Global Rehabilitation Equipment Market

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.

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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. 

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Global Rehabilitation Equipment Market

Report ID: SQMIG35A2417

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