Telerehabilitation Systems Market – Development Status By Analyzing the Performance of Various Competitors: Reflexion Health, Inc., 270 Vision Ltd., CoRehab srl, Hinge Health, Inc., SWORD Health, S.A., MIRA Rehab Limited, re.flex
SEATTLE, May 05, 2021, (PHARMIWEB) —
The market’s players are concentrating their efforts on the production of novel and technologically advanced telerehabilitation systems for a variety of indications. For the advancement of such novel systems, companies are concentrating on strategic collaboration and acquisition activities.
The Don Gnocchi Calo Foundation (DGF) has been collaborating with Evolv Rehabilitation Technologies S.L. since 2016 to investigate the use of VirtualRehab in tele rehabilitation settings. DGF aimed to establish a cutting-edge service delivery model that demonstrated reliability during the recovery process and allowed tele-rehab to enhance the quality of life of neuro patients while lowering costs for the organization in this collaborative project. The tele rehabilitation systems market is expected to expand as a result of strategic alliances for the production of novel products.
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RespondWell LLC, a tele recovery platform, was acquired by Zimmer Biomet Holdings Inc. in October 2016. To improve patient compliance with physical therapy, Zimmer Biomet incorporated the novel platform into its Zimmer Biomet Signature Solutions.
Impact of COVID-19 Pandemic
Telehabiliation, as one of the most significant aspects of digital wellbeing, is critical in assisting patients with care during this pandemic, when social distancing is critical due to government lockdown rules. Companies are helping to manage the situation by delivering care to patients. In April 2020, Bardavon Health Innovations, LLC, revealed their “Therapy Services Pathway” for injured employees during the pandemic, which includes in-clinic, tele recovery, and combined care options.
These initiatives are expected to reduce growth of telerehabilitation systems in the near future.
Key market players have the ability to concentrate on the production and launch of technologically advanced tele recovery systems. In March 2019, the University of North Texas Health Science Center and Neuro Rehab VR had collaborated with the University of Texas at Arlington Research Institute (UTARI). The University of Texas at Arlington Research Institute is developing soft, customizable robotic gloves that will help stroke patients rehabilitate through virtual reality gaming.
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Key Takeaways of the Tele rehabilitation Systems Market:
Over the forecast period (2020-2027), the global telerehabilitation systems market is projected to manifest a CAGR of 4%, due to recurring collaborations and deals between key companies of the market.
According to application: Due to rising incidences of impairment among the population, which is expected to fuel demand for the global telerehabilitation systems market and drive orthopedic segment growth in 2027, the orthopedic segment is expected to hold a significant revenue share. Musculoskeletal disorders were the second leading cause of disability in 2018, accounting for 16 percent of all cases of disability worldwide, according to WHO estimates.
Major companies contributing in the global telerehabilitation systems market include Evolv Rehabilitation Technologies S.L., MIRA Rehab Limited, Neuro Rehab VR, Bridgeway Senior Healthcare, Hinge Health, Inc., Brontes Processing Ltd., Geminus-Qhom, MindMaze, Reflexion Health, Inc., CoRehab srl, Doctor Kinetic, DIH Medical, 270 Vision Ltd., SWORD Health, S.A., Rehametrics, Tyromotion GmbH, re.flex, and Yancheng Tianrun Medical Technology Co., Ltd.
- Global telerehabilitation systems market, By Application:
- Global telerehabilitation systems market, By Component:
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