The global rehabilitation equipment market size was valued at around USD 15.89 billion in 2021 and is projected to reach USD 24.71 billion by 2030, expanding at a CAGR of around 6.47% during the forecast period, 2022 – 2030. The growth of the market is attributed to the rising prevalence of chronic diseases and the growing geriatric population.
Rehabilitation equipment refers to external equipment, which is designed, created, and adapted to assist a patient to perform a particular task. Patients with various forms of disabilities depend upon or take the assistance of this equipment to carry out their daily activities. Rehabilitation equipment facilitates slowing down and minimizing any disabling effects of chronic diseases such as cancer, diabetes, and cardiovascular diseases. This equipment prepares patients with self-management strategies and assistive products that they require to manage pain or other health complications.
The COVID-19 pandemic situation affected moderately to the global rehabilitation equipment market. Hospitals, clinics, and rehabilitation center visits decreased, due to lockdowns, travel restrictions, and social distancing. Conversely, the demand for rehabilitation equipment for home care settings increased during the pandemic situation.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for rehabilitation therapies due to rising cases of non-communicable diseases drives the market.
- Rising prevalence of chronic diseases is expected to boost the market in the forecast years.
- Growing geriatric population spur the global rehabilitation equipment market.
- Increasing incidents of Parkinson’s disease and arthritis are anticipated to fuel the growth of the market in the coming years.
- Growing number of trauma patients drives the market.
- Increasing prevalence of musculoskeletal injuries in caregivers, due to manual handling of patients, is estimated to spur the market in the forecast period.
- Favorable reimbursement policies boost the market.
- Lack of awareness regarding rehabilitation equipment and services hamper the growth of the market.
- Limited access to rehabilitation equipment in remote areas hinder the growth of the market.
- Technological advancements are expected to offer lucrative growth opportunities to market players in the coming years.
Scope of the Report
The report on the global rehabilitation equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Rehabilitation Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2022–2030
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Segmentation
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Types (Exercise Equipment, Daily Living Aids, Body Support Devices, Mobility Equipment, and Others), Applications (Occupational Therapy, Physiotherapy, Physical Rehabilitation, Strength Training, and Others), and End-users (Rehabilitation Centers, Hospitals, Home Care, Physiotherapy Centers, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bioness Inc.; DeVilbiss Healthcare GmbH; EVOSONICS.CO., LTD.; Lusio Rehab; Invacare Corporation; Medline Industries, Inc.; Dynatronics Corporation; Ekso Bionics; GF HEALTH PRODUCTS, INC.; Caremax Rehabilitation Equipment Co., Ltd.; Hospital Equipment Mfg. Co.; Hill-Rom Services, Inc.; Arjo; Baxter; Caremax Rehabilitation Equipment Co. Ltd.; TecnoBody; proxomed Medizintechnik GmbH; LINET; Sunrise Medical LLC; and Others
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Market Segment Insights
Mobility equipment segment drives the market
In terms of types, the market is divided into exercise equipment, daily living aids, body support devices, mobility equipment, and others. The mobility equipment segment is expected to hold a large share in the market during the forecast period, due to increasing demand for mobility equipment such as crutches, canes, and walkers across the globe. These facilitate patients to improve and maintain their balance, increase activity, and reduce dependency. The growing geriatric population, which is highly prone to various diseases that require mobility assistance, is anticipated to expand the mobility equipment segment in the coming years.
Physical rehabilitation segment holds a key market share
Based on applications, the market is segregated into occupational therapy, physiotherapy, physical rehabilitation, strength training, and others. The physical rehabilitation segment was accounted for a large market share in 2021, and it is estimated to expand significantly during the forecast period. Increasing prevalence of diseases such as Alzheimer’s, cerebral palsy, and multiple sclerosis and several other injuries such as joint replacement, sports injury, chronic back pain, knee pain, and others drive the demand for physical rehabilitation, which boosts the market.
Hospitals segment expands rapidly
On the basis of end-users, the market is divided into rehabilitation centers, hospitals, home care, physiotherapy centers, and others. The hospital segment is expected to register a high CAGR during the forecast period, as slings, medical beds, hoists, toilet assistance devices, and others are commonly used rehabilitation equipment across hospitals. Increasing requirement of hospital-based treatments aids in the expansion of the hospitals segment in the coming years.
North America dominates the market
In terms of regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is estimated to hold a significant market share in the forecast period, owing to the increasing prevalence of chronic diseases and the rising number of Alzheimer’s, Parkinson’s, and arthritis cases in the region. Growing geriatric population and rising demand for rehabilitation therapies aid in the expansion of the market in North America. Increasing research activities regarding rehabilitation equipment in the region boost the market.
Segments
The global rehabilitation equipment market has been segmented on the basis of
Types
- Exercise Equipment
- Daily Living Aids
- Body Support Devices
- Mobility Equipment
- Others
Applications
- Occupational Therapy
- Physiotherapy
- Physical Rehabilitation
- Strength Training
- Others
End-users
- Rehabilitation Centers
- Hospitals
- Home Care
- Physiotherapy Centers
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- DeVilbiss Healthcare GmbH
- EVOSONICS.CO., LTD.
- Lusio Rehab
- Invacare Corporation
- Medline Industries, Inc.
- Dynatronics Corporation
- Ekso Bionics
- GF HEALTH PRODUCTS, INC.
- Caremax Rehabilitation Equipment Co., Ltd.
- Hospital Equipment Mfg. Co.
- Hill-Rom Services, Inc.
- Arjo
- Baxter
- Caremax Rehabilitation Equipment Co. Ltd.
- TecnoBody
- proxomed Medizintechnik GmbH
- LINET
- Sunrise Medical LLC
- Others
Competitive Landscape
The global rehabilitation equipment market is moderately competitive with the presence of key players such as Bioness Inc.; DeVilbiss Healthcare GmbH; EVOSONICS.CO., LTD.; Lusio Rehab; Invacare Corporation; Medline Industries, Inc.; Dynatronics Corporation; Ekso Bionics; GF HEALTH PRODUCTS, INC.; Caremax Rehabilitation Equipment Co., Ltd.; Hospital Equipment Mfg. Co.; Hill-Rom Services, Inc.; Arjo; Baxter; Caremax Rehabilitation Equipment Co. Ltd.; TecnoBody; proxomed Medizintechnik GmbH; LINET; Sunrise Medical LLC; and others. They use business strategies such as acquisitions, collaborations, mergers, partnerships, and product launches to strengthen their hold on the market. For example, in January 2022, EVOSONICS.CO., LTD., a sound vibration-based healthcare company, introduced its sleep tech devices, obesity management devices, and rehabilitation devices in CES tech event. In February 2022, Lusio Rehab, an assistive tech developer, launched LusioMATE, a wearable rehabilitation device, which motivates patients to engage in physical therapy they are taking. In October 2020, Bioness Inc. launched Bioness Integrated Therapy Systems (BITS) for rehabilitation centers, which facilitates the company to improve its portfolio and expand its customer base.