Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The virtual rehabilitation is defined as kind of training where patient can interact with virtual or amplified environment with the help of technology. Complex virtual therapy exercise are created with strict control over the stimulus and cognitive load is experienced by the users. With the help of virtual rehabilitation one can interact with virtual world in 3D, thus providing more immersive experience which utilize more senses and brainpower. They are used for treatment of drug abuse and exercised in educational services and psychological health program. Telerehabilitation systems helps medical professionals for research, supervise, consult and diagnosis of disease. Telerehabilitation services may be provided by healthcare service provider in medical branches like physiotherapy.
The Europe virtual rehabilitation and telerehabilitation market is witnessing rapid growth during forecast period of 2021 to 2027. The virtual rehabilitation and telerehabilitation systems are gaining attention due to application possibilities expanding to diverse medical disciplines such as medical training, practise, psychiatry and rehabilitation. The major factors like rising partnerships of key player with research and development institutes is propelling growth of Europe virtual rehabilitation and telerehabilitation market. Increasing cases of disability is also refuelling growth of Europe virtual rehabilitation and telerehabilitation market. However, absence of skilled professionals is hindering the growth of Europe virtual rehabilitation and telerehabilitation market.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the virtual rehabilitation and telerehabilitation market. In addition, complete analysis of changes on virtual rehabilitation and telerehabilitation expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Europe economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The rising prevalence of COVID-19 in many countries is the key factor propelling growth of virtual rehabilitation and telerehabilitation market. Also, the necessity to maintain social distancing as preventive measure against the COVID-19 is refuelling growth of healthcare IT industries. Likewise, need for digitalization in healthcare field is boosting the growth of healthcare IT solutions. The COVID-19 pandemic situation has increased the surge to use internet as many people are working from home, which is impacting positively on the virtual rehabilitation and telerehabilitation market.
The Europe virtual rehabilitation and telerehabilitation market is segmented by product type, end user and country.
Based on product type, Europe virtual rehabilitation and telerehabilitation market is segmented as physical rehabilitation, neuro rehabilitation, cognitive rehabilitation and other rehabilitation. In which, cognitive rehabilitation is also contributing in the growth of Europe virtual rehabilitations and telerehabilitation market. Cognitive remediation therapy is a set of techniques which is designed for teaching of thinking skills and can be thought of as a form of cognitive rehabilitation. It comprised training in a set of tasks designed for improvement of cognitive abilities and social functioning.
Based on end user, the Europe virtual rehabilitation and telerehabilitation market is bifurcated by hospitals & clinics, rehabilitation centres and home care settings. In which home care settings is also contributing in the growth of Europe virtual rehabilitation and rehabilitation market. The rise in geriatric population is propelling growth of Europe virtual rehabilitation and telerehabilitation market. Increased in patient utilization of homecare settings is also refuelling growth of Europe virtual rehabilitation and telerehabilitation market.
The Europe virtual rehabilitation and telerehabilitation market is studied for countries like UK, Germany, France, Italy and Spain. In which United Kingdom is anticipated to dominate the market in 2020. The presence of big and well-established market players are propelling the growth of Europe virtual rehabilitation and telerehabilitation market. Rising product launch is also refuelling growth of Europe virtual rehabilitation and telerehabilitation market. The rising usage of virtual rehabilitation and telerehabilitation is also contributing in the growth of Europe virtual rehabilitation and telerehabilitation market.
The key players in the virtual rehabilitation and telerehabilitation market are 270 Vision Ltd., Corehab Srl, Brontes Processing, Hinge Health Inc., Sword Health Inc., Mira Rehab Limited, Bridgeway Senior Healthcare, Motek Medical B.V., Gesturetek Inc., Geminus-Qhom, Rehametrics, Virtualware Group, Motorika Medical Ltd., Neuro Rehab Vr, Litegait, Doctor Kinetic and Mindmaze among other.
August 2019: Ekso Bionic Holdings marketed EksoView. EksoView is a touch screen controller which allows therapist to provide assistance to disable peoples using real time feedback and perform analysis of outcomes with the help of EksoNR.
June 2019: Reflexion Health, Inc. granted the U.S. FDA 510(k) approval for the use of their Virtual Exercise Rehabilitation Assistant (VERA) which is a digital platform for physical therapy for ‘rehabilitating the trunk and upper extremities’.
March 2019: The Neuro rehab VR, a US based company in collaboration with the University of Texas at Arlington Research Institute (UTARI) for development of flexible soft robotic gloves which help in rehabilitating stroke patient through virtual rehabilitation gaming.
March 2018: Reflexion Health Inc., a US based digital health solution company, launched their next-gen solution, names as VERAhome and VERAClinic for patient and clinicians.
The study comprised of virtual rehabilitation and telerehabilitation market. In which study analysed various segments of market such as product type and end users. The study also impart dominating segment of the market. In 2020, product type segment is dominated by physical rehabilitation. Likewise, end user segment in dominated by rehabilitation centres. The study also comprised of geographical section of the market. In which, the United Kingdom is anticipated to dominate the market in 2020. The study also imparts the impact of COVID-19 on virtual rehabilitation and telerehabilitation market and study concludes that the rising prevalence of COVID-19 in many countries is the key factor propelling growth of virtual rehabilitation and telerehabilitation market. Also, the necessity to maintain social distancing as preventive measure against the COVID-19 is refuelling growth of healthcare IT industries. Likewise, need for digitalization in healthcare field is boosting the growth of healthcare IT solutions. The COVID-19 pandemic situation has increased the surge to use internet as many people are working from home, which is impacting positively on the virtual rehabilitation and telerehabilitation market. The study also imparts the major key players operating in the market.
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