Rehabilitation is the process of bringing back from dysfunction to appropriate function. Loss of function can be isolated for a part of the body or multiple functional parts, which require multi directional therapy. Reasons for such a loss of function can be physical or physiological injury. Rehabilitation products is any equipment that aids in this process. As per TMR, over the forecast period of 2020 to 2030, the global rehabilitation products market would grow at a sturdy rate.
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Global Rehabilitation Products Market: Competitive Landscape
A number of manufactures are present in the rehabilitation products market, which makes the market scenario fragmented. Prominent players in the market include:
- Invacare Corporation
- Medline Industries, Inc.
- Hill-Rom Services Inc.
- Dynatronics Corporation
- Drive DeVilbiss Healthcare
- DJO Global, Inc.
- Carex Health Brands, Inc.
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These market players are set to direct efforts towards increase in production to cater to increased demand for rehabilitation products. Increasing market outreach is anticipated to be the next step for players to plug in supply gaps.
Global Rehabilitation Products Market: Key Trends and Drivers
The incidence of chronic diseases is rising globally such that 57% of the global population is estimated to be affected by one of these diseases by 2050. Chronicity leads to loss of function either locally or to the whole individual over time. This is set to give impetus to the rehabilitation products market to grow in the future.
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The world population is getting older. Especially in the developed countries like the United States, the number of persons aged 60 years and above will double till 2060. A growing geriatric population is set to depend more on rehabilitative services, which shall help the market grow.
Global Rehabilitation Products Market: Regional Analysis
Europe is currently the global leader in the rehabilitative products market owing to a robust healthcare infrastructure which supports an increasingly ageing regional population. North America follows suit due to the same factors.
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As the Asia Pacific region (APAC) is adopting a Western lifestyle, the incidence of chronic diseases is increasing among the local people. This should make this region a good market for rehabilitative services in the coming years.
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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