The home rehabilitation products & services market size is predicted surpass around US$ 260 billion by 2030 from US$ 130 billion in 2020, growing at a CAGR of 7.1% from 2021 to 2030.
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.
The home rehabilitation products & services market growth driven by rise in prevalence of chronic diseases, surge in population with disabilities, and increase in baby boomers.
Chronic medical conditions such as high blood pressure and diabetes, along with cardiovascular and respiratory diseases require regular and continuous monitoring. Increase in the number of people diagnosed with chronic diseases drives demand for home healthcare medical devices and services, which, in turn, is projected to boost demand for rehabilitation equipment.
The American Diabetes Association estimated that one in every three adults in the U.S. will have diabetes by 2050.
According to the WHO, COPD is the fourth leading cause of death across the world. Nearly 2.75 million people succumb to it every year. COPD is likely to be the third leading cause of death by 2030. According to the CDC, over 16 million people in the U.S. are living with respiratory disorders such as lung cancer, COPD, and heart diseases caused due to smoking.
Rise in number of people diagnosed with chronic conditions increases the uptake of various home care medical solutions such as rehabilitation products, body support devices, and mobility assistive devices. A report published by the Annals of Internal Medicine in 2013 stated that continuous monitoring of diseases with home medical devices provides a more accurate picture of chronic conditions rather than relying on repetitive hospital visits. Hence, rise in prevalence of chronic diseases is expected to increase the uptake of home healthcare devices and services, which, in turn, is likely to fuel the growth of the global home rehabilitation products & services market.
Wearable Modular Robotic Exoskeletons Devices Improve Rehabilitation of Limbs
The exoskeletons are being used as a tool to augment a physical rehab program that provides automated measurements of a patient’s progress and allows free movement for people with disabilities in a comfortable & safe form. The Ukrainian startup UniExo is gaining recognition for its wearable modular robotic exoskeletons devices that improve the rehabilitation of limbs. The companies in the home rehabilitation products & services market are innovating in devices that detect body position, and with the help of robotic algorithms, make a rehabilitation program under the remote supervision of a doctor.
Next-gen Wearable Sensors Automatically Save Data for Further Patient Analysis
Wearable sensors combined with software are allowing patients to perform exercises in a motivated and correct form. Italian company CoRehab is introducing its Riablo System, which is a wearable sensor used for rehabilitation with neurological, sports, and orthopedic patients of all ages. Such wearable sensors are being highly publicized for ensuring a more effective and fast recovery in patients. The companies in the home rehabilitation products & services market are taking cues from such innovations to develop inertial sensors that help to evaluate the results of each exercise and automatically save data for digital reports & further analysis.
Med-tech companies and startups in the home rehabilitation products & services market are innovating in wearable sensors that enable patients to perform exercises with biofeedback and acquire a functional range of motion. Exoskeletons and smart gloves are among other devices gaining increased popularity.
Increase in Number of Baby Boomers
Recent advancements in medical science have led to an increase in life expectancy of people, with more number of people exceeding the average age of 50 years. Changing demographics and increase in the geriatric population are shifting a substantial population to the high illness categories that require continuous medical interventions. Surge in the global geriatric population and changing lifestyles are the common risk factors associated with the development of chronic diseases.
According to the United Nations, the number of people aged 60 years and above is likely to increase from 841 million in 2013 to over 2 billion by 2050. According to the U.S. Census Bureau, in 2011, the baby boomers began turning 65 years of age and by 2029 over 20% of the U.S. population will be over 65 years of age.
The geriatric patient base would require repeated hospitalization. Hence, increase in the geriatric population and baby boomers is expected to drive demand for medical services at home, including rehabilitation services. This is likely to fuel the growth of the global home rehabilitation products and services market.
Surge in Population with Disabilities
Increase in number of persons with disabilities drives demand for rehabilitation products as well as services provided by ehabilitation service providers at home
In Asia Pacific, 690 million men, women, and children have some form of disability. The number is expected to rise over the next few decades, due to population aging, natural disasters, chronic health conditions, road traffic injuries, poor working conditions, and other factors. Despite constant increase in the number, persons with disabilities tend to be unseen, unheard, and uncounted.
Number of disabled persons is directly proportional to the sales of rehabilitation products & services. Moreover, patients prefer rehabilitation therapies at home due to the inability to travel to hospitals. This propels demand for home rehabilitation products & services.
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.
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.
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global home rehabilitation products & services market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
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.
By Product Type
This report focuses on home rehabilitation products & services market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall home rehabilitation products & services market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global home rehabilitation products & services market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global home rehabilitation products & services market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the home rehabilitation products & services market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of home rehabilitation products & services are as follows:
The research methodology adopted by analysts for compiling the global home rehabilitation products & services market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global home rehabilitation products & services market.
The study objectives of this report are:
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