Telerehabilitation Market Analysis

Telerehabilitation Market Analysis

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By component, the telerehabilitation market is classified into hardware and software. The software segment accounted over 60% of the market share in 2022 and is projected to witness robust growth over the analysis timeframe. Telerehabilitation software provides several advantages for both patients and healthcare providers. It offers improved access to care, enhanced convenience, personalized treatment plans, cost-effectiveness, and real-time feedback for patients during their rehabilitation sessions. This allows healthcare providers to deliver more effective and personalized care, while reducing healthcare costs and improving patient outcomes.
 

Further, telerehabilitation software can also enable healthcare providers to expand their services and reach more patients, ultimately improving the efficiency and effectiveness of the healthcare system.
 

By therapy, the telerehabilitation market is divided into occupational therapy, physical therapy, and others. Physical therapy accounted segment is expected to grow at 13.7% throughout the forecast period. Physical therapy is designed to improve strength, flexibility, and mobility in patients suffering from as musculoskeletal disorders such as arthritis & sports injuries, neurological conditions including stroke, traumatic brain injury and various cardiovascular conditions.
 

Moreover, healthcare providers can create customized treatment plans and provide real-time feedback to improve patient outcomes. As telerehabilitation enables patients to receive personalized physical therapy at the comfort of their home and flexibility, convenience to schedule appointments at their preferred time is estimated to significantly boost the market size.
 

Based on application, the market is segmented into cardiovascular, neurology, orthopedic and others. The orthopedic segment held a significant market share and was valued over USD 1.4 billion in 2022. Telerehabilitation has various orthopedic applications and can be used for post-operative rehabilitation, managing musculoskeletal conditions and treating accidental and post-operative recovery. Various assessments such as range of motion tests, strength tests, gait analysis, balance tests and functional assessments can be conducted with the help of telerehabilitation solutions.
 

In addition, telerehabilitation can be used for prehabilitation, helping patients to prepare for surgery and reduce the risk of complications. Overall, telerehabilitation provides a convenient and effective way for patients to receive orthopedic rehabilitation services, thereby propelling the market revenue.
 

Telerehabilitation market by end-use is classified as healthcare facilities and homecare setting. The homecare setting is projected to register over USD 8.8 billion in 2032. Growing acceptance of telerehabilitation among the patients at home care setting coupled with rising preference of geriatric population to avail healthcare facilities in home care settings will play a pivotal role in market expansion during the analysis period. Patients suffering from chronic conditions such as pulmonary artery disease, hypertension and patients that have undergone complex surgery are majorly contributing to the use of telerehabilitation solutions. Furthermore, growing awareness regarding telerehabilitation services especially in rural areas has accelerated demand for telerehabilitation solutions.
 

North America telerehabilitation market accounted for over 59% business share in 2022 and is anticipated to grow at considerable growth rate during the forecast timeframe. Rising healthcare expenditure and implementation of novel technologies in rehabilitation therapies are contributing to the market growth. Also, rising disposable income, increasing awareness and demand for better telerehabilitation services are some of the major factors propelling the industry trends.