AI to change the course of drug discovery in the Rehabilitation Equipment Market at a CAGR of 5.6%

The global Rehabilitation Equipment Market is bound to go great guns in the forecast period, reaching US$ 3,400 Mn in 2022. Mixed Reality (MR) comes across as a cutting edge technology, and the applications include training nurses and doctors. Additional information could be provided to the operators through combination of AR and VR. This would be the scenario with Rehabilitation Equipment Market in the near future.

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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. 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.

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.
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.

The global rehabilitation equipment market is slated to touch a value of about US$ 13,400 Mn in the year 2022 and grow at a robust CAGR during the assessment period.

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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.

Persistence Market Research forecasts the Germany rehabilitation equipment market to exhibit a compound annual growth rate (CAGR) of nearly 6% from 2017 to 2022.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Rehabilitation Equipment Market Manufacturers
Rehabilitation Equipment Market Distributors/Traders/Wholesalers
Rehabilitation Equipment Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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This release was published on openPR.