Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accelerating Growth Trends

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. Various factors have contributed to this robust growth during the historical period. These include a surge in the aged demographics, a rise in disability cases, an upswing in sports activities participation, an increase in chronic disease prevalence, a spike in sports-related injuries, and a heightened awareness towards preventive healthcare.

How Will the Rehabilitation Equipment Market Size Evolve and Grow by 2029?
The market for rehabilitation equipment is predicted to exhibit robust growth in the coming years, reaching a size of $23.97 billion by 2029, with a CAGR of 6.7%. The anticipated growth in the forecast period can be credited to factors such as the increasing focus on personalized medicine, growing healthcare spending, the emerging trend of telemedicine, and the rising incidence of degenerative diseases. Key trends for the forecast period involve the implementation of artificial intelligence (AI), advances in rehabilitation equipment, intelligent rehabilitation gadgets, the assimilation of virtual reality (VR) and augmented reality (AR), as well as remote monitoring solutions.

View the full report here:
https://www.thebusinessresearchcompany.com/report/rehabilitation-equipment-global-market-report

What Drivers Are Propelling the Growth of Rehabilitation Equipment Market Forward?
The anticipated boost in the rehabilitation equipment market is attributed to the escalating need for home healthcare services. This refers to a broad range of medical and non-medical assistance given to people within their households to cater to their health requirements. Factors leading to a surge in demand for these services include growing elderly population, progress in medical technology, and a trend towards value-based care. Rehabilitation equipment used for home healthcare expedites recovery and boosts strength, flexibility, and balance. It encourages self-reliance and guarantees patient safety through bespoke monitoring and adjustments. For example, data from March 2024 provided by the Centers for Medicare and Medicaid Services (CMS), an American federal agency, indicated a 8.3% rise in Medicare Fee for Service (FFS) users resorting to home healthcare in 2021, reaching about 3 million. These users were served by 11,474 Medicare-certified home health institutions nationally. Consequently, the increasing requirement for home healthcare services is fueling the rehabilitation equipment market's growth.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15256&type=smp

What Are the Key Trends Driving Rehabilitation Equipment Market Growth?
Major corporations that are part of the rehabilitation equipment market are investing in the development of groundbreaking technologies such as VR-based rehabilitation systems, with the aim of setting themselves apart in the industry. These digital systems take advantage of VR technology to aid rehabilitation processes and therapeutic measures for people with a variety of physical or cognitive disabilities. A recent example of this is Penumbra Inc., a medical company based in the US. They introduced their new product, the REAL y-Series, a full-scale VR rehabilitation platform for both upper and lower limbs equipped with a full-body avatar, in November 2022. This unique product is geared towards assisting patients undergoing physical or occupational therapy, by enhancing their physical, mental, and cognitive health. The objective of this all-encompassing rehabilitation remedy is to amplify patient involvement, enthusiasm, and results. It does this by offering an all-encompassing approach to therapy, catering to a variety of needs, including core stability training, cognitive stimulation, and daily routine activities.

What Are the Key Segments in the Rehabilitation Equipment Market?
The rehabilitation equipment market covered in this report is segmented -

1) By Product: Therapy Devices, Daily Living Aids, Mobility Equipment, Exercise Equipment, Body Support Devices
2) By Application: Physiotherapy, Occupational Therapy, Other Applications
3) By End-use: Hospitals And Clinics, Rehab Centers, Home Care Settings, Physiotherapy Centers

Subsegments:
1) By Therapy Devices: Electrical Stimulation Devices, Ultrasound Therapy Devices, Heat And Cold Therapy Devices, TENS (Transcutaneous Electrical Nerve Stimulation) Devices
2) By Daily Living Aids: Walking Aids, Dressing Aids, Reaching Aids, Bathing Aids
3) By Mobility Equipment: Wheelchairs, Scooters, Walking Frames, Crutches
4) By Exercise Equipment: Resistance Bands, Exercise Balls, Pedal Exercisers, Treadmills
5) By Body Support Devices: Back And Neck Braces, Knee And Ankle Supports, Shoulder And Elbow Supports, Wrist And Hand Supports

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15256&type=smp

Who Are the Key Players Shaping the Rehabilitation Equipment Market's Competitive Landscape?
Major companies operating in the rehabilitation equipment market report are Medtronic plc; Medline Industries Inc.; Koninklijke Philips N.V.; Stryker Corporation; Hill-Rom Holdings Inc.; Arjo; DJO Global Inc.; Sunrise Medical Limited; Invacare Corporation; Caremax Rehabilitation Equipment Co. Ltd.; Etac AB; Permobil; LINET spol. s.r.o.; Joerns Healthcare LLC; DeVilbiss Healthcare LLC; Hoveround Corporation; Winncare Group; Dynatronics Corporation; GF Health Products Inc.; Roma Medical; Paragon Medical; Merits Health Products Co. Ltd.; Ekso Bionics Holdings Inc.; TecnoBody S.p.A.; Lifeward Inc.; Antano Group; Changzhou Qianjing Rehabilitation Corp. Limited; Besco Medical Co. Ltd.; Vermeiren International; Ossenberg GmbH

What Geographic Markets Are Powering Growth in the Rehabilitation Equipment Market?
North America was the largest region in the rehabilitation equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rehabilitation equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15256

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.