Rehabilitation Devices/Equipment Market Size & Forecast Report, 2014 - 2025

Report ID: MN17617168  |  Published: September 2017  |  No of Pages: 148
Format: Electronic (PDF)  |  Industry: Medical Devices

The global rehabilitation devices/equipment market size is expected to value at USD 17.5 billion by 2025. The market is subject to witness substantial growth due to the increasing occurrence of degenerative disorders and rising incidences related to trauma, thus increasing the number of patients in need of rehabilitation. With high-end demand for rehabilitation devices in developing economies to meet healthcare, demands are significantly contributing to the growth of the market over the forecast period. Globally, the rehabilitation devices/equipment industry is predicted to grow at a CAGR of 6.0% in the forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Mobility equipment is one of the fastest-growing segments in the rehabilitation devices/equipment market with the highest market share over the forecast period. The rise in the demand for mobility equipment is credited to increasing popularity among consumers. The mobility equipment market is further categorized into wheelchairs and scooters sector, and walking assist devices.

Walking assist devices are used by patients across the globe due to lower prices and easy-to-use features. Also, the exercise equipment segment is anticipated to display substantial growth in upcoming years due to an increase in the demand for various therapies such as physiotherapy and growing recommendations by physicians for its use in the rehabilitation process. The end-user segment involving hospitals and therapy centers is dominating the overall market with substantial revenue generation in recent years and is anticipated to sustain its growth shortly as well. An increasing number of patient visits to hospitals and therapy centers daily and improved infrastructure associated with rehabilitation centers are some of the key drivers responsible for the sustainable growth of the hospital market segment.

Additionally, other factors influencing sustained growth of the hospital market segment are improved feedback mechanisms regarding the quality of service between hospitals and patients coupled with rising awareness programs, subsidies, and reimbursement schemes by local governments. The demand for assistive devices in day-to-day work for handicapped patients across the globe is on the rise in recent years. The latest product launches in the market and aggressive marketing strategies adopted by manufacturers are creating necessary awareness among patients about the existence of rehabilitation devices and numerous benefits associated with their use, thus fueling the expansion of the rehabilitation devices/equipment industry in coming years. Moreover, numerous initiatives, financing, subsidies, and various schemes adopted by regional governments to promote rehabilitation therapies are propelling the growth of the market.

The rising adoption of medical instruments in the developed economies and growing healthcare expenditure are providing significant opportunities for manufacturers to acquire maximum profit. Reimbursements coupled with the adoption of rehabilitation devices prove vital for successful rehabilitation therapies. Medicare provided by either governments or private players is assisting patients by providing hospital beds, walkers, wheelchairs, and patient lifts.

Furthermore, numerous initiatives taken by international organizations such as the world health organization (WHO) in support of Global Cooperation on Assistive Technology (GATE) are introducing Priority Assistive Products List (APL) to enhance quality, accessibility, and cheaper range of assistive devices, thus positively impacting the growth of the rehabilitation devices/equipment market over the forecast period.

The rehabilitation devices/equipment industry is divided into regional market segments such as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to the rise adoption of the latest technologies and the existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold a major market share in the rehabilitation devices/equipment market with massive growth in the forecast period.

Countries such as India, China, and South Korea are leading the Asia-Pacific market with a rising patient pool, improved public and private healthcare infrastructure, and increasing investment by industry players considering potential opportunities. The key players in the rehabilitation devices/equipment industry are Invacare Co., Medline Industries Incorporations, Dynatronics Co., Caremax Rehabilitation Equipment Limited, GF Health Products, Hospital Equipment Mfg. Corporations, Maddak, Incorporations, and India Medico Co.

Market Segment:

Product Outlook (Revenue, USD Million, 2014 - 2025)
    • Daily Living Aids
        • Medical Beds
        • Bathroom & Toilet Assist Devices
        • Reading Writing & Computer Aids
   • Mobility Equipment
        • Wheelchairs & Scooters
        • Walking Assist Devices
    • Exercise Equipment
        • Lower Body Exercise Equipment
        • Upper Body Exercise Equipment
    • Body Support Devices
        • Patient Lifts
        • Medical Lifting Slings

Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Physiotherapy
    • Occupational Therapy

End-Use Outlook (Revenue, USD Million, 2014 - 2025)
    • Hospitals & Clinics
    • Rehab Centers
    • Home Care Settings
    • Physiotherapy Centers

Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • the U.S.
        • Canada
    • Europe
        • Germany
        • the U.K.
    • the Asia Pacific
        • China
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa

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