(MENAFN- The Express Wire) Posted on Oct 27 2021 4:44 AM
"Telerehabilitation Market Size, Share and Covid-19 Impact Analysis, By Type (Products, Services), By Application (Occupational Therapy, Physical Therapy, Chronic Diseases, and Others), By End-User (Healthcare Facilities and Homecare); and Regional Forecast, 2020-2027"
The global“Telerehabilitation Market Size” is poised to rise remarkably in the coming years attributable to the technological advancements in the field of healthcare services in collaboration with information, technology, and communications. Telerehabilitation is a medical service for people preferring to stay at home and avail treatment and services. As per a recent report by Fortune Business Insights, titled,“Telerehabilitation Market Size, Share and Covid-19 Impact Analysis, By Type (Products, Services), By Application (Occupational Therapy, Physical Therapy, Chronic Diseases, and Others), By End-User (Healthcare Facilities and Homecare); and Regional Forecast, 2020-2027,” the market value stood at USD 3.32 billion in 2019 and is expected to rise at a CAGR of 13.4% to reach USD 9.13 billion by 2027. The forecast period is set between 2020 to 2027.
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Key Players Operating in The Telerehabilitation Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- MIRA Rehab Limited (UK)
- (United States)
- Doctor On Demand, Inc. (United States)
- Care Innovations, LLC. (United States)
- American Well (United States)
- NeoRehab
- Hinge Health, Inc. (United States)
- Koninklijke Philips N.V. (Netherlands)
- Other players
We, at Fortune Business Insights, are offering special analytical reports on various markets impacted by the worldwide pandemic – COVID-19. As the world economy is shaken with most business at halt or generating meagre revenues, the governments are trying to find out measures to cope with this situation. These special reports will help investors to study the impact of coronavirus on various markets and accordingly take strategic decisions for better revenue generation in the coming years.
Drivers & Restraints-
Increasing Geriatric Population Vulnerable to Various Diseases will Promote Growth
Telerehabilitation can address a wide variety of medical services through the means of telecommunication and technology. This is especially helpful in the case of patients residing in remote locations with mobility issues and for the aged population. The increasing geriatric population is a key factor promoting the telerehabilitation market growth. Additionally, a rise in the patient pool for chronic diseases is also set to aid in the expansion of the market in the coming years.
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North America Earned Dominance Owing to Presence of Advanced Healthcare Technologies
North America earned the highest telerehabilitation market share on account of the rising adoption of telehealth services, presence of advanced medical services, and increasing inclination towards virtual consultation. This, coupled with the increasing number of geriatric population, their vulnerability to various diseases, and a rise in the number of e-visits are likely to help this region continue dominating the market in the coming years.
On the other side, the market in Asia Pacific is expected to show prominent growth in the coming years attributable to the presence of high rural population, increasing awareness among them, and improving healthcare services in the developing nations.
Companies Entering into Joint Ventures for Gaining Momentum in Market Competition
Currently, a few companies are dominating the market. These include Hinge Health Inc., Doctor on Demand, and American Well. This is accountable to the huge client base they have and the increasing number of online consultations. Other players are engaging in contracts and agreements, joint ventures, mergers and acquisitions, and other collaborative efforts to gain a competitive edge in the market.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of Telerehabilitation Services
- Reimbursement Scenario, By Key Countries
- Recent Industry Developments (Mergers, Acquisitions, and Partnerships)
- Impact of COVID-19 on Telerehabilitation
- Global Telerehabilitation Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Market Analysis, Insights and Forecast – By Application
- Occupational Therapy
- Physical Therapy
- Chronic Diseases
- Others
- Market Analysis, Insights and Forecast – By End User
- Healthcare Facilities
- Homecare
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TOC Continued….
Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Telerehabilitation Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Telerehabilitation Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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