Digitized Diagnostic Techniques To Drive Rehabilitation Equipment Market At A CAGR Of 5.6%

The healthcare vertical is expected to accelerate based on IoMT (Internet of Medical Technology). The key players in IoMT help in designing and tuning to sophisticated custom software. Also, iTunes or Google Play catalogs have encompassed healthcare and wellness mobile apps. With synchronization with wearables like fitness trackers or pulsometers for using data collected via sensors placed on body for reporting/analysing health conditions, the Rehabilitation Equipment Market is there to take the healthcare vertical by storm in the next 10 years.

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The global rehabilitation equipment market is expected to witness sustained growth due to the rising incidences of degenerative diseases such as Parkinson's, arthritis, etc. and a growing number of patients suffering from trauma who need rehabilitation therapy. In addition, a growing geriatric population is also likely to spur market growth during the assessment period. There is a pressing need for devices that provide assistance to the physically challenged people across the globe.

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Moreover, since manufacturers have established excellent channels of communication with the needy population of such devices, innovation in the rehabilitation equipment market has also increased to a new level. Also, governments across the world are providing support and subsidies for rehabilitation equipment which is also likely to boost the demand for such kind of equipment. Moreover, favorable reimbursement policies in the developed markets of the West are expected to stimulate market growth as well.

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The global rehabilitation equipment market is slated to touch a value of about US$ 13,400 Mn in the year 2027 and grow at a robust CAGR during the assessment period.

Company Profiles:

Invacare Corporation
Medline Industries, Inc.
Dynatronics Corporation
Drive Devilbiss Healthcare
Roscoe Medical
Roma Medical Aids Ltd.
Caremax Rehabilitation Equipment Co. Ltd.
GF Health Products, Inc.

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4 Forecast Highlights on Global Rehabilitation Equipment Market

As per the forecast of Persistence Market Research, the mobility equipment product type segment is slated to touch a value of more than US$ 3,900 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The mobility equipment product type segment is estimated to account for more than one-fourth of the revenue share of the product type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
As per the forecast of Persistence Market Research, the rehabilitation centers segment will reach a value of about US$ 3,350 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The rehabilitation centers segment is forecasted to account for nearly one-third of the total revenue share of the end user segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the physiotherapy segment is slated to reach a value of more than US$ 9,800 Mn in 2022. The physiotherapy segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the Europe region in the physiotherapy segment.

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