The Global Women Health Rehabilitation Products Market to reach US$4.2 Billion by the end of 2024, from a valuation of US$2.6 Billion in 2015
Albany, NY -- (SBWIRE) -- 12/16/2016 -- 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$1.5 bn by the end of 2024, from US$1 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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By product type, orthopedic, pelvic pain product, urinary incontinence, pregnancy and postpartum, lymphedema, breast cancer, and osteoporosis constitute the major segments in the global women health rehabilitation products market. Of these, urinary incontinence held the dominant share in the market in 2015. It is also projected to maintain its lead through the forecast period. Increasing urinary incontinence among aged women is expected to keep demand from this segment high in the forthcoming years. The segment is expected to report a CAGR of 5.4% during the forecast period.
The latest advancements in the healthcare sector have put rehabilitation as an indispensable medium of mitigating the surging risk of chronic diseases among women. Health rehabilitation services for women are thus designed to expedite faster recovery in them post prolonged illnesses. While developing countries earlier exhibited low acceptance for health rehabilitation, the rising awareness about the benefits it offers is expected to augur well for the market in the long run. Despite the positive growth prospects, high product pricing could hamper the market's growth across emerging regions to an extent. Nevertheless, with the increasing investment in health care, the future prospects for the market seem lucrative.
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Some of the leading players operating in the global women health rehabilitation products market include Access Health (Victoria, Australia), Carib Rehab Ltd. (St. Michael, Barbados), GE Healthcare (Chalfont St. Giles, U.K.), GPC Medical Ltd.( New Delhi, India), Pelvic Health and Rehabilitation (San Francisco, U.S.), Rehab Plus (Timmins, Canada), Meyer Physical Therapy (New York, U.S.), Sportstek (Oakleigh, Australia), Vandana Surgical Cotton Ind. (Ajmer, India), and Win Health Medical Ltd. (Jedburgh, U.K.)