Therapeutic Homecare Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Various studies conducted recently contend that rehabilitation treatments and therapeutic devices offered at home settings are equally effective as compared to hospitals for a number of surgeries. This has especially evident in case of total knee replacement surgeries and hence the substantial demand for therapeutic homecare devices for restoring mobility. Walking aids form one of the crucial assisted technologies that help in restoring strength and improving the functional capacity of patients’ limbs. Clinicians in advanced nations such as in Europe and North America are focused to reduce the in-hospital convalescence and shorten the duration of hospital stays. The choice of specific assistive therapeutic homecare devices to support rehabilitation should be guided by the recommendation of concerned surgeons or physiotherapists or rehabilitation physician.
The functions of therapeutic devices in reducing the vulnerability in elderly patients have been especially acknowledged. Technological advancements have made these devices more user-friendly and convenient. User-technology integration is one such recent advancements gaining traction with medical device manufacturers. Ergonomic deigns further help in improving the gait performance. In addition, therapeutic homecare devices have been especially instrumental in reducing post-operative pain and make patients more independent, thereby accelerating recovery. A continuous passive motion (CPM) therapy may accompany other therapeutic devices and physiotherapy exercises, but they are limited in their functionality. CPM devices may not alleviate pain or enhance mobility but improves the patient’s capability to bend the knee slightly. Further studies assessing the efficacy and role of therapeutic homecare devices for the rehabilitation in patients who have undergone other surgeries are likely to be conducted in the coming years.
The market intelligence report therapeutic homecare devices market is a comprehensive review of the growth trail in terms of current, historical, and future scenarios of the global therapeutic homecare devices market.
Therapeutic homecare devices are defined as the devices or equipment that a patient uses post-surgery. Therapeutic homecare devices are designed for the purpose of helping people to recover from any ailment in an easy and effective manner. Generally, these devices are prescribed to patients after any major orthopedic surgery such as hip or knee replacement, cardiac surgeries or in surgeries after which the patient faces difficulty in performing daily activities. Based on devices, therapeutic homecare devices market has been segmented into custom-made beds, walking aids, bath safety, and wheelchairs.
The report therapeutic homecare devices market offers an evaluation of the aspects that are expected to influence the development of the market and the primary trends have also been specified in the research study. The research study also offers a broad lookout on the vendor landscape of the market through Porter’s five forces analysis. The research publication provides references of mergers and acquisitions, the research and development activities, specifics on licensing and collaborations. The report probes into the strategies related to marketing, shares, and product portfolio of the key participants in the global therapeutic homecare devices market.
The therapeutic homecare devices market promises profitable business opportunities during the forecast period owing to increasing demand for home healthcare, rising technological advancements, and abundance of cost-effective alternatives as compared to hospital modalities. Factors such as growing geriatric population and increasing prevalence of chronic diseases along with orthopedic disorders are further augmenting in the therapeutic homecare devices market growth. According to the American Academy of Orthopedic Surgeons, most of the patients who undergo knee replacement belong to the age group from 50 to 80 years. Furthermore, the number of hospital discharges with knee replacement among people of 65 years of age and above has been observed to be continuously increasing every year. Around 90 people in every 10,000 were reported to have undergone a knee replacement surgery in the U.S. in 2009 as against 58 people per 10,000 in 1997. Growing number of orthopedic surgeries has further accelerated the adoption of therapeutic homecare devices among patients who have undergone orthopedic surgeries, hence driving the market.
Region-wise, North America dominates the global therapeutic homecare devices market trailed by Europe. Favorable reimbursement policies, growing number of small scale home healthcare services providers, high prevalence of orthopedic and cardiovascular diseases, and rising investments by the government bodies towards home healthcare market are the prime dynamics stimulating the growth of therapeutic homecare devices in these two regions. Asia Pacific is estimated to emerge as the one of the most opportunistic market for therapeutic homecare devices vendors. The introduction of new technologies, continuous product launch by market players and growing awareness about home healthcare among patients and doctors are some of the factors that are expected to bolster the growth of the market in the region.
The key market players of therapeutic homecare devices market are Pride Mobility Products Corporation, Invacare Corporation, Ottobock Healthcare GmbH, National Pain Care, Sunrise Medical, Inc., GF Health Products, Inc., Levo AG, and Merits Health Product Co. Ltd.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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