Rehabilitation Products Market Size 2026


Posted August 12, 2020 by tejasa

Rehabilitation involves personalized healthcare used for to maintaining, improving, or restoring health conditions.

 
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Rehabilitation involves personalized healthcare used for to maintaining, improving, or restoring health conditions. In the conventional sense, rehabilitation assists a person achieve greater control of their own health after injury, surgery, or illness. It can also be described as the method of assisting an individual to realize the highest quality of life achievable. Rehabilitation essentially does not overturn or reverse the injury or changes brought about by trauma or disease, thought helps in restoring the individual’s optimal health and well-being.
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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.
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Arthritis and drug abuse are some of the major area where rehabilitation products are used extensively. According to the projections by the CDC, an estimated 78 million people in the U.S. are going to be affected by some form of arthritis by the year 2040. According to the survey conducted by Substance Abuse and Mental Health Services Administration’s (SAMHSA’s) National Survey on Drug Use and Health, around 23.5 million people aged 12 or older needed management of abuse problems in 2009. Among these 23.5 million, only 2.6 million received treatment at a rehabilitation facility. Government initiatives for increasing the treatment facilities would trigger a positive growth momentum to the rehabilitation products market in this region. Moreover, increasing awareness about treatment and success of using rehabilitation products will fuel growth of the market.
Table of Contents
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Top players in the market
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.
Research methodology adopted by Coherent Market Insights
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
• Primary Research (Trade Surveys and Experts Interviews)
• Desk Research
• Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
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Last Updated August 12, 2020