Smart Portable Rehabilitation Devices Global Market Report 2024

The smart portable rehabilitation devices market size has grown rapidly in recent years. It will grow from $2.49 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to an increase in the number of disability cases among the population, a growing use of virtual reality in treating patients, and an increasing adoption of VR technology in healthcare.

The smart portable rehabilitation devices market size is expected to see rapid growth in the next few years. It will grow to $5.08 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The forecasted growth can be attributed to several factors, including the rapid aging of the population, the increasing prevalence of non-communicable diseases, the implementation of various policies supporting virtual rehabilitation, and a growing emphasis on patient-centric healthcare. Major trends expected in this period include product innovations, partnerships between key industry players, advancements in virtual rehabilitation technologies, the integration of newer technologies, and the improvement of internet connections to support these services.

The growth of the smart portable rehabilitation devices market is expected to be fueled by the increasing geriatric population. This demographic, consisting of elderly individuals or senior citizens, benefits from smart portable rehabilitation devices as they aid in maintaining independence and autonomy. These devices enable the elderly to monitor their health and engage in rehabilitation activities at their convenience. For example, according to the World Health Organization, the global population aged 60 years and over reached 1.4 billion in 2022 and is projected to reach 2.1 billion by 2050. This demographic shift towards an aging population is a key driver behind the increasing demand for smart portable rehabilitation devices.

Major companies in the smart portable rehabilitation devices market are forming strategic partnerships to gain a competitive edge. A strategic partnership is a collaborative agreement between two or more organizations to achieve mutually beneficial goals. For example, in March 2022, Manipal Hospitals partnered with ConnectedLife to use Fitbit wearable technology for post-high-risk surgery care, such as total knee replacement, angioplasty, and cardiac bypass surgery. This partnership allows for remote monitoring and guidance of patients in their post-surgery recovery, with Fitbit devices recording data such as heart rate, oxygen saturation level, sleep quality, steps, and pain score. The data is shared on the ConnectedLife platform for doctors to assess, enabling continuity of care and improved patient outcomes.

In December 2022, DIH Technology, a China-based global provider of robotic rehabilitation devices for physical and occupational therapy, merged with Aurora Technology Acquisition Corp., a US-based publicly traded special-purpose acquisition company, for an undisclosed amount. This merger allows for the integration of advanced technologies such as robotics, augmented reality, virtual reality, and AI into rehabilitation devices, enabling more personalized and effective treatment plans.

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.

North America was the largest region in the smart portable rehabilitation devices market in 2023. 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. The countries covered in the smart portable rehabilitation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Smart portable rehabilitation devices are compact, wearable, and portable gadgets that utilize sensory information and computer control to aid individuals with physical and cognitive disabilities. These devices are user-friendly and can be easily transported by patients, enabling them to use them at home and potentially reducing the need for expensive visits to specialized facilities.

The primary types of smart portable rehabilitation devices include daily living aids, mobility equipment, exercise equipment, and body support devices. Mobility equipment encompasses a range of assistive devices aimed at improving the mobility and independence of individuals facing disabilities, injuries, or other mobility limitations. These devices fall under two main categories, passive rehabilitation and active-assistive rehabilitation, commonly utilized in hospitals, clinics, rehabilitation centers, physiotherapy centers, and other healthcare facilities.

The smart portable rehabilitation devices market research report is one of a series of new reports that provides mart portable rehabilitation devices market statistics, including smart portable rehabilitation devices industry global market size, regional shares, competitors with a smart portable rehabilitation devices market share, detailed smart portable rehabilitation devices market segments, market trends, and opportunities, and any further data you may need to thrive in the smart portable rehabilitation devices industry. This smart portable rehabilitation devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart portable rehabilitation devices market consists of sales of smart wearables, smart clothing, motion capture systems, and wearable activity trackers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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