The global demand for Rehabilitation Equipment Market is presumed to reach the valuation of nearlyUSD 24.52 BN by 2030 from USD 15.5 BN in 2022 with a CAGR of 5.9% under the study period of 2023-2030.
Rehabilitation, is also known as physiatry, is a branch of medical science that aims to facilitate the process of recovery from illness or injury to the normal condition. This injuries or illness are related to muscles, ligaments, bones, and nervous system. The treatment basically looks after by the physiatrist who specializes in the field of restoring optimal function to people with the help of physiotherapy therapy and counseling.
Market Dynamics
The growing incidence of disabilities and favorable healthcare reforms are driving market growth. Rising prevalence of chronic diseases and the rapidly growing geriatric population base rate is again boosting the market growth. On the other hand, high costs and maintenance expenses of rehabilitation equipment may hamper the market growth. Whereas, advancements in technology such as the development of smart accessible gadgets is likely to offer an opportunity over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of rehabilitation equipment.
Market Segmentation
The entire rehabilitation equipment market has been sub-categorized into product type, application, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Daily Living Aids (Medical Beds, Bathroom & Toilet Assist Devices, Reading Writing & Computer Aids)
- Mobility Equipment (Wheelchairs & Scooters, Walking Assist Devices)
- Exercise Equipment (Lower Body Exercise Equipment, Upper Body Exercise Equipment)
- Body Support Devices (Patient Lifts, Medical Lifting Slings)
By Application
- Physiotherapy
- Occupational Therapy
By End-use
- Hospitals & Clinics
- Rehab Centers
- Home Care Settings
- Physiotherapy Centers
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for rehabilitation equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Rehabilitation Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Rehabilitation Equipment market include Invacare Corporation, Medline Industries Inc., Dynatronics Corporation, Drive Devilbiss Healthcare, Esko Bionics, Caremax Rehabilitation Equipment Ltd., GF Health Products, Inc., Hospital Equipment Mfg. Co., Maddak Inc., India Medico Instruments. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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