Players in Global Home Rehabilitation Products and Services Market to Strengthen Distribution Channels via M&As

The latest report from Transparency Market Research (TMR), titled “Home Rehabilitation Products and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, offers a 360-degree view of the market. According to the report, the global home rehabilitation products and services market will expand at an 8.50% CAGR during the forecast period from 2015 to 2023. In 2014, the global home rehabilitation products and services market was estimated at US$84.2 bn and by 2023, the market is projected to be worth US$176.1 bn.

Browse the full Home Rehabilitation Products and Services Market (By Products: Positioning Devices, Body Support Devices, General Aids, and Others; By Services: Physical Therapy, Occupational Therapy, Speech Therapy, Respiratory Therapy and Other Therapy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/home-rehabilitation-products-services-market.html

The global home rehabilitation products and services market is driven by the elevated prevalence of chronic conditions. In addition to this, the rising population of baby boomers, along with the shifting demographics, will further fuel the global home rehabilitation products and services market. According to the U.S. Census Bureau, there were 76.4 mn baby boomers in 2014. The growing base of consumers will also propel the global home rehabilitation products and services market. Nevertheless, the global home rehabilitation products and services market will be suppressed by poor reimbursement policies.
home-rehabilitation-products-services-market
Product-wise, the global home rehabilitation products and services market is segmented into wheelchairs, general aids, body support devices, and positioning devices. The wheelchairs segment held the largest share in the global home rehabilitation products and services market and is expected to continue its dominance in the foreseeable future. This segment is driven by the rising incidence of disabilities and rising aging population.

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Service-wise, the global home rehabilitation products and services market is classified into respiratory therapy services, speech therapy services, occupational services, physical therapy services, and others. The physical therapy segment dominates the global home rehabilitation products and services market due to factors such as the increasing financial ability of the elderly to treat conditions such as arthritis, osteoporosis, hip and joint replacements. Furthermore, physical therapy is administered only by or under the direction/supervision of a physical therapist and involves evaluation, prognosis, assessment, diagnosis, plan of care, and re-examination.

Geography-wise, the global home rehabilitation products and services market is divided into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. North America held the largest share in the global home rehabilitation products and services market in 2014. The North America home rehabilitation products and services market is driven by the growing population affected by chronic conditions, rising number of surgical procedures, large geriatric population, and increased access to healthcare. Nevertheless, Asia Pacific will witness the highest CAGR during the forecasting horizon. Factors driving the Asia Pacific home rehabilitation products and services market are the high prevalence of mobility-related conditions, strokes, burn injuries, and neck and back pain-related conditions.

The report recommends that by creating strategies focused on renting rehabilitation products, players can boost their ROI. Furthermore, collaborative agreements with healthcare providers and strengthening distribution channels via M&As will also help companies drive their presence in the market. Some of the key players operating in the global home rehabilitation products and services market are Stryker Corporation, RehabCare, Prism Medical, Medline Industries, DJO Global, and AliMed.

Key Segments of the Global Home Rehabilitation Products and Services Market

Home Rehabilitation Products and Services Market, by Products
Positioning Devices
Body Supports Devices (Lumbosacral, Cervical, Knee/Ankle/Arm/Shoulder support, etc.)
General Aids (Bathroom Aids, Bedroom Aids, etc.)
Wheel Chairs
Others (Walkers, Canes, Crutches, Arm and Shoulder Slings, etc.)
Home Rehabilitation Products and Services Market, by Services
Physical Therapy Services
Occupational Services
Speech Therapy Services
Respiratory Therapy Services
Others
Home Rehabilitation Products and Services Market, by Geography
North America
U.S.
Canada
Europe
Germany
U.K.
Rest of Europe
Asia Pacific
Japan
China
Rest of Asia Pacific
Latin America (LATAM)
Brazil
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA
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