Rehabilitation Equipment Market Estimated to Perceive Exponential Growth till 2028

Due to the rising incidence of degenerative disorders, such as Parkinson's, Alzheimer's, and arthritis, and the growing number of trauma patients needing outpatient treatment, the market is projected to see substantial growth. Moreover, it is also predicted that the rising geriatric population will drive the demand over the projected period.

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For the disabled people around the world, the demand for regular assistive devices is growing exponentially. Owing to new contact networks that are being embraced by producers, awareness of new goods emerging on the market is also rising. Patients are therefore kept aware of upcoming items on the market.

Increased funding, discounts, and local governments support initiatives in many countries are expected to fuel demand for assistive devices and, in turn, contribute to growth, have offered alternative financing solutions for rehabilitation devices. The key factors demonstrate that the rise of non-communicable diseases leads to disabilities and that the increasing geriatric population provides immersive development and many new opportunities for the different players in the sector. The favorable funding for healthcare and different approaches illustrate the driving development of the global demand for recovery equipment.

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Growth Drivers that Support the Global Rehabilitation Equipment Market Devices Market:

• The industry is segmented on a product-based basis into mobility devices, daily life supports, body support equipment, and fitness equipment. In 2016, the mobility equipment segment led the overall market. Due to the rising geriatric and disabled population worldwide, this category is expected to retain its dominance over the projected period.

• Owing to the large patient pool, hospitals segment based on end-user is expected to witness significant growth over the forecast period.

• Europe accounted for the highest market share in the year 2019. The development of the European market is motivated by factors such as positive government policies for secure patient handling, a growing geriatric population, and a heavy burden of chronic conditions. On the other hand, it is estimated that the Asia Pacific market will register the highest CAGR during the forecast period. This can be due to the rising prevalence of chronic diseases, increasing venture capital activities, availability of technologically innovative technologies, and strategic growth of market players in this area.

• It is expected that competitive rebate programs in major markets, such as the U.S., would provide farmers with substantial revenue opportunities. Medicare reimbursements encourage patients to rely on recovery assistive devices.

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Companies are Keen to expand their Foot Print in the Global Market

• To expand its regional reach and role in the Quebec industry, Medline Industries, Inc. (US) acquired Médi-Sélect (Canada), a distributor of medical and dental supplies, in January 2020.

• GF Health Products, Inc. (US) launched the Lumex Clinical Treatment Recliner in November 2019.

• GF Health Products, Inc. (US) purchased Intensa, Inc. (US) in January 2018. This purchase allowed GF Heath Products to extend the current medical/laboratory seating, casework, furniture, and equipment product range.

Major companies functioning in the global Rehabilitation Equipment Market Devices market are Medline Industries, Inc., Invacare Corporation, Dynatronics Corporation, Changzhou Qian Jing Rehabilitation Co., Ltd., Drive DeVilbiss Healthcare, Carex Health Brands, Caremax Rehabilitation Equipment Co. Ltd., Roma Medical, GF Health Products, Inc.

Market Segmentation:

By Type:
• Mobility
o Wheelchair
o Assist Device
• Body Support
o Lift
o Sling
• Exercise
o Upper
o Lower Body
• Living Aids
o Reading
o Writing

By Application:
• Physiotherapy
• OT

By End User:
• Hospital
• Clinic
• Home Care

By Region:
• North America
o North America, by Country
 US
 Canada
 Mexico
o North America, by Type
o North America, by Application
o North America, by End User
• Western Europe
o Western Europe, by Country
 Germany
 UK
 France
 Italy
 Spain
 The Netherlands
 Rest of Western Europe
o Western Europe, by Type
o Western Europe, by Application
o Western Europe, by End User
• Asia Pacific
o Asia Pacific, by Country
 China
 India
 Japan
 South Korea
 Australia
 Indonesia
 Rest of Asia Pacific
o Asia Pacific, by Type
o Asia Pacific, by Application
o Asia Pacific, by End User
• Eastern Europe
o Eastern Europe, by Country
 Russia
 Turkey
 Rest of Eastern Europe
o Eastern Europe, by Type
o Eastern Europe, by Application
o Eastern Europe, by End User
• Middle East
o Middle East, by Country
 UAE
 Saudi Arabia
 Qatar
 Iran
 Rest of Middle East
o Middle East, by Type
o Middle East, by Application
o Middle East, by End User
• Rest of the World
o Rest of the World, by Country
 South America
 Africa
o Rest of the World, by Type
o Rest of the World, by Application
o Rest of the World, by End User

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