Market News

Key Developments

Market players are engaged in revamping their services and expanding their product portfolio to strengthen their position in the market. For instance, in September 2019, Restorative Therapies, Inc., developer manufacturer, marketer, and distributor of FDA cleared, class II medical devices for neurological rehabilitation and critical care early mobility, announced the launch of a new corporate branding and a new website. The branding is aimed at furthering the company’s goal of supporting positive therapeutic outcomes for patients in critical care, neurological rehabilitation and home settings.

Strategic expansions and acquisitions among key market players are driving growth of the rehabilitation products market. In November 2017, Novacare opened 7 rehabilitation centres across the U.S, becoming the largest provider of outpatient rehab care in the country.

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.

Technological innovations and product launches by manufacturers are expected to facilitate growth of the market over the forecast period. In March 2019, Yamaha Motor Corp., USA, launched the NAVIGO joystick power system from the NAVISERIES for wheelchair riders. The product line is focused on supporting mobility needs of a wide range of wheelchair riders.