Rehabilitation Products Market Foreseen to Grow With Key Companies Like Niva Medical, Physiotherapy Associates, La Nostra Famiglia, MHL Clinics, AliMed

Scientific advancements have led to the increase in life expectancy among the global population, thereby increasing the geriatric population base. This will propel the overall rehabilitation products market size. Geriatric patients usually develop such chronic medical conditions that need rehabilitation products for maintaining the health and well-being of their lives. Moreover, growing number of surgeries around the world along with rise in healthcare spends are likely to encourage the overall rehabilitation products. As stated by the National Center for Health Statistics, around 48 million surgical inpatient procedures were conducted in the U.S. alone, in 2009. Rehabilitation products are very essential for faster recovery as well as maintaining a proper health post-surgical procedure. This will give a positive push towards the overall growth of the market.

Rehabilitation Products Market Taxonomy

On the basis of product type, the global market is classified into:

Wheel Chairs
Wrist support
Traction kits cervical
Walkers, rotators and sticks
Adhesive bandage/skin traction
Cervical support
Knee/ankle support
Abdominal support
Traction kits pelvic, skin and ankle
Arm/shoulder support

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Some of the other drivers of the global rehabilitation products market are increasing disposable income leading to access to better healthcare and growing infrastructure in the healthcare industry, especially in highly populous emerging economies such as India and China. The general development pattern of the rehabilitation products industry is likely to be highly optimistic. This is applicable primarily to the developed economies, where the availability of modern medicines and advanced healthcare facilities are better when compared to developing countries. However, growth in healthcare facilities has been able to create a much wider patient base in the developing economies that can access and afford medical rehabilitation services. Therefore, the rehabilitation products market in the developing regions is expected to grow at a significant pace over the forecast period.

The rehabilitation products market is highly fragmented in nature. Many companies are investing heavily in their research and development activities to come up with different forms of rehabilitation products. Companies operating in the rehabilitation products industry in the current scenario are St Joseph's Care Group, Niva Medical Co., Physiotherapy Associates, La Nostra Famiglia, MHL Clinics, AliMed, US Physical Therapy, Select Medical, and RehabCare.

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