HOMECARE REHABILITATION SERVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Homecare Rehabilitation Service Market Size and Trends

Global homecare rehabilitation service market is estimated to be valued at USD 95.80 Bn in 2024 and is expected to reach USD 130.02 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

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The market can witness steady growth during the forecast period due to rising geriatric population globally prone to chronic disabilities and the preference for receiving treatments in the comfort of home. Rising focus on reducing healthcare costs by switching to low-cost home-based settings from expensive inpatient services can also drive the market growth.

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Top Strategies Followed by Global Homecare Rehabilitation Service Market Players

• Established players focus extensively on research and development to deliver innovative solutions. Companies like Physiotherapy Associates invest heavily in R&D to develop advanced physiotherapy equipment and digital therapy platforms. It conducts clinical trials to obtain U.S. FDA approvals and establish clinical efficacy. Leading players also pursue strategic partnerships to expand their service portfolio and global reach. AliMed partners with hospitals, clinics, and sports organizations to provide customized rehabilitation programs using the latest therapy devices. PerformCare partners with government agencies to offer Medi-Cal funded home health services across California.
• Mid-Level players aim to make rehabilitation affordable. Companies like Better Medical focuses on producing quality yet reasonably priced assistive equipment. These forge collaborations with orthopedic surgeons to codesign cheap implants and prosthetics.
• Small startups specialize in niche segments. Firms like CereWalk develop battery-powered exoskeletons for spinal injury patients. In January 2024, Medicare recognized the ReWalk Personal Exoskeleton as a medically necessary device for eligible beneficiaries with spinal cord injuries, marking a significant milestone in accessibility.

Emerging Startups in the Global Homecare Rehabilitation Service Market

Several startups use cutting-edge technologies like artificial intelligence (AI) for personalized therapy. Companies like Anthropic develop AI-based video game therapies to treat mental health issues through engaging gameplay. StrongMind offers virtual reality-assisted exposure therapy proven to reduce PTSD and phobia symptoms.

Such innovations could transform at-home care delivery. AI and VR solutions enable remote, personalized treatment monitoring while reducing costs. Telehealth platforms ensure therapy access for patients in remote areas.

Sustainable startups also contribute to the homecare rehabilitation service market. No Metrics develops biodegradable splints, casts and slings from agricultural byproducts. It helps reduce medical waste without compromising strength. Inde Robotics manufactures exoskeletons powered by lithium-ion batteries that can be recycled multiple times.

These startups address unique local needs. Rio develops wheelchair adaptations tailored for tricky terrains in hilly regions. Neofect focuses on 3D printed myoelectric hands fitted for pediatric and geriatric patients.