Global home rehabilitation products & services market - Snapshot

Rehabilitation programs help patients improve, maintain, and restore physical strength and mobility in institutional and home care settings. The global home rehabilitation products & services market was valued at US$ 88,484.0 Mn in 2017 and is anticipated to expand at a CAGR of more than 7.0% from 2018 to 2026 to reach US$ 161,743.4 Mn by 2026. Increase in prevalence of chronic diseases and rise in the number of people with disabilities are likely to drive the global home rehabilitation products & services market during forecast period.

Rehabilitation programs are measures that help people suffering from disabilities by improving, maintaining, and restoring physical strength and mobility. Rise in geriatric population, growth in prevalence of chronic diseases, technological advancement, increase in life expectancy, and escalation in number of individuals with disabilities are driving the global rehabilitation products & services market. The global home rehabilitation products and services market is highly unorganized, fragmented, and competitive. This creates stagnation and paves the way for growth opportunities for existing players as well as new entrants. However, high cost of rehabilitation services and lack of appropriate health insurance schemes in developing nations are anticipated to hamper the home rehabilitation products and services market.

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Health care is of utmost importance for all; however, not every patient can have access to therapy facilities or visit a physician. Consequently, the home rehabilitation products and services market is flourishing. Geriatric population is the primary target group of the market. Home rehabilitation products and services are gaining further traction due to the increase in prevalence of several long-term disorders such as diabetes and cardiovascular diseases. Rise in percentage of global geriatric population, increase in prevalence of chronic diseases, significant growth in disposable income of urban population in various emerging economies, and surge in number of individuals with disabilities are some of the key factors boosting the demand for home rehabilitation products and services. On the other hand, high cost of these products and rehabilitation services, poor reimbursement policies, and lack of proper health insurance policies in various emerging economies are hindering the market.

The global home rehabilitation products & services market has been segmented based on type (products & services) and geography. In terms of type, the home rehabilitation products and services market has been divided into positioning devices, general aids, body support devices, wheelchairs, and others (walkers, canes, crutches, arm and shoulder slings, etc.). Wheelchairs accounted for the largest share of the market in 2017. It is also expected to expand at the fastest CAGR during the forecast period. Increase in incidences of mobility disabilities and global rise in geriatric population are the major factors driving the home rehabilitation products & services market. In addition, being the oldest product type available in the market and the trust factor associated with it also led to its increased demand of wheelchairs especially among geriatric users.

Based on services, the global home rehabilitation products & services market has been segregated into physical therapy, occupational therapy, speech therapy, respiratory therapy, and others (drug rehabilitation, balance therapy, aquatic therapy, etc.). The physical therapy segment held the largest share of the home rehabilitation products & services market in terms of revenue in 2017. Increase in mobility-related injuries, growth in geriatric population, neck and back pain, postural dysfunction, and sports injuries are the key factors attributed to the leading position of the segment. The physical therapy segment is also anticipated to expand at the fastest CAGR during the forecast period due to the rise in geriatric population, as older individuals are more vulnerable to strokes, heart attacks, mobility-related injuries, and other chronic and debilitating conditions that require physical therapy for rehabilitation.

Geographically, North America captured significant share of the global home rehabilitation products & services market in 2017 owing to the rise in prevalence of chronic diseases, increase in geriatric population, surge in number of surgical procedures, higher access to health care, rise in incidence of respiratory infections, availability of various reimbursement policies from public and private health insurance firms, and increase in treatment cost at hospital in the region. According to the American Lung Association, 11 million people in the U.S. were diagnosed with COPD in 2015. COPD is a highly prevalent cause of death in the U.S. Thus, demand for various rehabilitation services is anticipated to rise during the forecast period. However, Asia Pacific is anticipated to witness the highest growth during the forecast period due to the high prevalence of mobility related injuries, burn injuries, strokes, and neck and back pain; presence of large base of geriatric population; and improvement in health care infrastructure in the region.

The global home rehabilitation products and services market is fragmented due to the presence of numerous established as well as emerging players. Prominent companies operating in the home rehabilitation products and 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 (formerly Patterson Medical), and Medline Industries, Inc.

Global home rehabilitation products & services market: Overview

Rehabilitation programs help patients to improve, maintain, and restore physical strength and mobility in institutional and home care settings. Rehabilitation products assist a set of home rehabilitation services that primarily include physical, occupational, and speech therapy services to help patients recover from acute or chronic injury and illness. Chronic diseases such as arthritis, cancer, acquired immunodeficiency syndrome (AIDS), chronic obstructive pulmonary disease (COPD), stroke, and respiratory diseases are major health concerns across the globe. Home health care devices and services offer prominent alternatives for diagnosis, treatment, and management of these diseases.

The global home rehabilitation products & services market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on types of products and services, and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. The report provides key insights of the global home rehabilitation products & services market comprising Porter’s Five Forces analysis. The competition landscape section comprises competitive matrix, key competitive business strategies, and company profiles with business overview to understand the competitive landscape in the market. The report also provides market attractiveness analysis by products, by services, by geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global home rehabilitation products & services market.

Global home rehabilitation products & services market: Key segments

Based on type, the global home rehabilitation products & services market has been segmented into products & services. In terms of products, the market for home rehabilitation products & services has been divided into positioning devices, body support devices, general aids, wheelchairs, and others. Based on services, the market has been segregated into physical therapy, occupational therapy, speech therapy, respiratory therapy, and others. The product segments have been analyzed based on commercially available rehabilitation Productss, application areas, and adoption of each Products and presence of key players in the region. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

Global home rehabilitation products & services market: Regional outlook

Geographically, the global home rehabilitation products & services market has been split into five major regions and key countries in the respective region: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.

Companies mentioned in report

The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the home rehabilitation products & services market are 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 (formerly Patterson Medical), and Medline Industries, Inc.

The global home rehabilitation products & services market has been segmented as follows:

Home rehabilitation products & services market, by type

  • Products
    • Positioning Devices
    • Body Support Devices
    • General Aids
    • Wheelchairs
    • Others
  • Services
    • Physical Therapy
    • Occupational Therapy
    • Speech Therapy
    • Respiratory Therapy
    • Other Therapies

Home rehabilitation products & services market, by geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
.