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  • Published On : Aug 2022
  • Code : CMI5156
  • Industry : Medical Devices
  • Pages : 172
  • Formats :

Rehabilitation is defined as a set of interventions designed to optimize functioning and reduce disability in people with health conditions in interaction with their environment. Rehabilitation is care that can help people get back, keep, or improve abilities (such as mental, physical, and/or cognitive, which they may have lost due to an injury and/or disease, or as a side effect from a medical treatment) that they need for daily life. Rehabilitation equipment are used to facilitate the process of recovery from an injury, disease, or illness to a normal condition by therapy and counselling. These equipment help people return to daily life and live a normal life. Thus, there is an increasing demand for rehabilitation equipment worldwide.

Market Statistics:

The global rehabilitation equipment market was valued at US$ 12,541.0 Mn in 2021 and is forecast to reach a value of US$ 18,950.6 Mn by 2028 at a CAGR of 6.1% between 2022 and 2028.

North America held dominant position in the global rehabilitation equipment market in 2020, accounting for 34.1% share in terms of volume, followed by Europe and Asia Pacific, respectively.

Figure 1. Global Rehabilitation Equipment Market Share (%), by Region, 2022

Rehabilitation Equipment  | Coherent Market Insights

Recent Developments:

In November 2020, Invacare Corporation launched AVIVA FX - MPS Maxx Multi-Position Power Standing System wheelchair, available through Motion Concepts, a division of Invacare.

In March 2020, Allied Motion Technologies Inc. acquired Dynamic Controls Group, a wholly owned subsidiary of Invacare Corporation, a designer and manufacturer of equipment for the medical mobility and rehabilitation markets.

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Rehabilitation Equipment Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 12,541.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2028
Forecast Period 2022 to 2028 CAGR: 6.1% 2028 Value Projection: US$ 18,950.6 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Daily Living Aids, Exercise Equipment, Body Support Devices, and Mobility Equipment
  • By Application: Physiotherapy, Occupational Therapy, and Others
  • By End-User: Hospitals, Rehab Centers, and Others
Companies covered:

Roma Medical Aids Ltd., Hill-Rom Services Inc., GF HEALTH PRODUCTS, Dynatronics Corporation, Medline Industries, Inc., Ekso Bionics, Invacare Corporation, Drive DeVilbiss Healthcare, Hospital Equipment Mfg. Co., and Caremax Rehabilitation Equipment Co. Ltd.

Growth Drivers:
  • Growing incidences of musculoskeletal disorders
  • Increasing demand for rehabilitation care
Restraints & Challenges:
  • Lack of awareness and access to rehabilitation services
  • Unfavourable reimbursements

Market Drivers:

  1. Growing incidences of musculoskeletal and noncommunicable diseases is expected to propel growth of the global rehabilitation equipment market during the forecast period. For instance, the need for rehabilitation worldwide is predicted to increase due to changes in the health and characteristics of the population. According to the World Health Organization (WHO), around 2.4 billion people around the world are currently living with the health condition that benefits from rehabilitation. This in turn is expected to increase demand for rehabilitation equipment, rehabilitation is an essence of health care in preserving the remnant activities of people living with musculoskeletal and noncommunicable diseases.
  2. Increasing demand for rehabilitation care worldwide is expected to boost the growth of the global rehabilitation equipment market over the forecast period. Rehabilitation can reduce the impact of a broad range of health conditions and also complement other health interventions (such as medical and surgical interventions), helping to achieve the best outcome possible. For instance, in February 2021, Rehabs Near Me announced the launch of a 24*7 service to assist people in the United States looking for rehab centres. A 24*7 service is launched to provide a broad range of rehab services to people in the U.S.

Figure 2. Global Rehabilitation Equipment Market Share (%), by Product Type, 2022

Rehabilitation Equipment  | Coherent Market Insights

Market Restraints:

  1. Lack of awareness and access to rehabilitation services is expected to hinder growth of the global rehabilitation equipment market. For instance, lack of awareness among people and lack of accessibility pose a negative impact on the growth of the market. For instance, although the demand for rehabilitation services is growing across the globe, access to rehabilitation is based more on eligibility than demand alone.
  2. Unfavourable reimbursements is expected to hamper the growth of the global rehabilitation equipment market. For instance, though rehabilitation programs significantly reduce mortality & morbidity and improve work & quality of life for people with chronic diseases, rehabilitation programs are under-utilised. This in turn also pose a negative impact on the market growth.

Market Opportunities:

  1. High demand for rehabilitation equipment is expected to offer lucrative growth opportunities for players in the global rehabilitation equipment market. For instance, February 2021, Fujitsu announced the launch of AI-powered physical rehabilitation solution in Japan, the ‘FUJITSU Healthcare Solution HOPE ROMREC’, offering medical institutions like hospitals and clinics a powerful new tool for rehabilitation and orthopedic therapies. The solution leverages a new AI technology to automatically measure the range of motion of the shoulder and elbow joints from videos of patients' rehabilitation sessions.
  2. Rising awareness initiatives regarding rehabilitation therapies is expected to offer lucrative growth opportunities for players in the global rehabilitation equipment market. For instance, in November 2021, Philips Foundation, with its mission to provide access to the quality healthcare for disadvantaged communities through innovation, and social service agency Singapore Heart Foundation announced a partnership to address the lack of patient participation in rehabilitation programs and adherence to medication.

Market Trends/Key Takeaways:

  1. Rising prevalence of chronic diseases is expected to drive growth of the global rehabilitation equipment market. For instance, according to the WHO, rehabilitation helps minimize or slow down the disabling effects of chronic health conditions, such as cardiovascular disease, cancer, and diabetes by equipping people with self-management strategies and the assistive products they require, or by addressing pain or other complications.
  2. Growing geriatric population around the world is expected to augment growth of the global rehabilitation equipment market. For instance, the risk of being affected by the chronic disease is increasing dramatically in the United States due to the rising geriatric population, as per the National Institute of Environmental Health Sciences.

Competitive Landscape:

  1. Medline Industries, Inc
  2. Drive DeVilbiss Healthcare
  3. Invacare Corporation
  4. Ekso Bionics
  5. Dynatronics Corporation
  6. GF HEALTH PRODUCTS
  7. Caremax Rehabilitation Equipment Co. Ltd
  8. Hill-Rom Services Inc
  9. Hospital Equipment Mfg. Co.
  10. Roma Medical Aids Ltd.

Rehabilitation is a process of helping people achieve highest level of function, independence, and quality of life possible. The ultimate aim of rehabilitation is to provide the individual with opportunities for full and effective participation and inclusion in society, including studying, working and access to all services on the same basis as other citizens. Rehabilitation can reduce the impact of a broad range of health conditions, including diseases (acute or chronic), illnesses or injuries. Rehabilitation can also complement other health interventions, such as surgical and medical interventions, which help achieve the best outcome possible. The process brings about improvements to function and environment for the disabled person. In short, rehabilitation thus maximises people's ability to live, work and learn to their best potential.

Market Dynamics:

Increase in global disease burden, growing geriatric population, high demand for rehabilitation care or services, favorable government initiatives, and introduction of novel products are some major factors expected to augment growth of the global rehabilitation equipment market over the forecast period. Rehabilitation helps minimize or slow down the disabling effects of chronic health conditions, by equipping people with self-management strategies and assistive products they require or by addressing pain or other complications.

In February 2021, Fujitsu announced the launch of a new AI-powered physical rehabilitation solution, named FUJITSU Healthcare Solution HOPE ROMREC in Japan, to offer hospitals & clinics and rehab centers a powerful new tool for rehabilitation and orthopedic therapies. The solution will help medical professionals evaluate the effectiveness of physical and occupational therapies and determine the degree of their patients’ conditions.

Key features of the study:

  • This report provides in-depth analysis of the global rehabilitation equipment market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022–2028), considering 2021 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global rehabilitation equipment market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Roma Medical Aids Ltd., Hill-Rom Services Inc., Dynatronics Corporation, Medline Industries, Inc., Ekso Bionics, Invacare Corporation, Drive DeVilbiss Healthcare, Hospital Equipment Mfg. Co., GF health products, and Caremax Rehabilitation Equipment Co. Ltd., among others.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global rehabilitation equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global rehabilitation equipment market.

Detailed Segmentation:

  • Global Rehabilitation Equipment Market, By Product Type:
    • Daily Living Aids
    • Exercise Equipment
    • Body Support Devices
    • Mobility Equipment
  • Global Rehabilitation Equipment Market, By Application:
    • Physiotherapy
    • Occupational Therapy
    • Others
  • Global Rehabilitation Equipment Market, By End-User:
    • Hospitals
    • Rehab Centers
    • Others
  • Global Rehabilitation Equipment Market, By Geography:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa

Frequently Asked Questions

The global rehabilitation equipment market size is estimated to be valued at US$ 13,293.4 Million in 2022 and is expected to exhibit a CAGR of 6.1% between 2022 and 2028.
Growing incidences of musculoskeletal disorders and increasing demand for rehabilitation care are fueling the growth of the market.
Exercise Equipment segment is the leading product type segment in the market.
Lack of awareness and access to rehabilitation services and unfavourable reimbursements are the major factors restraining growth of the market.
Major players operating in the market are Roma Medical Aids Ltd., Hill-Rom Services Inc., GF HEALTH PRODUCTS, Dynatronics Corporation, Medline Industries, Inc., Ekso Bionics, Invacare Corporation, Drive DeVilbiss Healthcare, Hospital Equipment Mfg. Co., and Caremax Rehabilitation Equipment Co. Ltd., among others.

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