The Global Rehabilitation Equipment Market is projected to reach USD 19.8 billion by 2027 from USD 14.9 billion in 2022, at a CAGR of 5.9% during the forecast period. The growth of this market is primarily driven by the increasing prevalence of chronic diseases such as arthritis and cancer, requiring rehabilitation therapies, high risk of injuries to caregivers during the manual handling of patients, rising geriatric and obese populations, and increasing demand for rehabilitation therapies owing to increasing access to healthcare. However, reimbursement issues and persistent difficulties in handling bariatric patients are some of the key challenges in the market.
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Mobility Equipment Industry Dynamics
Market Growth Drivers
- Increasing incidence of chronic diseases
- Increasing demand for rehabilitation care with expanding access to healthcare
- Rising geriatric and obese population
Market Growth Opportunities
- Growth potential in emerging countries
- Rising demand for home healthcare services
Market Challenges
- Reimbursement issues
- Persistent difficulties in handling bariatric patients
Industry Trends
- Growing focus on organic growth strategies
- Integration of IOT in rehabilitation equipment
“The mobility equipment market is projected to grow at a CAGR of 5.9% between 2022 and 2027.”
The global market is projected to reach USD 19.8 billion by 2027 from USD 14.9 billion in 2022, at a CAGR of 5.9% during the forecast period. The growth of this market is primarily driven by significant risk of injuries to caregivers while manually handling the patients, increasing growth in geriatric and obese population that often requires rehabilitation therapies, and an increasing demand for rehabilitation care with an increasing access to healthcare. However, a lack of training provided to caregivers for the efficient operation of rehabilitation equipment is a major factor restraining market growth.
“Therapy equipment was the largest and fastest-growing segment by product”
Based on product, the rehabilitation equipment market is segmented into therapy equipment, daily living aids, mobility equipment, exercise equipment, and body support devices. In 2021, the therapy equipment segment accounted for the largest share of the global market. Increasing growth in the patients opting for physiotherapy and rehabilitation therapies are driving the demand for therapy equipment globally.
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“Physical rehabilitation & training segment is the largest application segment”
Based on application, the rehabilitation equipment market is segmented into strength, endurance, and pain reduction; physical rehabilitation & training; and occupational rehabilitation & training. In 2021, the physical rehabilitation & training segment accounted for the largest share of the global market. Physical rehabilitation and training help with osteoarthritis, joint replacement, sports injury, knee pain, back pain, carpal tunnel syndrome, Alzheimer's disease, multiple sclerosis, and cerebral palsy. Increasing incidence of above mentioned injuries and diseases are resulting into a significant growth in the segment.
“Hospitals and clinics segment is the largest end user segment”
Based on end users, the rehabilitation equipment market is segmented into hospitals & clinics, rehabilitation centers, physiotherapy centers, home care settings, and other end users. In 2021, the hospitals and clinics segment accounted for the largest share of the global market. Medical beds, slings, hoists, and bathroom and toilet assist devices are commonly used rehabilitation equipment across hospitals. The demand for these equipment are increasing owing to increasing prevalence of diseases/conditions requiring hospital-based treatment.
“Europe to witness the highest growth rate during the forecast period.”
Europe accounted for the largest share of the global rehabilitation equipment market. The large share of this regional segment is attributed to a significant contribution from an economically stable and technologically advanced countries such as Germany, UK, and France. Increasing geriatric population and rising prevalence of musculoskeletal disorders across these countries are driving the market growth in Europe. The Asia Pacific market is projected to register the highest CAGR during the forecast period. Market growth in the Asia Pacific is attributed to the rising healthcare expenditure and growing number of healthcare facilities in Asian countries.
Recent Developments
- In May 2022, Etac AB (Sweden) announced the launch of R82 Crocodile (size 0), the smallest walking aid by the company.
- In March 2022, Medline Industries, LP (US) announced a USD 725 million prime vendor partnership with Mount Sinai Health System (US), to enhance their supply chain strategy and improve patient outcomes.
- In March 2022, Prism Medical (UK) announced a partnership with IoT Solution Group (UK), to enable Prism Medical to advance its existing product portfolio and expand into the smart healthcare market.
- In February 2022, Invacare announced the launch of its next-generation e-fix eco Power Assist Device to upgrade its manual wheelchairs.
Key Market Players:
Baxter International (US), Invacare Corporation (US), Medline Industries, LP (US), Arjo (Sweden), Colfax Corp. (US), Dynatronics Corp. (US), Handicare Group AB (Sweden), Drive DeVilbiss International (Germany), Etac AB (Sweden), GF Health Products Inc. (US), Joerns Healthcare LLC (US), Prism Medical UK Ltd. (UK), Guldmann (Denmark)
Report Link: ( Rehabilitation Equipment Market )
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