Press release
Rehabilitation Equipment Market to reach USD 23.65 Bn by 2029, emerging at a CAGR of 6 percent and forecast 2023-2029
Rehabilitation Equipment Market
The Rehabilitation Equipment Market size was valued at USD 15.73 Billion in 2023. The total Rehabilitation Equipment revenue is projected to witness a growth of 6% from 2024 to 2030, reaching nearly USD 23.65 Billion.
Maximize Market Research Pvt Ltd introduces an extensive report on the Rehabilitation Equipment Market, providing insights into various segments such as Product, Application, End-use Industry, and Region. The report offers a comprehensive analysis, including meaningful insights, historical data, and statistically supported market statistics. It encompasses estimates derived from an appropriate set of assumptions and methodologies.
The report employs a bottom-up approach to estimate the market size. Key players in the rehabilitation equipment market are identified through secondary research, with market revenues determined via primary and secondary research. This includes a review of annual and financial reports of leading manufacturers, along with interviews with key opinion leaders and industry experts.
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Rehabilitation Equipment Market Dynamics:
The surge in musculoskeletal disorders is a primary driver behind the burgeoning demand for rehabilitation equipment. With musculoskeletal conditions affecting millions globally and emerging as a leading cause of prolonged physical disability and discomfort, their widespread impact is undeniable. According to the World Health Organization (WHO), approximately 25% to 30% of individuals worldwide grapple with painful musculoskeletal conditions presently. Consequently, a growing number of individuals are seeking treatment in musculoskeletal rehabilitation centers, intensifying the need for advanced rehabilitation equipment.
Patients undergoing treatment in such centers often require care for various conditions including sports injuries, tumors, osteoporosis, back pain, amputation, and repetitive stress injuries like tendonitis and carpal tunnel syndrome. As a result, occupational and vocational rehabilitation therapy is increasingly becoming accessible to these patients. In rehabilitation centers, a myriad of therapeutic devices are utilized to assist patients in achieving optimal function and independence. Additionally, physiotherapists are progressively incorporating low-level laser therapy (LLLT) into their treatment protocols for addressing diverse musculoskeletal conditions. LLLT applications such as inflammation reduction, pain alleviation, and accelerated tissue regeneration play a pivotal role in enhancing physiotherapy outcomes and can complement other therapeutic interventions such as exercise therapy.
Rehabilitation Equipment Market Regional Insights:
North America is poised to maintain a significant market share in the rehabilitation equipment sector, a trend expected to persist in the forecasted period. The region's growth is propelled by several factors, including the escalating prevalence of chronic diseases such as Parkinson's, Alzheimer's, and arthritis. This surge in chronic conditions has led to an increased demand for rehabilitation therapies, further bolstering the market landscape. Notably, the presence of numerous major players in the United States contributes significantly to market expansion.
The impact of rehabilitation on health outcomes is exemplified by initiatives like the COVID-19 rehab program introduced by the Mayo Clinic in September 2020. Addressing the urgent need for rehabilitation programs for COVID-19 patients, innovations such as SWORD Health's remote pulmonary rehabilitation program, launched in May 2020, underscore the pivotal role of rehabilitation in healthcare.
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Rehabilitation Equipment Market Segmentation:
by Product
Daily Living Aids
Medical Beds
Bathroom & Toilet Assist Devices
Reading Writing & Computer Aids
Mobility Equipment
Wheelchairs & Scooters
Walking Assist Devices
Exercise Equipment
Lower Body Exercise Equipment
Upper Body Exercise Equipment
Body Support Devices
Patient Lifts
Medical Lifting Slings
by Application
Physiotherapy
Occupational Therapy
by End-use
Hospitals & Clinics
Rehab Centers
Home Care Settings
Physiotherapy Centers
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Rehabilitation Equipment Market Key Players:
1. Baxter International (US)
2. Invacare Corporation (US)
3. Amigo Mobility International (US)
4. Argo Medical (US)
5. Medline Industries (US)
6. Coalfax (US)
7. Dynatro nics Corporation (US)
8. Access Rehabilitation Group (US)
9. Drive DeVilbiss Healthcare (US)
10. GF HEALTH PRODUCTS (US)
11. Stryker (US)
12. Carex Health Brands (US)
13. Esko Bionics (US)
14. Maddak, Inc (US)
15. Roma Medical (UK)
16. Drive DeVilbiss Healthcare (UK)
17. Handicare Group AB (Sweden)
18. Hospital Equipment Mfg. Co. (India)
19. India Medico Instruments (India)
20. Changzhou Qian Jing Rehabilitation equipment (China)
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-rehabilitation-equipment-market/22656/
Table of content for the Rehabilitation Equipment Market includes:
1. Global Rehabilitation Equipment Market: Research Methodology
2. Global Rehabilitation Equipment Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Rehabilitation Equipment Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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India Ceramic Tile Market : https://www.maximizemarketresearch.com/market-report/india-ceramic-tile-market/24767/
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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