Rehabilitation Equipment Market

Hill-Rom Holdings Services Inc. (US) ,Medline Industries, Inc. (US) and Invacare Corporation (US) are the Key Players in the Rehabilitation Equipment Market

The 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%. The growth in this market is driven by the increasing incidence of chronic diseases and the rising geriatric population. However, a lack of awareness and access to rehabilitation services in emerging markets is expected to restrain the growth of this market during the forecast period.

The rehabilitation equipment market is marked by the presence of several big and small players. Some of the prominent players offering rehabilitation equipment include 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), Handicare (Sweden), Sunrise Medical (Germany), Enraf-Nonius (Netherlands), and Antano Group (Italy).

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These players have adopted various growth strategies such as product launches, expansions, acquisitions, partnerships, and agreements to expand their presence in the rehabilitation equipment market. Most key players adopted expansions as their primary growth strategy between 2017 and January 2020.

Hill-Rom Holdings Services Inc. (US)

Hill-Rom Holdings 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.

Medline Industries, Inc. (US)

Medline Industries was the second-largest player in the rehabilitation equipment market in 2019. The company has a strong portfolio of rehabilitation equipment, including bathing equipment, cognitive therapy products, exercise and mobility products, foot stools, heel and elbow protection products, mobility aids, and orthopedic soft goods. In order to maintain its strong position in the market, the company focuses on adopting organic as well as inorganic growth strategies such as expansions and acquisitions.

Invacare Corporation (US)

Invacare Corporation held the third position in the rehabilitation equipment market in 2019. The company offers a number of quality and reliable products in this market. To maintain its leading position in the market, the company focuses on R&D activities and product launches. The company invested USD 17.4 million, USD 17.8 million, and USD 17.1 million in R&D activities in 2018, 2017, and 2016, respectively.

Related Reports:

Rehabilitation Equipment Market by Product (Mobility, Cane, Crutches, Walker, Body Support, Lift, Beds, Sling, Exercise, Therapy, Reading, Writing), Application (Physical, OT, Strength) End User (Physiotherapy, Hospital, Clinic) - Global Forecast to 2025

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Report Code
MD 5139
RI Published ON
3/6/2020
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