Report ID: SQMIG35A2417
Report ID:
SQMIG35A2417 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
63 |
Figures:
75
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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Report ID: SQMIG35A2417