Virtual Rehabilitation and Telerehabilitation Systems Market| Coherent Market Insights

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• VIRTUAL REHABILITATION TELEREHABILITATION
  SYSTEMS MARKET ANALYSIS
• Virtual Rehabilitation and Telerehabilitation
  Systems Market, by Product Types (Physical
  Rehabilitation, Neuro Rehabilitation, Cognitive
  Rehabilitation, and Others) by End User
  (Hospitals Clinics, Rehabilitation Centers, and
  Home Care Settings), and by Region (North
  America, Latin America, Europe, Asia Pacific,
  Middle East, and Africa) - Size, Share, Outlook,
  and Opportunity Analysis 2019 - 2027

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• In the recent years, various technological
  advancements have been made in the virtual
  rehabilitation (VR) and telerehabilitation
  systems. These includes technologies such as
  high-end and low-end systems, embedded ambient VR
  technologies to monitor real world activity, and
  turn-key VR systems with clinical validity and
  reliability. Moreover, manufacturers are also
  focused on VR applications with a personalized
  medicine approach. Therefore, technological
  advancements in rehabilitation systems is
  expected to drive growth of the virtual
  rehabilitation and telerehabilitation system
  market.
• The global virtual rehabilitation and
  telerehabilitation system market is estimated to
  be valued at US 192.7 million in 2019 and is
  expected to witness a CAGR of 19.2 during the
  forecast period (2019 2027).

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• Figure 1. Global Virtual Rehabilitation and
  Telerehabilitation System Market Overview

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• Increasing initiatives by research institutes and
  major key players to develop technologically
  advanced virtual reality rehabilitation devices
  is expected to drive growth of the virtual
  rehabilitation and telerehabilitation system
  market
• Key players in the market are focusing on
  development of technologically advanced virtual
  rehabilitation and telerehabilitation systems for
  highly prevalent diseases and launching them in
  the market. For instance, in March 2019, Neuro
  Rehab VR, U.S.-based company and The University
  of North Texas Health Science Center partnered
  with the University of Texas at Arlington
  Research Institute (UTARI). The University of
  Texas at Arlington Research Institute is
  developing flexible soft robotic gloves that will
  aid in rehabilitating stroke patients through
  virtual reality gaming. Combining this glove with
  the virtual reality gaming to be developed by
  Neuro Rehab VR will enable stroke patients to
  engage in rehabilitation activities for regaining
  their hand function. Thus, development of such
  innovative products is expected to drive the
  market growth over the forecast period.
• Acquisitions by key players in order to enhance
  the at-home telerehabilitation capability is
  contributing to virtual rehabilitation and
  telerehabilitation system market growth. For
  instance, in October 2016, Zimmer Biomet Holdings
  Inc. acquired RespondWell, a telerehabilitation
  platform from RespondWell LLC. Zimmer Biomet
  integrated the novel platform into its Zimmer
  Biomet Signature Solutions to further enhance
  patient compliance with physical therapy.

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Virtual Rehabilitation and Telerehabilitation
System Market - Regional Analysis

• On the basis of the region, the global virtual
  rehabilitation and telerehabilitation system
  market is segmented into North America, Latin
  America, Europe, Asia Pacific, Middle East, and
  Africa.
• North America is expected to exhibit significant
  growth in the virtual rehabilitation and
  telerehabilitation system market, owing to
  presence of major players such as Bridgeway
  Senior Healthcare and Virtualware Group.
  Moreover, developed healthcare infrastructure and
  various policies supporting telerehabilitation
  are also expected to aid in growth of the market
  in North America.
• Asia Pacific is also expected to drive growth of
  the virtual rehabilitation and telerehabilitation
  system market, owing to increasing disability
  cases in the region. For instance, according to
  Central Government and Disability Census in
  India, in 2016, around 26.8 million people were
  disabled, which represented 2.21 of the total
  population. Moreover, increasing healthcare
  expenditure and rising awareness among the
  population in the region is contributing to
  growth of the Asia Pacific virtual rehabilitation
  and telerehabilitation system market.

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Figure 2 Global Virtual Rehabilitation and
Telerehabilitation System Market Share (), By
Region, 2018

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Virtual Rehabilitation and Telerehabilitation
System Market - Competitive Landscape

• Key players operating in the virtual
  rehabilitation and telerehabilitation system
  market include Reflexion Health, Inc., 270 Vision
  Ltd., CoRehab srl, Hinge Health, Inc., SWORD
  Health, S.A., MIRA Rehab Limited, Bridgeway
  Senior Healthcare, Motekforce Link, GestureTek
  Inc., Virtualware Group, Motorika Medical Ltd.,
  LiteGait, Doctor Kinetic, and Mindmaze.
• Europe is expected to exhibit significant growth,
  owing to increasing number of approvals from the
  European Union for virtual reality rehabilitation
  devices. For instance, in February 2016, MindMaze
  received CE marking for its Immersive Virtual
  Reality (IVR) rehabilitation solution,
  MindMotionPRO, for neurological rehabilitation.
  MindMotionPRO is a hospital-based rehabilitation
  solution for early motor intervention in
  neurological patients.

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