U.S. Physical Therapy Virtual And Telerehabilitation Services Market Is Anticipated To Witness High Growth
U.S. Physical Therapy Virtual And Telerehabilitation Services Market Is Anticipated To Witness High Growth
The global U.S. physical therapy virtual and telerehabilitation services market is estimated to be valued at US$ 209.55 Bn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2030

Physical therapy virtual and telerehabilitation services involve providing physiotherapy consultations and treatment through virtual platforms such as video conferencing and mobile applications to patients from remote locations. They help assess patients to determine any functional deficiencies and impairment in body movement, develop customized treatment plans and provide instructions to patients to help them regain and improve their movements. The demand for such services has grown multifold during the Covid-19 pandemic as patients preferred virtual consultation and treatment over in-person visits to healthcare facilities to avoid infection risk.

The global U.S. physical therapy virtual and telerehabilitation services market is estimated to be valued at US$ 209.55 Bn in 2024 and is expected to exhibit a CAGR of 9.4% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the U.S. physical therapy virtual and telerehabilitation services are Inogen Inc., Invacare Corporation, OxygenToGo, LLC, Koninklijke Philips N.V., ResMed Inc., Drive DeVilbiss Healthcare LLC, Precision Medical, Inc., Besco Medical Co. Ltd., O2 Concepts, LLC, and GCE Group. These players are focusing on adopting innovative virtual technologies and collaborating with healthcare systems to strengthen their presence in the market.

The key opportunities in the market include rising accessibility of high-speed internet which is enabling wider adoption of virtual physiotherapy services and growth in telemedicine and telehealth. The entry of tech giants like Google and Apple into digital healthcare will further thrust growth.

The global expansion of key players in the market through partnerships, mergers and acquisitions will also drive growth. For instance, in June 2022, O2 Concepts partnered with Kinesio to provide virtual pulmonary rehabilitation programs across 47 U.S. states. In August 2022, Drive DeVilbiss Healthcare expanded into Brazil by partnering with Fisioline to supply respiratory therapy equipment.

Market drivers:


The increasing geriatric population prone to chronic diseases limiting mobility is a major driver for demand. Further, the growing preference for non-invasive and remotely accessible virtual treatment modalities is encouraging greater adoption.

Market restraints:


Lack of reimbursement coverage for virtual physiotherapy in some countries and lack of awareness regarding benefits of virtual treatment in some developing regions can hamper market growth. Additionally, digital divide related to non-availability of devices and internet connectivity in rural areas poses challenges.

Segment Analysis


The U.S. Physical Therapy Virtual And Telerehabilitation Services Market Demand  is dominated by the post-acute care sub segment. This sub segment accounts for over 50% of the total market share owing to rapid growth in geriatric population who require rehabilitation therapies at home or long term care facilities. The chronic condition care sub segment is also growing at a faster pace owing to increasing prevalence of conditions like stroke, cardiac disorders and orthopedic injuries which require prolonged rehabilitation.

Global Analysis


The North America region dominates the global Physical Therapy Virtual and Telerehabilitation Services market with the highest market share due to favourable reimbursement policies, higher per capita healthcare expenditure and growing adoption of virtual rehabilitation methods. Within North America, the U.S. accounts for over 80% of the market owing to presence of major players and higher awareness about these services among providers and patients. The Asia Pacific region is projected to grow at the fastest pace during the forecast period majorly due to rapid digitization of healthcare sector, improving access to digital healthcare services in major countries like China and India and prevalence of chronic conditions.

 

 

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