USD 15.12 Billion
Rehabilitation Equipment Market Size, Share, Growth Analysis, By Application(Physical rehabilitation & training, Strength, Endurance and Pain Reduction, Occupational Rehabilitation & Training), By End-use(Hospitals & Clinics, Rehab Centers, Home Care Settings, and Physiotherapy Centers), By Product(Therapy Equipment, Daily Living Aids (medical beds & related products; bathroom and toilet assist devices; reading, writing and computing aids), Mobility Equipment {wheelchairs & scooters (powered wheelchairs), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2417 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
75
Rehabilitation Equipment Market Insights
Global Rehabilitation Equipment Market size was valued at USD 15.12 Billion in 2022 and is poised to grow from USD 16.04 Billion in 2023 to USD 25.76 Billion by 2031, at a CAGR of 6.1% during the forecast period (2024-2031).
The rehabilitation equipment market is comprised of an array of devices and tools intended to help individuals recover, get better, or maintain their physical conditions post-injury, surgery, illness, or occurrence of chronic conditions. Increased occurrence of musculoskeletal disorders such as osteoarthritis, osteoporosis, and others have raised the demand for rehabilitation equipment to help people restore mobility and continue to be active to enhance their standard of living. Moreover, the aging global populace that suffers from such debilities is another factor powering the requirement of rehabilitation equipment. There are several devices in this segment, such as mobility aids, exercise equipment, and therapy devices, that can be used by those in recovery, including those with chronic conditions to better their living conditions. The main driver for the market is the rising demand for effective solutions to facilitate efficient rehabilitation of disabilities and chronic conditions in an aging population. Favorable reimbursement rules in leading markets such as the U.S. are likely to be a top sales trigger for manufacturers as well. According to Medicare, users can use types of care equipment to help them recover and use equipment. Especially considering the durable medical equipment in question, they are wheelchairs, special beds, lifting cushions, carrying beams, elderly walkers, crutches, canes, commode chairs and all such equipment.
US Rehabilitation Equipment Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Physiotherapy
Fastest Growth
Occupational Therapy
Growth Rate
6.10% CAGR
Global Rehabilitation Equipment Market ($ Bn)
Country Share for North America Region (%)
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Rehabilitation Equipment Market Segmental Analysis
The global rehabilitation equipment market is segmented on the basis of application, end-use, product and region. In terms of application, the market is segmented into Physical rehabilitation & training; strength, endurance and pain reduction; occupational rehabilitation & training. With respect to end-use, the market is segmented into hospitals & clinics, rehab centers, home care settings, and physiotherapy centers. The product is further bifurcated in therapy equipment, daily living aids, mobility equipment, exercise equipment, body support devices. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
The occupational therapy segment accounted for the leading share of the market revenues in 2023. This trend is attributed to several driving forces, namely, the expanding adoption due to the growing awareness regarding the ability of occupational therapy to improve the level of functional independence and overall quality of life of people with disabilities or those who had some injuries. Moreover, as the World Health Organization estimates, in 2023, as many as 2.4 billion people are diagnosed with some medical conditions that require rehabilitation. Furthermore, the advances in rehabilitation equipment, as well as the emergence of new adaptive devices and assistive technologies, are among the factors contributing to market expansion.
The physiotherapy segment is expected to be the fastest-growing segment over the forecast period, mainly due to the growing number of physiotherapy centers around the world. Increasing awareness of the significance of this type of rehabilitation for musculoskeletal and neurological disorders and post-surgical recovery facilitates the market’s development. Moreover, technological advancements in rehabilitation equipment such as sophisticated therapeutic modalities and robots for assisted walking are supporting the demand for such products. Attraction of the market is facilitated by favorable reimbursement policies in main countries and healthcare expenditures. In addition, the aging population in many markets and a wide range of chronic diseases fuel demand to increase the number of physiotherapy services, which ensures that the market will continue to develop.
Analysis by End-User
Hospitals & clinics segment held the largest revenue share in 2023, attributable to the increasing number of healthcare facilities, globally. The growing emphasis on hospital infrastructural development, particularly in emerging economies, in line with the government’s investments towards healthcare modernization, have propelled the demand for rehabilitation equipment. Hospitals have been increasingly expanding their rehabilitation departments across inpatients and outpatient services for the surging patient pool for chronic diseases and post-surgical care. Furthermore, technological advancements in medical equipment and the incorporation of robotic-assisted therapies have added to the treatment efficacy, propelling the market growth. In addition, the supportive government policies and initiatives for enhancing the accessibility to healthcare services drive the hospital and clinic segment’s expansion for rehab services.
The segment of home care settings is anticipated to demonstrate considerable growth over the forecast period, reflecting advancements that improve usability and accessibility. Rehabilitation equipment for home use has undergone significant improvements with the development of technology, becoming more comprehensive and user-friendly. The relevant trends are supported by new devices, such as portable therapy tools, adaptive aids, and remote systems for control and monitoring, which allow patients to engage in exercises and therapies on their own. Simultaneously, the demand for home-based rehabilitation has been rising due to the comfort and convenience associated with these settings, expanding the market for equipment used in residential environments.
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Rehabilitation Equipment Market Regional Insights
North America rehabilitation equipment market holds the largest portion of the global market. It is contributed to by the wide elderly population and surge of diseases such as cancer, cardiovascular, diabetes, arthritis and Parkinsons. State supported programs such as Medicare are now encouraging the purchase and use of rehabilitation products. U.S. is a major revenue contributor in North America. This is linked to the growing prevalence of chronic conditions such as cardiovascular diseases, diabetes, arthritis and neurological disorders. This is the major market for advanced rehabilitation equipment that seeks to improve mobility, chronic pain and overall quality of life.
Asia Pacific rehabilitation equipment market is on the rise owing to the collaboration with hospitals and the implementation of advanced technologies. Rehabilitation equipment manufacturers and healthcare facilities work together more closely, which results in the emergence of innovative devices and therapies. Moreover, the implementation of advanced technologies, such as robotic-assisted therapies and smart rehabilitation tools drives the growth of the market through the improved efficacy of the treatment and patients’ care. With the significant advancements witnessed in the technology used, the rehabilitation equipment market of China experiences substantial growth in response to the increased healthcare funding.
Global Rehabiloitation Equipment Market By Geography
- Largest
- Fastest
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Rehabilitation Equipment Market Dynamics
Rehabilitation Equipment Market Drivers
Growing Cases of Musculoskeletal Disorders
- The rising incidence of musculoskeletal disorders is prompting the growth of the rehabilitation equipment market. Musculoskeletal disorders are pervasive, and their effects are widely felt. They account for the leading conditions of severe long-term physical disability and pain in millions of people globally. Consequently, multitudinous people are being admitted to musculoskeletal rehabilitation centers around the globe. The growing number of musculoskeletal disorder cases accelerates market growth.
Growing Cases of Injuries to Professionals
- Handling disabled patients on stretchers manually is dangerous to the caregiver and the patient. More often, the caregiver must reach over the stretcher to the bed and pull, with the patients’ weight being proportional to how injured they are, pull them across onto a stretcher. This means that the caregiver’s back is at a very high risk of being injured as their entire body is forced into an awkward posture leading to musculoskeletal discomfort. Pain resulting from these injuries in the facility has a direct and an indirect cost thus boosting the market demand.
Restraints
Restricting Insurance Coverage and Unfavorable Policies
- Reimbursement is an important determinant of rehabilitation equipment use. Some of the products in this market are expensive, and the patients may easily find themselves unable to purchase them. Instead, they would have to rely on reimbursement to get the equipment in question. In some countries where the Government insurance offer limited coverage of select rehabilitation equipment items, the insurance rules prohibit the suppliers from charging more than the Medicare-approved amount for the goods or services, hence the coverage only applies to the purchases or rentals from selected list of suppliers.
Lack of Awareness
- The growth of the rehabilitation equipment market is poised to be affected by the general lack of awareness of how to use rehabilitation equipment properly. The lack of awareness means that patients may wind up ignoring the symptoms of crucial conditions completely, thus negatively affecting rehabilitation adoption. This is because not many people are aware of most of the conditions related to vital diseases.
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Rehabilitation Equipment Market Competitive Landscape
In the rehabilitation equipment market, the level of mergers and acquisitions is moderate. Companies acquire enterprises to expand their product portfolios, improve technological expertise, and grow market coverage. There is steady activity in the market due to the increasing need for innovation and market consolidation. However, it is restrained by strict regulations and high costs of acquisition. The market expansion is high. The increased penetration and market opportunities result from the growth of global healthcare investments, the aging of the population, and an increased insight into the benefits of rehabilitation worldwide.
Rehabilitation Equipment Market Top Player’s Company Profiles
- Stryker Corporation (US)
- Invacare Corporation (US)
- Hill-Rom Holdings, Inc. (US)
- DJO Global, Inc. (US)
- Essity AB (Sweden)
- Ottobock SE & Co. KGaA (Germany)
- Arjo AB (Sweden)
- Sunrise Medical (US)
- Permobil AB (Sweden)
- Joerns Healthcare LLC (US)
- Handicare Group AB (Sweden)
- Dynatronics Corporation (US)
- Hoveround Corporation (US)
- Prism Medical Ltd. (Canada)
- GF Health Products, Inc. (US)
- Merits Health Products Co., Ltd. (Taiwan)
- Besco Medical Co., Ltd. (China)
- Vermeiren International (Belgium)
Rehabilitation Equipment Market Recent Development
- In June 2022, Caremax Inc. made an announcement about their intention of acquiring the Medicare value-based care business of Steward Health Care System. This acquisition will help in establishing one of the largest senior-centric value-based care platforms.
- In January 2022, Suzhou MicroPort RehabTech (Group) Co. Ltd., introduced a new product series under their musculoskeletal rehabilitation portfolio. This new line of products will help them to expand product offerings.
- In August 2022, Invacare Corporation introduced its Invacare AVIVA STORM RX power wheelchair in the market. This wheelchair will help the company to increase their power mobility offerings.
Rehabilitation Equipment Key Market Trends
- Growing Adoption of Advanced Technologies: One of the main trends in recent years in the widespread implementation of VR and AR technologies in rehabilitation equipment. One of the core features of the sophisticated sensor technology used in this equipment is the ability to record and track the quality and accuracy of all body movements a person makes during sports activity, including the load angle, trajectory, range of motion, force with which the sports equipment is being pushed, and other types of loads.
- Prevalence of Chronic Disease: The rising prevalence of chronic diseases such as osteoporosis, multiple sclerosis, Parkinson’s disease, rheumatoid arthritis, and others across the globe, is driving the demand for rehabilitation equipment. These diseases lead to problems like physical impairments and physical disabilities which can only be tackled by rehabilitative care. This is immensely boosting the demand for rehabilitation equipment among medical professionals.
Rehabilitation Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, Higher incidence of chronic diseases, availability of a variety of therapies for rehabilitation, and the need of rehabilitation equipment for non-communicable diseases are the major drivers for the global rehabilitation equipment market. In older people, rising incidence of arthritis and Parkinson’s is boosting the demand in the global rehabilitation equipment market. With the growing number of healthcare facilities in emerging nations, a significantly larger population of patients who can afford and access medical rehabilitation treatments is also increasing. As a result, it is anticipated that the rehabilitation products market in developing nations will grow during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 15.12 Billion |
| Market size value in 2031 | USD 25.76 Billion |
| Growth Rate | 6.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Rehabilitation Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Rehabilitation Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Rehabilitation Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rehabilitation Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rehabilitation Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rehabilitation Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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