Telerehabilitation Market 2023 Trends: Expected to Grow at a CAGR of 13.5% by 2031, Claims AMR

The telerehabilitation market size was valued at $3.7 billion in 2021, and is estimated to reach $12.9 billion by 2031, growing at a CAGR of 13.5% from 2022 to 2031.

• CAGR: 13.5% 
• Current Market Size: USD 3.7 Billion 
• Forecast Growing Region: APAC 
• Largest Market: North America 
• Projection Time: 2022 – 2031 
• Base Year: 2021

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KEY FINDINGS OF THE STUDY 

• Based on application, the physical therapy segment held largest share in the global market in 2021. However, speech therapy segment is anticipated to grow at the highest CAGR of 14.9% during the forecast period.
• On the basis of components, the services segment held largest market share in 2021 and is expected to remain dominant throughout the forecast period.
• Based on end user, the homecare segment dominated the market in 2021, and is expected to grow at a CAGR of 13.6% during the forecast period.
• Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 11.9% during the telerehabilitation market forecast.

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.

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The telerehabilitation market is categorized based on application, component, end user, and region. In terms of application, it is segmented into physical therapy, occupational therapy, and speech therapy. The physical therapy segment held the largest market share in the global telerehabilitation market in 2021. This can be attributed to the growing prevalence of injuries, accidents, and disabilities caused by various medical conditions. However, the speech therapy segment is expected to exhibit the highest compound annual growth rate (CAGR) of 14.9% during the forecast period. This growth is driven by the increasing demand for speech therapy due to the rising incidence of neurological conditions and speech disorders.

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Telerehabilitation Market Players-

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

FREQUENTLY ASKED QUESTIONS?

Q1. What is telerehabilitation?

A. 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.

Q2. Which is the most influencing segment growing in the telerehabilitation market report?

A. 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.

Q3. What are the key trends in the telerehabilitation market report?

A. 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.

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