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

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.