February 22, 2024

The Global U.S. Physical Therapy Virtual And Telerehabilitation Services Market Growth Accelerated By Rise In Demand For Accessible Rehabilitation Services

The U.S. physical therapy virtual and telerehabilitation services facilitate virtual rehabilitation programs for conditions like arthritis, stroke, spinal cord injury, and other mobility impairments remotely via video calls and digital platforms. These virtual services enable patients to receive supervised physical and occupational therapy in the comfort of their own home, reducing travel requirements and costs associated with in-clinic treatments.

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, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

With the use of virtual and telerehabilitation services, patients can receive therapy guidance across varied mobility issues without having to travel long distances to physical therapy clinics. This provides more flexibility and convenience to users. Moreover, the COVID-19 pandemic has further accelerated the adoption of these virtual services as people switched to remote digital healthcare solutions to receive care while maintaining social distancing protocols. Various healthcare providers have also recognized the benefits of virtual care models and are expanding their virtual and telehealth offerings, which is positively impacting the growth of this market. With continuous technological advancements, virtual rehabilitation solutions are becoming more effective and user-friendly. The trend towards personalized and value-based healthcare is also expected to drive wider utilization of telehealth and virtual therapy programs going forward.

Segment Analysis
The U.S. physical therapy virtual and telerehabilitation services market is segmented into component and application. The component segment is further bifurcated into software and hardware. The software segment dominates the market as software enables virtual rehabilitation services through various telerehabilitation platforms. It also facilitates improved documentation and storage of clinical records through electronic health records (EHR).

Key Takeaways

The Global U.S. Physical Therapy Virtual And Telerehabilitation Services Market Size 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 Western region occupies the largest share of the U.S. physical therapy virtual and telerehabilitation services market. Factors such as high healthcare expenditure, growing geriatric population, and increasing prevalence of chronic diseases drive the market growth in this region. The presence of major players and adoption of advanced technologies also support market growth.

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, Zhejiang Weihua Chemical Co., Ltd., Tokyo Chemical Industry UK Ltd.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it