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The global rehabilitation equipment market size is estimated to grow by USD 3.67 billion at a CAGR of 4.44% between 2023 and 2028. There has been an increasing awareness and acceptance of rehabilitation in the global rehabilitation equipment market. Behavioral rehabilitation, which focuses on restoring function and improving the quality of life for individuals with disabilities or injuries, is now recognized as an essential part of healthcare. This shift in awareness and acceptance has led to significant advancements and growth in the global rehabilitation equipment market. One of the key factors driving this awareness and acceptance is the recognition of the benefits of rehabilitation robots in improving patient outcomes. Healthcare professionals and policymakers have come to understand that rehabilitation plays a crucial role in helping individuals regain independence, maximize their functional abilities, and improve their overall well-being. Also, governments and organizations have also taken steps to implement inclusive policies and infrastructure to support rehabilitation, further contributing to the acceptance of rehabilitation as an integral part of healthcare. Thus, such factors are expected to increase the demand for rehabilitation equipment, which will propel the growth of the global rehabilitation equipment market during the forecast period.
Technavio has segmented the market into Application, End-user and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
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The market share growth by the physical rehabilitation and training segment will be significant during the forecast period. The global rehabilitation equipment market encompasses a wide range of tools and resources utilized for physical rehabilitation and training purposes. These devices cater to individuals recovering from injuries, surgery, stroke, or other physical impairments, as well as athletes and fitness enthusiasts seeking to enhance their physical performance with the help of fitness trackers.
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The physical rehabilitation and training segment was the largest and was valued at USD 6.61 billion in 2018. The physical rehabilitation and training segment in the global rehabilitation equipment market encompasses therapeutic exercise equipment such as balance training tools, therapy balls, and stretching equipment and massaging equipment. These tools aid in improving coordination, balance, and flexibility, which is essential for both rehabilitation and athletic training programs. For instance, therapy balls are widely used in rehabilitation settings to facilitate core strengthening and improve stability, while balance training tools like wobble boards are utilized to enhance proprioception and reduce the risk of falls among patients undergoing rehabilitation. Thus, the above-mentioned advantages are expected to propel the growth of the physical rehabilitation and training segment in the global rehabilitation equipment market during the forecast period.
The hospitals and clinics segment plays a crucial role in the global rehabilitation equipment market. With a focus on providing comprehensive healthcare services and rehabilitation programs, hospitals and clinics are key players in the promotion of physical and functional recovery for individuals with disabilities or injuries. Hospitals and clinics also play a critical role in post-operative rehabilitation. Many medical institutions conduct studies and clinical trials to explore new treatment modalities and evaluate the efficacy of different rehabilitation equipment. By staying at the forefront of medical advancements, hospitals and clinics contribute to the continuous improvement and expansion of the global rehabilitation equipment market. Thus, the above-mentioned factors are expected to increase the demand for rehabilitation equipment and other medical devices in hospitals and clinics, which will propel the growth of the hospitals and clinics segment in the global rehabilitation equipment market during the forecast period.
The rehabilitation equipment market is experiencing a surge, as market growth analysis indicates increasing demand driven by an aging population. Comprehensive market research and growth studies reveal critical insights, while market growth and forecasting emphasize future trends. Market forecasting and the latest market forecast highlight the sector's promising potential for continued expansion.
Rehabilitation centers, also known as rehab facilities or rehab clinics, provide specialized programs and services to individuals recovering from various injuries, disabilities, or substance abuse disorders. This segment plays a crucial role in facilitating the physical, mental, and emotional recovery of patients, relying on a wide range of rehabilitation equipment to support their treatment plans. One example of a rehabilitation center is a physical therapy clinic where patients can access physiotherapy. Many centers collaborate with academic institutions and participate in clinical trials to evaluate the effectiveness of new treatment approaches and rehabilitation equipment. By staying at the forefront of advancements, rehab centers play a vital role in driving the evolution of the global rehabilitation equipment market and improving patient outcomes. Thus, the above-mentioned factors are expected to increase the demand for rehabilitation equipment in rehabilitation centers, which will propel the growth of the rehabilitation centers segment in the global rehabilitation equipment market during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The US dominated the rehabilitation equipment market in North America due to the wide presence of many established large hospitals specializing in cardiology that also offer rehabilitation programs. Presently, the region is witnessing a shifting preference toward outpatient and intensive cardiac rehabilitation (ICR) services. ICR is a rigorous rehabilitation program that continues for three to six months based on the patients health condition.
Moreover, the number of patients undergoing rehabilitation after such surgeries and heart attacks is increasing, which is primarily attributed to rising awareness among patients and the increasing presence of service providers. High per capita income and increased standards of living are encouraging the adoption of rehabilitation equipment in the US and Canada, which, in turn, is driving the growth of the rehabilitation equipment market in North America during the forecast period.
In 2020, the outbreak of COVID-19 negatively impacted the growth of the market in focus in North America. However, in 2021, owing to the large-scale vaccination drives and the restoration of operations in healthcare units, larger inflows of patients resuming routine health check-ups and treatments of health conditions in healthcare facilities were observed in North America. Thus, the higher demand for rehabilitation treatments from healthcare facilities will lead to an increased demand for rehabilitation equipment in the region. In addition, increasing CVD, technologically advanced healthcare systems, and their integration with cutting-edge technology such as AI and machine learning are expected to fuel the growth of the regional market in focus during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AliMed, Inc. - The company offers rehabilitation equipment such as arm and shoulder slings, clinic furnishing, pediatric seating and positioning.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges.
The high prevalence of CVD is notably driving the market growth. CVD is the leading cause of death globally. The prevalence of these diseases is high due to an unhealthy and sedentary lifestyle. The geriatric population is more prone to CVD as their heart functionality becomes weak. According to the World Health Organization, CVDs are the major cause of death across the world and account for about one-third of the total annual deaths. According to the CDC, in the US, approximately 610,000 people succumb to heart disease every year. Annually, sudden cardiac deaths occur in approximately 400 persons per million inhabitants in each country in Asia.
However, the prevalence of CVD is expected to increase significantly in the upcoming decade (by 2030) owing to a growing sedentary lifestyle. This will also increase awareness about cardiac rehabilitation to prevent the recurrence of diseases, which will lead to the growth of the global rehabilitation equipment market during the forecast period.
Integrating AI and machine learning (ML) into rehabilitation equipment is an emerging trend shaping the market growth. The integration of AI and ML into rehabilitation equipment is a driving force in the global rehabilitation equipment market. These advanced technologies have the potential to revolutionize the way rehabilitation is delivered and enhance patient outcomes. By leveraging AI and ML, rehabilitation equipment can become more intelligent, adaptive, and personalized, offering tailored interventions and improving the overall effectiveness of rehabilitation programs. AI and ML can also facilitate remote monitoring and telerehabilitation. With the integration of these technologies, rehabilitation equipment can transmit patient data and progress to healthcare professionals in real-time, allowing for remote assessment, adjustment of treatment plans, and ongoing support. This has significant implications, especially for individuals who have limited access to rehabilitation facilities or live in remote areas.
For instance, a patient recovering from a knee injury can utilize AI-powered sensors on their home exercise equipment, and their therapist can remotely monitor their progress and provide guidance and adjustments as needed. Thus, such factors are expected to increase the demand for rehabilitation equipment, which will propel the growth of the global rehabilitation equipment market during the forecast period.
Limited reimbursement and insurance coverage is a significant challenge hindering market growth. The global rehabilitation equipment market is facing challenges due to limited reimbursement and insurance coverage for rehabilitation equipment and equipment. This lack of financial support poses barriers to access and affordability for individuals in need of rehabilitation, impacting their ability to receive necessary care and hindering market growth. Understanding the reasons and consequences of limited reimbursement and insurance coverage is crucial for addressing these challenges and promoting equitable access to rehabilitation. The high costs associated with rehabilitation equipment, maintenance, and replacement investments can strain healthcare facilities' budgets, making it challenging to provide quality care without adequate reimbursement.
Moreover, for patients, limited coverage means they may have to bear a significant portion of the costs out of pocket, which can be prohibitive and restrict their access to necessary rehabilitation equipment. For example, a person with a spinal cord injury may face substantial financial difficulties when trying to acquire a specialized wheelchair that meets their specific needs. Thus, such factors are expected to negatively impact the growth of the global rehabilitation equipment market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Rehabilitation Equipment Market Customer Landscape
The rehabilitation equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The rehabilitation equipment market is essential for addressing the needs of the handicapped population, particularly those with degenerative diseases such as Parkinson's, Alzheimer's, and arthritis. Trauma patients and individuals with chronic diseases, including cancer, rely on assistive devices and mobility equipment like wheelchairs and scooters, walking assist devices, and medical beds. Daily living aids, bathroom and toilet assist devices, body support devices, and patient lifts, including medical lifting slings, play a crucial role in home care settings. Home healthcare services, supported by Medicare and Medicaid, ensure that therapy equipment for both upper body exercise equipment and lower body exercise equipment is accessible. Computing aids, canes, crutches, and walkers, along with walking wheelchairs, contribute to overall strength and endurance. The market also caters to musculoskeletal injuries, including back injuries, and provides solutions through occupational therapy and remote patient monitoring. Reimbursement issues remain a challenge, but caregivers continue to advocate for improved access to resources in home healthcare services.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.44% |
Market Growth 2024-2028 |
USD 3.67 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.5 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alimed Inc., ANTANO GROUP S.R.L., Arjo AB, Baxter International Inc., Compass Health Brands, DeVilbiss Healthcare GmbH, Dynatronics Corp., Enovis Corp., EZ Way Inc., GF Health Products Inc., Hospital Equipment Manufacturing Co., Invacare Corp., Joerns Healthcare LLC, LINET Group SE, Medline Industries LP, Prism UK Medical Ltd., Roma Medical, Savaria Corp., Trans Global Sports Ltd., and V. Guldmann AS |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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