The rehabilitation equipment market was valued at $19.50 Billion in 2021 and is estimated to reach $41.29 Billion by 2031, exhibiting a CAGR of 7.7% from 2022 to 2031. Rehabilitation is a process of helping an individual to recover from an injury, illness, or addiction. It typically involves physical, mental, and emotional therapies and treatments that help the person to regain their physical and psychological health. Rehabilitation equipment is any type of device or tool that is designed to help individuals who have suffered from an injury, illness, or disability to regain strength, mobility, and independence. This equipment can range from simple items such as walkers and canes to more complex items such as treadmills and elliptical machines. Rehabilitation equipment can also include equipment that are used in physical therapy such as balance boards, exercise balls, and resistance bands which can help with physical rehabilitation, strengthening, and conditioning. Additionally, rehabilitation equipment can also include wheelchairs and powerchairs, which can help individuals with physical disabilities or impairments to improve their mobility and independence.
The key factor that drives the growth of the rehabilitation equipment market is the increase in the prevalence of chronic diseases such as arthritis and Parkinson’s disease, and the surge in the geriatric population. For instance, according to the Parkinson Foundation in 2021, Parkinson's is the second-most common neurodegenerative disease after Alzheimer's disease and about 90,000 people in the U.S. are diagnosed with Parkinson's disease each year. In addition, according to EClinicalMedicine, 2020, it was estimated that about 22% of adults around the world who are aged above 40 years have knee osteoarthritis. Thus, rapid growth in the geriatric population and the rise in the prevalence of chronic diseases such as osteoarthritis and Parkinson’s disease boost the growth of the market.
However, the high cost of rehabilitation equipment hampers the market growth. Conversely, increased investments in R&D for the development of rehabilitation equipment such as walkers, wheelchairs and canes, as well as increased technological advancements and modernization in the healthcare industry are projected to open up new market potential for rehabilitation equipment and are expected to provide lucrative opportunity for the growth of the market during the forecast period.
The rehabilitation equipment market is segmented on the basis of product type, application, end-user, and region. By type, the market is classified into daily living aids, exercise equipment, body support devices and mobility aids. By application, it is divided into physiotherapy, occupational therapy, and others. By end user, the market is categorized into hospitals, rehabilitation centers, and home care. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America accounted for a majority of the rehabilitation equipment market share in 2021 and is anticipated to remain dominant during the forecast period. The rehabilitation equipment market is mainly driven by well-established healthcare facilities for medical devices, the surge in the geriatric population, and the rise in the prevalence of arthritis, Parkinson’s disease, and musculoskeletal disorders.
Furthermore, the rise in technologically advanced rehabilitation equipment such as personal mobility devices is expected to fuel market growth. Asia-Pacific is expected to register the fastest CAGR during the forecast period. This is due to the increase in the prevalence of orthopedic and neurological disorders, the rise in the geriatric population, and the increase in awareness about physical rehabilitation. Furthermore, an increase in investments in healthcare infrastructure contributes toward the growth of the rehabilitation equipment market in the Asia-Pacific. The governments of various countries in the region are investing heavily in healthcare infrastructure and promoting the development of advanced rehabilitation equipment. Thus, an increase in investments in healthcare infrastructure contributes toward the growth of the rehabilitation equipment market in the region.
The key players that operate in the rehabilitation equipment market include Medline Industries Inc., Invacare Corporation, Ekso Bionics, GF Health Products, Inc., Caremax Rehabilitation Equipment Co. Ltd, Baxter International Inc., and Hospital Equipment Mfg. Co, Roma Medical, ReWalk Robotics, and Drive DeVilbiss Healthcare.
The key factor that drives the growth of the rehabilitation equipment market is the increase in the prevalence of chronic diseases such as arthritis and Parkinson’s disease, and the surge in the geriatric population. For instance, according to the Parkinson Foundation in 2021, Parkinson's is the second-most common neurodegenerative disease after Alzheimer's disease and about 90,000 people in the U.S. are diagnosed with Parkinson's disease each year. In addition, according to EClinicalMedicine, 2020, it was estimated that about 22% of adults around the world who are aged above 40 years have knee osteoarthritis. Thus, rapid growth in the geriatric population and the rise in the prevalence of chronic diseases such as osteoarthritis and Parkinson’s disease boost the growth of the market.
However, the high cost of rehabilitation equipment hampers the market growth. Conversely, increased investments in R&D for the development of rehabilitation equipment such as walkers, wheelchairs and canes, as well as increased technological advancements and modernization in the healthcare industry are projected to open up new market potential for rehabilitation equipment and are expected to provide lucrative opportunity for the growth of the market during the forecast period.
The rehabilitation equipment market is segmented on the basis of product type, application, end-user, and region. By type, the market is classified into daily living aids, exercise equipment, body support devices and mobility aids. By application, it is divided into physiotherapy, occupational therapy, and others. By end user, the market is categorized into hospitals, rehabilitation centers, and home care. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America accounted for a majority of the rehabilitation equipment market share in 2021 and is anticipated to remain dominant during the forecast period. The rehabilitation equipment market is mainly driven by well-established healthcare facilities for medical devices, the surge in the geriatric population, and the rise in the prevalence of arthritis, Parkinson’s disease, and musculoskeletal disorders.
Furthermore, the rise in technologically advanced rehabilitation equipment such as personal mobility devices is expected to fuel market growth. Asia-Pacific is expected to register the fastest CAGR during the forecast period. This is due to the increase in the prevalence of orthopedic and neurological disorders, the rise in the geriatric population, and the increase in awareness about physical rehabilitation. Furthermore, an increase in investments in healthcare infrastructure contributes toward the growth of the rehabilitation equipment market in the Asia-Pacific. The governments of various countries in the region are investing heavily in healthcare infrastructure and promoting the development of advanced rehabilitation equipment. Thus, an increase in investments in healthcare infrastructure contributes toward the growth of the rehabilitation equipment market in the region.
The key players that operate in the rehabilitation equipment market include Medline Industries Inc., Invacare Corporation, Ekso Bionics, GF Health Products, Inc., Caremax Rehabilitation Equipment Co. Ltd, Baxter International Inc., and Hospital Equipment Mfg. Co, Roma Medical, ReWalk Robotics, and Drive DeVilbiss Healthcare.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the rehabilitation equipment market analysis from 2021 to 2031 to identify the prevailing rehabilitation equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the rehabilitation equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global rehabilitation equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Mobility Aids
- Type
- Wheelchairs
- Scooters
- Walking Aids
- Daily Living Aids
- Type
- Medical Beds
- Bathroom and Toilet Assist Devices
- Others
- Exercise Equipment
- Type
- Upper Body Exercise Equipment
- Lower Body Exercise Equipment
- Body Support Devices
- Type
- Patient Lifts
- Medical Lifting Slings
By Application
- Others
- Physiotherapy
- Occupational Therapy
By End User
- Hospitals and Clinics
- Rehabilitation centers
- Homecare Settings
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- GF Health Products, Inc.
- ReWalk Robotics Ltd.
- Medical Depot, Inc.
- Roma Medical
- Hospital Equipment Mfg. Co.
- Medline Industries, LP
- Baxter International Inc.
- Caremax Rehabilitation Equipment Co. Ltd
- Invacare Corporation
- Ekso Bionics
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: REHABILITATION EQUIPMENT MARKET, BY PRODUCT TYPE
CHAPTER 5: REHABILITATION EQUIPMENT MARKET, BY APPLICATION
CHAPTER 6: REHABILITATION EQUIPMENT MARKET, BY END USER
CHAPTER 7: REHABILITATION EQUIPMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- GF Health Products, Inc.
- ReWalk Robotics Ltd.
- Medical Depot, Inc.
- Roma Medical
- Hospital Equipment Mfg. Co.
- Medline Industries, LP
- Baxter International Inc.
- Caremax Rehabilitation Equipment Co. Ltd
- Invacare Corporation
- Ekso Bionics
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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