The global rehabilitation equipment market is expected to witness sustained growth due to the rising incidences of degenerative diseases such as Parkinson’s, arthritis, etc. and a growing number of patients suffering from trauma who need rehabilitation therapy. In addition, a growing geriatric population is also likely to spur market growth during the assessment period. There is a pressing need for devices that provide assistance to the physically challenged people across the globe. Moreover, since manufacturers have established excellent channels of communication with the needy population of such devices, innovation in the rehabilitation equipment market has also increased to a new level. Also, governments across the world are providing support and subsidies for rehabilitation equipment which is also likely to boost the demand for such kind of equipment. Moreover, favorable reimbursement policies in the developed markets of the West are expected to stimulate market growth as well.
The global rehabilitation equipment market is slated to touch a value of about US$ 13,400 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
4 Forecast Highlights on Global Rehabilitation Equipment Market
- As per the forecast of Persistence Market Research, the mobility equipment product type segment is slated to touch a value of more than US$ 3,900 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The mobility equipment product type segment is estimated to account for more than one-fourth of the revenue share of the product type segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
- As per the forecast of Persistence Market Research, the rehabilitation centers segment will reach a value of about US$ 3,350 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The rehabilitation centers segment is forecasted to account for nearly one-third of the total revenue share of the end user segment by the end of the year 2017 and is expected to lose in market share by 2022 as compared with the year 2017.
- As per the forecast of Persistence Market Research, the physiotherapy segment is slated to reach a value of more than US$ 9,800 Mn in 2022. The physiotherapy segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the Europe region in the physiotherapy segment.
- Persistence Market Research forecasts the Germany rehabilitation equipment market to exhibit a compound annual growth rate (CAGR) of nearly 6% from 2017 to 2022.
The report has also included the profiles of some of the leading companies in the rehabilitation equipment market like Caremax Rehabilitation Equipment Co. Ltd, Drive Devilbiss Healthcare, Invacare Corporation, GF Health Products, Inc., Roscoe Medical, Medline Industries, Inc., Roma Medical Aids Ltd., and Dynatronics Corporation.
The next part of the report consists of the global rehabilitation equipment market analysis and forecast by product type, end user, application and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global rehabilitation equipment market is also analyzed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
The last part of the report contains the competition landscape, where important companies that are functioning in the global rehabilitation equipment market are profiled in detail. The information presented in the competition landscape is in the form of company overview, overview of the products that the particular company is selling, financial information of the company and important developments that are related to that particular company. In the competition landscape, SWOT analysis of the selected companies is also given, which gives deep insights about the functioning of the selected companies. The competition landscape is a valuable part of the global rehabilitation equipment market report as it gives information about how the important companies stay at the pole position in this market and implement strategies to stay on top in this highly competitive market.
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Persistence Market Research uses a proven and tested research methodology to derive the revenue estimates of the global rehabilitation equipment system market. A deep and comprehensive secondary research is carried out in order to arrive at the overall market size and determine the top industry players. Subsequently, a list of industry players (manufacturers), distributors, retailers and industry experts is developed and a discussion guide for detailed and comprehensive primary interviews is also developed. Data obtained from this primary and secondary research is validated using the triangulation method. This data is then inspected using advanced tools to get pertinent insights into the global rehabilitation equipment market.
- Daily Living Aids
- Mobility Equipment
- Exercise Equipment
- Body Support Devices
- Hospitals & Clinics
- Rehabilitation Centers
- Home Care Settings
- Physiotherapy Centers
- Occupational Therapy
- North America
- Latin America
- Asia Pacific excluding Japan
- Middle East and Africa