The Global Rehabilitation Equipment Market size is expected to reach $32.3 billion by 2029, rising at a market growth of 7.4% CAGR during the forecast period.
Rehabilitation equipment refers to any medical gadget used to aid in physical rehabilitation. These items include therapeutic machines, workout machines, and assistive devices. This apparatus is intended to assist those with physical limitations, injuries, or chronic illnesses in regaining coordination, strength, and mobility. Moreover, they can be utilized to alleviate discomfort and promote independence.
As chronic diseases like rheumatoid arthritis, Parkinson's disease, multiple sclerosis, and a number of others are becoming more common, the need for rehabilitation equipment has grown around the world. This is the main thing that makes the market grow. Chronic diseases can result in physical impairments and disabilities that can only be treated through rehabilitation services. In addition, the increase in the senior population affected by osteoarthritis is a major contributor to the expansion of the rehabilitation equipment market.
The manual handling of impaired people may cause caretakers to sustain significant musculoskeletal injuries. As caregivers must reach over the stretcher to the bed and manually lift the patient onto the stretcher during lateral transfer, the risk of back injuries increases. This movement pulls caregivers into a difficult spot, which might result in musculoskeletal pain.
Direct costs include money related to the treatment of injury and the total number of man-days lost from work. In contrast, indirect costs are difficult to quantify and include the impaired function of caregivers.
Even months after sustaining a work-related injury, workers in healthcare institutions continue to experience considerable discomfort. In addition, there are typically no measures for replacing wounded staff immediately, which negatively impacts patient care. Hence, fewer caregivers must move and carry the same number of patients, which affects the quality of care, particularly for patients with mobility issues. This, in turn, leads to a rise in the length of hospital stays, which increases the entire cost of healthcare.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Invacare Corporation, Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., Baxter International, Inc., Medline Industries, Inc., GF Health Products, Inc., Drive DeVilbiss Healthcare (Medical Depot, Inc.), Roma Medical Aids Limited, Hospital Equipment Mfg. Co. and Caremax Rehabilitation Equipment Co. Ltd.
Rehabilitation equipment refers to any medical gadget used to aid in physical rehabilitation. These items include therapeutic machines, workout machines, and assistive devices. This apparatus is intended to assist those with physical limitations, injuries, or chronic illnesses in regaining coordination, strength, and mobility. Moreover, they can be utilized to alleviate discomfort and promote independence.
As chronic diseases like rheumatoid arthritis, Parkinson's disease, multiple sclerosis, and a number of others are becoming more common, the need for rehabilitation equipment has grown around the world. This is the main thing that makes the market grow. Chronic diseases can result in physical impairments and disabilities that can only be treated through rehabilitation services. In addition, the increase in the senior population affected by osteoarthritis is a major contributor to the expansion of the rehabilitation equipment market.
The manual handling of impaired people may cause caretakers to sustain significant musculoskeletal injuries. As caregivers must reach over the stretcher to the bed and manually lift the patient onto the stretcher during lateral transfer, the risk of back injuries increases. This movement pulls caregivers into a difficult spot, which might result in musculoskeletal pain.
Direct costs include money related to the treatment of injury and the total number of man-days lost from work. In contrast, indirect costs are difficult to quantify and include the impaired function of caregivers.
Even months after sustaining a work-related injury, workers in healthcare institutions continue to experience considerable discomfort. In addition, there are typically no measures for replacing wounded staff immediately, which negatively impacts patient care. Hence, fewer caregivers must move and carry the same number of patients, which affects the quality of care, particularly for patients with mobility issues. This, in turn, leads to a rise in the length of hospital stays, which increases the entire cost of healthcare.
COVID-19 Impact Analysis
The demand and production of rehabilitation equipment rise under the post-COVID scenario, boosting the total net income of businesses manufacturing and supplying rehabilitation equipment. Also, the market can expand due to the spike in demand for elderly and disabled assistance services. Thus, the market experienced a slowdown during the early stages of the pandemic due to the lockdown, which reduced the number of traffic accidents and sporting events. With the lifting of the restrictions and the growing geriatric population, the market is anticipated to grow during the post-pandemic period.Market Growth Factors
Surging prevalence of chronic diseases
Non-communicable diseases (NCDs) account for 41 million annual fatalities or 74% of all fatalities globally. According to estimates, 86% of these cases take place in low- and middle-income nations. Children, adults, and seniors are susceptible to NCD risk factors, including poor diets, inactivity, exposure to tobacco smoke, and problematic alcohol use. Hence, the prevalence of chronic disease, especially in low or middle-income countries, is expected to increase the usage of various rehabilitation equipment due to their usage for assisting patients in recovering or suppressing the difficulties faced due to chronic disease and propel the market growth.Rising demand for rehabilitation centers coupled with rising awareness
The importance of rehabilitation in healthcare has grown to retain the residual activities of those suffering from diseases. Rehabilitation or rehab centers offer facilities and services that include possibilities for education and training, rehabilitation for people with disabilities, and patient monitoring and evaluation. Additionally, they empower the disabled by assisting them in generating micro and macro earnings. Rehabilitations are person-oriented, meaning the interventions and methods chosen for each patient are determined by their preferences and goals. Rehabilitation facilities offer treatments that can aid patients in recovering from their chronic ailments.Market Restraining Factors
Limited access and awareness regarding rehabilitation
The expansion of the rehabilitation equipment market is anticipated to be constrained by a general lack of knowledge regarding the efficient use of these equipment. For instance, failing to receive the right care and rehabilitation after a stroke can seriously impact the body's functioning. Patients may completely ignore the symptoms of serious diseases due to this lack of awareness, which impacts how rehabilitation is used. This is a major issue in nations when a shortage of infrastructure and human resources worsens the consequences of this factor. As a result, the expansion of this market is being restricted due to the lack of accessibility to rehabilitation treatments.Product Type Outlook
Based on product type, the rehabilitation equipment market is segmented into mobility aids, daily living aids, exercise equipment and body support devices. The daily living aids segment acquired a substantial revenue share in the rehabilitation equipment market in 2022. This is due to the products used by physically challenged individuals, patients with physical restrictions, and patients recovering from surgery to help them complete everyday duties and activities. In addition, the need for daily living assistance is anticipated to rise in the upcoming years due to an increase in the number of patients with chronic diseases or Parkinson's disease.
Application Outlook
On the basis of application, the rehabilitation equipment market is divided into physiotherapy, occupational therapy and others. The physiotherapy segment held the highest revenue share in the rehabilitation equipment market in 2022. The growth is attributed to the factors like an aging population, changing lifestyles, an increase in the number of physiotherapy centers, and favorable healthcare reforms. Robotics, exoskeletons, implanted tech for pain treatment, and other technological advances are also big drivers of the rehabilitation equipment market in physiotherapy, as is a rising demand in emerging economies.End-user Outlook
By end user, the rehabilitation equipment market is classified into hospitals and clinics, rehabilitation centers and homecare settings. The hospitals & clinics segment witnessed the largest revenue share in the rehabilitation equipment market in 2022. This is owing to the fact that patients frequently need to stay in hospitals for longer periods of time before making a full recovery. Also, due to hospitals' huge patient populations, this segment is anticipated to increase significantly over the projected period.Regional Outlook
Region-wise, the rehabilitation equipment market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region registered the highest revenue share in the rehabilitation equipment market in 2022. The sharp increase in the number of sports-related injuries among the younger population in this region primarily drives the market. Also, the rise in the elderly population raises the need for rehabilitation tools such as mobility aids to regain stability and movement. Thus, the market for rehabilitative equipment is expected to grow in the North America region.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Invacare Corporation, Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., Baxter International, Inc., Medline Industries, Inc., GF Health Products, Inc., Drive DeVilbiss Healthcare (Medical Depot, Inc.), Roma Medical Aids Limited, Hospital Equipment Mfg. Co. and Caremax Rehabilitation Equipment Co. Ltd.
Recent Strategies Deployed in Rehabilitation Equipment Market
- Mar-2023: ReWalk Robotics Ltd. received FDA approval for ReWalk Personal Exoskeleton technology, an exoskeleton tech for stairs and curbs. The re-walk device improves access to a wider range of activities of daily living including walking up the steps to reach a friend's home or stepping over a curb at a time during a neighborhood walk.
- Dec-2022: Ekso Bionics acquired Human Motion and Control Business Unit from Parker Hannifin Corporation, a company specializing in motion and control technologies. This acquisition consists of the Indego lower limb exoskeleton series of products and also the planned development of robotic-assisted orthotic and prosthetic devices. Moreover, this acquisition broadens Ekso’s product portfolio in the continuum of care to home and community use markets.
- May-2022: Invacare Corporation rolled out Birdie Evo XPLUS, an advanced patient lift solution for the post-care setting. The launched product offers advanced technology that helps boost comfort and security when transferring or lifting a patient to or from a floor, chair, or bed.
- Mar-2022: Medline launched UNITE Ankle Fusion Plating System, an indication-specific titanium plating system. The product enhances an already strong implant suite and enables Medline to address every foot and ankle procedure requiring indication-specific plating.
- Mar-2022: Medline came into a distribution partnership with GripAble, a creator of a two-in-one hand and arm function assessment and training device with an interactive mobile technology platform. With this partnership, Medline would broaden its offering with advanced rehabilitation technology.
- Aug-2021: Invacare Corporation released the Invacare AVIVA STORM RX power wheelchair, creating a new standard for rear-wheel drive power mobility. The product is another step for its end-users and also further differentiates Invacare's product suite.
- May-2021: Ekso Bionics Holdings, Inc. partnered with Kindred Healthcare, LLC, a post-acute healthcare services company. Under this partnership, companies would bring EksoNR, the most clinically used robotic exoskeleton to four of Kindred’s Long-Term Acute Care Hospitals across the United States.
- Nov-2020: Invacare Corporation announced the launch of AVIVA FX - MPS Maxx Multi-Position Power Standing System. The product provides smooth, stable, and comfortable rides with a small turning radius for the new 4Sure Suspension System and indoor navigation developed to conquer outdoor obstacles.
- Jun-2020: GF Health Products, Inc. took over Gendron, a company engaged in designing and manufacturing medical equipment. This acquisition would enhance Graham-Field’s production and commercialization in the long-term care, acute care, rehabilitation, and homecare markets. Moreover, the acquisition enables Graham-Field to offer a combined system of products to assist in the care of the bariatric patient and residents.
- Jul-2018: Medline completed the acquisition of NeuroGym Technologies, a maker of therapy and rehabilitation equipment. Through this acquisition, Medline enhances its dedication to delivering advanced and effective solutions to post-acute healthcare providers across North America.
Scope of the Study
By Application
- Physiotherapy
- Occupational Therapy
- Others
By Product Type
- Mobility Aids
- Wheelchairs
- Scooters
- Walking Aids
- Daily Living Aids
- Medical Beds
- Bathroom, Toilet Assist Devices & Others
- Exercise Equipment
- Upper Body Exercise Equipment
- Lower Body Exercise Equipment
- Body Support Devices
- Patient Lifts
- Medical Lifting Slings
By End-user
- Hospitals & Clinics
- Rehabilitation Centers
- Homecare Settings
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Invacare Corporation
- Ekso Bionics Holdings, Inc.
- ReWalk Robotics Ltd.
- Baxter International, Inc.
- Medline Industries, Inc.
- GF Health Products, Inc.
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Roma Medical Aids Limited
- Hospital Equipment Mfg. Co.
- Caremax Rehabilitation Equipment Co. Ltd.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. Global Rehabilitation Equipment Market by Application
Chapter 5. Global Rehabilitation Equipment Market by Product Type
Chapter 6. Global Rehabilitation Equipment Market by End User
Chapter 7. Global Rehabilitation Equipment Market by Region
Chapter 8. Company Profiles
Companies Mentioned
- Invacare Corporation
- Ekso Bionics Holdings, Inc.
- ReWalk Robotics Ltd.
- Baxter International, Inc.
- Medline Industries, Inc.
- GF Health Products, Inc.
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Roma Medical Aids Limited
- Hospital Equipment Mfg. Co.
- Caremax Rehabilitation Equipment Co. Ltd.
Methodology
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