Home Rehabilitation Products & Services Market Size Report, 2024-2033
The global home rehabilitation products & services market size was exhibited at USD 137.00 billion in 2023 and is projected to hit around USD 254.76 billion by 2033, growing at a CAGR of 6.4% during the forecast period 2024 to 2033.
Key Takeaways:
Home Rehabilitation Products and Services Market Report Scope
| Report Coverage | Details |
| Market Size in 2024 | USD 145.77 Billion |
| Market Size by 2033 | USD 254.76 Billion |
| Growth Rate From 2024 to 2033 | CAGR of 6.4% |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Segments Covered | Type, Distribution Channel, Region |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regional Scope | North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
| Key Companies Profiled | Medline Industries, Stryker Corporation, Prism UK Medical Ltd., DJO Global, Invacare Corporation, Hocoma AG, Ekso Bionics Holdings, Inc., RehabCare Group, Performance Health, LLC., Active Medical & Rehabilitation Services Pvt. Ltd. |
Home Rehabilitation Products & Services Market Size in the U.S. 2023 To 2032
The U.S. home rehabilitation products & services market was valued at USD 28.73 billion in 2023 and is predicted to hit around USD 51.69 billion by 2033, with a CAGR of 5.9% between 2023 to 2033.
Based on region, North America dominated the global home rehabilitation products & services market in 2023, in terms of revenue and is estimated to sustain its dominance during the forecast period. North America is characterized by the increased adoption of advanced products, increased per capita healthcare expenditure, increased penetration of retail stores, and presence of strong healthcare infrastructure, which has significantly driven the market growth in the region. Moreover, rising geriatric population in US is boosting the market growth. According to the US Census Bureau, more than 20% of the US population will be over the age of 65 years by 2029. Furthermore, more than 16 million people in US are suffering from respiratory disorder, as per the CDC. This is a major factor that augmented the demand for the home rehabilitation products and services in North America.
On the other hand, Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is expected to witness a rapid surge in the geriatric population in the forthcoming future. According to the United Nations, around 80% of the global geriatric population is expected to be living in the low and middle income nations. Furthermore, rising number of road traffic accidents may potentially drive the market demand. According to the WHO, around 93% of the road traffic accident cases are recorded in the low and middle income countries. These are the major factors that are expected to boost the market growth in this region.
Home Rehabilitation Products & Services Market Growth Factors
The home rehabilitation is gaining immense popularity among the patients across the globe. The major benefit associated with the growing preferences for the home rehabilitation products and services is the reduction in the burden on the hospitals. Furthermore, the rising popularity of the tele-rehabilitation is further fueling the demand among the global population. The consultants can offer consultations to their patients through online platforms that offer conveniences to the patients and hence its adoption is rising among the patients. The market is driven by the surging number of patients who are suffering from various chronic diseases and the growing geriatric population across the globe. Moreover, rising disposable income, growing healthcare infrastructure, rising health awareness, and increased consumer healthcare expenditure are among the prominent factors that boosts the growth of the market. Moreover, the rising number of patients suffering from disabilities and rising number of accidents on roads is expected to boost the demand for the home rehabilitation products and services across the globe.
The growing popularity of the wearable rehabilitation products like wearable robotic exoskeletons and rising adoption of latest technologies like virtual reality in the physiotherapies are expected to provide growth aspects to the market players in the forthcoming future. The old age people are prone to various orthopedic disorders that can foster the demand for the home rehabilitation products and services across the globe. According to the United Nations, there were around 382 million old age people, aged 60 years or above, across the globe in 2017 and this number is expected 2.1 billion by 2050. The patients are getting aware regarding the benefits of receiving rehabilitation services and products after undergoing orthopedic surgeries. Hence, the rising awareness regarding the availability of various rehabilitation products and services is anticipated to foster the growth of the global home rehabilitation products and services market.
Segments Insights:
Type Insights
Based on the type, the services segment dominated the global home rehabilitation products & services market in 2023, in terms of revenue. The increased awareness regarding the various therapies and increased adoption of the rehabilitation services owing to its benefits has significantly propelled the demand for the home rehabilitation services among the population. The various services such as speech therapy, physical therapy, and respiratory therapy have gained immense traction in the past. Moreover, the rising penetration of tele-rehabilitation platforms is expected to further fuel the growth of the segment in the forthcoming years.
On the other hand, the products segment is estimated to be the most opportunistic segment during the forecast period. This is attributable to the increasing awareness regarding advanced wearable devices and easy availability of such products. Moreover, rising number of orthopedic surgeries and rising expenditure on healthcare is estimated to boost the growth of the market in the upcoming years.
Distribution Channel Insights
Based on the distribution channel, the offline stores segment accounted largest revenue share in 2023. The increased penetration and increased popularity of the traditional retail stores is the most prominent factor that significantly contributed towards the growth of the offline stores segment in the past.
On the other hand, the online stores segment is expected to be the fastest-growing segment during the forecast period. This is attributable to the rising adoption of smartphones and growing penetration of internet across the globe. The convenient payment, home delivery options, and easy return and replacement offered by the online retailers of the home rehabilitation products is driving the market growth.
Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.
In January 2019, eWellness Healthcare Corporation launched the latest version of PHZIO, a digital platform for treatment.
The various developmental strategies like new product launches, acquisition, partnerships, mergers, and government policies foster market growth and offers lucrative growth opportunities to the market players.
Some of the prominent players in the Home rehabilitation products & services market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global home rehabilitation products & services market.
By Type
By Distribution Channel
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Home Rehabilitation Products and Services Market
5.1. COVID-19 Landscape: Home Rehabilitation Products and Services Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Home Rehabilitation Products and Services Market, By Product
8.1. Home Rehabilitation Products and Services Market, by Product Type, 2024-2033
8.1.1. Products (Body Support Devices, Positioning Devices, Wheelchairs, General Aids, Others)
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Services (Physical Therapy, Speech Therapy, Respiratory Therapy, Occupational Therapy, Others)
8.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Home Rehabilitation Products and Services Market, By Distribution Channel
9.1. Home Rehabilitation Products and Services Market, by Distribution Channel, 2024-2033
9.1.1. Offline Stores
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Online Stores
9.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Home Rehabilitation Products and Services Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2021-2033)
10.1.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2021-2033)
10.1.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2021-2033)
10.1.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2021-2033)
10.2.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2021-2033)
10.2.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2021-2033)
10.2.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2021-2033)
10.2.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2021-2033)
10.2.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2021-2033)
10.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2021-2033)
10.3.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2021-2033)
10.3.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2021-2033)
10.3.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2021-2033)
10.3.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2021-2033)
10.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2021-2033)
10.4.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2021-2033)
10.4.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2021-2033)
10.4.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2021-2033)
10.4.6.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2021-2033)
10.5.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2021-2033)
10.5.3.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2021-2033)
10.5.4.2. Market Revenue and Forecast, by Distribution Channel (2021-2033)
Chapter 11. Company Profiles
11.1. Medline Industries
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Stryker Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Prism UK Medical Ltd.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. DJO Global
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Invacare Corporation
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Hocoma AG
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Ekso Bionics Holdings, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. RehabCare Group
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Performance Health, LLC.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Active Medical & Rehabilitation Services Pvt. Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers