Press release
Home Rehabilitation Products & Services Market To Reach Valuation Of US$ 265 Bn By 2031: TMR
According to the report, the global home rehabilitation products & services market was valued at ~US$ 130 Bn in 2020 and is projected to expand at a CAGR of ~7% from 2021 to 2031. Rehabilitation measures target body functions and structures, activities and participation, environmental factors, and personal factors. Rehabilitation could include assistance to regain strength following hospitalization. Rehabilitation medicine is concerned with improving functioning through the diagnosis and treatment of health conditions, reducing impairments, and preventing or treating complications.
In terms of product type, the global home rehabilitation products & services market has been bifurcated into services and products. The services segments has been split into physical therapy, occupational therapy, speech therapy, respiratory therapy, and other therapies in the home rehabilitation products & services market. The products segment has been segregated into positioning devices, body support devices, general aids wheelchairs, and others.
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Home Rehabilitation Products & Services Market: Prominent Regions
North America held major share of the global home rehabilitation products & services market in 2020. The presence of key players and growth strategies adopted by these players are the major factors driving the home rehabilitation products & services market in the region. Europe accounted for the second largest share of the global home rehabilitation products & services market in 2020. The growth of the global home rehabilitation products & services market in the region can be attributed to a well-developed healthcare sector. The home rehabilitation products & services market in Asia Pacific is likely to grow at a rapid pace during the forecast period. Technological developments in home rehabilitation products & services are likely to propel the home rehabilitation products & services market in the region.
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Home Rehabilitation Products & Services Market: Key Players
Key players are expanding their footprint to consolidate their positions in the global home rehabilitation products & services market due to lucrative opportunities to increase their share. Hence, manufacturers engage in new development, collaborations, and distribution to gain market share in the global home rehabilitation products & services market. Leading players operating in the global home rehabilitation products & services market include Stryker Corporation, Prism Medical (subsidiary of Handicare Group AB), Invacare Corporation, DJO Global, Hocoma AG, Ekso Bionics Holdings, Inc., RehabCare, AliMed, Inc., Active Medical & Rehabilitation Services Pvt. Ltd., ergoline GmbH , Performance Health, and Medline Industries, Inc.
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