Press release
Geriatric Population Surge Fuels Growth In The Rehabilitation Products Market Driver: Leading Transformation in the Rehabilitation Products Market in 2025
Rehabilitation Products Market
The rehabilitation products market has experienced strong growth in recent years. It is projected to increase from $13.92 billion in 2024 to $14.9 billion in 2025, at a compound annual growth rate (CAGR) of 7.1%. The growth in recent years can be attributed to the rising prevalence of chronic diseases and disabilities, the expanding aging population globally, growing awareness of the importance of rehabilitation, increased insurance coverage for rehabilitation services, and higher healthcare spending worldwide.
The rehabilitation products market is expected to experience significant growth in the coming years. It is projected to reach $19.35 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%. This growth is driven by government policies, a shift toward home-based rehabilitation, a focus on early intervention and preventive care, and the expansion of healthcare infrastructure in emerging markets. Major trends include the adoption of telerehabilitation solutions, integration of AI and Virtual Reality (VR), a focus on mobility and accessibility, and the use of sustainable and eco-friendly solutions.
What Is Driving the Growth Trajectory of the Rehabilitation Products Market?
The growing geriatric population is expected to drive the expansion of the rehabilitation products market. The geriatric population comprises individuals aged 65 and older who experience specific health challenges associated with aging. The increasing number of older adults is due to improved life expectancy, advancements in medical care, and declining fertility rates. Rehabilitation products help support mobility, functional independence, and overall well-being among the elderly, enabling them to maintain active lifestyles. Items such as walking aids and mobility scooters provide necessary support, allowing seniors to move around safely and independently. For instance, in January 2024, according to statistics from the Population Reference Bureau (PRB), a US-based nonprofit organization, the number of Americans aged 65 and older is projected to rise from 58 million in 2022 to 82 million by 2050, representing a 47% increase. Their share of the total population is also expected to grow from 17% to 23%. Thus, the increasing geriatric population is driving the demand for rehabilitation products.
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Which Leading Companies Are Shaping the Growth of the Rehabilitation Products Market?
Major companies operating in the rehabilitation products market are Medline Industries Inc., Stryker Corporation, Zimmer Biomet Holdings, Smith & Nephew plc, Ottobock SE & Co. KGaA, DJO Global Inc., Sunrise Medical Inc., Össur (OSSR.Co), Drive DeVilbiss Healthcare (Medical Depot Inc.), Joerns Healthcare, Invacare Corporation IVC, Caremax Rehabilitation Equipment Co. Ltd., Etac AB, GF Health Products Inc., Prism Medical UK, Dynatronics Corporation, Biodex Medical Systems Inc., Carex Health Brands Inc., Roma Medical, Hocoma AG, Ekso Bionics, EZ Way Inc., Proxomed Medizintechnik, Hill-Rom Services Inc., Klinik Medifit
What Are the Major Trends Shaping the Rehabilitation Products Market?
Leading companies in the rehabilitation products market are prioritizing the development of cutting-edge solutions, such as virtual reality-based platforms, to improve therapy effectiveness and boost patient engagement. These platforms offer immersive and interactive rehabilitation experiences. For example, in November 2022, Penumbra Inc., a U.S.-based medical device manufacturer, introduced the REAL y-Series, a full-body, wireless immersive healthcare solution for rehabilitation. This technology employs upper and lower body sensors to monitor full-body movement and progress in real-time, providing a hands-free, sensor-based virtual reality (VR) platform. It enables clinicians to tailor exercises and activities to better engage and challenge patients. This innovation seeks to tackle key rehabilitation challenges, including patient motivation, by enhancing therapy intensity and engagement, ultimately leading to improved patient outcomes.
What Are the Key Segments of the Rehabilitation Products Market?
The rehabilitation products market covered in this report is segmented -
1) By Product Type: Medical Bed, Mobility Scooter, Walker, Cane, Patient Lift, Sling, Other Product Types
2) By Application: Physical Rehabilitation And Training, Strength, Endurance, And Pain Reduction, Occupational Rehabilitation And Training
3) By End User: Physiotherapist, Orthopedists, Rehab Centers, Occupational Therapists, Speech Therapists, Other End Users
Subsegments:
1) By Medical Bed: Electric Medical Bed, Manual Medical Bed, Bariatric Medical Bed, Other Medical Beds
2) By Mobility Scooter: 3-Wheel Mobility Scooter, 4-Wheel Mobility Scooter, Heavy Duty Mobility Scooter, Compact Mobility Scooter
3) By Walker: Standard Walker, Folding Walker, Rollator Walker, Knee Walker
4) By Cane: Standard Cane, Quad Cane, Folding Cane, Walking Stick
5) By Patient Lift: Manual Patient Lift, Electric Patient Lift, Ceiling Lift, Standing Patient Lift
6) By Sling: Patient Transfer Sling, Hammock Sling, Universal Sling, Other Slings
7) By Other Product Types: Wheelchairs, Crutches, Orthopedic Braces, Other Rehabilitation Products
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Which Region Dominates the Rehabilitation Products Market?
North America was the largest region in the rehabilitation products market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rehabilitation products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Rehabilitation Products Global Market Report?
- Market Size Analysis: Analyze the Rehabilitation Products Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rehabilitation Products Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rehabilitation Products Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rehabilitation Products Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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