Global Rehabilitation Equipment Market Analysis Report 2022-2027: Integration of IoT in Rehabilitation Equipment, Growth Potential in Emerging Countries, & Growing Focus on Organic Growth Strategies - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Dec 2, 2022--

The "Rehabilitation Equipment Market by Product (Medical Bed, Mobility Scooter, Walker, Crutcher, Cane, Patient Lift, Sling), Application (Physical, OT, Lower-body Exercise Equipment), End User (Rehabilitation & Physiotherapy Center) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global rehabilitation equipment market is projected to reach USD 19.8 billion by 2027 from USD 14.9 billion in 2022, at a CAGR of 5.9% during the forecast period

Increasing geriatric population and obese populations, increasing chronic diseases, high risk of injuries to caregivers during the manual handling of patients, and increasing demand for rehabilitation care, owing to an increased access to healthcare are the key driving factors in the market. However, a lack of awareness and access to rehabilitation services in emerging countries is a major factor restraining market growth.

Therapy equipment was the largest and fastest-growing segment in the product segment of rehabilitation equipment market in 2021

Based on product, the rehabilitation equipment market is segmented into therapy equipment, daily living aids, mobility equipment, exercise equipment, and body support devices.

In 2021, the therapy equipment segment accounted for the largest share of the rehabilitation equipment market. The large share of this segment can primarily be attributed to the increasing incidence of various injuries and chronic conditions that are driving the demand for rehabilitation therapies.

Physical rehabilitation & training segment is the largest application segment in the rehabilitation equipment market in 2021

Based on application, the rehabilitation equipment market is segmented into strength, endurance, and pain reduction; physical rehabilitation & training; and occupational rehabilitation & training.

In 2021, the Physical rehabilitation & training segment accounted for the largest share of the rehabilitation equipment market. Physical rehabilitation procedure involves exercises, cold and heat treatments, massages, and stretching. The demand for is physical rehabilitation and training is increasing owing to the rising incidence of degenerative joint disorders, sports injuries, and cerebrovascular diseases.

The hospital and clinics segment is the largest end-user segment in the rehabilitation equipment market in 2021

Based on end users, the rehabilitation equipment market is segmented into hospitals & clinics, rehabilitation centers, physiotherapy centers, home care settings, and other end users.

In 2021, the hospitals and clinics segment accounted for the largest share of the rehabilitation equipment market. The increasing prevalence of diseases/conditions requiring hospital-based treatment, such as cardiovascular disease and fall-related injuries, is a major factor driving the demand for rehabilitation equipment among hospitals and clinics.

Europe leads the rehabilitation equipment market by region

Europe accounted for the largest share of the global rehabilitation equipment market. Europe comprises Germany, the UK, France, Italy, Spain, and the Rest of Europe (including Sweden, Switzerland, Turkey, the Netherlands, Norway, Poland, Portugal, Romania, Denmark, Estonia, Finland, Austria, Belgium, and Russia).

Economically stable and technologically advanced countries such as Germany, the UK, and France are the major contributors to the rehabilitation equipment market in Europe. The Asia Pacific market is projected to register the highest CAGR during the forecast period. Market growth in the Asia Pacific is attributed to the growing number of healthcare facilities and increasing healthcare expenditures.

Key players in the Rehabilitation Equipment Market

The key players operating in the rehabilitation equipment market include Baxter International (US), Invacare Corporation (US), Medline Industries, LP (US), Arjo (Sweden).

Premium Insights

• Rising Geriatric & Obese Populations to Drive Market Growth
• Therapy Equipment Segment Accounted for the Largest Share of the APAC Market in 2020
• India to Register the Highest Growth During the Forecast Period
• Europe to Dominate the Rehabilitation Equipment Market in 2026
• Developing Markets to Register Higher Growth During the Forecast Period

Market Dynamics

Market Drivers

• Increasing Incidence of Chronic Diseases
• Increasing Demand for Rehabilitation Care with Expanding Access to Healthcare
• Rising Geriatric and Obese Populations
• Risk of Injuries to Caregivers while Handling Patients Manually

Market Restraints

• Lack of Awareness and Access to Rehabilitation Services in Emerging Markets

Opportunities

• Growth Potential in Emerging Countries
• Rising Demand for Home Healthcare Services

Challenges

• Reimbursement Issues
• Persistent Difficulties in Handling Bariatric Patients

Industry Trends

• Growing Focus on Organic Growth Strategies
• Integration of IoT in Rehabilitation Equipment

Regulatory Analysis

• North America
• US: Regulatory Process for Medical Devices
• Canada
• Europe
• Asia-Pacific
• Japan: Classification of Medical Devices and the Reviewing Body
• China
• Nmpa Medical Devices Classification
• India

Company Profiles

Key Players

• Invacare Corp.
• Medline Industries, Lp
• Arjo
• Baxter International (Hill-Rom Holdings)
• Dynatronics Corp.
• Handicare Group Ab
• Colfax Corp. (Enovis Corp.)
• Drive Devilbiss International
• Etac Ab
• Carex Health Brands (A Subsidiary of Compass Health Brands)
• Roma Medical
• Caremax Rehabilitation Equipment Co. Ltd.
• Gf Health Products Inc.
• Joerns Healthcare LLC
• Prism Medical UK Ltd.
• Guldmann
• Ez Way Inc.
• Linet
• Antano Group
• Ossenberg GmbH
• Winncare

Other Players

• Sunrise Medical LLC
• Tecnobody
• Proxomed
• Enraf-Nonius

For more information about this report visit https://www.researchandmarkets.com/r/7x32jx

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INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES PHYSICAL THERAPY

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