U.S. Physical Therapy Virtual and Telerehabilitation Services Market Is Estimated To Witness High Growth Owing To Increasing

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The U.S. Physical Therapy Virtual and Telerehabilitation Services market is estimated to be valued at US$142.2 Mn in 2021 and is expected to exhibit a CAGR of 13.1% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Physical Therapy Virtual and Telerehabilitation Services are remote healthcare services that leverage technology to provide rehabilitation therapy to patients. These services allow patients to receive therapy sessions from the comfort of their homes, reducing the need for in-person visits and increasing convenience. The advantages of these services include increased accessibility, personalized care, cost-effectiveness, and time savings. The rising demand for telehealth services, especially during the COVID-19 pandemic, has further accelerated the adoption of physical therapy virtual and telerehabilitation services.

Market Key Trends:
One key trend in the U.S. Physical Therapy Virtual and Telerehabilitation Services market is the increased adoption of telehealth services by healthcare providers and patients. The COVID-19 pandemic has led to a significant shift towards virtual healthcare services, including rehabilitation therapy. Healthcare providers have increasingly embraced telehealth platforms to ensure continuity of care for their patients. Patients, on the other hand, have recognized the convenience and flexibility offered by virtual therapy sessions, leading to higher acceptance and utilization.

For example, many physical therapy clinics have implemented virtual platforms such as VPT (Virtual Physical Therapists) and MindStreet, Inc., allowing patients to receive therapy remotely. These platforms provide a wide range of therapy exercises and monitoring capabilities to ensure effective treatment.

PEST Analysis:
- Political: The political landscape in the U.S. plays a crucial role in shaping the telehealth industry. Government regulations and policies regarding telemedicine reimbursement, licensing, and privacy are key factors impacting the adoption and growth of physical therapy virtual and telerehabilitation services.
- Economic: The economic factors driving the growth of the market include cost savings associated with virtual therapy sessions, reduced healthcare expenses for patients, and increased efficiency in healthcare delivery.
- Social: The growing aging population in the U.S. and the increasing prevalence of chronic conditions are driving the demand for rehabilitation services. Virtual therapy provides a solution to address the challenge of accessibility and improve patient outcomes.
- Technological: Advancements in technology, such as improved video conferencing capabilities, remote patient monitoring devices, and virtual reality (VR) platforms, have significantly enhanced the effectiveness of virtual therapy sessions.

Key Takeaways:
- The U.S. Physical Therapy Virtual and Telerehabilitation Services Market Growth is expected to witness high growth, exhibiting a CAGR of 13.1% over the forecast period, due to increasing adoption of telehealth services.
- The fastest growing and dominating region in the market is the United States, given its well-established healthcare infrastructure, favorable reimbursement policies, and high acceptance of telehealth services.
- Key players operating in the U.S. Physical Therapy Virtual and Telerehabilitation Services market include MTI America, VPT (Virtual Physical Therapists), Conversa Health, MindStreet, Inc., MEDRISK, Global Outreach TeleRehabilitation Services, Inc., Empatha, GestureTek Inc., Neuro Rehab Vr, American Well, LiteGait, Doctor On Demand, Inc., Hinge Health, Inc., Care Innovations LLC., and Jintronix.

In conclusion, the U.S. Physical Therapy Virtual and Telerehabilitation Services market is experiencing significant growth due to the increasing adoption of telehealth services. The convenience, accessibility, and cost-effectiveness of virtual therapy sessions are driving the demand for these services. With the support of favorable government policies and advancements in technology, the market is expected to continue its growth trajectory in the coming years.