Women’s Health Rehabilitation Products Market is Projected to be Worth US$ 4.2 B

Posted by Rohini Chaudhari on July 9th, 2019

In the last few years, the incidence of chronic illnesses has considerably increased among women. Be it the change in lifestyle or the rising geriatric populations, experts project this prevalence to continue rising in the forthcoming years as well, thus making women health rehabilitation more imperative than ever. Medical rehabilitation is a highly monitored activity considered indispensable for assisting in the improvement overall health status after a prolonged illness. Demand for women rehabilitation has therefore substantially increased in the recent years. The increasing maternal deaths, especially in developing nations, rising injuries due to road accidents, and the increasing prevalence cardiovascular ailments causing death of women have compelled governments to focus more on women health and rehabilitation.

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Transparency Market Research (TMR) forecasts the global women health rehabilitation products market to reach US.2 bn by the end of 2024, from a valuation of US.6 bn in 2015. The market is therefore expected to rise at a CAGR of 5.0% between 2016 and 2024.

Rehabilitation has emerged as an important method of mitigating the burgeoning risk of chronic diseases among women.  These services are designed to improve the overall heart health, increase metabolism, expedite faster recovery, and improve hormonal profile among ailing women. Their demand has thus increased in response to the drastically changing lifestyle and dietary preferences. Integration of advanced technologies in existing rehabilitation products has further boosted prospects for their sales.

Earlier, acceptance of health rehabilitation services was a major issue across developed nations, which is now resolved with the rising awareness. However high product pricing still creates major bottlenecks for the sales of health rehabilitation products in emerging economies.

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North America, Trailed by Europe, Emerged Key Contributors in 2015

Regionally, North America emerged as the key contributor in the global health rehabilitation products market in 2015, trailed by Europe. The market in North America is expected to reach US.5 bn by the end of 2024, from US bn in 2015, rising at a CAGR of 4.9% during the period. High demand for women health rehabilitation products in both Europe and North America is attributed to the increasing number of road accidents in the last few years and the rising geriatric population. However, TMR projects Asia Pacific to exhibit the fastest CAGR due to the presence of untapped opportunities in the region. Besides this, Asia Pacific boasts a developing health care infrastructure and strong presence of skilled health care professionals, which is expected to drive demand for women health rehabilitation products in the region.

 

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Rohini Chaudhari

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Rohini Chaudhari
Joined: June 12th, 2019
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