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Rehabilitation Equipment Market is anticipated to reach US$ 19.3 billion by 2028

user image 2023-06-25
By: akshay
Posted in: health
Rehabilitation Equipment Market is anticipated to reach US$ 19.3 billion by 2028

The Rehabilitation Equipment research report readings primary and secondary research in order to analyse the data effectively. The market learning further also draws attention to key industry factors such as global clients, impending customers, and sellers, which instigates positive company growth. In order to estimate the turning point of the companies, significant market key players are also enlisted in order to deliver readers with in-depth analysis about industry strategies.

The Rehabilitation Equipment report is highly structured into a region-wise study. The regional analysis systematically done by the researcher’s highlights key regions and their leading countries accounting for substantial revenue share in the market. The study helps understand how the market will fare in the respective region, while also revealing the emerging regions growing with a significant CAGR.

  The global rehabilitation equipment market is expected to grow at 5.20% CAGR from 2019 to 2028. It is expected to reach above USD 19.3 billion by 2028 from USD 12.2 billion in 2019.

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Segmentation Summary

On the basis of product type, rehabilitation equipment market is sub-segmented into daily living aids, mobility equipment, walking assist devices, exercise equipment, body support devices, therapy equipment. The therapy equipment segment accounted for the largest share and also registers the highest growth rate during the forecast period. The growth of this segment is primarily attributed to the increasing incidence of various injuries and chronic conditions.

On the basis of application, rehabilitation equipment market is sub-segmented into Physical rehabilitation & training, occupational rehabilitation & training, strength, endurance, & pain reduction. The physical rehabilitation and training segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to the increasing incidence of sports injuries, degenerative joint disorders, and cerebrovascular diseases.

On the basis of End User, rehabilitation equipment market is distributed into rehabilitation centers, physiotherapy centers, home care settings, hospitals & clinics, other end users (nursing homes, community health clinics, & elderly care facilities). The surgical centers and specialty clinics segment accounted for the largest share of the rehabilitation equipment market due to the supportive reimbursement policies for hospital-based treatment and the large volume of patients undergoing treatments for various health conditions at hospitals.

The report provides a comprehensive analysis of company profiles listed below: Invacare Corporation, Medline Industries, Inc., Hill-Rom Services Inc., Dynatronics Corporation, Drive DeVilbiss Healthcare, Carex Health Brands, Inc., DJO Global, Roma Medical, Caremax Respiratory Care Devices Co., Ltd., and GF Health Products,, and others.

Companies are mainly in the surface disinfectant manufacturing and they are competing closely with each other. Innovation is one of the most important and key strategy as it has to be for any health-related market. However, companies in the market have also opted and successfully driven inorganic growth strategies like mergers & acquisition and so on.

In 2020, Invacare Corp . has acquired Altimate Medical which is a manufacturer of standing frames and mobility aids for the rehab market.

In 2018, Dynatronics Corporation has entered into agreement for the Company’s Dynatronics division’s products like including the dynatron solaris plus, thermostim probe, and 125b portable ultrasound along with orthopedic outfitters, inc.

Global Rehabilitation Equipment Market by Product, 2019-2028, (IN USD Million)

Mobility

Cane

Crutches

Walker

Body Support

Lift

Beds

Sling

Exercise

Therapy

Reading

Writing

Global Rehabilitation Equipment Market by Application, 2019-2028, (IN USD Million)

Physical

OT

Strength

Global Rehabilitation Equipment Market by End User, 2019-2028, (IN USD Million)

Physiotherapy

Hospital

Clinic
Its major share is occupied by North America, Europe and Asia Pacific region. North America shares 37% of total market. After that, Europe, Asia Pacific, Rest of the World contribute to the 22% ,32% and 9%of global market respectively.

On the basis of region segment, the global rehabilitation equipment market is divided into Asia Pacific, Latin America, Europe, Middle East and Africa, and North America.

By region, Europe captured the largest market share of the Global rehabilitation equipment market in 2019, followed by North America and Asia-Pacific. Factors such as supportive government initiatives for safe patient handling, rising geriatric population, and the high burden of chronic conditions are driving the growth of the European market.

The study report offers a complete analysis of Rehabilitation Equipment Market size across the globe as regional and country level market size investigation, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive related and sales analysis of the clients. Along with that, the report explains the major challenges and risks to face in the projection period. Rehabilitation Equipment Market is segmented by Type, and by Application. Players, stakeholders, and other contributors in the global Rehabilitation Equipment Market will be able to expansion the upper hand as they use the report as a powerful resource.

Scope of this Report:
• This report segments the global Rehabilitation Equipment market comprehensively and provides the neighbouring approximations of the revenues for the overall market and the sub-segments across different verticals and regions.

• The report helps stakeholders understand the pulse of the Rehabilitation Equipment market and provides them with information on key market drivers, restraints, challenges, and opportunities.

• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.

#Customization Service of the Report:
Exactitude Consultancy provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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