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.
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The market intelligence report is a comprehensive review of the growth trail in terms of current, historical, and future scenarios of the global therapeutic homecare devices market. It 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.
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Global Therapeutic Homecare Devices Market: Trends and Prospects
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.
Global Therapeutic Homecare Devices Market: Regional Outlook
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.
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Global Therapeutic Homecare Devices Market: Vendor Landscape
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.
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