The treatment designed to enable the recovery process from injury, illness, or disease to a normal condition either by therapy or counseling or both is referred to as rehabilitation. Large number of equipment is re-usable in nature, and their rate of adoption is increasing among customers.
Scope of the Report:
The rate of adoption of rehab equipment has increased after the enactment of long-term care insurance system in 2000. This trend has led into function improvements as well as design of such equipment, which provides advantages to the aged population and physically challenged people to attain independence and participate in society.
The global rehab equipment market can be classified based on type, body support, exercises, living aids, application, and region. On the basis of type, the global market is classified into mobility equipment, body support devices, exercise equipment, and daily living aids. Depending upon body support, it is segmented into lift and sling. As per exercises, it is divided into upper body and lower body. Based on living aids, it is divided into reading and writing. Based on application, the global market is divided into physiotherapy and occupational therapy (OT). Depending on end user, it is divided into hospitals, clinics and home care among others.
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Market Segments:
Among the major market segments, the mobility equipment segment is set to register the highest growth during the future period owing to the rise in number of elderly people suffering from orthopedic impairments resulting in a demand for mobility equipment across the globe. Also, the physiotherapy market segment is set to register the highest growth during the future years owing to the rising need for physiotherapy among the elderly population & disabled patients and the application of promising government policies.
The global rehab equipment market is set to witness remarkable growth in the forecast period. Factors such as the rising incidence of disabilities that result from diseases, favorable healthcare reforms, and rise in geriatric population along with the high prevalence of chronic diseases are fuelling the growth of this market. However, high costs & maintenance expense of rehabilitation equipment is expected to hamper the market growth. The various technological advancements such as smart accessible gadgets tend to expand the growth opportunities for this market.
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By Key Players:
The major companies that provide rehab equipment include Drive DeVilbiss Healthcare, GF HEALTH PRODUCTS, INC., Stryker Corporation, Access Rehabilitation Group, Amigo Mobility International, Inc., Medline Industries, Inc., Argo Medical, Dynatronics Corporation, Invacare Corporation, and Caremax Rehabilitation Equipment Co. Ltd. among others.
By Regional Analysis:
Based on regions, the global rehab equipment market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the global rehab equipment market during the forecast period. The increased preference for an independent lifestyle, the need for elderly and physically challenged individuals to discover the world, rise in longevity, and the astounding cost of caregiver services have propelled the demand for mobility devices across the world. Moreover, the U.S. government is increasingly providing support and reimbursement facilities for these equipment.
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