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– State-of-the-art wearable sensors and advancements in robotics boost tele-rehabilitation outcomes in patients with chronic diseases and orthopedic disorders & injuries
– Home-based rehabilitation products & services ensure continuity of patient care during the ongoing COVID-19 pandemic; demand for virtual reality (VR) rehabilitation services to offer incremental opportunities
ALBANY, N.Y., Oct. 8, 2021 /PRNewswire/ — Home-based rehabilitation programs have steadily gained traction in the industry for managing various chronic conditions in orthopedics and neurology, and the trend is enriching the prospects of the home rehabilitation products & services market. Furthermore, these have shown significant clinical outcome in speeding up recovery in patients after orthopaedic surgeries, and in treating many common musculoskeletal problems and neurological diseases.
Home rehabilitation and teleradiology services and products emerged at the forefront during the outbreak of the COVID-19 pandemic in 2020, primarily to limit the risk of exposure to the virus for patients and clinicians. Adoption of tele-rehabilitation modalities had allowed healthcare service providers to reduce out-patient appointments, while still ensuring the continuity of care to the patient population during the ongoing pandemic. The trend continues to the present-day.
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The growing adoption of state-of-the-art technologies such as advanced wearable robotic exoskeletons and virtual reality (VR) in physiotherapy sessions are opening up lucrative avenues for players in the home rehabilitation products & services market. More prominently, the demand for home rehabilitation and teleradiology services is being fueled by growing effectiveness of these in improving outcomes in a range of sports injuries and neurological diseases. The global home rehabilitation products & services market is projected to cross US$ 264.8 Bn by 2031.
Key Findings of Home Rehabilitation Products & Services Market Study
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Home Rehab Programs Gather Traction for Various Orthopedic Patients: The effectiveness of home rehabilitation programs for various patients after orthopedic surgeries has increased over the years, offering lucrative opportunities to players in the home rehabilitation products & services market. Moreover, tele-rehabilitation has improved outcomes for osteoarthritic patients, notably witnessed in their activities of daily living outcomes. Concurrently, home rehab programs have reduced re-hospitalizations, lowered the mortality rate, and limited the number of visits to nursing homes. The adoption of innovative sensor and robotics is likely to prove a game-changer for teleradiology. In this regard, the market is attracting substantial R&D investments for integrating human-to-digital interface technologies in home-based rehabilitation products. The demand for virtual monitoring technologies and next-gen wearable technologies is extending the horizon for new revenue streams in the home rehabilitation products & services market.
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New Technologies in Home Physiotherapy Programs Boost Patient Quality of Life (QoL): The growing effectiveness of telerehabilitation treatments is bolstering their acceptance as an alternative to inpatient postoperative rehabilitation programs, especially in adult patient population. Technological advancements in teleradiology devices have made rehabilitation programs more accessible to certain patient populations, notes the study on the home rehabilitation products & services market.
Teleradiology services have demonstrated benefits in improving communication between remote patients and specialists, thereby considerably boosting the former’s quality of life (QOL). Players are relentlessly working to gather evidence of clinical effectiveness of various modalities in home-based physiotherapy care, such as of Transcutaneous Electrical Nerve Stimulation (TENS) and virtual teleradiology, notes the TMR study on the home rehabilitation products & services market. Their adoption is likely to open up new possibilities for improving health status in elderly patients with motor impairment and in patients with hip fracture.
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Home Rehabilitation Products & Services Market: Drivers
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Globally, healthcare policies are leaning on meeting the needs of aging population and patients with chronic diseases who need long-term care. Home-based rehabilitation services have shown benefits in reducing their dependence on caregivers. Especially in elderly patients, such services are being integrated with multidisciplinary social health interventions. These have laid the groundwork for players to boost their revenue prospects in the home rehabilitation products & services market.
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Rapidly increasing incidence of chronic diseases in some countries and their worldwide prevalence are driving the need for advancing rehabilitation programs for reducing the morbidity and mortality in the patient population. New modalities that allow constant remote monitoring are thus attracting demand among healthcare providers, caregivers, and patients. Furthermore, the presence of a large proportion of world’s population aged 15 years and older are living with some form of disability is a factor that is spurring the prospects of these home-based rehabilitation products.
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Home Rehabilitation Products & Services Market: Competition Landscape
Some of the key players in the market are Medline Industries, Inc., Performance Health, ergoline GmbH, AliMed, Inc., Ekso Bionics Holdings, Inc., Hocoma AG, DJO Global, Invacare Corporation, and Stryker Corporation.
Global Home Rehabilitation Products & Services Market: Segmentation
Home Rehabilitation Products & Services Market, by Product Type
Home Rehabilitation Products & Services Market, by Region
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North America
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Europe
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Asia Pacific
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Latin America
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Middle East & Africa
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:
Smart Exoskeleton Market: Favorable reimbursement policies and increase in applications of smart exoskeleton in various industries are anticipated to drive the global smart exoskeleton market from 2021 to 2031. North America is expected to account for a significant share of the global smart exoskeleton market during the forecast period.
Robotic Rehabilitation and Assistive Technologies Market: The robotic rehabilitation and assistive technologies market is driven by well-designed technology to develop care and companionship robots and assistive speech technology systems. Thus, stakeholders are conducting research & development to identify how assistive robots can effectively help disabled patients, and are working closely to design novel assistive robot technologies that solve the challenges of disabled individuals.
Physiotherapy Devices Market: The global physiotherapy devices market has been gaining a steady momentum in recent years due to a high incidence of injuries and ailments. Lifestyle changes, poor habits, and availability of physiotherapy services has boosted market growth in the past few years. On the other hand, the increasing participation in sporting activities has also had a positive impact in the overall market.
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