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In 2023, the market for rehabilitation equipment was valued at $19,506,10 million, and by 2030, it is anticipated to have grown to $41,293,29 million, with a CAGR of 9.7%.
Any medical gadget used to aid in physical rehabilitation is referred to as rehabilitation equipment. Exercise machines, therapeutic machines, and assistive gadgets are a few examples of this equipment. This apparatus is intended to assist those who have lost strength, coordination, or movement due to physical impairments, accidents, or chronic illnesses. They can also be utilized to ease discomfort and promote independence in a person. The market dynamics and trends for rehabilitation equipment are covered in the report. The valuations include revenue from payers, providers, and others using the rehabilitation equipment.
Caretakers who manually handle impaired people risk suffering serious musculoskeletal injuries. Since the patient must be physically pulled across the bed and onto a stretcher by caregivers who must reach over the stretcher to the bed, there is an increased risk of back injuries during lateral transfers. This motion puts the caregiver's body into an uncomfortable posture, which may hurt their musculoskeletal system. Both direct and indirect costs are associated with injuries that occur in healthcare facilities. Direct costs relate to the cost of medical care and the number of man-days lost from work, but indirect costs are much harder to quantify and include caregivers' impaired function.
Even after many months, healthcare workers still report significant discomfort from workplace accidents. Additionally, caregiver injuries have an impact on patient care because it's typically not possible to immediately replace wounded employees. Because fewer caregivers are required to move and lift the same number of patients, the quality of care is impacted, especially for patients with limited mobility. As a result, patients stay in hospitals for longer periods of time, increasing the entire cost of healthcare. The usage of mobility solutions, such as wheelchairs and patient lifts, has increased throughout healthcare facilities since the establishment of safe rehabilitation care programs.
Caregiver injuries are caused by the manual handling of patients while they are moved between rehabilitation care facilities. This compromises the health and wellbeing of patients while also causing missed workdays and financial losses. The healthcare facilities are concentrating on giving the best service possible without endangering their staff in order to overcome these obstacles. As a result, the market for rehabilitation equipment is growing due to a rise in demand for equipment such patient lifts, slings, and wheelchairs.
The expansion of this market is anticipated to be constrained by a general lack of knowledge regarding the efficient use of rehabilitation equipment. For instance, failing to receive the right care and rehabilitation after a stroke can have serious negative impacts on how the body functions. Patients may completely ignore the symptoms of serious diseases as a result of this lack of awareness, which has an impact on how rehabilitation is used. In nations like Malaysia and Taiwan, where the consequences of this factor are exacerbated by a lack of adequate infrastructure and manpower, this is a major issue. Patient access to therapy and related tools is also impacted in this scenario. Access to rehabilitation equipment is often limited by other reasons, such as inadequate referrals and family members' lack of understanding about available rehabilitation options. People with disabilities in low- and middle-income nations have limited access to rehabilitation services. Evidence reveals that there are numerous hurdles that prevent people with impairments from obtaining healthcare services. The expansion of this market is being constrained by the lack of accessibility to rehabilitation treatments.
The prevalence of chronic diseases such as rheumatoid arthritis, multiple sclerosis, Parkinson's disease, and others has increased, which has resulted in a growth in the need for rehabilitation equipment globally. This is the main element that propels the market's expansion. The National Center for Biotechnology Information (NCBI) claims that physical limitations and disabilities brought on by chronic diseases can only be treated through rehabilitative therapy.
In addition, the rising number of elderly people with osteoarthritis is a significant factor driving the expansion of the market for rehabilitation equipment. For instance, the Global RA Network study from 2021 estimates that more than 350 million people worldwide suffer with arthritis, with psoriatic arthritis affecting up to 3% of the population and rheumatoid arthritis affecting 14 million people.
Report Coverage
Global Rehabilitation Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Rehabilitation Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Rehabilitation Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Rehabilitation Equipment market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Rehabilitation Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Rehabilitation Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Invacare Corporation, Caremax Rehabilitation Equipment Co. Ltd, GF Health Products, Inc., Baxter International Inc., ReWalk Robotics Ltd., Medical Depot, Inc., Ekso Bionics, Roma Medical, Hospital Equipment Mfg. Co., Medline Industries, LP
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Rehabilitation Equipment market based on the below-mentioned segments:
Global Rehabilitation Equipment Market, By Type
Mobility Aids
Daily Living Aids
Exercise Equipment
Body Support Devices
Global Rehabilitation Equipment market, By Application
Physiotherapy
Occupational Therapy
Others
Global Rehabilitation Equipment Market, By End User
Hospitals and Clinics
Rehabilitation centers
Homecare Settings
Global Rehabilitation Equipment market, Regional Analysis
Any medical gadget used to aid in physical rehabilitation is referred to as rehabilitation equipment. Exercise machines, therapeutic machines, and assistive gadgets are a few examples of this equipment. This apparatus is intended to assist those who have lost strength, coordination, or movement due to physical impairments, accidents, or chronic illnesses. They can also be utilized to ease discomfort and promote independence in a person. The market dynamics and trends for rehabilitation equipment are covered in the report. The valuations include revenue from payers, providers, and others using the rehabilitation equipment.
Caretakers who manually handle impaired people risk suffering serious musculoskeletal injuries. Since the patient must be physically pulled across the bed and onto a stretcher by caregivers who must reach over the stretcher to the bed, there is an increased risk of back injuries during lateral transfers. This motion puts the caregiver's body into an uncomfortable posture, which may hurt their musculoskeletal system. Both direct and indirect costs are associated with injuries that occur in healthcare facilities. Direct costs relate to the cost of medical care and the number of man-days lost from work, but indirect costs are much harder to quantify and include caregivers' impaired function.
Even after many months, healthcare workers still report significant discomfort from workplace accidents. Additionally, caregiver injuries have an impact on patient care because it's typically not possible to immediately replace wounded employees. Because fewer caregivers are required to move and lift the same number of patients, the quality of care is impacted, especially for patients with limited mobility. As a result, patients stay in hospitals for longer periods of time, increasing the entire cost of healthcare. The usage of mobility solutions, such as wheelchairs and patient lifts, has increased throughout healthcare facilities since the establishment of safe rehabilitation care programs.
Caregiver injuries are caused by the manual handling of patients while they are moved between rehabilitation care facilities. This compromises the health and wellbeing of patients while also causing missed workdays and financial losses. The healthcare facilities are concentrating on giving the best service possible without endangering their staff in order to overcome these obstacles. As a result, the market for rehabilitation equipment is growing due to a rise in demand for equipment such patient lifts, slings, and wheelchairs.
The expansion of this market is anticipated to be constrained by a general lack of knowledge regarding the efficient use of rehabilitation equipment. For instance, failing to receive the right care and rehabilitation after a stroke can have serious negative impacts on how the body functions. Patients may completely ignore the symptoms of serious diseases as a result of this lack of awareness, which has an impact on how rehabilitation is used. In nations like Malaysia and Taiwan, where the consequences of this factor are exacerbated by a lack of adequate infrastructure and manpower, this is a major issue. Patient access to therapy and related tools is also impacted in this scenario. Access to rehabilitation equipment is often limited by other reasons, such as inadequate referrals and family members' lack of understanding about available rehabilitation options. People with disabilities in low- and middle-income nations have limited access to rehabilitation services. Evidence reveals that there are numerous hurdles that prevent people with impairments from obtaining healthcare services. The expansion of this market is being constrained by the lack of accessibility to rehabilitation treatments.
The prevalence of chronic diseases such as rheumatoid arthritis, multiple sclerosis, Parkinson's disease, and others has increased, which has resulted in a growth in the need for rehabilitation equipment globally. This is the main element that propels the market's expansion. The National Center for Biotechnology Information (NCBI) claims that physical limitations and disabilities brought on by chronic diseases can only be treated through rehabilitative therapy.
In addition, the rising number of elderly people with osteoarthritis is a significant factor driving the expansion of the market for rehabilitation equipment. For instance, the Global RA Network study from 2021 estimates that more than 350 million people worldwide suffer with arthritis, with psoriatic arthritis affecting up to 3% of the population and rheumatoid arthritis affecting 14 million people.
Report Coverage
Global Rehabilitation Equipment research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Rehabilitation Equipment report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Rehabilitation Equipment competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Rehabilitation Equipment market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Invacare Corporation, Caremax Rehabilitation Equipment Co. Ltd, GF Health Products, Inc., Baxter International Inc., ReWalk Robotics Ltd., Medical Depot, Inc., Ekso Bionics, Roma Medical, Hospital Equipment Mfg. Co., Medline Industries, LP |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Rehabilitation Equipment Market from 2021 to 2030.
- Market Forecast for Rehabilitation Equipment Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Rehabilitation Equipment competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Rehabilitation Equipment
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Rehabilitation Equipment market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Rehabilitation Equipment market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Invacare Corporation, Caremax Rehabilitation Equipment Co. Ltd, GF Health Products, Inc., Baxter International Inc., ReWalk Robotics Ltd., Medical Depot, Inc., Ekso Bionics, Roma Medical, Hospital Equipment Mfg. Co., Medline Industries, LP
Primary Target Market
- Market Players of Rehabilitation Equipment
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Rehabilitation Equipment market based on the below-mentioned segments:
Global Rehabilitation Equipment Market, By Type
Mobility Aids
Daily Living Aids
Exercise Equipment
Body Support Devices
Global Rehabilitation Equipment market, By Application
Physiotherapy
Occupational Therapy
Others
Global Rehabilitation Equipment Market, By End User
Hospitals and Clinics
Rehabilitation centers
Homecare Settings
Global Rehabilitation Equipment market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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