What Is The Current and Historic Market Size Analysis Of The Smart Portable Rehabilitation Devices Market?
The smart portable rehabilitation devices market has seen considerable growth due to a variety of factors.
• There has been a swift expansion in the market size of smart portable rehabilitation devices in the past few years. The market, which is projected to surge from $2.88 billion in 2024 to $3.33 billion in 2025, is anticipated to register a compound annual growth rate (CAGR) of 15.6%.
The notable growth during the historic period can be linked to a rise in disability cases amongst the population, an escalated use of virtual reality for patient treatment, and an increased embrace of VR technology in the healthcare sector.
What are the Market Size and Expected Growth Rates for the Smart Portable Rehabilitation Devices Market?
The smart portable rehabilitation devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market for smart portable rehabilitation devices is anticipated to undergo swift expansion in the forthcoming years, with an estimated valuation of $5.85 billion in 2029, expanding at a compound annual growth rate (CAGR) of 15.2%.
The anticipated growth can be linked to an aging population, a rise in non-communicable diseases, supportive policies for virtual rehabilitation, and a growing focus on patient-centred healthcare. Key trends during the forecast period incorporate product innovations, partnerships, advancements in virtual rehabilitation, fresh technology, and enhanced internet connectivity.
Which Key Drivers Are Propelling The Smart Portable Rehabilitation Devices Market's Growth?
The growth of the smart portable rehabilitation devices market is anticipated to be spurred by the increasing elderly population. This population segment is made up of senior citizens and the elderly. These advanced portable rehab devices support the elderly in preserving their independence by offering the resources to self-monitor their health and partake in rehabilitation processes at their own rate. For example, in October 2022, the World Health Organization, a Switzerland-based intergovernmental organization, reported that the proportion of people aged 60 and over had risen to 1.4 billion in 2022. Moreover, it is projected that by 2050, the global population of individuals aged 60 and over will hit 2.1 billion. Consequently, the burgeoning elderly population is contributing to the expansion of the smart portable rehabilitation devices market.
What Are The Key Segments Within The Global Smart Portable Rehabilitation Devices Market?
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
Subsegments:
1) By Daily Living Aids: Smart Pill Dispensers, Smart Meal Preparation Devices, Smart Home Automation Devices, Assistive Communication Devices
2) By Mobility Equipment: Smart Wheelchairs, Smart Walkers, Smart Scooters, Smart Canes
3) By Exercise Equipment: Smart Resistance Bands, Smart Exercise Bikes, Smart Treadmills, Wearable Fitness Trackers
4) By Body Support Devices: Smart Back Supports, Smart Knee Braces, Smart Ankle Supports, Smart Posture Correctors
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Which Emerging Market Trends Are Altering The Smart Portable Rehabilitation Devices Industry?
Prominent organizations within the smart portable rehabilitation devices marketplace are creating strategic alliances to maintain a superior position in the industry. Essentially a cooperative agreement between two or more entities striving for common benefits, a strategic partnership can be seen in the collaboration between Manipal Hospitals, rooted in India's healthcare sector, and Singapore's digital service provider, ConnectedLife. Initiated in March 2022, this collaboration aims to utilize Fitbit's wearable technology in order to facilitate consistent patient care following major surgeries like knee replacement, angioplasty, and cardiac bypass. This virtual partnership enables patient monitoring and guidance throughout their post-operative healing period, remotely. Data pertaining to aspects like heart rate, oxygen levels, sleep patterns, steps, and pain measurements will be monitored and documented before and after the surgical procedures through Fitbit devices and the patient monitoring system. The gathered information will then be transferred onto the ConnectedLife platform for medical professionals to evaluate.
Who Are the Key Players In The Smart Portable Rehabilitation Devices Market?
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
What Are The Regional Insights Into The Smart Portable Rehabilitation Devices Market?
North America was the largest region in the smart portable rehabilitation devices market in 2024. The regions covered in the smart portable rehabilitation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
