Home Rehabilitation Products Market Size, Share and Global Trend By Product Type (Wheelchairs, General Aids, Body Support Devices, Positioning Devices), By Therapy Type (Physical Therapy, Occupational Therapy , Speech Therapy, Vision Therapy, Psychological Therapy, Aquatic Therapy, Music Therapy), By Patient Type (Adult, Pediatric), and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Home rehabilitation products are designed to restore physical, sensory and mental abilities of the patient, due to factors such as injury or chronic diseases, with an aim to improve the health of the patient at home care settings. During the last decade demand for home rehabilitation has grown due to distinct benefits of home rehabilitation products such as increased patient comfort, decreased treatment costs, increased efficiency of rehabilitation products. Due to the increasing adoption of home rehabilitation, many healthcare institutions such as SA Health, HealthSouth Corporation, Lakeland Health, Apollo Hospitals, and others have started providing rehabilitation services at patient’s residence. Apart from this, the integration of technology and healthcare facilities have led to new advances in home rehabilitation products such as robotics.
Rising demand for innovative and advanced rehabilitation facilities improved care and support process, improved patient comfort, combined with an aging population, are significant drivers for the growth of the global home rehabilitation products market. In a number of developed markets such as in Japan and North America, with the increase in the geriatric population, there has been a significant demand for technologically advanced and safe home rehabilitation products and services. The increase in chronic and serious diseases such as cardiovascular diseases and cancers are further contributing to the increasing demand.
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However, lack of improved supply chain distribution for rehabilitation products in African and Asia Pacific region, lack of skilled technicians in the healthcare sector, and lack of awareness about advanced rehabilitation products in emerging countries are factors restraining the growth of the global home rehabilitation products market.
Key Players Covered
Some of the major companies that are present in the global home rehabilitation products market are Stryker, Invacare Corporation, Hocoma, AliMed, Inc., Active Medical & Rehabilitation Services, ergoline GmbH, Medline Industries, Inc., DJO Global, Inc., Prism Medical UK, Performance Health, Reflexion Health, and others.
SEGMENTATION
SEGMENTATION | DETAILS |
By Product Type | · Wheelchairs · General Aids · Body Support Devices · Positioning Devices |
By Therapy Type | · Physical Therapy · Occupational Therapy · Speech Therapy · Vision Therapy · Psychological Therapy · Aquatic Therapy · Music Therapy · Others |
By Patient Type | · Adult · Pediatric |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
Among the segmentation, physical therapy in the therapy type segment is projected to hold a considerable share of the global home rehabilitation products market due to an increasing proportion of the geriatric population and their associated healthcare issues which may give rise to considerable mobility issues.
Key Insights
- PESTEL Analysis
- Pricing Analysis of Key Players in Major Countries/Regions
- Recent Industry Developments such as Partnerships, Mergers, and Acquisitions
- Recent Advancements in Home Rehabilitation Products
- Demand Analysis
- Market Strategies of Major Players
Regional Analysis
North America dominates the global home rehabilitation products market owing to rise in adoption of assistive technologies such as wheelchairs, tricycles, hearing devices, ocular devices, and others, a collaboration between healthcare settings and organizations, rise in prevalence of musculoskeletal disorders, developed healthcare infrastructure and improved ergonomics and efficiency of home rehabilitation products. Asia Pacific holds huge potential for global home rehabilitation products market owing to growth in demand of advanced rehabilitation products, reduced treatment costs as compared to outpatient rehabilitation centres, unmet need for home rehabilitation products in African and South East Asian nations and implementation of government campaigns for awareness about rehabilitation products in Asian nations like India, China, Sri Lanka, Indonesia and others.
Key Industry Developments
- In April 2018, Therainc, Inc., a U.S. based start-up announced the launch of their tele-rehabilitation platform, TheraNow, an online platform that connects patients and physical therapists through teletherapy at homecare settings
- In March 2018, Reflexion Health announced the launch of their next-generation product offering of VERA, a virtual exercise rehabilitation assistant, that was approved and cleared by the FDA
- In February 2015, Hocoma launched the world’s first ever robotic exoskeleton for the purpose of arm and hand rehabilitation after stroke
- Ongoing
- 2023
- 2019-2022
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