Telerehabilitation Market Size Worth $11.31 Billion By 2032 | CAGR: 12%

The global telerehabilitation market size is expected to reach USD 11.31 billion by 2032, according to a new study by Polaris Market Research. The report “Telerehabilitation Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, and Services); By Therapy; By Application; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into the current market dynamics and provides analysis on future market growth.

The number of people living with chronic diseases will increase as the population ages. These people now live longer owing to medical developments such as telehealth solutions, which means ongoing healthcare efforts focused on chronic illness.  Healthcare professionals focused on enhancing the quality of life and lower hospital readmissions for the older population by treating the morbidity and mortality attributable to chronic diseases with advanced solutions.

Consumer spending for telerehabilitation services is predicted to rise as a result of an increase in the prevalence of a number of illnesses, including traumatic brain injury, COPD, cerebrovascular accidents, and growth retardation in the younger population. For instance, as per the CDC, In the US, traumatic brain injury (TBI) is one of the main causes of death and disability in children and young people. An estimated 1.5 million Americans suffer a TBI each year. Due to these injuries, 230,000 individuals were admitted to hospitals and recovered, 50,000 people pass away, and 80,000 to 90,000 people start experiencing long-term disabilities. Moreover, around 795,000 Americans experience a stroke each year.

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Further, according to the World Health Organization, across the world, 15 million people experience a stroke each year. 5 Mn of them will pass away, and another 5 Mn become permanently crippled, burdening the family & community. A stroke occurs less frequently in those under 40; when it does, high blood pressure is the primary contributing factor. Yet, 8 percent of kids with sickle cell disease also experience episodes of strokes. Thus, the patient's physical mobility is restricted by these problems, which raises demand for these services. While fewer patients visit hospitals to meet with doctors for rehabilitation services, Telerehabilitation also contributes significantly to reducing healthcare expenses, which is further expected to promote market expansion.

Telerehabilitation Market Report Highlights

• The clinical Assessment segment is anticipated to grow at a higher CAGR during the forecast period due to its primary use to assist the rehabilitation counselor and clients in gathering crucial and pertinent data.
• Physical Therapy accounted for major global revenue share which is accelerated by the increasing caes of disabilities.
• Cardiovascular sector is expected to hold a significant share, owing to rising cardiac ailments among old age population
• Asia-Pacific is expected to grow at a highest CAGR during the projected period due to economic reforms, boosting the IT industry, and low functioning costs.
• The global players include CoRehab, Cloud Physio, C3O telemedicine, Cisco Incorporation, Evolv Rehabilitation, Koninklijke Philips, MIRA Rehab, Reflexion Health, and Tyromotion

Polaris Market Research has segmented the Telerehabilitation market report based on components, therapy, application, and region:

Telerehabilitation, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Hardware
• Software
• Services
  • Clinical Assessment
  • Clinical Therapy

Telerehabilitation, Therapy Outlook (Revenue - USD Billion, 2019 - 2032)

• Physical Therapy
• Speech Therapy
• Occupational Therapy
• Others

Telerehabilitation, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Cardiovascular
• Orthopedic
• Neurology
• Pediatric
• Others

Telerehabilitation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Telerehabilitation Market Report Scope