The global Physical Therapy Rehabilitation Solutions Market is estimated to be valued at US$ 28.86 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Physical therapy rehabilitation solutions provide remote treatment and supervision for patients through digital medium like videos and apps to help manage their condition at home. This makes treatment more accessible and cost-effective for clients.
Market key trends:
It allows physical therapists to monitor patients remotely and provide virtual care. Digital tools assess physical mobility through sensors and cameras, enabling therapists to track recovery progress. Meanwhile, virtual reality is also being deployed to develop personalized rehabilitation programs for improved patient engagement. Growth in chronic diseases coupled with shortage of physical therapists is prompting facilities to adopt digital platforms for enhanced patient management as well as staff efficiency.
Segment Analysis
The Global Physical Therapy Rehabilitation Solutions Market Size is segmented into product, application, end-user and region. Based on product, the market is segmented into enterprise solutions and cloud based solutions. The enterprise solutions segment dominated the market in 2022 owing to high adoption by healthcare providers due to enhanced data storage, and security features.
Key Takeaways
The global physical therapy rehabilitation solutions market is expected to witness high growth, exhibiting a CAGR of 7.7% over the forecast period, due to increasing cases of chronic diseases and road accidents globally.
Regional analysis
North America dominated the global market in 2022 and is expected to maintain its dominance over the forecast period. This is attributed to the growing geriatric population, occurrence of chronic diseases, and favourable government initiatives for adopting physical therapy rehabilitation solutions in the region. The Asia Pacific region is expected to exhibit the highest growth during the forecast period owing to increasing healthcare expenditure and growing awareness regarding physical therapy in emerging countries like India and China.
Key players
Key players operating in the physical therapy rehabilitation solutions market are Reflexion Health, AC INTERNATIONAL EAST, Cerner Corporation, Kareo, Inc, TherapySync, eviCore healthcare, Meditab, Isalus, Smith+Nephew, CoRehab srl, Hinge Health, Inc, SWORD Health, Inc, MIRA Rehab Limited, Motekforce Link, and GESTURETEK HEALTH. Reflexion Health offers cloud-based physical therapy software solutions across various therapy areas to improve patients' quality of life and clinical outcomes. Cerner Corporation provides physical therapy EHR solutions that help practices simplify documentation and enhance patient care.
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