Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 137.55 Billion | USD 217.07 Billion | 5.20% | 2023 |
The global home rehabilitation products and services market size was worth around USD 137.55 billion in 2023 and is predicted to grow to around USD 217.07 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.20% between 2024 and 2032.
Global Home Rehabilitation Products and Services Market: Overview
Rehabilitation programs help patients improve, maintain, and restore physical strength and mobility in institutional and home care settings. Rehabilitation products support a set of home rehabilitation services mainly comprising of physical, occupational, and speech therapies to assist patients in recovering from chronic illness or injuries.
Chronic ailments such as stroke, arthritis, A.I.D.S., chronic obstructive pulmonary disease (COPD), cancer, and respiratory disorders are key health concerns witnessed across the globe. Home health care products & services help in providing best-fit alternate solutions for diagnosing, treating, and managing these ailments. Furthermore, rehabilitation programs aid patients in maintaining, enhancing, and restoring physical strength and mobility in institutional and home care settings.
Global Home Rehabilitation Products and Services Market: Growth Factors
The rise in the geriatric population base and growing cases of chronic ailments are projected to steer the growth of the home rehabilitation products and services market in the years ahead. Apart from this, rapid technological innovations taking place across the healthcare sector in APAC and Europe are slated to provide numerous growth avenues for the participants operating across the home rehabilitation products and services market in the forecast timeframe.
The rise in the disposable incomes of the urban populace witnessed in the developing nations and the prominent escalation in the number of persons with disabilities is foreseen to steer up the growth graph of the home rehabilitation products and services market within the next few years.
However, rampantly rising product & service costs, poor compensation policies, and unfavorable regulations governing healthcare insurance policies in most of the developing economies are likely to obstruct the progression of the home rehabilitation products and services market shortly.
Global Home Rehabilitation Products and Services Market: Segmentation
The global home rehabilitation products and services market can be divided based on product type, service type, and end-use type.
On the basis of product type, the home rehabilitation products and services market is classified into general aids, positioning devices, body support devices, and wheelchairs. Based on the service types, the market is sectored into occupational therapy, speech therapy, physical therapy, and respiratory therapy.
Based on the end-use, the market is segmented into homecare, hospitals & clinics, ambulatory care center, and nursing care center.
Report Attributes | Report Details |
---|---|
Report Name | Home Rehabilitation Products and Services Market |
Market Size in 2023 | USD 137.55 Billion |
Market Forecast in 2032 | USD 217.07 Billion |
Growth Rate | CAGR of 5.20% |
Number of Pages | 235 |
Key Companies Covered | Stryker Corporation, Medline Industries, Inc., Prism Medical, Invacare Corporation, DJO Global, Hocoma AG, Ekso Bionics Holdings, Inc., RehabCare, AliMed, Inc., Active Medical & Rehabilitation Services Pvt. Ltd., ergoline GmbH, Performance Health, LLC, and others. |
Segments Covered | By Product Type, By Services, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Home Rehabilitation Products and Services Market: Regional Analysis
Based on regions, the global home rehabilitation products and services market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North American home rehabilitation products and services market is set to contribute the largest share towards home rehabilitation products and services market in the ensuing period, subject to major growth driving factors such as enhanced healthcare infrastructure and the escalating number of cardiovascular ailments witnessed across countries such as the U.S. and Canada. In addition to this, increase in the occurrence of chronic disorders, easy access to advanced healthcare facilities, a rise in the number of surgical methods, an increase in the number of respiratory infections, and favorable government, as well as private insurance policies along with the rise in the cost of treatment at hospitals, will augment the regional market growth in the coming decade.
Asia Pacific home rehabilitation products and services market is slated to experience lucrative growth during the estimated span. The growth can be attributed to the swiftly flourishing healthcare sector in Asian countries such as India, China, and Japan. Furthermore, the massive occurrence of mobility-associated injuries, strokes, neck & back pain, burn injuries, the humungous presence of the aging populace, and improved healthcare facilities witnessed in the region will further accelerate the growth of the market in the region.
The global home rehabilitation products and services market is dominated by players like:
The global home rehabilitation products and services market is segmented as follows:
By Product Type Segment Analysis
By Services Segment Analysis
By End-Use Segment Analysis
Regional Segment Analysis
North America
FrequentlyAsked Questions
Home rehabilitation products and services are designed to help people regain mobility, independence, and overall function in their own homes. This can be following an illness, surgery, injury, or due to age-related limitations. The products can range from simple grab bars for improved bathroom safety to more complex mobility aids like wheelchairs or walkers. Services include physical therapy, occupational therapy, and speech therapy provided in the comfort of your home environment.
According to a study, the global home rehabilitation products and services market size was worth around USD 137.55 billion in 2023 and is expected to reach USD 217.07 billion by 2032.
The global home rehabilitation products and services market is expected to grow at a CAGR of 5.20% during the forecast period.
North America is expected to dominate the home rehabilitation products and services market over the forecast period.
Leading players in the global home rehabilitation products and services market include Stryker Corporation, Medline Industries, Inc., Prism Medical, Invacare Corporation, DJO Global, Hocoma AG, Ekso Bionics Holdings, Inc., RehabCare, AliMed, Inc., Active Medical & Rehabilitation Services Pvt. Ltd., ergoline GmbH, and Performance Health, LLC, among others.
The home rehabilitation products and services market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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