Rehab Equipment Market Analysis, Size, Growth and Demand, 2023

Rehab equipment are re-usable equipment which aid patients in their daily chores. It is one of the effective ways to treat a patient recovering from long-term injury or illness. It accelerates the recovery process of the patient. Over the last decade, there has been a considerable growth in the global rehab equipment market due to advancement in technology and government reforms such as long-term care insurance, 2000 in Japan. It is expected to grow further during the forecast period (2017-2023) due to the entry of various private and government insurance players in the market. These players will provide reimbursement plans for the rehab equipment that will make these equipment more affordable.

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The categorization of global rehab equipment market is done on the basis of type, applications, end users. The various types of global rehab equipment are daily living aids, body support devices, mobility equipment and exercise equipment. The daily living aids equipment such as medical beds, bathroom and toilet assist devices and reading, writing and computing aids have been used more by the end users as compared to other segments due to increase in non-communicable diseases like cardiovascular diseases and cancer. Worldwide, 8.8 million people died from cancer in 2015, which is 1 in 6 of all global deaths as per the reports by WHO.

Companies are focusing on the technological advancements which is causing rapid growth of the market. The key factors which drive the growth of the global rehab equipment markets are positive government healthcare reforms, aging population and rise in chronic diseases, increase in disabilities due to non-communicable diseases, rise in disabled population and increasing sports injuries.

However, the cost of these equipments are high as well as the maintenance expenses too, are considerably high, which is restraining the global rehab equipment market. But such restraints are overcome by the insurance care provided by the government and private players.

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Other key players in global rehab equipment market are Medline Industries, Inc., Dynatronics Corporation, GMS Rehabilitation, Drive DeVilbiss Healthcare, Changzhou Qian Jing Rehabilitation Co., Ltd., Compass Health Brands, Roma Medical, Caremax Rehabilitation Equipment Co. Ltd., GF Health Products, Inc., and Hospital Equipment Manufacturing Company.

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