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Home Rehabilitation Products and Services - Global Market Trajectory & Analytics

  • ID: 5141626
  • Report
  • February 2022
  • Region: Global
  • 509 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AliMed, Inc.
  • DJO Global LLC
  • ergoline GmbH
  • Hocoma AG
  • Invacare Corporation
  • LL CORPUS COGERE Inc.

Global Home Rehabilitation Products and Services Market to Reach $123.4 Billion by 2026


Home rehabilitation is a suggested preventative and treatment approach for individuals with specific medical conditions that hamper their routine activities. The service is offered at home or in the community supporting care and rehabilitation of an individual. The concept of home rehabilitation also holds high relevance for people with a disability and debilitating condition, or chronic illness that affects their physical abilities and mobility. Growth in the global market is being driven by high unmet need for home rehabilitation, access to better healthcare services, aging population, overwhelming demand for rehabilitation due to illnesses and injuries, and rising incidence of human-induced hazards such as industrial accidents. Increasing prevalence of disabilities and chronic medical conditions such as stroke, diabetes and cancer, and rising incidence of child developmental issues and injuries such as burns and cerebral affecting functionality palsy creates for home rehabilitation.

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$123.4 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. 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 a thorough 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. Growth in the Wheelchairs segment is driven by continuous improvements in wheelchair technology and newer designs that use more lightweight materials or new technologies to facilitate smart energy use.



The U.S. Market is estimated at $35.6 Billion in 2021, While China is Forecast to Reach $15.6 Billion by 2026


The Home Rehabilitation Products and Services market in the U.S. is estimated at US$35.6 Billion in the year 2021. The country currently accounts for a 38.78% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$15.6 Billion in the year 2026 trailing a CAGR of 7.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.3% respectively over the analysis 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 end of the analysis period. While the US is considered the pioneer in home healthcare among developed nations, European countries are also picking up the trend. Several Western Europe countries are exhibiting an increasing affinity for adopting the US home healthcare model, resulting in a decrease in the length of hospital stays. The number of people undergoing treatment in sub-acute and homecare settings, apart from cases of same day surgery, is on the rise. Also reflecting this trend is the increase in the number of homecare equipment dealers in the region.

General Aids Segment to Reach $24 Billion by 2026


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$2.2 Billion by the year 2026, while Latin America will expand at a 5.8% CAGR through the analysis period.

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
Frequently Asked Questions about the Global Market for Home Rehabilitation Products and Services

What is the estimated value of the Global Market for Home Rehabilitation Products and Services?

The Global Market for Home Rehabilitation Products and Services was estimated to be valued at $89.3 Billion in 2020.

What is the growth rate of the Global Market for Home Rehabilitation Products and Services?

The growth rate of the Global Market for Home Rehabilitation Products and Services is 5.5%, with an estimated value of $123.4 Billion by 2026.

What is the forecasted size of the Global Market for Home Rehabilitation Products and Services?

The Global Market for Home Rehabilitation Products and Services is estimated to be worth $123.4 Billion by 2026.

Who are the key companies in the Global Market for Home Rehabilitation Products and Services?

Key companies in the Global Market for Home Rehabilitation Products and Services include AliMed, Inc., DJO Global LLC, Ekso Bionics Holdings, Inc., ergoline GmbH, Hocoma AG, Invacare Corporation, LL CORPUS COGERE Inc., Medline Industries, Inc. and Performance Health, LLC.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AliMed, Inc.
  • DJO Global LLC
  • ergoline GmbH
  • Hocoma AG
  • Invacare Corporation
  • LL CORPUS COGERE Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Home Rehabilitation Products and Services – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • As 2020 Draws to a Close, It Has Been a Year of Astounding Disruption & Unbelievable Transformation
  • A Severely Battered Global Economy Struggles to Revive
  • 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?
  • Missed Cancer Diagnosis in U.S. as of June 2020
  • Cumulative Surgery Cancellations Worldwide (In Million)
  • 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
  • Percentage of Population with Disabilities by Age Group
  • Aging Population A Key Demographic Driver of Growth of Assisted Living Technologies & Solutions
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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

UNITED STATES

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E) TABLE 124: India Recent Past, Current & Future Analysis for Home Rehabilitation Products and Services by Product Type - Wheelchairs, Body Support Devices, General Aids, Positioning Devices and Other Product Types - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Home Rehabilitation Products and Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 168
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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