Rehabilitation Aids Market Scope
The ability of any Rehabilitation Aid to provide maximal support without causing extra suffering to a patient who is already in pain is the most critical aspect. Rehabilitation is a treatment that uses therapy and counseling to help people recover from an injury, illness, or disease and return to a normal state. Because a wide range of equipment is reusable by nature, customers are increasingly adopting it. According to the World Health Organization, no communicable illnesses kill roughly 41 million people each year, accounting for 71% of all deaths worldwide. This would increase demand for rehabilitation centers as the rest of the population with non-communicable diseases seeks to be diagnosed, promoting the entire market's growth.
The Rehabilitation Aids market study is segmented by Type (Daily Life Assistive Equipment and Mobile Devices), by Application (Physiotherapy, Occupational Therapy and Other Applications) and major geographies with country level break-up.
Mergers and acquisitions, expansions, investments, new service launches, and collaborations are among the companies' favored favofavorites exploring the market. Players are expanding and acquiring businesses in new geographies to get a competitive edge through synergy. These market competitors plan to focus their efforts on increasing production to meet the rising demand for rehabilitation products. Players are expected to increase their market outreach as the next stage in plugging supply shortfalls.
Ottobock (Germany), Invacare (United States), Ossur (Iceland), DJO Global (United States), Sunrise Medical (United Kingdom), Dynatronics (United States), DeRoyal Industries (United States), Hoveround Corp (United States), Vermeiren (Belgium) and Nissin (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Caremax (United States), Drive Devilbiss (United States) and Hubang (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Rehabilitation Aids market by Type, Application and Region.
On the basis of geography, the market of Rehabilitation Aids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In Feb 2021, Rehabs Corporation provides a 24-hour service to those looking for treatment institutions in the United States. As a result, companies are launching new items related to rehabilitation equipment regularly, fueling the total market expansion., In Jan 2020, Medline Industries, Inc. (the U.S) has purchased Médi-Sélect (Canada), a medical and dental products distributor, to broaden its geographic reach and position in the Quebec market. and In Oct 2020, Bioness Inc. has announced the commercial introduction of the Bioness Integrated Therapy System (BITS) for rehabilitation centres.
Market Trend
- The mobility equipment segment is expected to grow at a healthy rate over the forecast period
Market Drivers
- Increasing Number of Incidences of Musculoskeletal Disorders
- Rise in geriatric population with increasing occurrence of chronic diseases
- Increasing Advanced Technology
- Increasing Population of Elderly People around the World
Opportunities
- Innovative R&D Approaches and Develop Effective and Advanced Devices in Market
- Increased Resident Income in Developing Countries
Restraints
- High Costs of Maintenance
Challenges
- Awareness and Access to Rehabilitative Services Are Both Lacking Create an Opportunity for Rehabilitation Aids Market
Key Target Audience
Rehabilitation Aids Manufactures, Rehabilitation Aids Distributors, Rehabilitation Aids Retailers, Investors, R&D Department, Rehabilitation Aids companies, Venture Capitalists, Industry Associations, Hospitals and Regulatory Bodies