Rehabilitation Products MarketSize and Trends

The growth of rehabilitation products market is likely to increase in the near future due to the rising occurrences of chronic ailments, as the individuals suffering from these types of diseases require protracted care to regain their physical health and well-being of the body. Rehabilitation products are also extensively used for individuals suffering from disabilities such as drug abuse, amputation, and other similar health issues, which will further encourage the growth of the overall market. As per the Centre for Disease Control and Prevention, in 2012, around 117 million people were suffering from one or multiple chronic diseases such as cancer, type 2 diabetes, and obesity. In 2010, seven of the top ten causes of death were chronic diseases. Since the maintenance of health in chronic diseases requires rehabilitation products, hence, the global market for rehabilitation products is poised to rise at a considerable rate over the forecast period.

Moreover, increasing awareness about treatment and success of using rehabilitation products will fuel growth of the market.

Increasing geriatric population and rise in surgical procedures offers a promising market opportunity for rehabilitation products market

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.

Some of the other drivers of the global rehabilitation products market are increasing disposable income leading to access to better healthcare and growing infrastructure in the healthcare industry, especially in highly populous emerging economies such as India and China. The general development pattern of the rehabilitation products industry is likely to be highly optimistic. This is applicable primarily to the developed economies, where the availability of modern medicines and advanced healthcare facilities are better when compared to developing countries. However, growth in healthcare facilities has been able to create a much wider patient base in the developing economies that can access and afford medical rehabilitation services. Therefore, the rehabilitation products market in the developing regions is expected to grow at a significant pace over the forecast period.

Market Trends

The rehabilitation products market is highly fragmented in nature. Many companies are investing heavily in their research and development activities to come up with different forms of rehabilitation products.