Rehabilitation Equipment Market Segmentation, Drivers and Business Overview Forecast To 2025

24 September 2018: Global Rehabilitation Equipment Market witnesses a trajectory growth in the forecast period since the upgradation of medical infrastructure in several countries. Generally, rehabilitation techniques gauge body functions and structures, activities & participation, environmental and personal influences. Basically, there are institutions set up that deal with human impairment and organ amputation and help such individuals to lead a normal life. Such institutions are particularly known as rehabilitation centers.

The rehab centers are thus loaded with equipment to assist the patient to regain and develop maximal functioning. Not only rehab helps in modifying an individual’s environment but also enables them with suitable movements helping them to achieve maximum sustainability. It minimizes the severity of a broad range of health conditions.

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On a commercial scale, the number of patients has increased that are admitted to rehabilitation centers with advanced improvements in the function and design of rehabilitation equipment. This significantly benefits the geriatric population and physically challenged patients. Rehabilitation equipment is therefore a reusable aid that helps the patient with their day-to-day activities.

Rehabilitation equipment market is driven by factors such as rising healthcare forms, rising prevalence of disabilities owing from non-communicable diseases and rising geriatric population along with rising incidences of chronic diseases. However, high costs for such equipment is likely to impede the market growth in the forecast period. Rehabilitation equipment market is segmented into lower body exercise equipment, upper body exercise equipment and total body exercise equipment, based on product type. By end-user, the rehabilitation equipment market is bifurcated into hospitals & clinics, home care settings and rehabilitation centers.

By application, the rehabilitation equipment market is segmented into physiotherapy and occupational therapy. Physiotherapy segment is the largest segment in the market and is expected to register a higher CAGR in the forecast period owing to factors such as rising need for physiotherapy among the aging population and disabled patients and also involvement of favorable government policies.

Based on product type, the rehabilitation equipment market is segmented into sensory function related robotic, sports function related robotic and perceptual language recovery robotic. Based on end-user type, the rehabilitation equipment market is segmented into daily living beds, medical beds; bathroom & toilet assist devices, mobility equipment, wheelchairs & scooters, walking assist devices, exercise equipment, patient lifts, and medical lifting slings.

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Geographically, the rehabilitation equipment industry spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. European market accounted for largest share in the global market. North America is anticipated to grow at a higher CAGR in the forecast period owing to rising prevalence of lifestyle diseases, rising geriatric population and stringent government regulations pertaining to the use of rehabilitation equipment.

The key players in the rehabilitation equipment industry include Alimed, AlterG, Bionik, Ekso Bionics, Myomo, Hocoma, Biodex, GF Health Products Inc, Stryker Corporation, Instead Technologies, Arestech LLC, Kinova, MRISAR, Robotdalen, RU Robots, Woodway, Tyromotion, Medline Industries Inc, ROMA Medical, Dynatronics Corporation, ScripHessco, HUR and Changzhu Qian Jing Rehabilitation.