BANGALORE, India, May 10, 2023 /PRNewswire/ -- Rehabilitation Equipment Market by Product Type (Mobility Aids, Daily Living Aids, Exercise Equipment, Body Support Devices), by Application (Physiotherapy, Occupational Therapy, Others), by End User (Hospitals and Clinics, Rehabilitation centers, Homecare Settings): Global Opportunity Analysis and Industry Forecast, 2021-2031. It is published in Valuates Reports under the Medical Devices & Equipment Category.
The global Rehabilitation Equipment Market Size was valued at USD 19,506.10 million in 2021 and is estimated to reach USD 41,293.28 million by 2031, growing at a CAGR of 7.7% from 2022 to 2031.
Major Factor Driving The Growth Of Rehabilitation Equipment Market are
The frequency of chronic diseases such as rheumatoid arthritis, multiple sclerosis, Parkinson's disease, and others has increased, which has resulted in a growth in the Rehabilitation Equipment Market.
Another important reason driving the expansion of the Rehabilitation Equipment Market is the rise in the number of elderly people with osteoarthritis.
The global rise in technical developments for rehabilitation equipment also contributes to the Rehabilitation Equipment Market growth.
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TRENDS INFLUENCING THE GROWTH OF REHABILITATION EQUIPMENT MARKET
The Rehabilitation Equipment Market is likely to grow as physical disabilities become more prevalent. A mobility device helps persons with mobility impairments walk more easily or otherwise increases their mobility. A variety of walking aids can help people who have trouble walking, and wheelchairs or mobility scooters can be used for those who have more severe impairments or who need to travel farther than they normally would on foot. Walking is replaced with wheelchairs and mobility scooters, which offer a wheeled seat for the user. Both manually and electrically powered wheelchairs are available. Electricity powers both motorized wheelchairs and mobility scooters.
Globally, the senior population is increasing at an unprecedented rate. The capacity to move and carry out physical chores declines with age, making it harder for the elderly to retain their independence. During the predicted period, there will probably be a rise in the share of elderly people using mobile devices. This factor is expected to drive the growth of the Rehabilitation Equipment Market.
The growing prevalence of musculoskeletal disorders is expected to drive the growth of the Rehabilitation Equipment Market. Disorders of the musculoskeletal system are frequent and have a broad impact. They are the major cause of the terrible, continuous physical disability and misery that millions of people throughout the world experience. The World Health Organisation (WHO) estimates that 20% to 30% of people worldwide are now dealing with a painful musculoskeletal condition. There is an increase in the need for equipment in musculoskeletal rehabilitation centers worldwide as a result of the increased number of patients who are admitted to these facilities.
The potential of wearable and robotic technology in rehabilitation equipment is enormous. Virtual rehabilitation is being used frequently as information technology develops quickly. Currently, a number of technologies are being combined to create extremely effective, new-generation rehabilitation devices. This factor is expected to drive the growth of the Rehabilitation Equipment Market.
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REHABILITATION EQUIPMENT MARKET SHARE ANALYSIS
Based on type, the mobility aids segment is expected to be the most lucrative.
Based on region, North America is expected to be the most lucrative region.
Based on the application, the hospitals and clinics segment is expected to be the most lucrative segment.
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Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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Key players
- GF Health Products, Inc
- ReWalk Robotics Ltd.
- Medical Depot, Inc.
- Roma Medical
- Hospital Equipment Mfg. Co.
- Medline Industries
- Baxter International Inc
- Caremax Rehabilitation Equipment Co. Ltd
- Invacare Corporation
- Ekso Bionics
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