Global Home Rehabilitation Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Home Rehabilitation Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Home rehabilitation allows the continuation of care within a familiar environment. The primary purpose of home rehabilitation is to improve the quality of life of patients, reduce the burden of caregivers, and avoid the occurrence of new disabilities by assisting the patient in day-to-day activities.

Market Overview:

The latest research study on the global Home Rehabilitation market finds that the global Home Rehabilitation market reached a value of USD 173408.07 million in 2023. It’s expected that the market will achieve USD 245871.62 million by 2029, exhibiting a CAGR of 5.99% during the forecast period.

In addition to misery and a humanitarian crisis, the Russia-Ukraine conflict will lead to slower growth and higher inflation across the global economy. Higher prices for commodities such as food and energy will further drive up inflation, reducing real income and lowering demand. For example, the European Union followed the United States in launching multiple rounds of sanctions against Russia, which led to soaring energy prices in European countries. In the past year, inflation in Europe has remained high, and people's living costs have risen. For the Home Rehabilitation industry, from the perspective of the terminal consumer market, due to the increase in the cost of living due to the Ukrainian-Russian conflict, people reduce their consumption expenditure on health care, which affects market development. In the Ukrainian and Russian markets, the outbreak of the war caused a large number of casualties in the region, which may lead to an increase in the demand for rehabilitation treatment, thereby affecting the Home Rehabilitation market.

Driving Factors

Increased emphasis on rehabilitation

Rehabilitation is a series of measures to help individuals who experience or may experience disabilities achieve and maintain optimal functional status in the interaction with the environment. Rehabilitation medicine is an important branch of clinical medicine, and it forms a complete medical system of modern medicine together with prevention, health care and clinical medicine. Rehabilitation medicine takes the patient as the main body, aims to restore function, and focuses on the quality of life of people, so that patients with disabilities can be recovered to the greatest extent. In terms of economic value, rehabilitation medicine can shorten the course of disease treatment and recovery time, and reduce medical expenses. In terms of social value, rehabilitation medicine can help patients improve their self-care ability and self-confidence, and integrate into social life as soon as possible. With the continuous development of the economy and the continuous improvement of residents' health awareness, people's health consumption has gradually changed from disease treatment to comprehensive rehabilitation, thereby promoting the development of rehabilitation medicine. In recent years, with the improvement of the popularity of rehabilitation medicine and the improvement of residents' awareness, the rehabilitation industry has received more and more attention, and the demand for rehabilitation medicine has continued to increase. In general, people's increased emphasis on rehabilitation medicine has actively promoted the development of the Home Rehabilitation industry.

Region Overview:

In 2022, the share of the Home Rehabilitation market in North America stood at 39.43%.

Company Overview:

Humana

In 2021, Humana completes the acquisition of Kindred at Home. Humana (Kindred at Home) is committed to helping millions of medical and specialty members achieve their best health. Successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Humana (Kindred at Home) is a home health provider in the United States. Over the years, the company has helped millions of seniors take control of their health from the comfort of their homes. From time-tested clinical programs to award-winning care, everything Humana (Kindred at Home) does is patient-centered.

LHC Group, Inc.

LHC Group, Inc. is a national provider of home healthcare services and innovations, focused on delivering high-quality, value-based healthcare to patients in the comfort and privacy of their home or place of residence. LHC Group's professional nurses, therapists and home health aides are experienced in delivering a full range of home health services and programs designed to achieve the best possible outcome for their clients.

Humana is one of the major players operating in the Home Rehabilitation market, holding a share of 1.13% in 2023.

Segmentation Overview:

Physical Therapy

Exercise is the main focus of physical therapy. This includes bed mobility, wheelchair mobility, transfer from bed to chair or toilet, walking and using stairs. Physiotherapists also instruct thinkers in using a walker or cane, maneuvering a wheelchair with one hand, and safety transfer techniques. They also work with patients to reduce pain and improve strength, endurance, balance and range of motion.

Occupational Therapy

Occupational psychotherapy helps patients become more independent by teaching them new ways to perform everyday tasks, such as making breakfast, getting dressed, or even brushing their hair. Occupational therapy also teaches patients how to protect their muscles and joints and build their strength and endurance. When necessary, they provide training in the use of adaptive equipment such as hand reachers and long-handled shoehorns.

Speech Therapy

Speech Therapy evaluates and treats patients with hearing, speech, communication and swallowing disorders. Speech therapy focuses on improving speech expression, comprehension, oromotor skills for accurate speech, and safe eating strategies.

Rehabilitation Engineering

Rehabilitation Engineering uses robotics to assist training through the installation and use of prosthetics. The main purpose of treatment is to restore, compensate or rebuild the patient's function.

Others

Including stylistic therapy, psychotherapy, etc., to regulate mental and psychological activities and improve physical function.

By type, Physical Therapy segment accounted for the largest share of market in 2022.

Application Overview:

Disease

According to different customer groups, this type mainly includes patients with chronic diseases such as hypertension and cardiovascular disease and postoperative recovery groups.

Disability

A disability is any condition of the body or mind (impairment) that makes it more difficult for the person with the condition to do certain activities (activity limitation) and interact with the world around them (participation restrictions).

Elderly

The physical function and living ability of the elderly decline. Refers to home rehabilitation for older adults.

Others

It mainly refers to patients with congenital deformities, postpartum rehabilitation groups, etc.

By application, the Disease segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Home Rehabilitation market covered in Chapter 3:

Prism Medical
Enhabit
Medline Industries
Ekso Bionics
Performance Health (Patterson Medical Holdings)
Handicare
AliMed
Baxter International
Invacare
AccentCare
Stryker
Ergoline
Amedisys
Enovis (DJO)
LHC Group, Inc.
Select Rehabilitation (RehabCare)
Humana (Kindred at Home)
Hocoma
TecnoBody

In Chapter 4 and Chapter 14.2, on the basis of types, the Home Rehabilitation market from 2019 to 2030 is primarily split into:

Physical Therapy
Occupational Therapy
Speech Therapy
Rehabilitation Engineering
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Home Rehabilitation market from 2019 to 2030 covers:

Disease
Disability
Elderly
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)