Press release
Rehabilitation Products Market Size Projected To Reach $19.35 Billion By 2034 With A Cagr Of 6.8%
The Rehabilitation Products Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Rehabilitation Products Market?
In recent times, the market size for rehabilitation products has exhibited robust growth. It is projected to grow from $13.92 billion in 2024 to reach $14.9 billion in 2025, signifying a compound annual growth rate (CAGR) of 7.1%. The surge witnessed in this historical timeframe can be attributed to factors such as the escalating incidences of chronic disease and disabilities, the global aging population influx, growing cognizance about the significance of rehabilitation, increased insurance cover for rehabilitation services, and an upwards trend of global healthcare expenditure.
In the upcoming years, the market size for rehabilitation products is projected to experience significant growth, escalating to $19.35 billion in 2029 at a 6.8% compound annual growth rate (CAGR). The expected growth during this forecast period is due to government strategies and reforms, increased preference for home-based rehabilitation, an emphasis on early action and preventive health, and the development of the healthcare infrastructure in budding markets. Key trends anticipated during this period consist of the adoption of telerehabilitation technologies, inclusion of artificial intelligence (AI) and Virtual Reality (VR), a focus on mobility and accessibility, and the use of sustainable and environmentally friendly solutions.
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What Are the Different Rehabilitation Products Market Segments?
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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What Are the Primary Drivers Shaping the Rehabilitation Products Market?
The rise in the aged population is predicted to bolster the growth of the rehabilitation products industry. The term "geriatric population" relates to individuals above 65, possessing unique health needs associated with elderly age. An inflection in the older populace results from revolution in healthcare and a fall in fertility rates, enhancing living expectancy. Rehabilitation items endorse functional autonomy, mobility, and well-being amongst the elderly, supporting them to lead dynamic and content lives well into their old age. Products such as mobility scooters and walking aids bolster assistance and safety for the elderly in their daily movements. According to the US-based nonprofit, Population Reference Bureau (PRB), it is projected that the population of Americans aged 65 and up will increase from 58 million in 2022 to 82 million in 2050 (an upswing of 47%), thus increasing their proportion in the total populace from 17% to 23%. On these grounds, the expanding aged population has a pivotal role in the growth of the rehabilitation products industry.
Which Companies Are Leading in 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 entities in the rehabilitation products market are concentrating on offering innovative approaches, including advanced virtual reality-based platforms, to boost therapy results and patient involvement. These virtual reality platforms are used in rehabilitation products to offer immersive and interactive sessions for patients in therapy. For instance, Penumbra Inc., a medical device company based in the US, introduced the REAL y-Series in November 2022, a comprehensive body, non-tethered immersive health solution for rehabilitation. This system uses upper and lower body sensors to monitor complete body movement and advancement in real-time, offering a hands-free, sensor-based virtual reality platform and enabling clinicians to personalize exercises and activities to challenge, encourage, and engage patients. The innovative technology is intended to tackle issues in rehabilitation, such as patient motivation and involvement, by enhancing therapy advantages through greater engagement and intensity, which could potentially improve patient results.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Rehabilitation Products Market?
2. What is the CAGR expected in the Rehabilitation Products Market?
3. What Are the Key Innovations Transforming the Rehabilitation Products Industry?
4. Which Region Is Leading the Rehabilitation Products Market?
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