Rehabilitation Equipment market Overview:
The Rehabilitation Equipment market competitive landscape breaks out information by a rival. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points presented above are only relevant to the firms’ emphasis on the Rehabilitation Equipment market .
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Market Scope:
This Rehabilitation Equipment market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansion For more information on the Rehabilitation Equipment market , please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Market Dynamics: The market for rehabilitation equipment is expanding because musculoskeletal problems are becoming more and more common. Disorders of the musculoskeletal system are frequent and have a significant effect. Millions of people around the world suffer from significant long-term physical disability and agony as a result of them. A painful musculoskeletal illness currently affects 25% to 30% of people globally, according to the World Health Organisation (WHO). As a result, many people all around the world are being treated in hospitals with musculoskeletal rehabilitation programmes, which is raising the demand for rehabilitation equipment.
Segmentation:
by Product
1. Daily Living Aids
1.1. Medical Beds
1.2. Bathroom & Toilet Assist Devices
1.3. Reading Writing & Computer Aids
2. Mobility Equipment
2.1. Wheelchairs & Scooters
2.2. Walking Assist Devices
3. Exercise Equipment
3.1. Lower Body Exercise Equipment
3.2. Upper Body Exercise Equipment
4. Body Support Devices
4.1 Patient Lifts
4.2 Medical Lifting Slings
Based on the product, Mobility equipment, daily living aids, body support devices, and exercise equipment make up the four product categories that make up the rehabilitation equipment market. The mobility equipment category dominated the total market in 2016 with a 37.1% market share. This market segment is anticipated to continue to dominate over the forecast period due to the expanding geriatric and disabled populations around the world. Wheelchairs, scooters, and walking assistance devices are further categorised into mobility devices. The most fundamental form of mobility aid is a walking aid, and because they are inexpensive and simple to use, the target audience prefers them.
During the projection period, daily living aids are anticipated to be the second-largest product type segment.
by Application
1. Physiotherapy
2. Occupational Therapy
according to the application Occupational therapy and physiotherapy are the two applications that make up the market for rehabilitation equipment. The exercise equipment used in the rehabilitation of patients after trauma or the beginning of degenerative diseases is included in the physiotherapy sector. The approach used in occupational therapy is more comprehensive.
The market is anticipated to grow throughout the projected period as a result of factors such an ageing population, shifting lifestyles, an increase in the number of physiotherapy clinics, and advantageous healthcare changes. In addition, growing demand in emerging economies and technological developments like the creation of implanted pain management technologies, exoskeletons, robots, and virtual reality are important drivers of rehabilitation equipment in physiotherapy. A person’s physical strength and mobility can be enhanced, preserved, and restored by physiotherapy using a range of techniques.
by End-use
1. Hospitals & Clinics
2. Rehab Centers
3. Home Care Settings
4. Physiotherapy Centers
The rehabilitation devices market is segmented by end-use into hospitals and clinics, rehabilitation centres, home care settings, and physiotherapy centres. Hospitals made up roughly 35.1% of the total in 2022. As a result of hospitals’ huge patient populations, this market is anticipated to expand significantly during the forecast period.
Due to growing physiotherapy awareness, technological improvements in physiotherapy centres, and the rising incidence of noncommunicable diseases including arthritis and Parkinson’s disease, rehab centres’ revenue is anticipated to expand throughout the forecast period. Over the course of the projected period, it’s anticipated that the penetration of rehab centres would rise in emerging economies.
Home care facilities and physical therapy clinics accounted for approximately.
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Key Players: The following are the key players of the Rehabilitation Equipment market –
1. Baxter International (US)
2. Invacare Corporation (US)
3. Amigo Mobility International (US)
4. Argo Medical (US)
5. Medline Industries (US)
6. Coalfax (US)
7. Dynatro nics Corporation (US)
8. Access Rehabilitation Group (US)
9. Drive DeVilbiss Healthcare (US)
10. GF HEALTH PRODUCTS (US)
11. Stryker (US)
12. Carex Health Brands (US)
13. Esko Bionics (US)
14. Maddak, Inc (US)
15. Roma Medical (UK)
16. Drive DeVilbiss Healthcare (UK)
17. Handicare Group AB (Sweden)
18. Hospital Equipment Mfg. Co. (India)
19. India Medico Instruments (India)
20. Changzhou Qian Jing Rehabilitation equipment (China)
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Regional Analysis:
The region portion of the research also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Data points such as downstream and upstream value chain analysis, technological trends and porter’s five forces analysis, and case studies are only a few of the indicators utilized to anticipate the market scenario for different nations.
COVID-19 Impact Analysis on Rehabilitation Equipment market : The report also discusses how COVID-19 affected the Rehabilitation Equipment market .
Key Questions Answered in the Rehabilitation Equipment market Report are:
- What will be the CAGR of the Rehabilitation Equipment market during the forecast period (2022-2029)?
- Which segment emerged as the leading segment in the Rehabilitation Equipment market ?
- Which are the prominent players in the Rehabilitation Equipment market ?
- What key trends are likely to emerge in the Rehabilitation Equipment market in the forecast period?
- What will be the Rehabilitation Equipment market size by 2029?
- Which company held the largest share in the Rehabilitation Equipment market in 2020?
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