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Home Rehabilitation Products & Services Market Size is Forecasted to Reach US$ 265 Bn by 2022-2030

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Tele-rehabilitation Reducing Burden on Healthcare Professionals amid Coronavirus Crisis

The home-based rehabilitation has emerged as one of the supportive programs during the coronavirus pandemic, which is reducing the burden on healthcare professionals in hospitals. Companies in the home rehabilitation products & services market are expanding their supply chains through eCommerce and online pharmacies to keep economies running during the pandemic.

Tele-rehabilitation and e-health are becoming a fast growing phenomenon in the home rehabilitation products & services market. Success rates are increasing with the help of tele-rehab, since this technique is gaining popularity as an accessible and cost-effective method to improve patient quality of life. Tele-rehab is helping to increase subject engagement and deploy communication between remote patients and specialists. This trend has the potential to allow better access to rehab care, especially for orthopedic patients. Tele-rehab is demonstrated as a considerable substitute for clinic-based rehab for common musculoskeletal pain.

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VR Emerging as Game Changer for Increasing Patient Care Engagement

Privacy, minimization of stress level, and reduced rate of hospital re-admission are some of the advantages of home-based rehabilitation. However, rehab products and services cannot entirely replace in-person consultations. This increases risk about patient safety and the lack of supporting infrastructure, including life-sustaining and assistive durable medical equipment (DME). Hence, companies in the home rehabilitation products & services market are increasing their R&D capabilities to innovate in robust support equipment.

The home rehabilitation products & services market is estimated to clock a favorable CAGR of ~7% during the assessment period. Companies should tap into incremental opportunities in virtual reality (VR) and innovate in at-home exercise programs to meet patient needs. Patients training to walk correctly can envision crossing a finish line using VR games. The hybrid virtual practices are helping to keep patients engaged in their care and reduce burden on caregivers.

Next-gen Wearable Sensors Automatically Save Data for Further Patient Analysis

Wearable sensors combined with software are allowing patients to perform exercises in a motivated and correct form. Italian company CoRehab is introducing its Riablo System, which is a wearable sensor used for rehabilitation with neurological, sports, and orthopedic patients of all ages. Such wearable sensors are being highly publicized for ensuring a more effective and fast recovery in patients. The companies in the home rehabilitation products & services market are taking cues from such innovations to develop inertial sensors that help to evaluate the results of each exercise and automatically save data for digital reports & further analysis.

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Med-tech companies and startups in the home rehabilitation products & services market are innovating in wearable sensors that enable patients to perform exercises with biofeedback and acquire a functional range of motion. Exoskeletons and smart gloves are among other devices gaining increased popularity.

Wearable Modular Robotic Exoskeletons Devices Improve Rehabilitation of Limbs

The exoskeletons are being used as a tool to augment a physical rehab program that provides automated measurements of a patient’s progress and allows free movement for people with disabilities in a comfortable & safe form. The Ukrainian startup UniExo is gaining recognition for its wearable modular robotic exoskeletons devices that improve the rehabilitation of limbs. The companies in the home rehabilitation products & services market are innovating in devices that detect body position, and with the help of robotic algorithms, make a rehabilitation program under the remote supervision of a doctor.

Analysts’ Viewpoint

The COVID-19 pandemic has sparked an interest in virtual reality with the help of at-home exercise programs to meet the convenience of patients. The home rehabilitation products & services market is expected to reach US$ 265 Bn by the end of 2031. However, the lack of evidence about implementation modalities such as TENS (Transcutaneous Electrical Nerve Stimulation) and home-based physiotherapy are inhibiting market growth. Hence, companies should increase their research studies in these areas to make improvements in TENS and home-based physiotherapy programs. Smart gloves are helping people who sufferred from a stroke to regain control of their hands.

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Home Rehabilitation Products & Services Market: Overview

According to Transparency Market Research’s latest research report on the global home rehabilitation products & services market for the historical period of 2017–2019 and the forecast period of 2020–2031, rise in prevalence of chronic diseases, surge in population with disabilities, and increase in baby boomers are projected to drive the global home rehabilitation products & services market from 2021 to 2031

According to the report, the global home rehabilitation products & services market was valued at ~US$ 130 Bn in 2020 and is anticipated to expand at a CAGR of ~7% during the forecast period

Key Drivers of Home Rehabilitation Products & Services Market

Rise in Prevalence of Chronic Diseases

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

Increase in Number of Baby Boomers

Recent advancements in medical science have led to an increase in life expectancy of people, with more number of people exceeding the average age of 50 years. Changing demographics and increase in the geriatric population are shifting a substantial population to the high illness categories that require continuous medical interventions. Surge in the global geriatric population and changing lifestyles are the common risk factors associated with the development of chronic diseases.

According to the United Nations, the number of people aged 60 years and above is likely to increase from 841 million in 2013 to over 2 billion by 2050. According to the U.S. Census Bureau, in 2011, the baby boomers began turning 65 years of age and by 2029 over 20% of the U.S. population will be over 65 years of age.

The geriatric patient base would require repeated hospitalization. Hence, increase in the geriatric population and baby boomers is expected to drive demand for medical services at home, including rehabilitation services. This is likely to fuel the growth of the global home rehabilitation products and services market.

Surge in Population with Disabilities

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 over 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.

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.

Home Rehabilitation Products & Services Market: Competition Landscape

This report profiles major players operating in the global home rehabilitation products & services market based on various attributes such as company overview, financial overview, products portfolio, business strategies, and recent developments

The global home rehabilitation products & services market is moderately fragmented, with the presence of a large number of leading players in the global market and several small players in regional markets. The top players hold major share of the global home rehabilitation products & services market.

Prominent players operating in the global home rehabilitation products & 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
  • Medline Industries, Inc.

The report on the global home rehabilitation products & services market discusses individual strategies, followed by company profiles of providers of rehabilitation products & services. The competition 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.

Key Questions Answered in Home Rehabilitation Products & Services Market Report

  • What is the scope of growth of home rehabilitation products & services and providers in the global home rehabilitation products & services market and its segments?
  • What will be the Y-o-Y growth of the global home rehabilitation products & services market between 2020 and 2030?
  • 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 will 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?

Home Rehabilitation Products & Services Market – Segmentation

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

Region

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

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Home Rehabilitation Products & Services Market

4. Market Overview

4.1. Introduction

4.1.1. Product Type Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Home Rehabilitation Products & Services Market Analysis and Forecast, 2017–2031

4.4.1. Market Revenue Projections (US$ Mn)

5. Key Insights

5.1. Regulatory Scenario, by Region/globally

5.2. Technological Advancements

5.3. COVID-19 Pandemics Impact on Industry (value chain and short / mid / long term impact)

6. Global Home Rehabilitation Products & Services Market Analysis and Forecast, by Product Type

6.1. Introduction & Definition

6.2. Key Findings / Developments

6.3. Market Value Forecast, by Product Type, 2017–2031

6.3.1. Services

6.3.1.1. Physical Therapy

6.3.1.2. Occupational Therapy

6.3.1.3. Speech Therapy

6.3.1.4. Respiratory Therapy

6.3.1.5. Other Therapies

6.3.2. Products

6.3.2.1. Positioning Devices

6.3.2.2. Body Support Devices

6.3.2.3. General Aids

6.3.2.4. Wheelchairs

6.3.2.5. Others

6.4. Market Attractiveness Analysis, by Product Type

7. Global Home Rehabilitation Products & Services Market Analysis and Forecast, by Region

7.1. Key Findings

7.2. Market Value Forecast, by Region

7.2.1. North America

7.2.2. Europe

7.2.3. Asia Pacific

7.2.4. Latin America

7.2.5. Middle East & Africa

7.3. Market Attractiveness Analysis, by Country/Region

8. North America Home Rehabilitation Products & Services Market Analysis and Forecast

8.1. Introduction

8.1.1. Key Findings

8.2. Market Value Forecast, by Product Type, 2017–2031

8.2.1. Services

8.2.1.1. Physical Therapy

8.2.1.2. Occupational Therapy

8.2.1.3. Speech Therapy

8.2.1.4. Respiratory Therapy

8.2.1.5. Other Therapies

8.2.2. Products

8.2.2.1. Positioning Devices

8.2.2.2. Body Support Devices

8.2.2.3. General Aids

8.2.2.4. Wheelchairs

8.2.2.5. Others

8.3. Market Value Forecast, by Country, 2017–2031

8.3.1. U.S.

8.3.2. Canada

8.4. Market Attractiveness Analysis

8.4.1. By Product Type

8.4.2. By Country

9. Europe Home Rehabilitation Products & Services Market Analysis and Forecast

9.1. Introduction

9.1.1. Key Findings

9.2. Market Value Forecast, by Product Type, 2017–2031

9.2.1. Services

9.2.1.1. Physical Therapy

9.2.1.2. Occupational Therapy

9.2.1.3. Speech Therapy

9.2.1.4. Respiratory Therapy

9.2.1.5. Other Therapies

9.2.2. Products

9.2.2.1. Positioning Devices

9.2.2.2. Body Support Devices

9.2.2.3. General Aids

9.2.2.4. Wheelchairs

9.2.2.5. Others

9.3. Market Value Forecast, by Country/Sub-region, 2017–2031

9.3.1. Germany

9.3.2. U.K.

9.3.3. France

9.3.4. Spain

9.3.5. Italy

9.3.6. Rest of Europe

9.4. Market Attractiveness Analysis

9.4.1. By Product Type

9.4.2. By Country/Sub-region

10. Asia Pacific Home Rehabilitation Products & Services Market Analysis and Forecast

10.1. Introduction

10.1.1. Key Findings

10.2. Market Value Forecast, by Product Type, 2017–2031

10.2.1. Services

10.2.1.1. Physical Therapy

10.2.1.2. Occupational Therapy

10.2.1.3. Speech Therapy

10.2.1.4. Respiratory Therapy

10.2.1.5. Other Therapies

10.2.2. Products

10.2.2.1. Positioning Devices

10.2.2.2. Body Support Devices

10.2.2.3. General Aids

10.2.2.4. Wheelchairs

10.2.2.5. Others

10.3. Market Value Forecast, by Country/Sub-region, 2017–2031

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia & New Zealand

10.3.5. Rest of Asia Pacific

10.4. Market Attractiveness Analysis

10.4.1. By Product Type

10.4.2. By Country/Sub-region

11. Latin America Home Rehabilitation Products & Services Market Analysis and Forecast

11.1. Introduction

11.1.1. Key Findings

11.2. Market Value Forecast, by Product Type, 2017–2031

11.2.1. Services

11.2.1.1. Physical Therapy

11.2.1.2. Occupational Therapy

11.2.1.3. Speech Therapy

11.2.1.4. Respiratory Therapy

11.2.1.5. Other Therapies

11.2.2. Products

11.2.2.1. Positioning Devices

11.2.2.2. Body Support Devices

11.2.2.3. General Aids

11.2.2.4. Wheelchairs

11.2.2.5. Others

11.3. Market Value Forecast, by Country/Sub-region, 2017–2031

11.3.1. Brazil

11.3.2. Mexico

11.3.3. Rest of Latin America

11.4. Market Attractiveness Analysis

11.4.1. By Product Type

11.4.2. By Country/Sub-region

12. Middle East & Africa Home Rehabilitation Products & Services Market Analysis and Forecast

12.1. Introduction

12.1.1. Key Findings

12.2. Market Value Forecast, by Product Type, 2017–2031

12.2.1. Services

12.2.1.1. Physical Therapy

12.2.1.2. Occupational Therapy

12.2.1.3. Speech Therapy

12.2.1.4. Respiratory Therapy

12.2.1.5. Other Therapies

12.2.2. Products

12.2.2.1. Positioning Devices

12.2.2.2. Body Support Devices

12.2.2.3. General Aids

12.2.2.4. Wheelchairs

12.2.2.5. Others

12.3. Market Value Forecast, by Country/Sub-region, 2017–2031

12.3.1. GCC Countries

12.3.2. South Africa

12.3.3. Rest of Middle East & Africa

12.4. Market Attractiveness Analysis

12.4.1. By Product Type

12.4.2. By Country/Sub-region

13. Competition Landscape

13.1. Market Player – Competition Matrix (by tier and size of companies)

13.2. Market Share Analysis, by Company, 2020

13.3. Company Profiles

13.3.1. Stryker Corporation

13.3.1.1. Company Overview

13.3.1.2. Company Financials

13.3.1.3. Growth Strategies

13.3.1.4. SWOT Analysis

13.3.2. Prism Medical (subsidiary of Handicare Group AB)

13.3.2.1. Company Overview

13.3.2.2. Company Financials

13.3.2.3. Growth Strategies

13.3.2.4. SWOT Analysis

13.3.3. Invacare Corporation

13.3.3.1. Company Overview

13.3.3.2. Company Financials

13.3.3.3. Growth Strategies

13.3.3.4. SWOT Analysis

13.3.4. DJO Global

13.3.4.1. Company Overview

13.3.4.2. Company Financials

13.3.4.3. Growth Strategies

13.3.4.4. SWOT Analysis

13.3.5. Hocoma AG

13.3.5.1. Company Overview

13.3.5.2. Company Financials

13.3.5.3. Growth Strategies

13.3.5.4. SWOT Analysis

13.3.6. Ekso Bionics Holdings, Inc.

13.3.6.1. Company Overview

13.3.6.2. Company Financials

13.3.6.3. Growth Strategies

13.3.6.4. SWOT Analysis

13.3.7. RehabCare

13.3.7.1. Company Overview

13.3.7.2. Company Financials

13.3.7.3. Growth Strategies

13.3.7.4. SWOT Analysis

13.3.8. AliMed, Inc.

13.3.8.1. Company Overview

13.3.8.2. Company Financials

13.3.8.3. Growth Strategies

13.3.8.4. SWOT Analysis

13.3.9. Active Medical & Rehabilitation Services Pvt. Ltd.

13.3.9.1. Company Overview

13.3.9.2. Company Financials

13.3.9.3. Growth Strategies

13.3.9.4. SWOT Analysis

13.3.10. ergoline GmbH

13.3.10.1. Company Overview

13.3.10.2. Company Financials

13.3.10.3. Growth Strategies

13.3.10.4. SWOT Analysis

13.3.11. Performance Health

13.3.11.1. Company Overview

13.3.11.2. Company Financials

13.3.11.3. Growth Strategies

13.3.11.4. SWOT Analysis

13.3.12. Medline Industries, Inc.

13.3.12.1. Company Overview

13.3.12.2. Company Financials

13.3.12.3. Growth Strategies

13.3.12.4. SWOT Analysis

13.3.13. Other Prominent Key Players

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