DUBLIN–(BUSINESS WIRE)–The “Rehabilitation Equipment Market by Product (Medical Bed, Mobility Scooter, Walker, Crutcher, Cane, Patient Lift, Sling), Application (Physical, OT, Lower-body Exercise Equipment), End User (Rehabilitation & Physiotherapy Center) – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global rehabilitation equipment market is projected to reach USD 19.8 billion by 2027 from USD 14.9 billion in 2022, at a CAGR of 5.9% during the forecast period
Increasing geriatric population and obese populations, increasing chronic diseases, high risk of injuries to caregivers during the manual handling of patients, and increasing demand for rehabilitation care, owing to an increased access to healthcare are the key driving factors in the market. However, a lack of awareness and access to rehabilitation services in emerging countries is a major factor restraining market growth.
Therapy equipment was the largest and fastest-growing segment in the product segment of rehabilitation equipment market in 2021
Based on product, the rehabilitation equipment market is segmented into therapy equipment, daily living aids, mobility equipment, exercise equipment, and body support devices.
In 2021, the therapy equipment segment accounted for the largest share of the rehabilitation equipment market. The large share of this segment can primarily be attributed to the increasing incidence of various injuries and chronic conditions that are driving the demand for rehabilitation therapies.
Physical rehabilitation & training segment is the largest application segment in the rehabilitation equipment market in 2021
Based on application, the rehabilitation equipment market is segmented into strength, endurance, and pain reduction; physical rehabilitation & training; and occupational rehabilitation & training.
In 2021, the Physical rehabilitation & training segment accounted for the largest share of the rehabilitation equipment market. Physical rehabilitation procedure involves exercises, cold and heat treatments, massages, and stretching. The demand for is physical rehabilitation and training is increasing owing to the rising incidence of degenerative joint disorders, sports injuries, and cerebrovascular diseases.
The hospital and clinics segment is the largest end-user segment in the rehabilitation equipment market in 2021
Based on end users, the rehabilitation equipment market is segmented into hospitals & clinics, rehabilitation centers, physiotherapy centers, home care settings, and other end users.
In 2021, the hospitals and clinics segment accounted for the largest share of the rehabilitation equipment market. The increasing prevalence of diseases/conditions requiring hospital-based treatment, such as cardiovascular disease and fall-related injuries, is a major factor driving the demand for rehabilitation equipment among hospitals and clinics.
Europe leads the rehabilitation equipment market by region
Europe accounted for the largest share of the global rehabilitation equipment market. Europe comprises Germany, the UK, France, Italy, Spain, and the Rest of Europe (including Sweden, Switzerland, Turkey, the Netherlands, Norway, Poland, Portugal, Romania, Denmark, Estonia, Finland, Austria, Belgium, and Russia).
Economically stable and technologically advanced countries such as Germany, the UK, and France are the major contributors to the rehabilitation equipment market in Europe. The Asia Pacific market is projected to register the highest CAGR during the forecast period. Market growth in the Asia Pacific is attributed to the growing number of healthcare facilities and increasing healthcare expenditures.
Key players in the Rehabilitation Equipment Market
The key players operating in the rehabilitation equipment market include Baxter International (US), Invacare Corporation (US), Medline Industries, LP (US), Arjo (Sweden).
Premium Insights
Rising Geriatric & Obese Populations to Drive Market Growth
Therapy Equipment Segment Accounted for the Largest Share of the APAC Market in 2020
India to Register the Highest Growth During the Forecast Period
Europe to Dominate the Rehabilitation Equipment Market in 2026
Developing Markets to Register Higher Growth During the Forecast Period
Market Dynamics
Market Drivers
Increasing Incidence of Chronic Diseases
Increasing Demand for Rehabilitation Care with Expanding Access to Healthcare
Rising Geriatric and Obese Populations
Risk of Injuries to Caregivers while Handling Patients Manually
Market Restraints
Lack of Awareness and Access to Rehabilitation Services in Emerging Markets
Opportunities
Growth Potential in Emerging Countries
Rising Demand for Home Healthcare Services
Challenges
Reimbursement Issues
Persistent Difficulties in Handling Bariatric Patients
Industry Trends
Growing Focus on Organic Growth Strategies
Integration of IoT in Rehabilitation Equipment
Regulatory Analysis
North America
US: Regulatory Process for Medical Devices
Canada
Europe
Asia-Pacific
Japan: Classification of Medical Devices and the Reviewing Body
China
Nmpa Medical Devices Classification
India
Company Profiles
Key Players
Invacare Corp.
Medline Industries, Lp
Arjo
Baxter International (Hill-Rom Holdings)
Dynatronics Corp.
Handicare Group Ab
Colfax Corp. (Enovis Corp.)
Drive Devilbiss International
Etac Ab
Carex Health Brands (A Subsidiary of Compass Health Brands)
Roma Medical
Caremax Rehabilitation Equipment Co. Ltd.
Gf Health Products Inc.
Joerns Healthcare LLC
Prism Medical UK Ltd.
Guldmann
Ez Way Inc.
Linet
Antano Group
Ossenberg GmbH
Winncare
Other Players
Sunrise Medical LLC
Tecnobody
Proxomed
Enraf-Nonius
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