Global Home Rehabilitation Products And Services Market Size To Develop And Reach USD 217.07 Billion By 2032
The global home rehabilitation products and services market was capitalized at US$ 137.55 billion in 2023 and is projected to cross US$ 217.07 billion by 2032 at a CAGR of over 5.20%.
The rise in the occurrence of chronic disorders and the increase in the number of users with disabilities are expected to power the global market for home rehabilitation products and services in the years to come.
The global market for home rehabilitation products and services is fragmented owing to the existence of various emerging as well as established players. Major players active in the global market are Prism Medical, Stryker Corporation, DJO Global, Invacare Corporation, Ekso Bionics Holdings, Inc., Hocoma AG, AliMed, Inc., RehabCare, ergoline GmbH, Active Medical & Rehabilitation Services Pvt. Ltd., Medline Industries, Inc., and Performance Health.
Increase In Elderly Population To Power The Growth Of Global Market For Home Rehabilitation Products And Services
Rehabilitation programs are actions that assist users with disabilities by maintaining, improving, and restoring mobility and physical strength. The increase in the elderly population, technical enhancements, rise in occurrence of chronic diseases, rise in number of people suffering from disabilities, and the elevation in life expectancy are power the growth of the global rehabilitation products and services market. The global market is highly fragmented, unorganized, and competitive. This generates stagnation and makes the way for growth avenues for current players as well as newbies. On the other hand, the high price of rehabilitation offerings and the lack of suitable health insurance plans in developing countries are expected to hinder the global market for home rehabilitation products and services.
North America To Maintain Its Dominance In The Global Market For Home Rehabilitation Products And Services
North America grabbed a noteworthy share of the global market for home rehabilitation products and services due to the rise in elderly population, increase in the occurrence of chronic diseases, elevated access to health care, rise in number of surgical operations, accessibility of different reimbursement policies from private & public health insurance firms, increase in cases of respiratory infections, and rise in treatment price at hospital in the area. Almost 15 million individuals in 2023 in the US were diagnosed with COPD, as per the American Lung Association. COPD is an extremely prevalent cause of death in the US. Hence, the requirement for different rehabilitation offerings is expected to increase in the years to come. On the other hand, Asia Pacific is expected to observe the utmost development due to the high occurrence of mobility-associated injuries, strokes, burn injuries, and back & neck pain; enhancement in health care infrastructure; and attendance of a huge base of elderly population in the region.
Home Rehabilitation Products and Services Market: Competitive Analysis
The global home rehabilitation products and services market is dominated by players like:
- Stryker
- Medline Industries, LP
- Prism Medical UK
- Invacare Corporation
- DJO GLOBAL INDIA HEALTHCARE PRIVATE LIMITED
- Denise Hintermann Hocoma AG
- Ekso Bionics
- RehabCare
- AliMed
- ACTIVE MEDICAL AND REHABILITATION SERVICES PRIVATE LIMITED
- ergoline GmbH
- Performance Health
The global home rehabilitation products and services market is segmented as follows:
Based on Product Type
- Positioning Devices
- Body Support Devices
- General Aids
- Wheelchairs
Based on Services
- Physical Therapy
- Occupational Therapy
- Speech Therapy
- Respiratory Therapy
- Other Therapies
Based on End-Use
- Homecare
- Hospitals & Clinics
- Ambulatory Care Center
- Nursing Care Center
Based on Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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