Leading home rehabilitation product and service companies should focus on product innovation and integration of advanced technologies to create new rehabilitation solutions
/EIN News/ — USA, Rockville MD, Aug. 12, 2022 (GLOBE NEWSWIRE) — Beginning in 2022, the Global home rehabilitation products and services market sits at a valuation of US$97 billion and is expected to trade at a high CAGR of 6.5% through 2026.
The increasing incidence of road accidents resulting in disabilities and the aging of the population worldwide are expected to significantly boost the demand for home rehabilitation products and services in the coming years. Initiatives to increase the awareness of advanced rehabilitation equipment and increase the availability of home care equipment are also expected to drive the market growth in the future.
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Home rehabilitation product manufacturers and rehabilitation service providers should focus on product innovation and new product launch to strengthen their position in the global market.
- In July 2021, HCML, a leading name in the rehabilitation services industry, announced the launch of a new digital rehabilitation pathway solution. This new platform digitizes the entire end-to-end rehabilitation process and accelerates the process to deliver better clinical outcomes.
Which region is very lucrative for manufacturers of home care products?
“North America should be full of new business opportunities”
The North American market for home rehabilitation products and services is expected to witness high demand for home rehabilitation products owing to the increase in the geriatric population and the growing popularity of the home care trend. The presence of key home rehabilitation service providers in this region is also expected to boost the market potential for home rehabilitation products and services in this region.
This Fact.MR survey projects that the Canadian market for home rehabilitation products and services will grow at a CAGR of around 5% throughout the forecast period.
Rising investments in healthcare infrastructure development and growing pool of geriatric patients are expected to significantly propel the demand for home rehabilitation equipment in the Europe region.
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Key segments covered by the Home rehabilitation products and services Industry survey
By product type:
- Positioning devices
- Body support devices
- General aids
- Wheel chairs
- Other types of products
- Physical therapies
- Occupational therapies
- Speech therapy
- Respiratory therapies
- Other therapies
- North America
- Latin America
The development of advanced and affordable products should be a priority area that could help players in the home rehabilitation products and services market to increase their sales potential.
Fact.MR, a market research and competitive intelligence provider, in this latest research report has listed a detailed account of all the strategies that new market entrants as well as key industry players can deploy to enhance their business potential over the next few years. .
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The key players in the Home rehabilitation products and services Market
- Stryker Company
- Performance Health
- Hocoma S.A.
- Ekso Bionics Holdings Inc.
- ergoline GmbH
- Rehabilitation care
- Ali Med Inc.
- Norco inc.
Main takeaways from Home rehabilitation products and services Market research
- Currently, the global market for home rehabilitation products and services is valued at US$97 billion.
- From 2022 to 2026, the home rehabilitation products and services market is expected to grow at a CAGR of 6.5%.
- By 2026, the market is expected to reach a valuation of US$125 billion.
- Growing popularity of home care, advancements in technology, growing prevalence of chronic diseases, and supportive initiatives to increase awareness of advanced rehabilitation products are expected to drive the market growth.
- The US market for home rehabilitation products and services is currently valued at US$38 billion.
- Lack of skilled technicians in the healthcare sector and low awareness of advanced rehabilitation products are expected to hamper the market growth to some extent.
- The Chinese market for home rehabilitation products and services is expected to be worth US$16 billion by the end of the forecast period.
- The market in Germany is expected to grow at a CAGR of 4.8% through 2026.
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