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Telerehabilitation Systems Market to Expand by USD 532.9 Million (2024-2028), Driven by Chronic Disease Rise and AI Influence – Technavio

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NEW YORK, Oct. 16, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global telerehabilitation systems market size is estimated to grow by USD 532.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 20% during the forecast period. Increasing incidence of chronic diseases is driving market growth, with a trend towards advent of advanced technologies. However, complexities in implementation of internet connection poses a challenge. Key market players include BRONTES PROCESSING Sp. Z o.o. Ltd, Cisco Systems Inc., CoRehab srl, DIH Group, Evolv Rehabilitation Technologies SL, GestureTek Health, Hinge Health Inc., Honeywell International Inc., Jitrnonix, KineQuantum SAS, Kineto Tech Rehab SRL, Koninklijke Philips N.V., LiteGait, MindMaze SA, MIRA Rehab Ltd., NeoRehab, Rehametrics, Robert Bosch GmbH, SWORD Health Technologies Inc., and Tyromotion GmbH.

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Telerehabilitation Systems Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 20%

Market growth 2024-2028

USD 532.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.2

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, China, Germany, Canada, and France

Key companies profiled

BRONTES PROCESSING Sp. Z o.o. Ltd, Cisco Systems Inc., CoRehab srl, DIH Group, Evolv Rehabilitation Technologies SL, GestureTek Health, Hinge Health Inc., Honeywell International Inc., Jitrnonix, KineQuantum SAS, Kineto Tech Rehab SRL, Koninklijke Philips N.V., LiteGait, MindMaze SA, MIRA Rehab Ltd., NeoRehab, Rehametrics, Robert Bosch GmbH, SWORD Health Technologies Inc., and Tyromotion GmbH

 

Market Driver

The integration of advanced technologies like machine learning, predictive analytics, blockchain, big data, IoT, augmented reality, and virtual reality in telehealth solutions, including telerehabilitation, is expected to boost their adoption during the forecast period. The healthcare industry’s implementation of Industry 4.0 technologies, such as sensors, IoT, AI, augmented reality, and virtual reality, is driving operational efficiencies and strategic advantages. With the use of Industry 4.0, healthcare companies can effectively monitor patients in real-time and provide treatment remotely. Virtual reality systems in healthcare processes offer connectivity, enabling data collection and generating insights via IIoT. These factors will create significant opportunities for the global telerehabilitation systems market. 

The Telerehabilitation Systems Market is experiencing significant growth due to telemedicine policy reforms and the integration of AI technology. Patients value the convenience and accessibility of remote rehabilitation services, leading to high patient satisfaction. Telehealth policies support the use of software and hardware, including virtual reality, motion sensors, and telecommunication technologies, in orthopedic applications, physical therapy, speech-language therapy, occupational therapy, audiology, and psychology. Rehabilitation specialists can now provide real-time assessment and therapy in homecare settings and healthcare facilities. The aging and geriatric population’s increased need for healthcare access is driving the market forward. However, concerns regarding data infringement and the need for reliable internet and telecommunication networks remain challenges for healthcare providers. Overall, telerehabilitation and e-rehabilitation services offer promising solutions for improving patient outcomes and expanding access to rehabilitation services. 

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 Market Challenges

Telerehabilitation systems offer numerous benefits for healthcare organizations and patients, enabling remote therapy sessions and monitoring. However, a reliable Internet connection is essential for their successful implementation. Rural hospitals, characterized by limited workforce and resources, face challenges in adopting telerehabilitation due to the absence of dependable Internet connections. Internet service providers find it unprofitable to expand into rural areas due to the low number of users and high installation costs. This situation limits telerehabilitation access for rural residents, potentially hindering market growth during the forecast period.The Telerehabilitation market is witnessing significant growth due to the increasing prevalence of disorders such as traumatic brain injury, cerebrovascular accidents, and chronic conditions like osteoarthritis and drug or alcohol addiction. Digital technologies, including smartphones and the internet, have made telerehabilitation more accessible. However, challenges persist in providing clinical therapy, behavioral therapy, neurological therapy, and cognitive rehabilitation for the pediatric population. Healthcare costs and digital health technologies pose obstacles, but remote patient monitoring, tele physiotherapy, and e-visits offer cost-effective solutions. Rehabilitation professionals use software segments like Rehametrics, fitness programs, and telehealth technology for engagement and continuity of care. Telecommunication infrastructure, video conferencing, mobile applications, and wearable devices enhance patient-centric care. Security of health data and insurance coverage are crucial considerations. Artificial Intelligence is revolutionizing telerehabilitation, with solutions like VERA offering personalized treatment plans.

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Segment Overview 

This telerehabilitation systems market report extensively covers market segmentation by

Product 1.1 Hardware1.2 SoftwareType 2.1 Physical therapy2.2 Occupational therapy2.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Hardware- The global telerehabilitation systems market is primarily driven by the hardware segment, which includes head-mounted displays (HMDs), sensor motion tracking systems, and haptic devices. HMDs create a parallax effect, enabling the brain to perceive depth. Sensors, integrated with gyroscopes and accelerometers, detect body movement, providing sensory data for software inputs. Hardware demands higher initial investments but offers superior performance. The rising need for advanced rehabilitation platforms for occupational and physical therapy, as well as robot-assisted rehabilitation, fuels hardware segment growth. Vendors provide home and center-based solutions for post-COVID patients with mild to moderate disabilities, requiring frequent monitoring and social distancing. Telerehabilitation’s convenience and safety make it an ideal response in the post-acute COVID phase.

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Research Analysis

Telerehabilitation, also known as e-rehabilitation, refers to the delivery of rehabilitation services using telecommunication networks, particularly the internet. This digital health technology enables medical professionals to provide diagnosis, therapy, and consultation remotely for various rehabilitation needs, including physical therapy, speech-language therapy, occupational therapy, audiology, and more. The telerehabilitation market continues to grow as telecommunication infrastructure advances, enabling remote healthcare services for individuals with chronic conditions and diseases, as well as for the aging and geriatric population. Telehealth services utilize video conferencing, mobile applications, and wearable devices for virtual consultation and remote monitoring. Digital health technologies, such as software and telecommunication technologies, play a crucial role in the delivery of these services. Telerehabilitation applications extend to orthopedic and homecare settings, expanding healthcare access and improving patient outcomes.

Market Research Overview

Telerehabilitation, also known as e-rehabilitation, refers to the delivery of rehabilitation services through telecommunication networks, including the internet. This innovative approach allows medical professionals to provide diagnosis, therapy, and clinical assessment to patients remotely, using digital technologies such as video conferencing, mobile applications, and wearable devices. Therapy modalities include physical therapy, speech-language therapy, occupational therapy, audiology, psychology, and more. Disorders treated range from traumatic brain injury and cerebrovascular accidents to pediatric population, drug and alcohol addiction, osteoarthritis, and chronic conditions. Digital health technologies, including smartphones, internet penetration, and telehealth policies, have driven the growth of this market. Rehabilitation professionals use software and hardware, such as Rehametrics and VERA, to deliver clinical therapy, behavioral therapy, neurological therapy, and cognitive rehabilitation. Telehealth services have become increasingly important for remote patient monitoring, e-visits, and virtual consultation in homecare settings. Telecommunication infrastructure, patient engagement, continuity of care, and patient-centric care are key considerations in the telerehabilitation market. Health data security, insurance coverage, and telemedicine policy reforms are also important factors. Artificial Intelligence (AI) and virtual reality are emerging trends in telerehabilitation, offering new possibilities for patient outcomes and healthcare accessibility. The aging population and geriatric population are major beneficiaries of telerehabilitation, as it enables remote monitoring and virtual consultation in the homecare setting.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductHardwareSoftwareTypePhysical TherapyOccupational TherapyOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TIER IV and Hitachi Astemo join hands on autonomous driving systems: Introducing SOAFEE-compliant SDV architecture

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TOKYO, Oct. 16, 2024 /PRNewswire/ — TIER IV, the pioneering force behind Autoware*, the world’s first open-source software for autonomous driving, is excited to announce the launch of a joint initiative with Hitachi Astemo to advance autonomous driving systems and software-defined vehicles (SDVs). This collaboration, leveraging Autoware’s capabilities, builds on both companies’ engagement with the Autoware Foundation (AWF) and Scalable Open Architecture for Embedded Edge (SOAFEE) initiative. With their sights set on 2030, the companies are intensifying their efforts to deliver innovative solutions for mass production vehicle models.

Amid major shifts in the automotive industry, a new class of suppliers dubbed Tier 0.5 is emerging, offering value-added solutions that go beyond conventional Tier 1 models. Positioned as a Tier 0.5 supplier, Hitachi Astemo provides comprehensive system solutions that consider the entire vehicle’s architecture. In line with this goal, the company is developing a reference system (Internet of Vehicles Platform: IoV PF) for system development tailored to the needs of automakers. Hitachi Astemo is also pioneering a cloud-native software architecture that facilitates development and standardizes specifications on the cloud. These innovations will significantly enhance development efficiency, elevate product quality, reduce costs, and enable faster time-to-market. The architecture will integrate Autoware as the core autonomous driving software.

TIER IV has been actively collaborating with key members of AWF and SOAFEE to define industry-standard and expand the reach of the Open AD Kit, a comprehensive referential development kit for autonomous driving systems built on Autoware. Looking forward, TIER IV plans to enhance clound-native environments for the kit and support the development of autonomous driving systems based on the SOAFEE-compliant SDV architecture. This collaboration will leverage Hitachi Astemo’s reference system to accelerate the next-generation Open AD Kit project.

In addition to these efforts, TIER IV is accelerating the development of a large-scale, cooperative machine learning operations (MLOps) infrastructure and embedded edge AI models specifically designed for autonomous driving systems. With the launch of the Co-MLOps project in January 2024, TIER IV will spearhead the creation of a global framework that allows companies worldwide to collaborate and share data, accelerating advancements in machine learning and edge AI development. These capabilities will be integrated into the Open AD Kit and will also be aligned with Hitachi Astemo’s reference system.

Through this joint development with Hitachi Astemo, TIER IV is committed to driving the development of autonomous driving systems that add significant value to automakers’ mass production models, shaping the future landscape of the automotive industry.

*Autoware is a registered trademark of the Autoware Foundation.

About TIER IV

TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.

Media Contact

pr@tier4.jp

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SOURCE TIER IV, Inc.

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INFINITIX ventures into Japan’s AI market by establishing INFINITIX Japan and attracting significant attention by showcasing its core product AI-Stack at Tokyo CEATEC 2024.

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TOKYO, Oct. 17, 2024 /PRNewswire/ — Taiwan’s AI infrastructure solutions leader, INFINITIX, has officially launched its Japanese subsidiary, INFINITIX Japan, to expand its presence in Japan’s AI market. This move aims to provide cutting-edge AI solutions, helping local businesses drive digital transformation, improve AI ROI, and foster innovation.

INFINITIX’s flagship product, AI-Stack, has seen great success in Taiwan, supporting businesses with AI infrastructure and partnering with top tech firms to launch Taiwan’s leading AI computing center, AICC. AI-Stack has earned NVIDIA’s Solution Advisor – Preferred Level certification as the preferred solution for AI infrastructure and GPU resource scheduling. With INFINITIX Japan, these successes will now extend to the Japanese market, helping businesses meet growing AI demands. As generative AI rises, companies face challenges like high GPU costs and increased hardware investments. INFINITIX addresses these with flexible GPU management, no-code setup, and automated workflows, boosting efficiency and AI ROI. The launch of INFINITIX Japan ensures fast, local support for business needs and system maintenance.

At Tokyo CEATEC from 2024 October 15 to 18, INFINITIX debuted its next-generation AI-Stack solution, drawing considerable attention from attendees. Through this event, INFINITIX aims to enhance its visibility in Japan, leveraging its strong AI capabilities to provide groundbreaking solutions for Japanese businesses, helping them gain a competitive edge in digital transformation.

The establishment of INFINITIX Japan marks another significant milestone in the company’s international expansion. This strategic move allows Infinitix to further penetrate the Asian market and continue its commitment to leading the AI industry, collaborating with Japanese businesses to create an intelligent future.

INFINITIX Inc.
Beyond AI, to infinity

INFINITIX specializes in AI GPU resource scheduling and management, helping businesses maximize GPU efficiency. As a global NVIDIA Inception Program partner since 2019 and Taiwan’s only AI software provider with NVIDIA Solution Advisor – Preferred Level certification, INFINITIX delivers top-tier AI infrastructure solutions with its AI-Stack platform, driving AI industry innovation.

For more information, please visit our official website: https://infinitix.co/

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SOURCE Infinitix Inc.

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Trip.com Obtains IATA GoGlobal Accreditation

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Trip.com’s IATA GoGlobal accreditation strengthens its recognition across the airline industry. Helps Trip.com access support services provided by IATA.

SINGAPORE, Oct. 17, 2024 /PRNewswire/ — Trip.com has received the International Air Transport Association’s (IATA) GoGlobal accreditation, the gold standard for travel agency validation and a milestone that recognises Trip.com’s ability to operate and work with global airlines across multiple markets. 

IATA GoGlobal Certification

IATA’s multi-country accreditation (also known as GoGlobal) is highly regarded and well-recognised as an accreditation model within the Passenger Sales Agency Rules. It recognises that the company has met rigorous global standards for handling international travel services within aviation, including ticketing and sales. Achieving IATA GoGlobal accreditation brings greater credibility and recognition to Trip.com, and helps simplify interaction with global airlines.

Building on a Strategic Partnership

This achievement follows Trip.com’s recent entry into IATA’s Strategic Partnership Program, strengthening relationships with key industry stakeholders. The decision to join was driven by Trip.com’s commitment to enhancing customer experience and staying at the forefront of product development and new technologies in the travel industry.

Looking ahead, Trip.com is excited to deepen cooperation with IATA to support industry innovation and shape the future of travel, creating a more connected and convenient journey for all.

“We welcome Trip.com on converting to the GoGlobal accreditation level. IATA accreditation allows travel agents to connect more conveniently with a wide range of travel industry partners, simplify their business relationship with airlines, and enhances their credibility with airlines and their customers. Given the scale of their operations around the world, we are delighted that Trip.com recognised the value in converting from multiple GoStandard accreditations to one at the GoGlobal level. We look forward to working with Trip.com and supporting them as they grow their business,” said Juan Antonio Rodriguez, IATA’s Director for Financial Settlement Operations.

Chee Teong Ooi, Trip.com Group’s VP of Global Flights Business and CEO of Travix said, “We are thrilled to have obtained IATA’s GoGlobal Accreditation as it affirms our capability to comply with multi-country financial criteria. As we continue to innovate and collaborate with IATA, we aim to enhance connectivity and convenience, providing an exceptional travel experience for everyone.” 

About Trip.com

Trip.com is an international one-stop travel service provider, available in 24 languages across 39 countries and regions in 35 local currencies. Trip.com has an extensive hotel and flight network consisting of more than 1.7 million hotels and flights from over 600 airlines covering 3,400 airports in 220 countries and regions around the globe. Trip.com‘s world-class 24/7 multilingual customer service, as well as additional centres in Edinburgh, Tokyo and Seoul, help to ‘create the best travel experience’ for its millions of customers worldwide. To book your next trip, visit Trip.com.

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SOURCE Trip.com

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