The U.S. physical therapy virtual and telerehabilitation services market provides online physical therapy and rehabilitation services using digital platforms and connected devices. Online physiotherapy programs are designed to treat orthopedic disorders and musculoskeletal problems including chronic back pain, neck pain, shoulder pain, and sports injuries. Online consultations and prescription of therapeutic exercises help patients undergo rehabilitation in the comfort of their homes and workplaces.
The global physical therapy virtual and telerehabilitation services market is estimated to be valued at US$ 181.9 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The increased accessibility of online physical therapy due to the COVID-19 pandemic is expected to be a major driver for the growth of the U.S. physical therapy virtual and telerehabilitation services market over the forecast period. The outbreak led several hospitals and clinics to adopt virtual care solutions to avoid non-essential visits and curb virus transmission. This increased patient's awareness about the effectiveness of remote therapy programs. Moreover, the convenience and flexibility of virtual care prompted many patients to continue opting for online consultations even after pandemic restrictions were lifted.
Another driver for the market growth is the rising prevalence of chronic musculoskeletal conditions among the aging American population. According to the Centers for Disease Control and Prevention, around 127 million U.S. adults aged 18 years and older suffer from some form of doctor-diagnosed arthritis. Such conditions often require long-term physical rehabilitation which can be effectively supported through virtual services. Remote physiotherapy programs help improve mobility and quality of life for older adults in general.
Segment Analysis
The Global U.S. Physical Therapy Virtual And Telerehabilitation Services Market is broadly segmented into Telerehabilitation and Virtual Rehabilitation. The Telerehabilitation segment currently dominates the market with over 60% share owing to the increasing demand for remote consultation and virtual care delivery amidst the pandemic. It allows effective triaging of patients and delivery of rehabilitation services like physical, speech and occupational therapies to patients remotely through video calling and monitoring tools.
PEST Analysis
Political: The market is positively influenced by government policies promoting digital healthcare and telehealth. Regulations related to privacy and security of patient data also impact the market.
Economic: Rising healthcare costs and need for cost-effective healthcare solutions is driving the adoption of virtual and telerehabilitation services.
Social: Increase in geriatric population, chronic diseases and disabilities requiring long term rehabilitation services favors market growth. Convenience of receiving therapy at home is a key social factor.
Technological: Advances in telecommunications, remote patient monitoring devices and virtual reality are enhancing the delivery of virtual rehabilitation solutions. 5G and AI based technologies will further aid market expansion.
Key Takeaways
The global U.S. Physical Therapy Virtual and Telerehabilitation Services Market is expected to witness high growth over the forecast period of 2023 to 2030. The North American region currently dominates with the largest share owing to advanced telehealth infrastructure and growing adoption rates. The global U.S. Physical Therapy Virtual and Telerehabilitation Services Market is estimated to be valued at US$ 181.9 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.
Regional analysis
The United States market accounts for over 80% market share led by states like California, New York and Texas. Canada is another major regional market driven by supportive regulatory environment and increasing healthcare expenditure.
Key players
Key players operating in the U.S. Physical Therapy Virtual and Telerehabilitation Services Market are Chevron Phillips Chemical Company, BASF SE, Evonik Industries AG, Arkema Group, Solvay SA, Taizhou Sunny Chemical Co., Ltd., Arkema Group, Prasol Chemicals Pvt. Ltd., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), Apollo Scientific Ltd., Sasol Ltd., Merck KGaA, Lanxess AG, and Zhejiang Weihua Chemical Co., Ltd.
For more details on the report, Read- https://www.pressreleasebulletin.com/u-s-physical-therapy-virtual-and-telerehabilitation-service-market/
