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Home Rehabilitation Products And Services Market Size Forecast: $139.00 Billion by 2029 | Global Outlook
Home Rehabilitation Products And Services
What Is the Projected Market Size Valuation of the Home Rehabilitation Products And Services Market by 2025?
The market size for home rehabilitation products and services has seen significant growth lately. The sector is expected to expand from $99.56 billion in 2024 to $106.64 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. The factors contributing to this growth in the past have been the backing of government and reimbursement strategies, the demand for post-operative recovery, the broadening of tele-rehabilitation services, cost-effectiveness against institutional care, and an increase in disability rates.
What Is the Estimated Market Growth Value for the Home Rehabilitation Products And Services Industry in 2029?
The market for home rehabilitation products and services is predicted to experience significant expansion in the coming years, increasing to $139.00 billion by 2029 with a compound annual growth rate (CAGR) of 6.9%. Several factors will contribute to this growth during the forecast period, such as the escalating prevalence of non-communicable diseases (NCDs), attempts to control healthcare costs, increasing demand for post-acute and post-surgical recovery, heightened awareness of early and preventive rehabilitation, and a rising consumer inclination towards home-based care. The forecast period will also see major trends like rehabilitation devices powered by AI, wearable sensors for surveillance, robotic assistance in rehabilitation, integration of smart homes, and remote monitoring of physiology via IoT.
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What Are the Growth Drivers and Opportunities in the Home Rehabilitation Products And Services Market?
The burgeoning trend of remote patient monitoring is anticipated to boost the expansion of the market for home rehabilitation products and services. Remote patient monitoring, or RPM, utilises digital tech to record and observe patient health data from outside the traditional healthcare environment, enabling medical professionals to oversee and manage patient progress from a distance. The increasing demand for home-based care, especially for the elderly and individuals recuperating from surgeries or injuries or grappling with chronic illnesses, is fueling the growth of RPM. Home rehabilitation products and services play a pivotal role in remote patient monitoring by offering the necessary tools and therapies to patients at home and allowing healthcare providers to monitor progress, compliance, and recovery in real-time. For instance, a recent study conducted by Vivalink Inc., a US-based healthcare tech firm, revealed in August 2023 that the use of remote patient monitoring among clinicians had surged to 81% from 20% in 2021, an increase of 305%. Furthermore, 84% of those currently utilizing RPM intend to extend their usage in 2024. Hence, the escalation in remote patient monitoring is catalysing the growth of the home rehabilitation products and services market.
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What Are the Primary Segments Covered in the Global Home Rehabilitation Products And Services Market Report?
The home rehabilitation products and services market covered in this report is segmented -
1) By Product Type: General Aids, Positioning Devices, Body Support Devices, Wheelchairs
2) By Service Type: Occupational Therapy, Speech Therapy, Physical Therapy, Respiratory Therapy
3) By Distribution Channel: Retail Store, Online Channel
4) By Application: Disabilities, Geriatric People
5) By End User: Homecare, Hospitals And Clinics, Ambulatory Care Center, Nursing Care Center
Subsegments:
1) By General Aids: Walkers, Crutches, Canes, Reaching Aids, Dressing Aids
2) By Positioning Devices: Patient Transfer Boards, Slide Sheets, Bed Positioning Pillows, Wheelchair Cushions, Limb Positioning Supports
3) By Body Support Devices: Braces And Orthotic Supports, Cervical Collars, Back Supports, Knee And Ankle Supports, Compression Garments
4) By Wheelchairs: Manual Wheelchairs, Electric (Powered) Wheelchairs, Transport Wheelchairs, Standing Wheelchairs, Reclining Wheelchairs
What Are the Top Growth Trends in the Home Rehabilitation Products And Services Market?
Key players in the home rehabilitation products and services market are concentrating on innovative strategies, such as adopting integrated telehealth platforms, to improve care coordination remotely, enhance treatment adherence, and offer patients a smooth recovery journey in both clinical and home environments. These platforms are cloud-based digital health ecosystems that merge remote monitoring, video conferences, and data analytics to link patients and clinicians for immediate rehabilitation advice and tracking progress. For example, in January 2024, US-based Ekso Bionics Holdings Inc, known for their medical exoskeletons, introduced the EksoNR GaitCoach software to enhance gait teaching during rehabilitation therapy. This software operates as an immediate analytical instrument that offers therapists smart feedback on gait, evaluating important factors like step symmetry, stride length, swing time, and trunk lean. It gives therapists priority alerts about gait anomalies, allowing them to make necessary and immediate adjustments during training sessions. Additionally, the software supports dynamic control, permitting modifications to swing and stance help in real-time and tailoring therapy according to individual patient requirements.
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Which Companies Are Shaping the Future of the Home Rehabilitation Products And Services Market?
Major companies operating in the home rehabilitation products and services market are Medline Industries LP, Stryker Corporation, Bayada Home Health Care Inc., Maxim Healthcare Services Inc., LHC Group Inc., Enovis Corporation, Invacare Corporation, Norco Inc., Arjo Inc., Amedisys Inc., Drive DeVilbiss Healthcare LLC, Performance Health LLC, Handicare Stairlifts International, AliMed Inc., GF Health Products Inc., Dynatronics Corporation, Prism Medical Ltd., Ekso Bionics Holdings Inc., LL Corpus Cogere Inc., Medical Depot Inc.
Which Region Holds the Largest Market Share in the Home Rehabilitation Products And Services Industry?
North America was the largest region in the home rehabilitation products and services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home rehabilitation products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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