Press release
Global Home Rehabilitation Products and Services Market Covering Trends, Market Share and Forecast to 2025
MRRSE
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Global home rehabilitation products and services market. Some of the leading players in the market for 2014 included RehabCare, Stryker Corporation, Medline Industries, Prism Medical, DJO Global, and AliMed, all who shared the commonly popular tendency of going through mergers and acquisitions. The report also states that a large number of key strategies employed by newer entrants to the market are focused on renting rehabilitation products rather than purchasing them, while players are also forming collaborative agreements with healthcare providers.
According to the MRRSE report, the global home rehabilitation products and services market is slated to expand at a CAGR of 8.50% from 2015 to 2023. The market was calculated at US$84.2 bn in 2014 and is expected to reach US$176.1 bn by the end of 2023.
APAC Demand for Home Rehabilitation Products and Services to Surge
North America took up the leading share in the held the largest share in the global home rehabilitation products and services market for 2014, driven by a large elderly population percentage suffering from chronic diseases and a growing number of available surgical procedures in a highly advanced healthcare industry. Over time, Asia Pacific will be showing a much higher growth rate in its demand for home rehabilitation products and services, owing to an increasing count of patients suffering from strokes, mobility-related conditions, neck and back pain-related conditions, and burn injuries.
Wheelchairs led the global home rehabilitation products and services market in 2014 based on products, owing to the rising incidence of disabilities and rising global aging population. Based on services, the market was dominated by the demand for physical therapy due to factors such as the increasing financial ability of the elderly to treat conditions such as osteoporosis, arthritis, and hip and joint surgeries and replacements.
Increasing Geriatric Patient Count Propels Market Demand
“The global home rehabilitation products and services market is currently being driven by the growing prevalence of chronic diseases. The spike in chronic illness cases is directly proportional to the staggering rise in the geriatric population, as the baby boomer era comes to a close. This is creating a shift in core demographics for the healthcare industry and is expected to further fuel the need for home rehabilitation products and services over the coming years,” states a MRRSE analyst. As stated before by the U.S. Census Bureau, 76.4 mn baby boomers were present in the U.S. in 2014. This is a massive consumer base for the healthcare industry and is creating the need for several specializations in healthcare, especially in home healthcare areas.
The future of the global home rehabilitation products and services market is also likely to show a positive growth rate, owing to the advancements in the healthcare industry that are leading to a lower mortality rate among the elderly. Emerging economies are also expected to increase their demand for home rehabilitation products and services due to the swiftly expanding healthcare infrastructure in these regions and growing medical outreach towards remote areas.
The global home rehabilitation products and services market has been segmented based on various products and services used in home settings. The home rehabilitation products market has been categorized into major products used for providing rehabilitation services in home settings such as positioning devices, body support devices, general aids, wheel chairs, and others. The others segment is analyzed cumulatively, considering walkers, canes, crutches, arm and shoulder slings, bands, and other ancillary support products within this class. Based on service type, the market has been segmented into physical therapy services, occupational therapy services, speech therapy services, respiratory therapy services, and others (drug rehabilitation therapy, balance therapy, and other psychotherapeutic services). The market size for the period from 2013 to 2023 has been provided for each of the product and service categories mentioned above in terms of USD million. Along with the market size that were projected considering 2014 as the base year and 2013 as the historical year, the CAGR (%) of each market segment for the forecast period from 2015 to 2023 has also been provided.
This market study concludes with profiles of key players in the global home rehabilitation products and services market. The report outlines the companies in terms of overview, financial overview, product portfolio, business strategies, and recent developments. Key enterprises profiled in this study include AliMed, Inc., Active Medical & Rehabilitation Services Pvt. Ltd., DJO Global, Inc., ergoline GmbH, Ekso Bionics, Hocoma AG, Invacare Corporation, Medline Industries, Inc., Prism Medical, RehabCare, Stryker Corporation, and TecnoBody S.r.l.
Complete Report with Tables and Figures available at @ https://www.mrrse.com/home-rehabilitation-products-services-market
The global home rehabilitation products and services market has been segmented as follows:
Home Rehabilitation Products and Services Market, by Products
Positioning Devices
Body Supports Devices (Lumbosacral, Cervical, Knee/Ankle/Arm/Shoulder support, etc.)
General Aids (Bathroom Aids, Bedroom Aids, etc.)
Wheel Chairs
Others (Walkers, Canes, Crutches, Arm and Shoulder Slings, etc.)
Home Rehabilitation Products and Services Market, by Services
Physical Therapy Services
Occupational Services
Speech Therapy Services
Respiratory Therapy Services
Others
Home Rehabilitation Products and Services Market, by Geography
North America
U.S.
Canada
Europe
Germany
U.K.
Rest of Europe
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