According to the report, the global rehabilitation equipment market was valued at approximately USD 10.53 billion in 2017 and is expected to generate revenue of around USD 16.44 billion by 2024, growing at a CAGR of around 6.56% between 2018 and 2024.
New York, NY, Dec. 07, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Rehabilitation Equipment Market by Type (Daily Living Aids, Mobility Equipment, Exercise Equipment, and Body Support Devices), by Application (Physiotherapy and Occupational Therapy), and by End-User (Hospitals & Clinics, Rehabilitation Centers, Home Care Settings, and Rehabilitation Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the global rehabilitation equipment market was valued at approximately USD 10.53 billion in 2017 and is expected to generate revenue of around USD 16.44 billion by 2024, growing at a CAGR of around 6.56% between 2018 and 2024.
Rehabilitation equipment is used to treat patients suffering from physical, sensory, or mental impairments. These impairments are generally caused due to illness, injuries, or diseases. Rehabilitation includes assisting patients for the deficits that cannot be reversed back medically. These sessions are generally carried out by experienced and trained therapists.
Browse through 122 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Rehabilitation Equipment Market Size 2017 Report: Industry Type, Share, Market Trends, Analysis, and Forecast, 2024”.
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Rehabilitation equipment market is segmented based on type, application, and end-user. By type, the rehabilitation equipment market is classified into daily living aids, mobility equipment, exercise equipment, and body support devices. The daily living aids segment is further sub-segmented into toilet and bathroom assist devices, medical beds, and writing, computing, and reading aids. The mobility equipment segment includes walking assist devices and scooters and wheelchairs. The exercise equipment segment is further divided into total body, lower body, and upper body exercise equipment. The body support devices segment includes medical lifting slings and patient slings. In 2016, the mobile equipment segment held around 37% share of the rehabilitation equipment market. Growing geriatric population and accidents causing walking impairments are mainly driving the mobility equipment segment of the rehabilitation equipment market.
By application, the rehabilitation equipment market is segmented into physiotherapy and occupational therapy. The physiotherapy segment is anticipated to show high growth, owing to the rise in the number of physiotherapy centers. Additionally, the growing geriatric population suffering from orthopedic problems, rising bone-related disorders, and rapid technological advancements related to physiotherapy are anticipated to fuel the physiotherapy segment in the forecast timeframe.
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The end-user segment includes hospitals and clinics, rehabilitation centers, home care settings, and physiotherapy centers. In 2016, the hospitals and clinics segment held approximately 33% share and is expected to lead the rehabilitation equipment market, owing to high treatment quality, the presence of technologically advanced products, and the presence of a large patient pool.
Europe is anticipated to lead the rehabilitation equipment market in the forecast time period. According to Eurostat, in 2016, about 19.2% of the European population was aged above 65. The presence of such a large geriatric population is anticipated to drive the rehabilitation equipment market in this region. Moreover, the presence of several market players involved in the production of rehabilitation equipment, rapidly developing healthcare industry, growing awareness about rehabilitation centers, and supportive government initiatives related to safe handling of patients are some factors projected to stimulate the expansion of the European rehabilitation equipment market. However, rapid changes in the regulatory scenario are projected to hinder this regional market growth.
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The North American rehabilitation equipment market is anticipated to exhibit rapid growth in the upcoming years. According to Verywell Health, annually, one out of seven persons in America suffers from orthopedic impairments. The prevalence of orthopedic disorders among the American population is anticipated to drive the rehabilitation equipment market. Growing occurrences of lifestyle disorders, beneficial reimbursement policies by the government, the presence of major companies, and large-scale awareness about healthcare among the population is likely to drive the North American rehabilitation equipment market. Additionally, strict regulations mandated by the government for the use of equipment are also fuelling the demand for rehabilitation equipment in the region.
In the forecast period, the Asia Pacific rehabilitation equipment market is likely to show rapid growth, owing to growing demand for rehabilitation equipment across the region. Improving reimbursement policies, the presence of developing countries, such as India and China, rising prevalence of non-communicable diseases, such as cancer, rapid adoption of new technologies, and a large patient pool are driving the rehabilitation equipment market in the Asia Pacific region. Additionally, growing awareness about rehabilitation and physiotherapy centers among the people is also fuelling this regional market for rehabilitation equipment.
Browse the full “Rehabilitation Equipment Market by Type (Daily Living Aids, Mobility Equipment, Exercise Equipment, and Body Support Devices), by Application (Physiotherapy and Occupational Therapy), and by End-User (Hospitals & Clinics, Rehabilitation Centers, Home Care Settings, and Rehabilitation Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024” report at https://www.zionmarketresearch.com/report/rehabilitation-equipment-market
The Latin American market is projected to show fast growth in the forecast time period as compared to the Middle Eastern and African rehabilitation equipment market. Developing healthcare infrastructure, increasing awareness about rehabilitation equipment, growing government schemes promoting the use of rehabilitation equipment, and rising incidences of orthopedic disorders are anticipated to drive the rehabilitation equipment market expansion in the Middle East and Africa and Latin America.
The major players involved in the global rehabilitation equipment market are Caremax Rehabilitation Equipment Co. Ltd., Changzhou QianJing Rehabilitation Co., Ltd., Hospital Equipment Manufacturing Company, Drive DeVilbiss Healthcare, Medline Industries Inc., Roma Medical, GF Health Products, Inc., Dynatronics Corporation, Carex Health Brands, and Invacare Corporation.
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This report segments the global rehabilitation equipment market as follows:
Global Rehabilitation Equipment Market: Type Segment Analysis
- Daily Living Aids
- Medical Beds
- Bathroom & Toilet Assist Devices
- Reading, Writing & Computing
- Mobility Equipment
- Wheelchairs & Scooters
- Walking Assist Devices
- Exercise Equipment
- Lower Body Exercise Equipment
- Upper Body Exercise Equipment
- Total Body Exercise Equipment
- Body Support Devices
- Patients Lifts
- Medical Lifting Slings
Global Rehabilitation Equipment Market: Application Segment Analysis
- Occupational Therapy
Global Rehabilitation Equipment Market: End-User Segment Analysis
- Hospitals& Clinics
- Rehabilitation Centers
- Home Care Settings
- Physiotherapy Centers
Global Rehabilitation Equipment Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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