Smart Portable Rehabilitation Devices Market Share, Trend Analysis, Key Drivers, Size And Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Smart Portable Rehabilitation Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $5.08 billion In 2028 At A CAGR Of 15.3% :

The smart portable rehabilitation devices market size has grown rapidly in recent years. It will grow from $2.49 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to increasing cases of disability among population, increasing use of virtual reality in treating patients, increasing adoption of vr technology in healthcare.

The smart portable rehabilitation devices market size is expected to see rapid growth in the next few years. It will grow to $5.08 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to population rapidly aging, increasing prevalence of non-communicable diseases, increasing various policies supporting virtual rehabilitation, growing emphasis on patient-centric healthcare. Major trends in the forecast period include product innovations, partnerships, advancements in virtual rehabilitation, newer technology and smoother internet connections.

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Smart Portable Rehabilitation Devices Market Major Segments
The smart portable rehabilitation devices market covered in this report is segmented -

1) By Type: Daily Living Aids, Mobility Equipment, Exercise Equipment, Body Support Devices
2) By Rehabilitation Type: Passive Rehabilitation, Active-Assistive Rehabilitation
3) By End-User: Hospitals And Clinics, Rehabilitation Centers, Physiotherapy Centers, Other End-Users

Key Driver - Rising Geriatric Population Fuels The Growth Of Smart Portable Rehabilitation Devices Market

The rising geriatric population is expected to propel the growth of the smart portable rehabilitation devices market going forward. The geriatric population refers to the segment of the population composed of elderly individuals or senior citizens. Smart portable rehabilitation devices help geriatric individuals maintain their independence and autonomy by providing them with the tools to monitor their health and engage in rehabilitation activities at their own pace. For instance, in October 2022, according to the World Health Organization, a Switzerland-based intergovernmental organization, the share of the population aged 60 years and over increased to 1.4 billion in 2022, and the world's population of people aged 60 years and older is expected to reach 2.1 billion by 2050. Therefore, rising geriatric populations are driving the growth of the smart portable rehabilitation devices market.

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Prominent Trend - Strategic Partnership For Enhanced Post-Surgery Rehabilitation Using Fitbit Wearable Technology

Major companies operating in the smart portable rehabilitation devices market are forming strategic partnerships to gain a competitive edge in the market. A strategic partnership is a collaborative agreement between two or more organizations to achieve mutually beneficial goals. For instance, in March 2022, Manipal Hospitals, an India-based healthcare company, partnered with ConnectedLife, a Singapore-based provider and integrator of advanced digital solutions and services. The partnership aims to use Fitbit wearable technology to provide continuity of care post-high-risk surgeries, such as total knee replacement, angioplasty, and cardiac bypass surgery. The partnership allows for remote monitoring and guidance of patients in their journey towards a healthy post-surgery recovery. The Fitbit devices, along with the patient monitoring platform, will read and record patient data such as heart rate, oxygen saturation level, sleep quality, steps, and pain score before and after the surgery. The captured data will be shared on the ConnectedLife platform for the doctors to assess.

Smart Portable Rehabilitation Devices Market Players
Major companies operating in the smart portable rehabilitation devices market report are Medline Industries Inc., Invacare Corporation, Caremax Rehabilitation Equipment Ltd, Hinge Health, Drive Devilbiss Healthcare, Kinova Robotics, GF Health Products Inc. , Dynatronics Corporation, Bioness Inc., Motion Composites, MindMaze, Neofect, Hocoma, Tyromotion, Myomo Inc., Esko Bionics, AlterG, ReWalk Robotics, LiteGait, suitX, Rifton Equipment, InnoMotion, Reha Technology AG, Rex Bionics, Kinestica, Ankon Medical Technologies, DyCare, Bionik Laboratories

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Largest And Fastest Growing Region In The Market
North America was the largest region in the smart portable rehabilitation devices market in 2023. The regions covered in the smart portable rehabilitation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Portable Rehabilitation Devices Market Report Structure
3. Smart Portable Rehabilitation Devices Market Trends And Strategies
4. Smart Portable Rehabilitation Devices Market - Macro Economic Scenario
5. Smart Portable Rehabilitation Devices Market Size And Growth
…..
27. Smart Portable Rehabilitation Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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