Virtual Rehabilitation Industry Analysis, Leading Players and Forecast Report 2030

Posted by Aryan on December 6th, 2023

The virtual rehabilitation market will reach USD 2,312.3 million, advancing at a 24.3% compound annual growth rate, by 2030.

The progression of this industry can be mainly ascribed to the rise in the incidence of disability as well as the increase in the utilization of virtual reality for patient treatment.

Virtual reality technologies are increasingly becoming available and affordable to utilize, therefore, the attention to utilizing them for rehabilitation is on the rise. Advancements in technology have allowed the production of cost-effective and available VR systems for utilization in various settings.

In recent years, the physical rehabilitation category, based on type, accounted for the largest virtual rehabilitation market share. Because of its real-time multimodal abilities, virtual reality-based physical rehabilitation can encourage effective procedures of treatment adherence as a procedure supervised by humans. Moreover, physical rehabilitation can enhance quantitative feedback for the therapist as well as the user.

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In the past few years, North America accounted for the dominating share in the virtual rehabilitation industry. The rising support from the government in the form of policies, along with the increasing activities of product outsourcing will boost the footprint of virtual reality footprint in the regional industry, in the years to come. Moreover, the North American industry is also likely to be driven by the growing infrastructure of healthcare and numerous rehabilitation care guidelines.

The European virtual rehabilitation industry is advancing at the fastest rate. This is because of the surging count of disability cases in the continent. For instance, as per the World Health Organization, there are around 135 million disabled people in the country. Moreover, as the elderly population continuously increases along with the growing incidence of injuries and non-communicable illnesses, the number of disabled people is expected to increase in the years to come.

It is because of the mounting utilization of virtual reality in the treatment of patients as well as the rising disability cases, the virtual rehabilitation industry will continue to advance in the years to come.