Global Home Rehabilitation Products and Services Market: Overview

Healthcare is of utmost importance for all but not every patient can visit physicians or therapy facilities, particularly when the illness is chronic and requires repeated maintenance. Consequently, the market for home rehabilitation products and services is flourishing, as they can adequately meet the healthcare requirements of the patients. While geriatrics are the primary targets, the home rehabilitation products and services is gaining further traction from the increasing prevalence of several long-term disorders such as diabetes and cardiovascular diseases. According to this business and commerce study, the demand in the global home rehabilitation products and services market will expand at a notable CAGR of 8.5% during the forecast period of 2015 to 2023. The analysts of the report have evaluated that the opportunities in the market for home rehabilitation products and services, across the world, constituted to a revenue of US$84.2 bn in 2014 and have estimated the valuation to swell up to US$176.1 bn by the end of 2023.

Escalating percentage of geriatrics in the world’s population, growing prevalence of chronic diseases, substantially incremented disposable income of urban populations in various emerging economies, and increasing number of individuals with disabilities are some of the key factors driving the demand in the global home rehabilitation products and services market. On the other hand, high cost of these products and rehabilitation services and the lack of proper health insurance policies in various emerging economies are obstructing the market from attaining its true potential.

Wheelchairs to Remain Most In-demand Product Segment Until 2023

On the basis of product type, this report segments the home rehabilitation products and services market into positioning devices, wheel chairs, body support devices, general aids, and others including walkers, crutches, canes, and arm and shoulder slings. In 2014, the segment of wheelchairs provided for the most prominent chunk of demand and is also expected to grow at the highest CAGR in the home rehabilitation products and services market until 2023. Increasing incidences of mobility disabilities and global rise in geriatric population are the major factors driving the wheelchairs market. In addition, this being the oldest product type that is available readily via various sales channels and the trust factor associated with it has been keeping the demand for the same in good stead, especially among geriatric users.

Physical Therapy Provides for Maximum Demand in terms of Services

On the basis of services, the home rehabilitation products and services market has been bifurcated into occupational therapy, physical therapy, respiratory therapy, speech therapy, and others including balance therapy, drug rehabilitation, and aquatic therapy. The physical therapy segment accounted for the dominant share of the market in terms of revenue in 2014, which can be attributed to escalating geriatric population percentage, increase in mobility-related injuries, postural dysfunction, and sports injuries. Over the course of the forecast period, the physical therapy segment is anticipated to grow at the highest CAGR and maintain its leading position.

North America Continues to Provide for Maximum Demand

Geographically, the analysts of the report have highlighted North America as the most lucrative region, gaining most of the demand from the developed country of the U.S., which is also the third most populous country in the world. New technology is readily adopted by the citizens of this country and, with robust buying capabilities as well as strong prevalence of drug related therapies, the U.S. home rehabilitation products and services market is flourishing. The analysts picked out vastly populated Asia Pacific to turn into a profitable region towards the end of the forecast period.

RehabCare, Stryker Corporation, Patterson Medical Holdings, Inc., DJO Global, Inc., AliMed, Inc., Prism Medical Ltd., Ekso Bionics Holdings, Inc., Hocoma AG, TecnoBody S.r.l., Active Medical & Rehabilitation Services Pvt. Ltd., Medline Industries, Inc., and Invacare Corporation are some of the notable companies currently ahead of the curve in the global home rehabilitation products and services market.

 
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 
  • Others 
Home Rehabilitation Products and Services Market, by Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Rest of Asia Pacific
  • Latin America (LATAM)
    • Brazil
    • Rest of LATAM
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • South Africa
    • Rest of MEA