Telerehabilitation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Telerehabilitation Systems Market: Overview
The global telerehabilitation systems market has grown steadily over the years, owing to the convenience it provides to the patients. Telerehabilitation system includes equipment for treating numerous programs such as substance abuse, mental health, and educational services for patients in care homes, mental hospitals, and rehabilitation centers. Such system helps many medical professionals in analyzing, consulting, supervising, and diagnosis of diseases. Telerehabilitation systems mainly relate to the delivered services by healthcare service providers in several medical branches such as physiotherapy.
From the perspective of product types, the global telerehabilitation systems market is bifurcated into hardware and software. Among these products, the hardware segment accounts for the largest share and is expected to boost the global telerehabilitation systems market during the forecast period. This is because of the rising demand for advanced platforms and systems in order to provide operational therapy, physical therapy, and robot-aided rehabilitation. However, the advent of advanced technologies is expected to drive the global telerehabilitation systems market to expand at a meteoric CAGR of 18% during the forecast period.
Growing Demand for Less-expensive Rehabilitation to Boost Market Growth
Rapid incorporation of technologies in the communication and information has moved ahead the telerehabilitation services over the telecommunication network. Telerehabilitation systems help in delivering real time rehabilitation services to the patients’ homes. Such service provide advantage to those patients who live far away from the rehabilitation centers. Such benefits are believed to be majorly driving the global telerehabilitation systems market. Furthermore, telerehabilitation systems is also cost-effective for both patients and healthcare providers as compared to in-clinic rehabilitation. This is because such systems can reduce the frequent visits to rehabilitation centers as the physicians are able to follow-up the patients after their discharge. Thus, such factors are also expected to fuel growth in the global telerehabilitation systems market.
Rapid Adoption of IoT and Sensors in Healthcare Fillips Telerehabilitation Systems Market
Due to the rising prevalence of various chronic disease worldwide, there is an increase in hospital overstays and patients visits. Some major factors such as staff deficiency and resource limitations are leading to overcrowding the emergency department. Such factors are highly compelling healthcare providers in adopting telerehabilitation systems for improving overall quality of services and achieving operational efficiencies. Such USPs are also expected to boost the global telerehabilitation systems market. Along with these, rapid adoption of advanced technologies, and rising adoption of sensors and IoT for monitoring patients effectively are also expected to propel growth in the global telerehabilitation systems market.
Poor Quality of Communication in Developing Regions Hinders market Growth
Lack of skilled insurance facilities in developing economies, high cost of the process, lack of skilled professionals, and poor communication quality in developing economies may hinder the growth of the global telerehabilitation systems market. Nonetheless, such deterrents may not impact the momentum expected in the global telerehabilitation systems market in the near term.
Global Telerehabilitation Systems Market: Notable Developments
Currently, in clinical practice of rehabilitation, there is an increasing integration of telecommunication tools. Growing adoption of home care settings by patients, and rising demand for reducing the hospital visits are also believed to propel the global telerehabilitation systems market. Rapid development of new and pioneering technologies are anticipated to modify the current clinical practice through making telerehabilitation systems an integral part of healthcare industry. Thus, increasing m-Health facilities are also anticipated to boost the global telerehabilitation systems market in the near future.
Global Telerehabilitation Systems Market: Regional Outlook
Geographically, North America is expected to lead the global telerehabilitation systems market as the region has seen rapid technological advancements. Rising expenditure in healthcare industry, burgeoning population suffering from various chronic diseases, the presence of advanced technology landscape across the healthcare sector could also be responsible for fueling growth in the telerehabilitation systems market in this region.
Global Telerehabilitation Systems Market: Competitive Landscape
Key players operating in the global telerehabilitation systems market include Honeywell International Inc, Cisco Systems, Rehametrics, and GESTURETEK.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report