The Global Rehabilitation Equipment Market is projected to reach USD 19.8 billion by 2027 from USD 14.9 billion in 2022, at a CAGR of 5.9% during the forecast period. The growth of this market is primarily driven by the increasing prevalence of chronic diseases such as arthritis and cancer, requiring rehabilitation therapies, high risk of injuries to caregivers during the manual handling of patients, rising geriatric and obese populations, and increasing demand for rehabilitation therapies owing to increasing access to healthcare. However, reimbursement issues and persistent difficulties in handling bariatric patients are some of the key challenges in the market.
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Mobility Equipment Industry Dynamics
Market Growth Drivers
- Increasing incidence of chronic diseases
- Increasing demand for rehabilitation care with expanding access to healthcare
- Rising geriatric and obese population
Market Growth Opportunities
- Growth potential in emerging countries
- Rising demand for home healthcare services
Market Challenges
- Reimbursement issues
- Persistent difficulties in handling bariatric patients
Industry Trends
- Growing focus on organic growth strategies
- Integration of IOT in rehabilitation equipment
Global Rehabilitation Equipment Market Segmentation:
By Product
- Rehabilitation Equipment Market, By Pype
- Therapy Equipment
- Daily Living Aids
- Mobility Equipment
- Exercise Equipment
- Body Support Devices
By Application
- Physical Rehabilitation & Training
- Stregth, Endurance, and Pain Reduction
- Occupational Rehabilitation & Training
By End User
- Hospitals & Clinics
- Rehabilitation Centers
- Home-care settings
- Physiotherapy Centers
- Other End Users
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“Europe to witness the highest growth rate during the forecast period.”
Europe accounted for the largest share of the global rehabilitation equipment market. The large share of this regional segment is attributed to a significant contribution from an economically stable and technologically advanced countries such as Germany, UK, and France. Increasing geriatric population and rising prevalence of musculoskeletal disorders across these countries are driving the market growth in Europe. The Asia Pacific market is projected to register the highest CAGR during the forecast period. Market growth in the Asia Pacific is attributed to the rising healthcare expenditure and growing number of healthcare facilities in Asian countries.
Recent Developments
- In May 2022, Etac AB (Sweden) announced the launch of R82 Crocodile (size 0), the smallest walking aid by the company.
- In March 2022, Medline Industries, LP (US) announced a USD 725 million prime vendor partnership with Mount Sinai Health System (US), to enhance their supply chain strategy and improve patient outcomes.
- In March 2022, Prism Medical (UK) announced a partnership with IoT Solution Group (UK), to enable Prism Medical to advance its existing product portfolio and expand into the smart healthcare market.
- In February 2022, Invacare announced the launch of its next-generation e-fix eco Power Assist Device to upgrade its manual wheelchairs.
Key Market Players:
Baxter International (US), Invacare Corporation (US), Medline Industries, LP (US), Arjo (Sweden), Colfax Corp. (US), Dynatronics Corp. (US), Handicare Group AB (Sweden), Drive DeVilbiss International (Germany), Etac AB (Sweden), GF Health Products Inc. (US), Joerns Healthcare LLC (US), Prism Medical UK Ltd. (UK), Guldmann (Denmark)
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 22)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 CURRENCY
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 26)
2.1 RESEARCH APPROACH
2.2 MARKET SIZE ESTIMATION
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 MARKET RANKING ANALYSIS
2.5 ASSUMPTIONS FOR THE STUDY
2.6 LIMITATIONS
2.6.1 METHODOLOGY-RELATED LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY (Page No. - 37)
FIGURE 10 REHABILITATION EQUIPMENT MARKET, BY PRODUCT, 2022 VS. 2027 (USD MILLION)
FIGURE 11 GLOBAL MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
FIGURE 12 GLOBAL MARKET, BY END USER (2020–2025)
FIGURE 13 GEOGRAPHICAL SNAPSHOT OF THE GLOBAL MARKET
4 PREMIUM INSIGHTS (Page No. - 41)
4.1 REHABILITATION EQUIPMENT MARKET OVERVIEW
4.2 ASIA PACIFIC: MARKET, BY PRODUCT AND COUNTRY (2020)
4.3 GLOBAL MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
4.4 REGIONAL MIX: GLOBAL MARKET (2021−2026)
4.5 GLOBAL MARKET: DEVELOPING VS. DEVELOPED MARKETS
5 MARKET OVERVIEW (Page No. - 45)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.3 MARKET DRIVERS
5.4 OPPORTUNITIES
5.5 CHALLENGES
6 INDUSTRY TRENDS (Page No. - 51)
6.1 INDUSTRY TRENDS
6.2 REGULATORY ANALYSIS
6.3 ECOSYSTEM ANALYSIS
7 REHABILITATION EQUIPMENT MARKET, BY PRODUCT (Page No. - 59)
7.1 INTRODUCTION
7.2 THERAPY EQUIPMENT
7.3 DAILY LIVING AIDS
7.4 MOBILITY EQUIPMENT
7.5 EXERCISE EQUIPMENT
8 REHABILITATION EQUIPMENT MARKET, BY APPLICATION (Page No. - 84)
8.1 INTRODUCTION
8.2 PHYSICAL REHABILITATION & TRAINING
8.3 STRENGTH, ENDURANCE, AND PAIN REDUCTION
8.4 OCCUPATIONAL REHABILITATION & TRAINING
9 REHABILITATION EQUIPMENT MARKET, BY END USER (Page No. - 89)
9.1 INTRODUCTION
9.2 HOSPITALS & CLINICS
9.3 REHABILITATION CENTERS
9.4 HOME CARE SETTINGS
9.5 PHYSIOTHERAPY CENTERS
9.6 OTHER END USERS
10 REHABILITATION EQUIPMENT MARKET, BY REGION (Page No. - 96)
12 COMPANY PROFILES (Page No. - 170)
12.1 KEY PLAYERS
13 APPENDIX (Page No. - 249)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
Report Link: ( Rehabilitation Equipment Market )
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