Who are the key vendors in the Global Rehabilitation Equipment Market?

The global rehabilitation equipment market is highly competitive and consists of several key players operating at both regional and global levels. These companies continuously strive to gain a competitive edge by focusing on product development, strategic partnerships, and mergers and acquisitions. The competitive landscape is characterized by a combination of established companies with a strong market presence and emerging players offering innovative solutions. The global rehabilitation equipment market is characterized by intense competition, technological advancements, and a focus on meeting the evolving needs of patients and healthcare professionals. The competitive landscape is dynamic, with companies striving to innovate and differentiate themselves through product development, strategic partnerships, and mergers and acquisitions. 'Stryker Corporation (US)', 'Invacare Corporation (US)', 'Hill-Rom Holdings, Inc. (US)', 'Medline Industries, Inc. (US)', 'DJO Global, Inc. (US)', 'Drive DeVilbiss Healthcare (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)'

What is the key driver of Global Rehabilitation Equipment Market?

The rising incidence of chronic diseases such as stroke, orthopedic disorders, and neurological conditions is a significant driver for the rehabilitation equipment market. As the global population ages and chronic conditions become more prevalent, the demand for rehabilitation equipment to improve functional abilities and enhance recovery will continue to grow.

What is the key market trend for Global Rehabilitation Equipment Market?

Home-based Rehabilitation: There is a growing trend towards home-based rehabilitation, driven by the need for convenience, cost-effectiveness, and patient preference. Advances in portable and user-friendly rehabilitation equipment enable patients to continue their rehabilitation programs in the comfort of their own homes, under the guidance of healthcare professionals.

Which region accounted for the largest share in Global Rehabilitation Equipment Market?

North America emerged as the largest market for rehabilitation products, with a significant share in recent years and a projected continuation of its dominance in the forecast period. This can be attributed to several factors, including the large base of the geriatric population in the region and the increasing prevalence of non-communicable diseases such as cancer, cardiovascular disease, diabetes, arthritis, and Parkinson's. The presence of reimbursement programs like Medicare has also played a role in improving access to rehabilitation products, further driving the market growth.

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 Competitive Landscape

Rehabilitation Equipment Market Top Player’s Company Profiles

Stryker Corporation (US)

Invacare Corporation (US)

Hill-Rom Holdings, Inc. (US)

Medline Industries, Inc. (US)

DJO Global, Inc. (US)

Drive DeVilbiss Healthcare (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 Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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).

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. 'Stryker Corporation (US)', 'Invacare Corporation (US)', 'Hill-Rom Holdings, Inc. (US)', 'Medline Industries, Inc. (US)', 'DJO Global, Inc. (US)', 'Drive DeVilbiss Healthcare (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)'

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 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.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Rehabilitation Equipment Market Competitive Landscape

Rehabilitation Equipment Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Rehabilitation Equipment Market?

Who are the key vendors in the Rehabilitation Equipment Market?

What is the key driver of Rehabilitation Equipment Market?

What is the key market trend for Rehabilitation Equipment Market?

Which region accounted for the largest share in Rehabilitation Equipment Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300