Rehabilitation Equipment Market Size Set For Rapid Growth, To Reach Around USD 23.88 Billion By 2032
According to the report, the global rehabilitation equipment market was valued at approximately USD 15.42 billion in 2023 and is expected to generate revenue of around USD 23.88 billion by 2032, growing at a CAGR of around 4.98% between 2024 and 2032.
Zion Market Research has published a new report titled “Rehabilitation Equipment Market by Type (Daily Living Aids, Mobility Equipment, Exercise Equipment, and Body Support Devices), by Application (Physiotherapy and Occupational Therapy), and by End-User (Hospitals & Clinics, Rehabilitation Centers, Home Care Settings, and Rehabilitation Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”.
Rehabilitation equipment is used to treat patients suffering from physical, sensory, or mental impairments. These impairments are generally caused due to illness, injuries, or diseases. Rehabilitation includes assisting patients with deficits that cannot be reversed back medically. These sessions are generally carried out by experienced and trained therapists.
The rehabilitation equipment market is segmented based on type, application, and end-user. By type, the rehabilitation equipment market is classified into daily living aids, mobility equipment, exercise equipment, and body support devices. The daily living aids segment is further sub-segmented into toilet and bathroom assist devices, medical beds, and writing, computing, and reading aids. The mobility equipment segment includes walking assist devices and scooters and wheelchairs. The exercise equipment segment is further divided into total body, lower body, and upper body exercise equipment. The body support devices segment includes medical lifting slings and patient slings. The mobile equipment segment held around 37% share of the rehabilitation equipment market. The growing geriatric population and accidents causing walking impairments are mainly driving the mobility equipment segment of the rehabilitation equipment market.
By application, the rehabilitation equipment market is segmented into physiotherapy and occupational therapy. The physiotherapy segment is anticipated to show high growth, owing to the rise in the number of physiotherapy centers. Additionally, the growing geriatric population suffering from orthopedic problems, rising bone-related disorders, and rapid technological advancements related to physiotherapy are anticipated to fuel the physiotherapy segment in the forecast timeframe.
The end-user segment includes hospitals and clinics, rehabilitation centers, home care settings, and physiotherapy centers. The hospitals and clinics segment held approximately 33% share and is expected to lead the rehabilitation equipment market, owing to high treatment quality, technologically advanced products, and a large patient pool.
Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa are the regional segments of the global rehabilitation equipment market. Europe is anticipated to lead the market in the forecast period, due to the growing geriatric population, rapidly developing healthcare industry, increasing awareness about rehabilitation centers, and supportive government initiatives. The prevalence of orthopedic disorders, the rising prevalence of lifestyle disorders, strong reimbursement policies enforced by the government, and the presence of major companies are predicted to fuel the North American rehabilitation equipment market.
In the forecast period, Asia Pacific is anticipated to follow North America and Europe, due to improving reimbursement policies, the presence of developing countries, like India and China, the rise in the prevalence of non-communicable diseases, such as cancer, and the rapid adoption of new technologies. Latin America and the Middle East and Africa are projected to show slow growth in the forecast time period. Evolving healthcare infrastructure, increasing awareness about rehabilitation equipment, favorable government initiatives, and the rising prevalence of orthopedic disorders will likely fuel the growth of rehabilitation equipment in these regions.
The major players involved in the global rehabilitation equipment market are -
- Caremax Rehabilitation Equipment Co. Ltd.
- Changzhou QianJing Rehabilitation Co.
- Hospital Equipment Manufacturing Company
- Drive DeVilbiss Healthcare
- Medline Industries Inc.
- Roma Medical
- GF Health Products
- Dynatronics Corporation
- Carex Health Brands
- Invacare Corporation.
This report segments the global rehabilitation equipment market as follows:
Global Rehabilitation Equipment Market: Type Segment Analysis
- Daily Living AidsMedical BedsBathroom & Toilet Assist DevicesReading, Writing & Computing
- Mobility EquipmentWheelchairs & ScootersWalking Assist Devices
- Exercise EquipmentLower Body Exercise EquipmentUpper Body Exercise EquipmentTotal Body Exercise Equipment
- Body Support DevicesPatients LiftsMedical Lifting Slings
Global Rehabilitation Equipment Market: Application Segment Analysis
- Physiotherapy
- Occupational Therapy
Global Rehabilitation Equipment Market: End-User Segment Analysis
- Hospitals& Clinics
- Rehabilitation Centers
- Home Care Settings
- Physiotherapy Centers
Global Rehabilitation Equipment Market: Regional Segment Analysis
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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