Virtual Rehabilitation and Telerehabilitation System Market is a rapidly growing industry Overview 2030 by Top Key Players | Reflexion Health, 270 Vision Ltd., CoRehab srl

The global virtual rehabilitation and telerehabilitation systems market is expected to exhibit a CAGR of 19.2% during the forecast period (2023-2030). Manufacturers are focused on development and launch of innovative rehabilitation devices, which is expected to drive the virtual rehabilitation and telerehabilitation systems market growth. For instance, in August 2019, Ekso Bionics Holdings launched its EksoNR, the next generation of its EksoGT robotic exoskeleton, developed for neurorehabilitation purposes.

The device is equipped with advanced software such as EksoView. EksoView, a touchscreen controller, allow therapists to provide assistance to disabled people by using real-time feedback and perform analysis of outcomes with the help of EksoNR.

Moreover, adoption of inorganic growth strategies such as partnership and collaboration by major players operating in the market is expected to drive growth of the virtual rehabilitation and telerehabilitation systems market.

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For instance, since 2016, The Don Gnocchi Calo Foundation (DGF) has been working with Evolv Rehabilitation Technologies S.L. to explore the application of VirtualRehab in telerehabilitation settings. In this collaborative project, DGF sought to develop a state-of-the art service delivery model that demonstrated continuity during the rehabilitation process and facilitated tele-rehab to improve the quality of life of neuro patients while reducing costs for the organization.

The global virtual rehabilitation and telerehabilitation systems market is expected to exhibit a CAGR of 19.2% during the forecast period (2019 - 2027), owing to increasing product launches of innovative virtual rehabilitation and telerehabilitation systems

Increasing awareness among the population in developed countries about virtual rehabilitation and telerehabilitation systems, and rising trend of using computer assisted rehabilitation systems such as training platform (motion base), a virtual environment, a sensor system (motion capture), and D-flow software are other factors that are expected to drive growth of the virtual rehabilitation and telerehabilitation systems market

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Major players operating in the global virtual rehabilitation and telerehabilitation systems 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

Virtual rehabilitation and telerehabilitation system is an equipment used for treatment in substance abuse, and application in educational services and mental health programs. Telerehabilitation services help medical professionals to analyze, supervise, consult, and diagnose diseases. Telerehabilitation services can be provided by healthcare service providers in medical branches such as physiotherapy.

The usage of virtual rehabilitation and telerehabilitation systems is less expensive for both healthcare providers and patients as compared to conventional in-clinic or person-to-person rehabilitation. For instance, according to the data published by American Congress of Rehabilitation Medicine (ACRM), in 2015, in-clinic intervention resulted in more expenses than the telerehabilitation intervention (US$ 654.72 per person). Hence, low price of virtual rehabilitation and telerehabilitation systems is expected to increase adoption of these systems and in turn propel the market growth over the forecast period.

Increasing cases of disability among the population is expected to boost demand for virtual rehabilitation and telerehabilitation system, thereby driving growth of the virtual rehabilitation and telerehabilitation systems market. According to the data published by the World Health Organization (WHO) in January 2018, over one billion people, i.e. around 15% of the world's population, have some form of disability. Globally, between 110 million and 190 million adults have significant difficulties in functioning. Moreover, in 2018, musculoskeletal conditions was the second highest contributor to global disability accounting for 16% of all cases of disability

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