According to the study published in scientific journal PLOS Medicine, conservative slings can cure a broken, fractured, and/or bruised shoulder as effectively as a surgery would do. Moreover, these slings are light weighted and are well under budget which makes them extremely pocket friendly for the patients. Based on such benefits, the slings and various other products that can help women who are into rehabilitation or are recovering from an intensive surgery. Looking at the popularity of these products designed specifically for women, Transparency Market Research has published a report of global women’s health rehabilitation products market for the forecast period of 2016 to 2024.
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The report offers 360 degree analysis of the global women’s health rehabilitation products market covering various segments such as novel developments, market opportunities, and key drivers. It also provides essential insights to the readers that can help them in better decision making and achieve a sustainable future in the market.
Rising Number of Accidents Taking Toll on Women
As per the data collected by the research conducted by WHO, female suffers more than 3 times than a male involved in the accident. This means women faces major and various injuries in the accident and some of them are even fatal. For the lucky one who survives the accident, recovery is filled with excruciating pain and agony.
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Looking at the rate at which females are getting affected by the accidents governments are establishing various numerous rehabilitation centers dedicated solely to women. These centers use products that are specifically designed for the female patients. Owing to these rehab centers and dedicated products for women, the global women’s health rehabilitation products market is expected to grow substantially in coming years.
No Prominent Leader Yet Competitive Landscape
There’s no prominent leader business that dominates the global women’s health rehabilitation products market, rather, there are multiple players that dominates the landscape of the market. This absence of a prominent business in the market makes it highly fragmented in nature. According to the report by Transparency Market Research, the market has tough competitive vendor landscape.
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To withstand this landscape, the players are focusing on research and developments keeping innovation and cost-effectiveness in mind. As a result of these research and development activities, the businesses are looking forward to capture major customer base improving their profit margin. Moreover, acquisition is another tool that players are using to gain an edge over their rivals.
Impact of Chronic Cardiovascular Diseases
Analyzing the growing prevalence of various chronic cardiovascular diseases among women, the analysts at Transparency Market Research predicts that global women’s health rehabilitation products market shall witness a consistent 5.0% CAGR. This growth rate of the market is determined by the analyzing the revenue generation during the forecast period of 2016 to 2024. According to the report, the market shall reach to the value of US$ 4.2 bn by the end of 2024 rising from US$ 2.6 bn in 2015.
This revenue generation depends upon the post-surgery rehabilitation of female patients especially in case of cardiovascular diseases. Since recovery requires intense rest and restricted body movement to allow the heart to regain its full potential, rehabilitation products for women are in high demand. This is the key factor that fuels the growth of global women’s health rehabilitation products market in the forecast period of 2016 to 2024.
North America and Europe Compete for Domination
From a geographical point-of-view, both North America and Europe are competing with each other to gain the top position in regional segment of the global women’s health rehabilitation products market. Currently, Europe trails North America in terms of revenue generation, however, the region leads every other region in global women’s health rehabilitation products market when it comes to technological advancements in the market. At present, both the regions collectively a major share of total growth of global women’s health rehabilitation products market during the forecast period of 2016 to 2024.
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This release was published on openPR.