REHABILITATION PRODUCTS MARKET ANALYSIS

Market Challenges And Opportunities

Restraints

Facility expansions by rehabs and mobility centres have resulted from growing demand for rehabilitation products. For instance, in August 2019, Penrith-based Cowper's Mobility Centre relocated to a larger facility in order to provide a wider range of rehabilitation products following hospital discharge, and help people try the products first hand, and also get guidance regarding mobility issues.

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Market Drivers

Scientific advancements have led to the increase in life expectancy among the global population, thereby increasing the geriatric population base. This will propel the overall rehabilitation products market size. Geriatric patients usually develop such chronic medical conditions that need rehabilitation products for maintaining the health and well-being of their lives. Moreover, growing number of surgeries around the world along with rise in healthcare spends are likely to encourage the overall rehabilitation products. As stated by the National Center for Health Statistics, around 48 million surgical inpatient procedures were conducted in the U.S. alone, in 2009. Rehabilitation products are very essential for faster recovery as well as maintaining a proper health post-surgical procedure. This will give a positive push towards the overall growth of the market.