The increasing demand for rehabilitation equipment is driven by several factors, including a growing number of accidents, injuries, and falls. Additionally, rising awareness about rehabilitation equipment, recovery, and therapy, along with advancements in technology and the introduction of new products, are contributing to the growth of the rehabilitation equipment market. This trend is expected to continue during the forecast period from 2023 to 2028.
LAS VEGAS, Jan. 22, 2024 /PRNewswire/ -- DelveInsight's Rehabilitation Equipment Market Insights report provides the current and forecast market analysis, individual leading rehabilitation equipment companies' market shares, challenges, rehabilitation equipment market drivers, barriers, trends, and key market rehabilitation equipment companies in the market.
Key Takeaways from the Rehabilitation Equipment Market Report
- As per DelveInsight estimates, North America is anticipated to dominate the global rehabilitation equipment market during the forecast period.
- Notable rehabilitation equipment companies such as Invacare Corporation, Medline Industries Inc., Drive DeVilbiss Healthcare, Ekso Bionics, Dynatronics Corporation, GF HEALTH PRODUCTS INC., Caremax Rehabilitation Equipment, Hill-Rom Services INC., Hospital Equipment Mfg. Co., ULS Robotics Co. Ltd, ReWalk Robotics, Marsi Bionics SL, Roma Medical Aids Ltd, Maddak, Inc., India Medico Instruments, and several others, are currently operating in the rehabilitation equipment market.
- In April 2023, Rehabilitation robotics company Harmonic Bionics announced that the company registered their flagship exoskeleton Harmony SHR with the FDA as a Class II 510(k)-exempt device. Harmony SHR is an upper extremity robotic rehabilitation system that works with a patient's scapulohumeral rhythm (SHR) to enable natural, comprehensive therapy for both arms. As an upper extremity exercise device, Harmony SHR may assist in the treatment of upper body movement impairments, including neurological injury, neuromuscular disease, musculoskeletal disease, musculoskeletal rehabilitation post-procedure (rotator cuff tear, etc.), and upper limb prosthetic/transplant rehab.
- In September 2022, Sumitomo Pharma Co., Ltd. and MELTIN MMI announced an agreement regarding a marketing alliance in Japan for the MELTz® Hand Rehabilitation System, where the two companies jointly developed and for which MELTIN has obtained medical device certification as manufacturer and distributor. MELTz® is a medical device that takes advantage of bio-signal processing and biomimetic robot technology. Its intended use is to maintain, develop, or restore muscle strength in the upper limbs of patients undergoing rehabilitation of hand/finger paralysis due to stroke or other causes.
To read more about the latest highlights related to the rehabilitation equipment market, get a snapshot of the key highlights entailed in the Global Rehabilitation Equipment Market Report
Rehabilitation Equipment Overview
Rehabilitation equipment plays a pivotal role in restoring and enhancing the physical abilities of individuals recovering from injuries, surgeries, or chronic conditions. These specialized devices are designed to facilitate the rehabilitation process by targeting specific muscle groups, improving range of motion, and promoting overall functional recovery. Common examples include resistance bands, balance boards, and therapeutic exercise machines that aid in rebuilding strength and flexibility. Assistive devices such as walkers, canes, and crutches are also essential for individuals regaining mobility after surgery or injury. Cutting-edge technologies, such as robotic exoskeletons and virtual reality systems, have further advanced rehabilitation, offering innovative approaches to engage patients in interactive and targeted therapeutic activities. Rehabilitation equipment not only supports the physical healing process but also contributes to the psychological well-being of individuals, fostering a sense of independence and empowerment as they work towards regaining optimal health and functionality.
Rehabilitation Equipment Market Insights
In 2022, North America dominated the global rehabilitation equipment market, holding the largest market share and it is expected to do the same in the coming years. The growth of North America's rehabilitation equipment market can be attributed to various factors, including a growing population of individuals with disabilities, ongoing product development initiatives such as launches and approvals, and the presence of advanced medical facilities in the region. Additionally, the influence of key rehabilitation equipment market players and increasing research and development efforts in the field of rehabilitation equipment are contributing to the overall expansion of the rehabilitation equipment market in North America.
To know more about why North America is leading the market growth in the rehabilitation equipment market, get a snapshot of the Rehabilitation Equipment Market Outlook
Rehabilitation Equipment Market Dynamics
The increasing prevalence of sports-related injuries and spinal ailments stands out as a significant driver for the expansion of the rehabilitation equipment market. In addition to this factor, the rehabilitation equipment market is anticipated to witness a surge in demand for various rehabilitation equipment types due to the escalating innovations within the sector. An illustrative example of such innovation occurred in January 2022 when Lusio Rehab, a UK-based assistive technology startup, introduced a wearable rehabilitation device named LusioMATE. This device was designed to inspire patients to actively participate in their physical therapy and rehabilitation programs. Notably versatile, the device could find application in diverse therapeutic settings, including outpatient clinics, home or community-based rehabilitation, and acute in-patient stroke rehabilitation.
The heightened awareness of rehabilitation equipment, coupled with continuous product launches, is expected to fuel an increased demand, thereby driving the overall growth of the rehabilitation equipment market throughout the forecast period from 2023 to 2028. However, challenges such as the high cost of rehabilitation equipment, maintenance issues, and instances of patient discomfort may pose constraints on the rehabilitation equipment market's growth.
Get a sneak peek at the rehabilitation equipment market dynamics @ Rehabilitation Equipment Market Dynamics Analysis
Report Metrics | Details |
Coverage | Global |
Study Period | 2020-2028 |
Rehabilitation Equipment Market CAGR | ~5% |
Rehabilitation Equipment Market Size in 2022 | USD 14.5 Billion |
Key Rehabilitation Equipment Companies | Invacare Corporation, Medline Industries Inc., Drive DeVilbiss Healthcare, Ekso Bionics, Dynatronics Corporation, GF HEALTH PRODUCTS INC., Caremax Rehabilitation Equipment, Hill-Rom Services INC., Hospital Equipment Mfg. Co., ULS Robotics Co. Ltd, ReWalk Robotics, Marsi Bionics SL, Roma Medical Aids Ltd, Maddak, Inc., India Medico Instruments, among others |
Rehabilitation Equipment Market Assessment
- Rehabilitation Equipment Market Segmentation
- Rehabilitation Equipment Market Segmentation By Product Type: Body Support Equipment, Mobility Equipment, Exercise Equipment, and Others
- Rehabilitation Equipment Market Segmentation By Application: Physiotherapy, Occupational Therapy, and Others
- Rehabilitation Equipment Market Segmentation By End User: Hospitals And Clinics, Rehabilitation Centers, Home Care Settings, and Others
- Rehabilitation Equipment Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
- Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
Which MedTech key players in the rehabilitation equipment market are set to emerge as the trendsetter explore @ Rehabilitation Equipment Companies
Table of Contents
1 | Report Introduction |
2 | Executive summary |
3 | Regulatory and Patent Analysis |
4 | Key Factors Analysis |
5 | Porter's Five Forces Analysis |
6 | COVID-19 Impact Analysis on Rehabilitation Equipment Market |
7 | Rehabilitation Equipment Market Layout |
8 | Global Company Share Analysis - Key 3-5 Companies |
9 | Rehabilitation Equipment Market Company and Product Profiles |
10 | Project Approach |
11 | About DelveInsight |
Interested in knowing the rehabilitation equipment market by 2028? Click to get a snapshot of the Rehabilitation Equipment Market Trends
Related Reports
Spinal Stenosis Devices Market
Spinal Stenosis Devices Market Insight, Competitive Landscape, and Market Forecast - 2028 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key spinal stenosis devices companies, including Spinal Simplicity, Boston Scientific Corporation, Medtronic, Stryker, Surgalign, Zimmer Biomet, NuVasive Inc., Sintea Plustek LLC, Orthofix Medical Inc., Globus Medical, Alphatec Holdings, Inc., Johnson & Johnson, NEO-MEDICAL SA, Premia Spine, ulrich GmbH & Co. KG, B. Braun Melsungen AG, Spineart, Meril Life Sciences Pvt. Ltd., Empirical Spine, Inc., Empirical Spine, Inc., Cousin Surgery, among others.
Spinal Cord Stimulators Market
Spinal Cord Stimulators Market Insight, Competitive Landscape, and Market Forecast - 2028 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key spinal cord stimulators companies, including Boston Scientific Corporation, Medtronic PLC, Abbott Laboratories, Nevro Corp., Cirtec Medical, Stimwave LLC, NeuroSigma, Inc., Synapse Biomedical, Inc., Greatbatch, Inc., Saluda Medical Pty Ltd., Beijing PINS Medical Co., Ltd., among others.
Spine Biologics Market
Spine Biologics Market Insight, Competitive Landscape, and Market Forecast - 2028 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key spine biologics companies, including Medtronic, Stryker, Collagen Matrix, Inc., Arthrex, Inc., Bioventus, Sanofi, Seikagaku Corporation, DePuy Synthes (Johnson & Johnson), Globus Medical, Zimmer Biomet, NuVasive Inc., SeaSpine, Baxter, Exactech, Inc., RTI Surgical, Biomatlante, Fidia Farmaceutici S.p.A, LG Chem, TERUMO BCT, INC., Anika Therapeutics, Inc., Orthofix Medical Inc., Kuros Biosciences, XTANT MEDICAL, APTISSEN, BONESUPPORT AB, among others.
Spinal Osteosynthesis Units Market
Spinal Osteosynthesis Units Market Insight, Competitive Landscape, and Market Forecast - 2028 report delivers an in-depth understanding of market trends, market drivers, market barriers, and key spinal osteosynthesis units companies, including Stryker, Zimmer Biomet, Integra LifeSciences, B. Braun, Johnson & Johnson, among others.
About DelveInsight
DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance.
Contact Us
Shruti Thakur
info@delveinsight.com
+91-9650213330
https://www.delveinsight.com/medical-devices
Logo: https://mma.prnewswire.com/media/1082265/3528414/DelveInsight_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/rehabilitation-equipment-global-market-to-showcase-growth-at-a-cagr-of-5-by-2028-examines-delveinsight-302040516.html
