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Telerehabilitation Market to Reach USD 9.13 Billion by 2027; Technological Advancement in Healthcare Services to Augment Growth, says Fortune Business Insights™

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Pune, June 30, 2020 (GLOBE NEWSWIRE) — The global telerehabilitation market size is poised to rise remarkably in the coming years attributable to the technological advancements in the field of healthcare services in collaboration with information, technology, and communications. Telerehabilitation is a medical service for people preferring to stay at home and avail treatment and services. As per a recent report by Fortune Business Insights, titled, “Telerehabilitation Market Size, Share and Covid-19 Impact Analysis, By Type (Products, Services), By Application (Occupational Therapy, Physical Therapy, Chronic Diseases, and Others), By End-User (Healthcare Facilities and Homecare); and Regional Forecast, 2020-2027,” the market value stood at USD 3.32 billion in 2019 and is expected to rise at a CAGR of 13.4% to reach USD 9.13 billion by 2027. The forecast period is set between 2020 to 2027.How fierce is the market competition?Which are the leading segments of the market?How will virtual consultation augment growth?What are the key industry developments and the current trends prevalent in the market?Drivers & Restraints-Increasing Geriatric Population Vulnerable to Various Diseases will Promote GrowthTelerehabilitation can address a wide variety of medical services through the means of telecommunication and technology. This is especially helpful in the case of patients residing in remote locations with mobility issues and for the aged population. The increasing geriatric population is a key factor promoting the telerehabilitation market growth. Additionally, a rise in the patient pool for chronic diseases is also set to aid in the expansion of the market in the coming years.On the flip side, in several nations, telehealth services do not count as a part of the medical treatment and therefore, it becomes a tedious task to avail reimbursement for such services. The lack of or total absence of proper reimbursement policies for telehealth services are likely to cause hindrance to the market growth in the coming years. Nevertheless, the additional beneficiaries associated with this service such as audiology, speech and language therapy, neurophysiology that offer advanced medical ailment are likely to create lucrative growth opportunities for the market in the coming years.We, at Fortune Business Insights, are offering special analytical reports on various markets impacted by the worldwide pandemic – COVID-19. As the world economy is shaken with most business at halt or generating meagre revenues, the governments are trying to find out measures to cope with this situation. These special reports will help investors to study the impact of coronavirus on various markets and accordingly take strategic decisions for better revenue generation in the coming years.
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Services Segment to Gain Significant Position Owing to Increasing Number of Service Providers:Based on segmentation by type, the services segment dominated the market in 2019 on account of the rising adoption of telerehabilitation services and the increasing number of service providers.Regional Analysis-North America Earned Dominance Owing to Presence of Advanced Healthcare TechnologiesNorth America earned the highest telerehabilitation market share on account of the rising adoption of telehealth services, presence of advanced medical services, and increasing inclination towards virtual consultation. This, coupled with the increasing number of geriatric population, their vulnerability to various diseases, and a rise in the number of e-visits are likely to help this region continue dominating the market in the coming years.On the other side, the market in Asia Pacific is expected to show prominent growth in the coming years attributable to the presence of high rural population, increasing awareness among them, and improving healthcare services in the developing nations.Competitive Landscape-Companies Entering into Joint Ventures for Gaining Momentum in Market CompetitionCurrently, a few companies are dominating the market. These include Hinge Health Inc., Doctor on Demand, and American Well. This is accountable to the huge client base they have and the increasing number of online consultations. Other players are engaging in contracts and agreements, joint ventures, mergers and acquisitions, and other collaborative efforts to gain a competitive edge in the market.January 2019 – The 3.0 version of PHZIO Digital treatment platform was launched by eWellness Healthcare Corporation for telehealth and physiotherapy markets.April 2018 – TheraNow, a new platform for connecting physical therapists with their patients via teretherapy was launched by Thera Inc.MIRA Rehab Limited (UK)Jintronix. (United States)Doctor On Demand, Inc. (United States)Care Innovations, LLC. (United States)American Well (United States)NeoRehabHinge Health, Inc.  (United States)Koninklijke Philips N.V. (Netherlands)Other playersIntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsOverview of Telerehabilitation ServicesReimbursement Scenario, By Key CountriesRecent Industry Developments (Mergers, Acquisitions, and Partnerships)Impact of COVID-19 on TelerehabilitationGlobal Telerehabilitation Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypeServicesProductsMarket Analysis, Insights and Forecast – By ApplicationOccupational TherapyPhysical TherapyChronic DiseasesOthersMarket Analysis, Insights and Forecast – By End UserHealthcare FacilitiesHomecareMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificLatin AmericaMiddle East & AfricaTOC Continued….!!!

Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/telerehabilitation-market-103112Telehealth Market Size, Share and Global Trend By Type (Products, Services), By Application (Telemedicine, Patient Monitoring, Continuous Medical Education, Others), By Modality (Store-and-forward (Asynchronous), Real-time (Synchronous), Remote Patient Monitoring), By End User (Healthcare Facilities, Homecare, Others), and Geography Forecast till 2026Telemedicine Market Size, Share and Global Trend By Type (Products, Services), By Application (Teleradiology, Telepathology, Teledermatology, Telepsychiatry, Telecardiology, Others), By Modality (Store-and-forward (Asynchronous) , Real-time (Synchronous), Others) and Geography Forecast till 2026Telemedicine Technologies and Services Market Size, Share and Global Trend By Type (Tele-care, Tele-diagnostics, Tele-monitoring), By Modality (In-campus, Cloud-Based), By Application (Emergency Services, Dermatology, Neurology, Cardiology, Gynaecology), By End-User (Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgery Centers) and Geography Forecast till 2026About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.
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