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Smart Portable Rehabilitation Devices Market Outlook 2024: Innovations in Personalized Therapy
Smart Portable Rehabilitation Devices
The Business Research Company presents an extensive market research report on the Smart Portable Rehabilitation Devices Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The smart portable rehabilitation devices market size has grown rapidly in recent years. It will grow from $2.49 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to increasing cases of disability among population, increasing use of virtual reality in treating patients, increasing adoption of vr technology in healthcare.
The smart portable rehabilitation devices market size is expected to see rapid growth in the next few years. It will grow to $5.08 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to population rapidly aging, increasing prevalence of non-communicable diseases, increasing various policies supporting virtual rehabilitation, growing emphasis on patient-centric healthcare. Major trends in the forecast period include product innovations, partnerships, advancements in virtual rehabilitation, newer technology and smoother internet connections.
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Key Market Players:
Major companies operating in the smart portable rehabilitation devices market report are Medline Industries Inc., Invacare Corporation, Caremax Rehabilitation Equipment Ltd, Hinge Health, Drive Devilbiss Healthcare, Kinova Robotics, GF Health Products Inc. , Dynatronics Corporation, Bioness Inc., Motion Composites, MindMaze, Neofect, Hocoma, Tyromotion, Myomo Inc., Esko Bionics, AlterG, ReWalk Robotics, LiteGait, suitX, Rifton Equipment, InnoMotion, Reha Technology AG, Rex Bionics, Kinestica, Ankon Medical Technologies, DyCare, Bionik Laboratories
Market Drivers:
The rising geriatric population is expected to propel the growth of the smart portable rehabilitation devices market going forward. The geriatric population refers to the segment of the population composed of elderly individuals or senior citizens. Smart portable rehabilitation devices help geriatric individuals maintain their independence and autonomy by providing them with the tools to monitor their health and engage in rehabilitation activities at their own pace. For instance, in October 2022, according to the World Health Organization, a Switzerland-based intergovernmental organization, the share of the population aged 60 years and over increased to 1.4 billion in 2022, and the world's population of people aged 60 years and older is expected to reach 2.1 billion by 2050. Therefore, rising geriatric populations are driving the growth of the smart portable rehabilitation devices market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/smart-portable-rehabilitation-devices-global-market-report
The smart portable rehabilitation devices market covered in this report is segmented -
1) By Type: Daily Living Aids, Mobility Equipment, Exercise Equipment, Body Support Devices
2) By Rehabilitation Type: Passive Rehabilitation, Active-Assistive Rehabilitation
3) By End-User: Hospitals And Clinics, Rehabilitation Centers, Physiotherapy Centers, Other End-Users
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