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North America Rehabilitation Equipment Market Growth, Qualitative Insights 2022 by Global Industry Share, Size, Latest Trends, Opportunities, Top Manufacturers and Forecast to 2028

10-19-2022 11:12 AM CET | Health & Medicine

Press release from: Introspective Market Research

North America Rehabilitation Equipment Market Growth,

Market Overview:

The North America Rehabilitation Equipment Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

Rehabilitation is the care required when a person is experiencing or is likely to experience limitations in daily functioning due to aging or a health condition such as chronic diseases or disorders, injuries, or trauma. As the world's population ages, so does the number of people suffering from non-communicable diseases.
According to World Bank data, 17% of the total population in North America was 65 or older in 2021, with that figure expected to rise to 19.6% and 22.6% by 2027 and 2050, respectively. Mexico's figures were 9.3% in 2027 and 17% in 2050. This increase in the North American geriatric population is expected to support the development of the rehabilitation equipment market over the forecasted period.

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Market Dynamics:

Driver:

In Pacific Islander women, as well as Asian American, American Indian, Alaska Native, and Hispanic women, heart disease is the second leading cause of death. Every 34 seconds, someone in the United States dies from cardiovascular disease. Heart disease caused approximately 697,000 deaths in the United States in 2020, accounting for one out of every five deaths. Furthermore, in the United States, a heart attack occurs every 40 seconds. Every year in the United States, approximately 805,000 people have a heart attack. 605,000 of these people have their first heart attack. Diabetes has been identified as the primary cause of the increase in heart attacks.

Opportunities:
In the United States, nearly one million people suffer from Parkinson's disease. This figure is expected to rise to 1.2 million by 2030. Following Alzheimer's, Parkinson's disease is the second most common neurodegenerative disease. Physical therapy can help Parkinson's disease patients maintain mobility and physical abilities as the disease progresses. As a result, the growing number of neurological disorders in the United States will create opportunities for market players in the North American rehabilitation equipment market.

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Market Segmentation

By Product: the mobility equipment segment is anticipated to have the highest share of the market over the analysis period. Wheelchairs and scooters, power wheelchairs, mobility scooters, and manual wheelchairs are examples of mobility equipment. Users benefit from these devices in a variety of ways, including increased independence, reduced pain, and increased confidence and self-esteem.

By Application: the physical therapy segment is expected to dominate the North American Rehabilitation market in the projected period. Physical therapists are movement experts who improve people's quality of life by prescribing exercise, providing hands-on care, and educating patients. They are also problem solvers who are driven to help their patients get back on their feet.

By End User : the hospitals and clinics segment are estimated to account for the largest share of the rehabilitation equipment market. Medical beds, slings, hoists, and bathroom and toilet assist devices are examples of common rehabilitation equipment used in hospitals. The prevalence of diseases/conditions requiring hospital-based treatment is increasing the demand for this equipment.

By Product
• Daily Living Aids
• Exercise Equipment
• Body Support Devices
• Mobility Equipment

By Application
• Physiotherapy
• Occupational Therapy
• Others

By End User
• Hospitals & Clinics
• Rehab Centers
• Homecare Settings
• Physiotherapy Centers
• Others

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Regional Analysis Of North American Rehabilitation Equipment Market
The United States of America is the major country driving the development of the North American rehabilitation equipment market. The rising prevalence of age-related disorders like dementia, Alzheimer's, and osteoporosis has increased the demand for bathroom and toilet assistance devices. The risk of paralysis is increasing as the incidence of stroke, spinal cord injury, and multiple sclerosis rises. According to the National SCI Statistical Center (NSCISC) 2021 Spinal Cord Injury Data Sheet, approximately 18,000 new spinal cord injuries are reported each year in the United States, and approximately 253,000 to 378,000 people live with SCI. Similarly, according to the WHO 2019 report, one in every two adults in the United States has a musculoskeletal condition. Thus, the growing prevalence of musculoskeletal injuries and other injuries is anticipated to support the growth of the rehabilitation equipment market in the USA.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

Major Key Players Considered in the Market
• Caremax Rehabilitation Equipment Co., Ltd.
• Carex Health Brands, Inc.
• DJO North America Inc. (Colfax Corporation)
• Drive DeVilbiss Healthcare LLC
• Dynatronics Corporation
• Ekso Bionics Holdings Inc.
• GF Health Products Inc.
• Hill-Rom Services Inc.
• Baxter International
• Invacare Corporation
• Joerns Healthcare LLC
• Medline Industries, Inc.
• Roma Medical Aids Ltd.
• Sunrise Medical, Inc.
• TecnoBody S.r.l.

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Key Industry Developments In North American Rehabilitation Equipment Market

In March 2022: Medline Industries, LP (US) declared a USD 725 million prime vendor partnership with Mount Sinai Health System (US), to enhance their supply chain strategy and enhance patient outcomes.

In February 2021: the company Rehabs Near Me launched a 24*7 service to assist people in the United States looking for rehab centers.

Table OF Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Product
 3.2 By Application
 3.3 By End User
Chapter 4: Market Landscape
Chapter 5: North America Rehabilitation Equipment Market by Product

To Be Continue……
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Introspective Market Research
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Chicago, Illinois
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Ph no: +1-773-382-1047
Email : sales@introspectivemarketresearch.com

About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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