Physical Therapy Rehabilitation Solutions Market Estimated To Witness High Growth
SWOT Analysis
Strength: Physical Therapy Rehabilitation Solutions offer specialized and customized treatment plans focused on patient's specific needs. They enable better monitoring and documentation of patient's progress. Virtual and digital technologies used allow continuity of care and remote patient monitoring.
Weakness: High costs associated with implementation and maintenance of such advanced solutions. Rural areas may lack adequate infrastructure and connectivity required.
Opportunity: Growing geriatric population and rising cases of chronic diseases and disabilities will drive the demand. Advancements in virtual reality, artificial intelligence and wearable technologies present new opportunities.
Threats: Data privacy and security concerns may limit wider adoption. Traditional physical therapy practices offer lower costs and customized attention which is difficult to match.
Key Takeaways
The Global Physical Therapy Rehabilitation Solutions Market Size is expected to witness high growth, exhibiting CAGR of 7.7% over the forecast period, due to increasing prevalence of chronic diseases and road accidents. The market size is projected to reach US$ 28.86 Bn by 2023.
Regional analysis
North America dominated the global market in 2020 owing to presence of advanced healthcare infrastructure and favourable reimbursement schemes. Asia Pacific is anticipated to grow at fastest pace due to rising healthcare investments, growing geriatric population and improving access to healthcare in countries like China and India.
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. Physical therapy rehabilitation solution providers are focusing on developing virtual and digital platforms integrated with AI, VR and wearable devices.
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