Global Rehabilitation Equipment Market Key Player, Trends, Analysis And Forecast

MarketsandMarkets Research Report’s View on Revenue Impact?

The Global Rehabilitation Equipment Market is projected to reach USD 16.6 billion by 2025 from USD 12.9 billion in 2020, at a CAGR of 5.2%.

Factors Responsible for Growth and In-Depth Analysis?

The growth in Rehabilitation Equipment Market is primarily driven by the increasing incidence of chronic diseases and the rising geriatric population. In addition, emerging markets such as China and India are expected to offer significant growth opportunities for players in the rehab equipment market during the forecast period. However, a lack of awareness and access to rehabilitation services in emerging markets is expected to restrain market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194775519

Leading Key Players and Analysis:

Some of the prominent players from Rehabilitation Equipment Market includes Invacare Corporation (US), Medline Industries, Inc. (US), Hill-Rom Services Inc. (US), Dynatronics Corporation (US), Drive DeVilbiss Healthcare (US), DJO Global, Inc. (US), Carex Health Brands, Inc. (US), Roma Medical (UK), Caremax Rehabilitation Equipment Co., Ltd. (China), GF Health Products, Inc. (US), Etac AB (Sweden), Joerns Healthcare (US), Prism Medical UK (UK), EZ Way, Inc. (US), TecnoBody (Italy), Proxomed (Germany).

Hill-Rom Holdings Services Inc. (US) provides a wide range of rehabilitation equipment such as patient lifts, medical beds, and accessories. The company majorly focuses on R&D investments for the continuous development and upgradation of its products. In 2018, the company invested USD 0.14 billion in R&D activities. The company’s constant focus on innovation helps it in enhancing its product offerings and marking its presence in the rehabilitation equipment market.

Geographical Analysis in Detailed?

The Europe accounted for the largest share of the market. Factors such as supportive government initiatives for safe patient handling, rising geriatric population, and the high burden of chronic conditions are driving the growth of the European market. On the other hand, the market in the Asia Pacific is projected to register the highest CAGR during the forecast period. This can be attributed to the growing prevalence of chronic conditions, increasing venture capital investments, availability of technologically advanced products, and strategic expansion of market players in this region.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=194775519

Industry Segmentation:

The physical rehabilitation and training segment is expected to grow at the highest CAGR during the forecast period

On the basis of application, the rehabilitation equipment market is segmented into strength, endurance, and pain reduction; physical rehabilitation and training; and occupational rehabilitation and training. The physical rehabilitation and training segment is projected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to the increasing incidence of sports injuries, degenerative joint disorders, and cerebrovascular diseases.

The therapy equipment segment accounted for the largest market share in 2019

Based on product, the rehabilitation equipment market is segmented into therapy equipment, daily living aids, mobility equipment, exercise equipment, and body support devices. The therapy equipment segment accounted for the largest share of the market in 2019. This segment is also projected to register the highest growth rate during the forecast period. The growth of this segment is primarily attributed to the increasing incidence of various injuries and chronic conditions.

The hospitals and clinics segment accounted for the largest share of the end-user market in 2019

Based on end user, the rehabilitation equipment market is segmented into hospitals and clinics, rehabilitation centers, physiotherapy centers, home care settings, and other end users. In 2019, the hospitals and clinics segment accounted for the largest market share. The large share of this segment can primarily be attributed to the supportive reimbursement policies for hospital-based treatment and the large volume of patients undergoing treatments for various health conditions at hospitals.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=194775519

Research Insights on Rehabilitation Equipment Market Share, Size and Analysis Report

According to the new market research report “Rehabilitation Equipment Market by Type (Mobility (Wheelchair, Assist Device), Body Support (Lift, Sling), Exercise (Upper, Lower Body), Living Aids (Reading, Writing)), Application (Physiotherapy, OT), End User (Hospital, Clinic, Home Care) — Forecast”, published by MarketsandMarkets™.

Major Market Developments:

• In February 2017, Invacare upgraded the K series of its pioneering brand Küschall. The new active chair Küschall Champion SK is a sleek, smart, and lightweight folding wheelchair.
• In December 2016, Medline partnered with ViaQuest, Inc. (U.S.) to deliver ViaQuest Home Health and Hospice patient supplies across Indiana, Ohio, and Pennsylvania.
• In January 2017, Drive DeVilbiss Healthcare acquired Sidhil Group Limited (U.K.), a leading provider to homecare, acute care, and long-term care settings. This acquisition will expand Drive’s existing manufacturing capabilities in the U.K. while adding significant manufacturing expertise to the European platform.

Request for Sample Report @https://www.marketsandmarkets.com/requestsampleNew.asp?id=194775519

Home Care Settings

Home care is primarily targeted at patients recovering after a hospital stay or those who need additional support to avoid unnecessary hospitalization. The rehabilitation equipment used in home care settings include medical beds, patient lifts, power-operated vehicles like wheelchairs and scooters, and bathing and wound care equipment & accessories.

Major Drivers For Rehabilitation Equipment Market:

• Increasing Incidence of Disabilities
• Favorable Healthcare Reforms
• Rapid Growth in Geriatric Population
• Technological Advancements

Increasing incidence of disabilities and rapid growth in the geriatric population are the major drivers for the market.

The key causes of disabilities are non-communicable diseases and injuries such as sports injuries, trauma cases and various other injuries. Non-communicable diseases (NCDs) or chronic diseases are generally of long duration and slow progression. There are four major types of NCDs — cardiovascular disease (such as heart attacks and stroke), cancers, chronic respiratory disease (such as chronic obstructive pulmonary disease and asthma), and diabetes. NCDs are considered the leading cause for preventable disabilities such as paralysis and mental disorders among the patients.

Browse and in-depth TOC on “Rehabilitation Equipment Market”

154 — Tables

31 — Figures

162 — Pages

Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194775519

The following are the major objectives of the study

• To define, describe, and forecast the Rehabilitation Equipment Market on the basis of type, application, and end user
• To provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the overall market
• To forecast the size of the market segments with respect to four main regions, namely, North America, Asia-Pacific, Europe, and the Rest of the World (RoW)

The Rehab Equipment Market is highly fragmented with the presence of several small and large players. Some of the prominent players in this market are Invacare Corporation (US), Medline Industries, Inc. (US), Dynatronics Corporation (US), Drive DeVilbiss Healthcare (US), Changzhou Qian Jing Rehabilitation Co., Ltd. (China)

The Rehabilitation Equipment Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Europe dominated the market, followed by North America. Factors such as supportive government initiatives for safe patient handling, growth in geriatric population, and the presence of a large number of players in Europe are driving the growth of the European market.