 and 33.2% of people age 85 or older have Alzheimer’s dementia. In addition, rise in cases of musculoskeletal disorders (MSDs) are the second commonest cause of chronic pain and physical disabilities which requires the physical therapy further boost the segment growth.

However, the speech therapy segment is projected to register highest CAGR of 14.9% during the telerehabilitation market forecast period. This is attributed to rise in prevalence of speech disorders. For instance, according to National Institute on Deafness and Other Communication Disorders in U.S. 2016, around 1 in 12 (7.7 %) U.S. children ages 3-17 had a disorder related to voice, speech, language, or swallowing in the past 12 months.

Telerehabilitation Market by Application

On the basis of component, the market is bifurcated into product and services. The services segment accounted for the largest revenue in 2021 and is expected remain dominant during forecast period. This is attributed to rise in service sessions requires for particular diseases and rise in number of service providers. In addition, rise in demand for telerehabilitation services boost telerehabilitation market growth.

Telerehabilitation Market by Component

On the basis of end user, the market is segmented into healthcare providers and homecare centers. The homecare accounted for the largest revenue in 2021 and is expected to remain dominant during forecast period. This is attributed to rise in telerehabilitation services in homecare setups with monitoring results. 

Telerehabilitation Market by End User

Region wise, North America acquired a major telerehabilitation market share, owing to the presence of key players, rise in government initiatives, well-developed healthcare infrastructure, and increase in prevalence of chronic diseases and neurological conditions in this region. In addition, advanced technology for telerehabilitation services further boost the market growth.

However, Asia-Pacific is expected to witness the highest growth rate for the telerehabilitation market throughout the forecast period with a CAGR of 16.0%. The major factors that drive the growth of the telerehabilitation market in this region is the increase in demand for physical, occupational and speech therapy. In addition, technological advancements, and increase in government initiatives to promote healthy lifestyle are driving the market growth. Moreover, rise in number of hospitals and centers for rehabilitation in this region further boost the market growth.

Telerehabilitation Market by Region

 
The key market players profiled in the report include American Well Corporation, Hinge Health, Inc., Humanus Corporation, Included Health, Inc. (Doctor on Demand, Inc.), Care Innovations, LLC., Koninklijke Philips N.V., MIRA Rehab Limited, NeuroTechR3, Inc., PT Genie,    UniQuest Pty Limited (NeoRehab).

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the telerehabilitation market analysis from 2021 to 2031 to identify the prevailing telerehabilitation market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the telerehabilitation market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global telerehabilitation market trends, key players, market segments, application areas, and market growth strategies.

Telerehabilitation Market Report Highlights

Aspects Details
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Market Size By 2031

USD 12.9 billion

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Growth Rate

CAGR of 13.5%

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Forecast period

2021 - 2031

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Report Pages

253

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By Application
  • Physical Therapy
  • Occupational Therapy
  • Speech Therapy
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By Component
  • Products
    • Type
      • Software
      • Hardware
  • Services
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By End User
  • Healthcare Providers
  • Homecare
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Saudi Arabia, South Africa, Rest of LAMEA, Brazil)
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Key Market Players

Hinge Health, Inc., UniQuest Pty Limited (NeoRehab), American Well Corporation, MIRA Rehab Limited, Included Health Inc. (Doctor on Demand, Inc.), Humanus Corporation, Care Innovations, LLC., Koninklijke Philips N.V., NeuroTechR3, Inc., PT Genie

Analyst Review

Telerehabilitation defined as delivery of rehabilitation through a variety of technologies and encompasses a range of rehabilitation services that include evaluation, assessment, monitoring, prevention, intervention, supervision, education, consultation, and coaching. The telerehabilitation market is being driven by increase in geriatric population as they are more susceptible to acquire chronic and neurodegenerative diseases, thus increasing the demand for telerehabilitation. 

The global telerehabilitation market is expected to exhibit high growth potential attributable to factors such as increase in demand for telerehabilitation services. Moreover, rise in physical therapy services due to rise in number of injuries, accidents, and disabilities contributes toward the market growth.

Furthermore, North America is expected to witness highest growth, in terms of revenue, owing to rise in geriatric population as they are more susceptible to acquire chronic and neurodegenerative diseases. However, Asia-Pacific is anticipated to witness notable growth, owing to rise in healthcare infrastructure and rise in advanced technologies for rehabilitation in this region during the forecast period.
 

Author Name(s) : Monika Darandale | Roshan Deshmukh
Frequently Asked Questions?

Telerehabilitation is defined as delivery of rehabilitation through a variety of technologies and encompasses a range of rehabilitation services that include evaluation, assessment, monitoring, prevention, intervention, supervision, education, consultation, and coaching

The physical therapy segment is the most influencing segment owing to increase in prevalence of injuries, accidents, and disabilities due to any other medical condition and rise in geriatric population.

Top companies such as American Well Corporation, Hinge Health, Inc., Included Health, Inc. (Doctor on Demand, Inc.), Intel Corporation (Intel GE-Care Innovations, LLC.) and Koninklijke Philips N.V. held a high market position in 2021.

Increase in prevalence of neurodegenerative disease such as Alzheimer disease, stroke, and Parkinson’s disease and rise in advanced healthcare technologies such as telehealth are some factors which is expected to propel growth of the telerehabilitation market during the forecast period.

The forecast period for telerehabilitation market is 2021 to 2031

The base year is 2021 in telerehabilitation market

The market value of telerehabilitation market in 2031 is $12,912.03 million.

The total market value of telerehabilitation market is $3,648.79 million in 2021.

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Telerehabilitation Market

Global Opportunity Analysis and Industry Forecast, 2021-2031