The latest research study “Rehabilitation Equipment Market Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global rehabilitation equipment market reached a value of US$ 12.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.33 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Covid-19 Impact:
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Industry Definition and Application:
Rehabilitation equipment refer to the set of devices that are designed for restoring or optimizing human abilities. They include medical beds, bathroom and toilet assist devices, patient lifts, walking assist devices, upper and lower body exercise equipment, etc. Rehabilitation equipment help in preventing secondary disabilities, strengthening muscles, enhancing the range of motion, etc. They also assist in eliminating the risk of physical and mental complications. Consequently, rehabilitation equipment are extensively used in hospitals, clinics, rehab centers, home care settings, physiotherapy centers, etc., across the globe.
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Global Rehabilitation Equipment Market Trends and Drivers:
The expanding geriatric population and the elevating prevalence of several chronic illnesses, such as arthritis, cancer, Parkinson’s diseases, etc., are primarily driving the rehabilitation equipment market. Besides this, the growing focus among the key market players towards launching cost-effective, durable, and high-performing product variants, owing to the rising demand for enhanced clinical outcomes, is acting as another significant growth-inducing factor. Additionally, the emerging trend of online healthcare programs that enable patients to receive personalized training virtually, on account of the sudden outbreak of COVID-19 pandemic and the consequent implementation of lockdowns, is also positively influencing the market growth. Furthermore, the inflating investments in research and development (R&D) activities and the launch of various policies by government bodies and NGOs aimed at improving the existing healthcare infrastructures are expected to augment the rehabilitation equipment market over the forecasted period.
Rehabilitation Equipment Market Report ScopeReport CoverageDetailsMarket size value in 2021US$ 12.6 BillionMarket forecast in 2027US$ 18.33 BillionGrowth RateCAGR of 6.30% from 2022 to 2027Base year for estimation2021Historical data2016-2021Forecast period2022-2027Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trendsSegments coveredProduct Type, Application, End Use and RegionRegional scopeNorth America, Europe, Asia-Pacific, Latin America, Middle East and AfricaKey companies profiledAccess Rehabilitation Group, BTL, DeVilbiss Healthcare LLC, DJO Global Inc. (Colfax Corporation), Dynatronics Corporation, GF Health Products Inc., Hill-Rom Holdings Inc. (Baxter International), Invacare Corporation, Joerns Healthcare LLC, Medline Industries LP, Roma Medical Aids Limited and Tyromotion GmbH.Market DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,Customization previewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5697&flag=C
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
Daily Living AidsMedical BedsBathroom and Toilet Assist DevicesReading Writing and Computer AidsOthersExercise EquipmentUpper Body Exercise EquipmentLower Body Exercise EquipmentBody Support DevicesPatient LiftsMedical Lifting SlingsMobility EquipmentWalking Assist DevicesWheelchairs and ScootersBreakup by Application:
PhysiotherapyOccupational TherapyBreakup by End Use:
Hospital and ClinicsRehab CentersHome Care SettingsPhysiotherapy CentersBy Geography:
North AmericaUnited StatesCanadaAsia-PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersLatin AmericaBrazilMexicoOthersMiddle East and AfricaList of Major Key Players:
The major players in the market are Access Rehabilitation Group, BTL, DeVilbiss Healthcare LLC, DJO Global Inc. (Colfax Corporation), Dynatronics Corporation, GF Health Products Inc., Hill-Rom Holdings Inc. (Baxter International), Invacare Corporation, Joerns Healthcare LLC, Medline Industries LP, Roma Medical Aids Limited and Tyromotion GmbH.
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