The global home rehabilitation services industry is poised for substantial growth, with a projected valuation of US$ 140.5 billion by 2032, according to a recent report by Future Market Insights. The Compound Annual Growth Rate (CAGR) for the sector is estimated at 4.8%, indicating a significant leap from its 2021 value and signaling a robust trajectory for the market over the forecasted period.
The report highlights that the home rehabilitation services market is set to represent nearly 38.0% of the expansive US$ 221.2 billion rehabilitation therapy services market worldwide in 2021. This remarkable growth is attributed to several key factors, including a heightened emphasis on home-based rehabilitation, technological advancements, and an escalating demand for personalized, convenient services.
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Government support and initiatives for home healthcare are on the rise, telerehabilitation and e-health are becoming more widely accepted, and doctors and patients are becoming more aware of the benefits of home rehabilitation services, all of which will lead to even more enticing opportunities for market growth.
“Increasing popularity of telehealth services, along with growing demand for ortho rehabilitation will augment the growth in the market over the assessment period,” says an FMI analyst.
Key Takeaways:
- Sales in the ortho rehabilitation segment are forecast to increase at a 5% CAGR over the assessment period.
- The U.S. will dominate the North America home rehabilitation services market and held 92.8% of the total market share in 2021.
- Demand for home rehabilitation services in China will grow at a 5% CAGR through 2032.
- Australia will emerge as a lucrative pocket, with demand growing at a 4.6% CAGR over the forecast period.
Which Factors are restraining the Demand for Home Rehabilitation Services?
Despite the growing scope of services in the developed countries, home tele-rehabilitation services tend to face many challenges across developing economies. Factors such as the lack of physician skills required in e-health, apprehensions associated with data privacy, and the dearth of national e-health policies, will hinder the growth in the home rehabilitation services market.
Most of the healthcare professionals are not well acquainted with the latest information technologies, and also find it difficult to handle modern gadgets. There is a lack of telemedicine experts in many developing countries, which can hamper demand for home rehabilitation services.
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Competition Landscape:
Key service providers are collaborating at all levels of the health system to develop technical, policy, and research capability, as well as increase political commitment and inspire leadership.
Various manufacturers are also utilising modern technologies and supporting simple, low-cost service delivery methods to provide access to rehabilitation in the home and community, which is where it is most needed. For instance:
- In late 2020, ReLAB-HS launched a five-year initiative adapted to satisfy the growing need for physical rehabilitation services in low- and middle-income countries.
More Insights into Home Rehabilitation Services Market Report
Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032.
The global home rehabilitation services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the home rehabilitation services market segment based on By services– (ortho rehabilitation, neuro rehabilitation, cardiopulmonary rehabilitation, geriatric rehabilitation, and others), and across seven major regions.
Key Market Segments Covered in Home Rehabilitation Services Industry Research:
By Service Type:
- Ortho Rehabilitation
- Neuro Rehabilitation
- Cardiopulmonary Rehabilitation
- Geriatric Rehabilitation
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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