Unlocking Opportunities in the Smart Portable Rehabilitation Devices Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theSmart Portable Rehabilitation Devices Market?
The growth of the smart portable rehabilitation devices market is set to be driven by an increase in the geriatric population. This population sector comprises older or senior individuals. These advanced portable rehabilitation tools enable older people to retain their independence by allowing them to self-monitor their well-being and participate in rehab exercises at their own convenience. For example, the World Health Organization, an intergovernmental association based in Switzerland showed in October 2022 that the population aged 60 and above rose to 1.4 billion. Moreover, it is anticipated that this figure will reach 2.1 billion by 2050. The growth of the elderly population contributes prominently to the expansion of the smart portable rehabilitation devices market.
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How Has the Smart Portable Rehabilitation Devices Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The market for smart portable rehabilitation devices has been expanding quickly in recent years. Its value is predicted to increase from $2.88 billion in 2024 to $3.33 billion in 2025, with a compound annual growth rate (CAGR) of 15.6%. The historical growth can be credited to a rise in disability cases among the population, amplified use of virtual reality in patient treatment, and broader acceptance of VR technology in healthcare.
In the coming years, swift expansion is projected in the smart portable rehabilitation devices market. This market is forecasted to reach a value of $5.85 billion in 2029, with a compound annual growth rate (CAGR) of 15.2%. The expected growth during this period can be accredited to the swiftly aging population, escalating occurrence of non-communicable diseases, an increase in the number of policies favoring virtual rehabilitation, and a rising focus on patient-centric healthcare. Key trends foreseen in the forecast period involve product innovation, collaborative partnerships, advancements in virtual rehabilitation, the introduction of new technology and improved internet connectivity.
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What Key Market Trends and Innovations Are Shaping the Future of theSmart Portable Rehabilitation Devices Industry?
Leading firms in the smart portable rehabilitation devices sector are entering strategic collaborations to enhance their competitive stance in the market. A strategic alliance entails a cooperative arrangement between two or more entities to fulfill shared beneficial objectives. For instance, in March 2022, an alliance was formed between Manipal Hospitals, an Indian healthcare firm, and ConnectedLife, a Singaporean firm specializing in high-end digital solutions and services. The objective of this collaboration is to utilize Fitbit’s wearable technology to assure persistent care after high-risk surgeries, such as total knee replacement, angioplasty, and cardiac bypass surgery. This partnership enables remote supervision and direction for patients on their route to a healthy recovery following surgery. The Fitbit equipment, in conjunction with the patient monitoring platform, will gather and document patient information like heart rate, oxygen saturation level, sleep quality, steps, and pain rating before and after surgery. The collected data will be shared on the ConnectedLife platform for medical assessment.
Which Companies Are Leading the Charge in Expanding theSmart Portable Rehabilitation Devices Market Growth?
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
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How is the Global Smart Portable Rehabilitation Devices Market Segemented?
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 Geographics are Influencing the Growth of 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.
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