Rehabilitation programs are measures that help people suffering from disabilities due to musculoskeletal conditions, amputations, and drug abuse, by improving, maintaining, and restoring physical strength and mobility. Factors such as growing geriatric population, rising prevalence of chronic diseases, technological advancement, increased life expectancy, increase in number of individuals with disabilities, are driving the growth of the global rehabilitation products and services market. The global home rehabilitation products and services market is highly unorganized, fragmented, and competitive, creating current market stagnation and paving way for future growth opportunities for existing players as well as new entrants. However high cost of the rehabilitation services, and lack of appropriate health insurance schemes in developing nations is anticipated to pull back the growth of home rehabilitation products and services market.
Based on various product types, the home rehabilitation products and services market has been segmented into positioning devices, general aids, body support devices, wheel chairs, and others (walkers, canes, crutches, arm and shoulder slings, etc.). Wheelchairs accounted for the largest share, and is also expected to grow at the highest CAGR in the home rehabilitation products and services market in 2014. Increasing incidences of mobility disabilities and global rise in geriatric population, are the major factors driving the home rehabilitation 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 especially among geriatric users.
Based on services, the global home rehabilitation products and services market has been segmented into physical therapy, occupational therapy, speech therapy, respiratory therapy, and others (drug rehabilitation, balance therapy, aquatic therapy, etc.). Physical therapy segment accounted for the largest share of the home rehabilitation products and services market in terms of revenue in 2014. Increase in mobility-related injuries, growing geriatric population, neck and back pain, postural dysfunction, and sports injuries are the major factors attributed to the leading position of the segment. The physical therapy segment is also expected to grow at the highest CAGR during the forecast period due to 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 accounted for the largest share of the global home rehabilitation products and services market in 2014. Factors attributed to the dominant position of North America in home rehabilitation products and services market were growing prevalence of chronic diseases, geriatric population, increasing number of surgical procedures, and increased access to health care, rising incidence of respiratory infections, availability of various reimbursement policies from public and private health insurance firms, and rising hospital cost.
However, Asia Pacific is anticipated to witness the highest growth during the forecast period. Fastest growth rate in this region is anticipated to emerge due to high prevalence of mobility related injuries, burn injuries, strokes, and neck and back pain, presence of large base of geriatric population, and improving healthcare infrastructure. According to the latest report published by the National Crime Records Bureau (NCRB), with over 130,000 deaths per year, India has currently has the worst road accident rate in Asia Pacific. Hence, rising rate of road accidents per year in Asian countries is also projected to increase the demand of home rehabilitation products and services market.
The global home rehabilitation products and services market is fragmented due to the presence of numerous established as well as emerging players. The prominent companies operating in the home rehabilitation products and services market includes Stryker Corporation, AliMed, Inc., DJO Global, Inc., RehabCare, Ekso Bionics Holdings, Inc., Prism Medical Ltd., Hocoma AG, Patterson Medical Holdings, Inc., TecnoBody S.r.l., Medline Industries, Inc., ergoline GmbH, Active Medical & Rehabilitation Services Pvt. Ltd., and Invacare Corporation.
Rehabilitation programs help patients to improve, maintain, and restore physical strength and mobility in institutional and home care settings. This study provides market analysis for various rehabilitation products and services that are provided within home care settings. The stakeholders of this market study comprise established rehabilitation product manufacturers, distributors, and rehabilitation service providers as well as new participants who wish to enter the global rehabilitation products and services market.
This report provides a comprehensive analysis of the global rehabilitation products and services market and helps in identifying several market governing factors that influence the market both positively and negatively. The market overview section provides exhaustive information on trends in the usage of home rehabilitation products and services, market trends such as drivers, restraints, and growth opportunities that presently regulate the dynamics of the overall market. Competitive analysis tools such as Porter’s Five Forces analysis and geographical market attractiveness analysis have also been incorporated in this report to provide analysis about the level of competition within the home rehabilitation products and services market. Furthermore, a section analyzing the business to customer and therapist to customer models provides the overall business mechanism of the market. Competitive intelligence tools such as market share analysis have also been included in the market overview section of the report to deliver a broad spectrum of the overall scenario in the market at global level. Market share analysis thus provided in this study is in context with the major product manufacturers, distributors, and service providers operating in the market which would help new players to understand the key business models and frameworks to identify the specific product lines of existing companies to establish a strong foothold in the home rehabilitation products and services market.
Executive summary of the report encapsulates comprehensive insights about every segment considered in this study. It includes a market snapshot offering an insight into the current scenario of the home rehabilitation products and services market in terms of current and future market size along growth rate.
The global home rehabilitation products and services market has been segmented based on various products and services used in home settings. The home rehabilitation products market has been categorized into major products used for providing rehabilitation services in home settings such as positioning devices, body support devices, general aids, wheel chairs, and others. The others segment is analyzed cumulatively, considering walkers, canes, crutches, arm and shoulder slings, bands, and other ancillary support products within this class. Based on service type, the market has been segmented into physical therapy services, occupational therapy services, speech therapy services, respiratory therapy services, and others (drug rehabilitation therapy, balance therapy, and other psychotherapeutic services). The market size for the period from 2013 to 2023 has been provided for each of the product and service categories mentioned above in terms of USD million. Along with the market size that were projected considering 2014 as the base year and 2013 as the historical year, the CAGR (%) of each market segment for the forecast period from 2015 to 2023 has also been provided.
This market study concludes with profiles of key players in the global home rehabilitation products and services market. The report outlines the companies in terms of overview, financial overview, product portfolio, business strategies, and recent developments. Key enterprises profiled in this study include AliMed, Inc., Active Medical & Rehabilitation Services Pvt. Ltd., DJO Global, Inc., ergoline GmbH, Ekso Bionics, Hocoma AG, Invacare Corporation, Medline Industries, Inc., Prism Medical, RehabCare, Stryker Corporation, and TecnoBody S.r.l.
The global home rehabilitation products and services market has been segmented as follows:
Home Rehabilitation Products and Services Market, by Products
- Positioning Devices
- Body Supports Devices (Lumbosacral, Cervical, Knee/Ankle/Arm/Shoulder support, etc.)
- General Aids (Bathroom Aids, Bedroom Aids, etc.)
- Wheel Chairs
- Others (Walkers, Canes, Crutches, Arm and Shoulder Slings, etc.)
Home Rehabilitation Products and Services Market, by Services
- Physical Therapy Services
- Occupational Services
- Speech Therapy Services
- Respiratory Therapy Services
Home Rehabilitation Products and Services Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America (LATAM)
- Rest of LATAM
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA