HOME Research Insight Key Players in the Rehabilitation Equipment Market Adopted Product Launches and Upgrades as their Key Growth Strategy

Key Players in the Rehabilitation Equipment Market Adopted Product Launches and Upgrades as their Key Growth Strategy

Prominent players in this market include Invacare Corporation (U.S.), Medline Industries, Inc. (U.S.), Dynatronics Corporation (U.S.), Drive DeVilbiss Healthcare (U.S.), Changzhou Qian Jing Rehabilitation Co., Ltd. (China), Carex Health Brands (U.S.), Roma Medical (U.K.), Caremax Rehabilitation Equipment Co. Ltd. (China), GF Health Products, Inc. (U.S.), and HEMC (Hospital Equipment Manufacturing Company) (India).

The other players in the market are ArjoHuntleigh, Inc. (Sweden), Guldmann, Inc. (Denmark), Linet, Inc. (Czech Republic), Stiegelmeyer, Inc. (Germany), Joerns Healthcare (U.S.), Handicare Inc. (Norway), and Prism Medical (U.S.).

Medline Industries, Inc. (U.S.) is the leading player in the rehabilitation equipment market. With a strong product portfolio and a large geographic presence, the company has managed to create its identity in the market. The company focuses on inorganic growth strategies such as partnerships and agreements to maintain its position in the market. For instance, in December 2016, Medline partnered with ViaQuest, Inc. (U.S.) to deliver ViaQuest Home Health and Hospice patient supplies across Indiana, Ohio, and Pennsylvania.

Invacare Corporation (U.S.) held the second position in the rehabilitation equipment market. The company’s position can be attributed to its product portfolio and its brand identity in the market. The company mainly focuses on product launches and upgrades to grow in the market. Some of its product launches include Kite electric powered wheelchair and TDX2 Low Rider power wheelchair (October 2016), and power chair control system – Invacare LiNX, Simply SMART (July 2016).

The overall growth strategies mapped from 2014 to February 2017 include product launches & upgrades; partnerships & agreements; expansions; and acquisitions & mergers. Product launches & upgrades accounted for the largest share of the overall strategic developments mapped in the above-mentioned period. Invacare Corporation (U.S), Roma Medical (U.K.), and GF Health Products, Inc. (U.S.) are the companies that majorly adopted this strategy.

Related Reports:

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) - Forecasts to 2021

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