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Home Rehabilitation Products and Services - Global Market Trajectory & Analytics

  • ID: 5141626
  • Report
  • January 2021
  • Region: Global
  • 417 pages
  • Global Industry Analysts, Inc
Global Home Rehabilitation Products and Services Market to Reach US$ 131 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Home Rehabilitation Products and Services estimated at US$ 89.3 Billion in the year 2020, is projected to reach a revised size of US$ 131 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.Wheelchairs, one of the segments analyzed in the report, is projected to grow at a 6.6% CAGR to reach US$ 43.4 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Body Support Devices segment is readjusted to a revised 5.3% CAGR for the next 7-year period. This segment currently accounts for a 24.8% share of the global Home Rehabilitation Products and Services market.

The U.S. Accounts for Over 38.8% of Global Market Size in 2020, While China is Forecast to Grow at a 7.6% CAGR for the Period of 2020-2027

The Home Rehabilitation Products and Services market in the U.S. is estimated at US$ 34.6 Billion in the year 2020. The country currently accounts for a 38.78% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 16.9 Billion in the year 2027 trailing a CAGR of 7.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$ 16.9 Billion by the year 2027.

General Aids Segment Corners a 20.2% Share in 2020

In the global General Aids segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 15.1 Billion in the year 2020 will reach a projected size of US$ 20.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 12.9 Billion by the year 2027, while Latin America will expand at a 5.8% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of the report. The 291-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Select Competitors (Total 168 Featured):
  • AliMed, Inc.
  • DJO Global LLC
  • Ekso Bionics Holdings, Inc.
  • ergoline GmbH
  • Hocoma AG
  • Invacare Corporation
  • LL CORPUS COGERE Inc.
  • Medline Industries, Inc.
  • Norco Inc.
  • Performance Health, LLC
  • Prism Medical Products, LLC
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • As 2020 Draws to a Close, It Has Been a Year of Astounding Disruption & Unbelievable Transformation
  • A Severely Battered Global Economy Struggles to Revive
  • EXHIBIT 1: COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • How Healthcare Has Been Impacted & Beyond COVID-19 What’s In Store for Healthcare?
  • EXHIBIT 2: Missed Cancer Diagnosis in U.S. as of June 2020
  • EXHIBIT 3: Cumulative Surgery Cancellations Worldwide (In Million)
  • EXHIBIT 4: With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
  • What is Home Rehabilitation? - Definition/Scope, Benefits & Types of Rehabilitation Products & Services
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • COVID-19 Accelerates the Aging-In-Place Trend, Spurring Opportunities for Home Rehabilitation Products
  • Aging-In Place Gains in Popularity Because There is No Place Like Home
  • The Devastatingly High COVID-19 Mortalities in Senior Homes & Nursing Homes Accelerates the Focus on Aging-In-Place
  • The Age of COVID-19 Brings Telerehabilitation Into the Spotlight
  • Shift to Value Based Care Models, Urgent Need to Reduce Primary Care Burden, Curtail Rising Healthcare Costs & Shift to Alternate Care Sites Create a Medley of Factors Positively Influencing Home Rehabilitation
  • Emergence of Value-Based Health - A New Healthcare Paradigm to Contain Spiraling Healthcare Costs
  • Alternative Care Models for Delivery of Healthcare to Alleviate Burden on Hospitals
  • Therapy and Rehabilitation Outside the Hospital Settings
  • Here’s Why Homecare is Cost Effective
  • Rising Incidence of Disability: A Grim Reality Driving the Home Rehabilitation Market
  • EXHIBIT 5: Percentage of Population with Disabilities by Age Group
  • Aging Population A Key Demographic Driver of Growth of Assisted Living Technologies & Solutions
  • EXHIBIT 6: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • EXHIBIT 7: Rapidly Expanding Market for Geriatric Care Services Bodes Well for Home Rehabilitation of the Elderly: Global Market for Geriatric Care Services (In US$ Million) for the Years 2018, 2020 and 2023
  • Here’s How COVID-19 is Increasing the Reliance of the Elderly on Assisted Living Technologies
  • Chronic Disease Management & Associated Costs Drive Demand for Rehabilitation Products & Services
  • EXHIBIT 8: Rising Prevalence of Chronic Diseases Amplifies the Role of Alternate Care Sites & Highlights the Need for Home Rehabilitation Technologies: Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
  • Rising Healthcare Costs Accelerates the Shift to Low Cost Alternate Care Sites Including Patient Centered Medical Homes
  • EXHIBIT 9: Rising Healthcare Costs Outstripping Global GDP Growth Puts Pressure On Health Systems to Bend the Cost Curve: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Growing Burden of CVD Drives Focus on Home Based Cardiac Rehabilitation
  • Here’s Why CVD is Growing & Its Implications
  • How Home-Based Cardiac Rehabilitation Can Help
  • EXHIBIT 10: Global Annual Medical Cost of CVD in US$ Billion (2010-2030)
  • Growing Burden of COPD Drives Demand for Home-Based Pulmonary Rehabilitation
  • Here’s Why Home-Based Pulmonary Rehabilitation for COPD is Growing in Popularity
  • EXHIBIT 11: Global Prevalence of COPD by Age Group: Percentage of Men and Women Affected by the Condition
  • Wheelchairs Remain the Fastest Growing Mobility & Rehabilitation Product Technology
  • High-tech Wheelchairs for Spinal Cord Injury Patients
  • Powered Wheelchairs: Superior Attributes over Manual Wheelchairs Drive Demand
  • EXHIBIT 12: Global Wheelchair Sales (In 000 Units) for Years 2021 & 2027
  • Stair Lifts: Enabling Easy Movement for Immobile Individuals
  • Design Modifications and Infrastructure Development in Care Facilities & Residences Propels Market
  • Challenges Confronting Home Rehabilitation Products & Services
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 197
Note: Product cover images may vary from those shown
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