World Home Rehabilitation Products and Services Market Analysis and Forecasts 2020-2027: Impact of COVID-19 and a Looming Global Recession
Dublin, Oct. 21, 2020 (GLOBE NEWSWIRE) -- The "Home Rehabilitation Products and Services - Global Market Trajectory & Analytics" report has been added to *ResearchAndMarkets.com's* offering.
Amid the COVID-19 crisis, the global market for Home Rehabilitation Products and Services estimated at US$99.6 Billion in the year 2020, is projected to reach a revised size of US$146.8 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Positioning Devices, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$26.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Body Support Devices segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 26.9% share of the global Home Rehabilitation Products and Services market.
*The U. S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 8.9% CAGR for the Period of 2020-2027*
The Home Rehabilitation Products and Services market in the U. S. is estimated at US$28.8 Billion in the year 2020. The country currently accounts for a 28.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$26.7 Billion in the year 2027 trailing a CAGR of 8.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$26.7 Billion by the year 2027.
*General Aids Segment Corners a 21.9% Share in 2020*
In the global General Aids segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$16.5 Billion in the year 2020 will reach a projected size of US$22.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$20.1 Billion by the year 2027, while Latin America will expand at a 6.3% CAGR through the analysis period. This report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
*Competitors identified in this market include, among others:*
· Active Medical & Rehabilitation Services
· AliMed, Inc.
· DJO Global, Inc.
· Ekso Bionics Europe GmbH
· ergoline GmbH
· Hocoma AG
· Invacare Corporation
· Medline Industries, Inc.
· Performance Health International Limited
· Prism Medical Ltd.
· Stryker Corporation
*Key Topics Covered:*
* I. INTRODUCTION, METHODOLOGY & REPORT SCOPE*
*II. EXECUTIVE SUMMARY*
*1. MARKET OVERVIEW*
· Impact of Covid-19 and a Looming Global Recession
· Global Competitor Market Shares
· Home Rehabilitation Products and Services Competitor Market Share Scenario Worldwide (in %): 2018E
*2. FOCUS ON SELECT PLAYERS*
*3. MARKET TRENDS & DRIVERS*
*4. GLOBAL MARKET PERSPECTIVE*
*III. MARKET ANALYSIS*
*IV. COMPETITION*
For more information about this report visit https://www.researchandmarkets.com/r/ulerx7
*About ResearchAndMarkets.com*
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