According to Transparency Market Research’s latest report on the global home rehabilitation products & services market for the historical period 2017–2018 and forecast period 2019–2027, increase in prevalence of chronic diseases, increase in base of major consumers, and surge in population with disabilities are projected to drive the global home rehabilitation products & services market during the forecast period

According to the report, the global home rehabilitation products & services market was valued at US$ 93.5 Bn in 2018 and is anticipated to expand at a CAGR of 6.5% from 2019 to 2027.

Increase in Prevalence Of Chronic Diseases: Key Drivers

  • Chronic medical conditions such as high blood pressure and diabetes along with cardiovascular and respiratory diseases require regular and continuous monitoring. Increase in number of people diagnosed with chronic diseases drives demand for home health care 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 health care devices and services, which in turn is likely to fuel the growth of the global home rehabilitation products & services market.

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Surge in Population with Disabilities Boost Market Growth

  • Increase in number of persons with disabilities drives demand for rehabilitation products as well as services provided by rehabilitation service providers at home
  • In Asia Pacific, 690 million men, women, and children have some form of disability. The number is expected to rise in 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.
  • The 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.

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Poor Reimbursement Policies to Hamper Market

  • Poor reimbursements is the primary factor anticipated to hamper the growth of the home rehabilitation products & services market. Numerous home health care service providers, who are already operating on low margins, are on the verge of closing their operations due to the deep reimbursement reductions.
  • The revised reimbursement policies for home health services will hamper the growth of the home rehabilitation products & services market. This significant reduction could restrain the growth of the market, resulting in delayed treatment to patients, alternatively hampering the development and growth of the overall market.

Global Home Rehabilitation Products & Services Market: Competitive Landscape

  • This report profiles major players in the global home rehabilitation products & services market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global home rehabilitation products & services market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global 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
    • Medline Industries, Inc.
    • among others

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Global Home rehabilitation products & services Market: Key Developments

Key players in the global home rehabilitation products & services market are engaged in technologically advanced products, launch of new products, pricing competition, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global home rehabilitation products & services market. A few expansion strategies adopted by players operating in the global home rehabilitation products & services market are:

  • In September 2016, Handicare acquired Prism Medical Ltd. Product portfolio of the two companies is available to Prism Medical’s and Handicare’s customers worldwide. Prism Medical dealers in North America have access to Handicare’s stairlifts product range.
  • In July 2017, Hocoma and Saebo entered into a partnership to deliver compact, affordable rehabilitation solutions for upper extremities. Under the terms of the partnership, the two companies will deliver an easy-to-use SaeboMas Mini and the ArmeoSenso, compact solution at an affordable price.
  • In January 2016, RehabCare teamed up with the Cavan Institute to promote disability awareness among students and to ensure that people with disabilities who use the Rehab Care service become more active in their local community

The report on the global home rehabilitation products & services market discussed individual strategies, followed by company profiles of manufacturers of home rehabilitation products & services. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global home rehabilitation products & services market.

Global Home Rehabilitation Products & Services Market - Scope of Report

TMR’s report on the global home rehabilitation products & services market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global home rehabilitation products & services market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global home rehabilitation products & services market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global home rehabilitation products & services market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global home rehabilitation products & services market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global home rehabilitation products & services market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global home rehabilitation products & services market.

The report delves into the competitive landscape of the global home rehabilitation products & services market. Key players operating in the global home rehabilitation products & services market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global home rehabilitation products & services market that have been profiled in this report.

Key Questions Answered in Global Home Rehabilitation Products & Services Market Report

  • What is the scope of growth of product companies in the global home rehabilitation products & services market?
  • What will be the Y-o-Y growth of the global home rehabilitation products & services market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global home rehabilitation products & services market?
  • Will North America continue to be the most profitable market for home rehabilitation products & services providers?
  • Which factors are anticipated to hamper the growth of the global home rehabilitation products & services market during the forecast period?
  • Which are the leading companies in the global home rehabilitation products & services market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global home rehabilitation products & services market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global home rehabilitation products & services market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the home rehabilitation products & services market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the home rehabilitation products & services market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global home rehabilitation products & services market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global home rehabilitation products & services market more reliably and accurately.

Regional Segmentation of Home rehabilitation products & services Market

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

Global Home Rehabilitation Products & Services Market - Segmentation

Product Type

  • Positioning Devices
  • Body Support Devices
  • General Aids
  • Wheelchairs
  • Others

Service Type

  • Physical Therapy
  • Occupational Therapy
  • Speech Therapy
  • Respiratory Therapy
  • Other Therapies

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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