Covid-19 Impact on Rehabilitation Products Market & Future Trends
The Rehabilitation Products Market report presents the industry sales and revenue by companies, regions, type and application and forecast to 2028. This report also studies the market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.
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In February 2020, Wheelchair technology company Rowheels has launched RehabPulse.com, an online marketplace offering product ranges from durable medical manufacturers and rehab brands
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In March 2019, PHS MEDICAL has announced the launch of new physical therapy and rehab product line, that among existing products, includes three new wood treatment tables and two new aluminum products
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In January 2020, MedRhythms, a Portland, Maine-based digital therapeutics company that uses sensors, software, and music to measure and improve walking, announced the advancement of its pipeline in multiple sclerosis (MS) and Parkinson’s disease (PD)
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In February 2018, Bionik Laboratories Corp a robotics company focused on providing rehabilitation and assistive technology solutions announced the launch of its improved InMotion Arm interactive robotic system for clinical rehabilitation of stroke survivors and those with mobility impairments due to neurological conditions
Growing incidence of chronic ailments such types of diseases require extra care to regain patient physical health and well-being of the body is driving the growth of the rehabilitation products market. Rehabilitation products are mostly used for amputation, drug abuse, and other similar health issues cases. According to the Centre for Disease Control and Prevention, in 2018, 51.8% of US adults had at least 1 chronic condition, and 27.2% had multiple chronic conditions. Prevalence was highest among women, non-Hispanic white adults, adults aged 65 or older, and those living in rural areas. Thus growing prevalence of chronic disease is significantly contributing to the growth of the rehabilitation products market.
Rehabilitation products are those that are used in rehabilitation services. They can be rehabilitation equipment that is needed in a rehabilitation center or a medical clinic; or, rehabilitation products that can be used at home by patients or the caregiver. These rehabilitation products range from simple chairs to exercise equipment and mobility aids. Many rehabilitation products have become popular accessories today because they not only improve one’s condition, but they make the person look and feel better as well. Some of the rehabilitation products include posture products, exercise equipment, mobility aids, and many more.
North America is expected to dominate the global rehabilitation products market owing to the growing geriatric population which is increasing prevalence of the chronic disease. This is, in turn, augmenting demand for rehabilitation products. According to the U.S. Census Bureau, there were 40.3 million U.S. residents 65 years and older in the 2010 Census and more than 54 million on July 1, 2019
Top Key Players Include In Rehabilitation Products Market: St Joseph’s Care Group, Niva Medical Co., Physiotherapy Associates, La Nostra Famiglia, MHL Clinics, AliMed, US Physical Therapy, Select Medical, and RehabCare.
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