Rehabilitation Products Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Rehabilitation involves personalized healthcare used for to maintaining, improving, or restoring health conditions. In the conventional sense, rehabilitation assists a person achieve greater control of their own health after injury, surgery, or illness. It can also be described as the method of assisting an individual to realize the highest quality of life achievable. Rehabilitation essentially does not overturn or reverse the injury or changes brought about by trauma or disease, thought helps in restoring the individual’s optimal health and well-being.

The growth of rehabilitation products market is likely to increase in the near future due to the rising occurrences of chronic ailments, as the individuals suffering from these types of diseases require protracted care to regain their physical health and well-being of the body. Rehabilitation products are also extensively used for individuals suffering from disabilities such as drug abuse, amputation, and other similar health issues, which will further encourage the growth of the overall market. As per the Centre for Disease Control and Prevention, in 2012, around 117 million people were suffering from one or multiple chronic diseases such as cancer, type 2 diabetes, and obesity. In 2010, seven of the top ten causes of death were chronic diseases. Since the maintenance of health in chronic diseases requires rehabilitation products, hence, the global market for rehabilitation products is poised to rise at a considerable rate over the forecast period.

Rehabilitation Products Market Taxonomy

On the basis of product type, the global market is classified into:

    • Wheel Chairs
    • Wrist support
    • Traction kits cervical
    • Walkers, rotators and sticks
    • Adhesive bandage/skin traction
    • Cervical support
    • Knee/ankle support
    • Abdominal support
    • Traction kits pelvic, skin and ankle
    • Arm/shoulder support
    • Others

On the basis of end user, the global market is classified into:

    • Physiotherapist
    • Orthopedists
    • Rehab centers
    • Occupational therapists
    • Speech therapists
    • Others

Arthritis and drug abuse are some of the major area where rehabilitation products are used extensively. According to the projections by the CDC, an estimated 78 million people in the U.S. are going to be affected by some form of arthritis by the year 2040. According to the survey conducted by Substance Abuse and Mental Health Services Administration’s (SAMHSA’s) National Survey on Drug Use and Health, around 23.5 million people aged 12 or older needed management of abuse problems in 2009. Among these 23.5 million, only 2.6 million received treatment at a rehabilitation facility. Government initiatives for increasing the treatment facilities would trigger a positive growth momentum to the rehabilitation products market in this region. Moreover, increasing awareness about treatment and success of using rehabilitation products will fuel growth of the market.

Increasing geriatric population and rise in surgical procedures offers a promising market opportunity for rehabilitation products market

Scientific advancements have led to the increase in life expectancy among the global population, thereby increasing the geriatric population base. This will propel the overall rehabilitation products market size. Geriatric patients usually develop such chronic medical conditions that need rehabilitation products for maintaining the health and well-being of their lives. Moreover, growing number of surgeries around the world along with rise in healthcare spends are likely to encourage the overall rehabilitation products. As stated by the National Center for Health Statistics, around 48 million surgical inpatient procedures were conducted in the U.S. alone, in 2009. Rehabilitation products are very essential for faster recovery as well as maintaining a proper health post-surgical procedure. This will give a positive push towards the overall growth of the market.

Some of the other drivers of the global rehabilitation products market are increasing disposable income leading to access to better healthcare and growing infrastructure in the healthcare industry, especially in highly populous emerging economies such as India and China. The general development pattern of the rehabilitation products industry is likely to be highly optimistic. This is applicable primarily to the developed economies, where the availability of modern medicines and advanced healthcare facilities are better when compared to developing countries. However, growth in healthcare facilities has been able to create a much wider patient base in the developing economies that can access and afford medical rehabilitation services. Therefore, the rehabilitation products market in the developing regions is expected to grow at a significant pace over the forecast period.

The rehabilitation products market is highly fragmented in nature. Many companies are investing heavily in their research and development activities to come up with different forms of rehabilitation products. Companies operating in the rehabilitation products industry in the current scenario are St Joseph's Care Group, Niva Medical Co., Physiotherapy Associates, La Nostra Famiglia, MHL Clinics, AliMed, US Physical Therapy, Select Medical, and RehabCare.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.