Telerehabilitation Market : A Prognostic Outlook on the $12.9 Billion Market by 2031

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

𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑹𝒆𝒑𝒐𝒓𝒕 𝑺𝒂𝒎𝒑𝒍𝒆- https://www.alliedmarketresearch.com/request-sample/31902

COVID-19 Scenario:

• The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global telerehabilitation market, owing to the irregular workflows in most hospitals and clinics and surge in the number of COVID-19 cases in various countries across the globe.
• Lockdowns resulted in the delay or cancellation of non-emergency treatments or surgeries in hospitals, which subsequently increased the demand for telerehabilitation during the pandemic.
• These lockdown restrictions were imposed by the government of various countries so as to curb the spread of the virus during the pandemic.
• Thus, the demand for virtual consultations and remedies surged exponentially, and is further expected to grow in the coming years.

The report offers detailed segmentation of the global telerehabilitation market based on application, component, end-user, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.

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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.

Region Analysis

In 2021, North America dominated the market, securing over two-fifths of the global market share, and is projected to sustain its leading position in the upcoming period. Meanwhile, the Asia-Pacific region is anticipated to experience the highest Compound Annual Growth Rate (CAGR) of 16.0% throughout the forecast period.

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)

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.

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