According to a research report "Rehabilitation Equipment Market by Product (Medical Bed, Mobility Scooter, Walker, Crutcher, Cane, Patient Lift, Sling), Application (Physical, OT, Lower-body Exercise Equipment), End User (Rehabilitation & Physiotherapy Center) - Global Forecast to 2027" published by MarketsandMarkets, the global rehabilitation equipment market is projected to reach USD 19.8 billion by 2027 from USD 14.9 billion in 2022, at a CAGR of 5.9% during the forecast period. High risk of injuries to caregivers during the manual handling of patients, rising geriatric and obese populations, increasing demand for rehabilitative care with an expanding access to healthcare, and increasing incidence of chronic diseases is driving the revenue growth in the market. However, a persistence difficulties in handling bariatric patients and reimbursement issues are some of the key growth challenges in the market.
Browse 222 market data Tables and 34 Figures spread through 257 Pages and in-depth TOC on "Rehabilitation Equipment Market by Product (Medical Bed, Mobility Scooter, Walker, Crutcher, Cane, Patient Lift, Sling), Application (Physical, OT, Lower-body Exercise Equipment), End User (Rehabilitation & Physiotherapy Center) - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/rehabilitation-equipment-market-194775519.html
By Product, therapy equipment was the largest and fastest-growing segment in the rehabilitation equipment market in 2021.
Based on product, the rehabilitation equipment market is segmented into therapy equipment, daily living aids, mobility equipment, exercise equipment, and body support devices. In 2021, the therapy equipment segment accounted for the largest share of the rehabilitation equipment market. The large share of this segment can primarily be attributed to the increasing incidence of injuries & chronic conditions and the rising demand for rehabilitation therapies in the geriatric age group.
Physical rehabilitation and training segment is the largest application segment in the rehabilitation equipment market in 2021
Based on application, the rehabilitation equipment market is segmented into physical rehabilitation & training; strength, endurance, and pain reduction; and occupational rehabilitation & training. In 2021, the physical rehabilitation & training segment accounted for the largest share of the rehabilitation equipment market. Increase in incidence of sports injuries, cerebrovascular diseases, and degenerative joint disorders are driving the growth of the segment.
Hospitals and clinics segment is the largest end user segment in the rehabilitation equipment market in 2021
Based on end users, the rehabilitation equipment market is segmented into hospitals & clinics, rehabilitation centers, physiotherapy centers, home care settings, and other end users. In 2021, the hospitals and clinics segment accounted for the largest share of the rehabilitation equipment market. This can be attributed to the supportive reimbursement policies for hospital treatment and the large volume of patients undergoing treatments for various health conditions requiring rehabilitative care.
Europe to witness the highest growth rate during the forecast period
Europe accounted for the largest share of the global rehabilitation equipment market. The large share of this regional segment is attributed to the growing number of government and non-government initiatives regarding the adoption of safe rehabilitation equipment and the presence of a large number of rehabilitation equipment manufacturers in Europe. The Asia Pacific market is projected to register the highest CAGR during the forecast period. Market growth in the Asia Pacific is attributed to the growing number of healthcare facilities in Asian countries and rising awareness towards rehabilitative care.
The key players operating in the rehabilitation equipment market include Baxter International (US), Invacare Corporation (US), Medline Industries LP (US), and Arjo (Sweden).
Don’t miss out on business opportunities in Rehabilitation Equipment Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441