.S. Physical Therapy Virtual and Telerehabilitation Services provide physical therapy through digital technologies including video calls and apps to assess, diagnose and treat patients remotely. It allows patients convenient access to physical therapy from the comfort of their homes.

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:

Rise in Remote Healthcare Services

The key trend propelling the growth of the U.S. Physical Therapy Virtual and Telerehabilitation Services market is the rise in remote healthcare services. The coronavirus pandemic has accelerated the adoption of virtual and telerehabilitation services as patients preferred remote consultations over in-person visits to avoid exposure. Additionally, virtual services improve access to care in rural areas by overcoming transportation barriers. This trend is expected to continue propelling market growth over the forecast period.

SWOT Analysis

Strength: Telehealth allows physical therapy services to reach patients in remote and rural areas. It provides continuity of care for patients unable to attend in-person visits.

Weakness: Dependence on strong internet connectivity and digital devices. Privacy and security of personal health data is a concern. Physical therapists have less control over the treatment environment without in-person interactions.

Opportunity: The COVID-19 pandemic accelerated the adoption of telehealth and virtual care models. This provides an opportunity to supplement and scale physical therapy service delivery. Ageing population and growing chronic disease burden increase the need for remote rehabilitation solutions.

Threats: Reimbursement policies still lag behind the shift to virtual care. Competition from digital health startups entering the physical therapy space. Potential over-reliance on technology could undermine the human touch in physical therapy.

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 COVID-19 pandemic accelerated the adoption of telehealth and virtual care models, providing an opportunity to supplement and scale physical therapy service delivery. 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 North American region dominates the market currently due to the higher penetration of telehealth and telemedicine services. Factors such as growing geriatric population, increasing prevalence of chronic diseases, and favorable reimbursement policies are also contributing to the larger share of the North American region.

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. The market players are focusing on partnerships, new service launches and geographical expansions to gain more market share.

For more details on the report, Read- https://www.ukwebwire.com/u-s-physical-therapy-virtual-and-telerehabilitation-service-market/