Rehabilitation Equipment Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Extremity (Upper Extremity, Lower Extremity), By Application (Physiotherapy, Occupational Therapy), By End-User (Hospitals & Clinics, Rehab Centers, Home Care Settings, Physiotherapy Centers), And By Geography - Forecasts From 2021 To 2026

Published:  Oct 2021 Report Code: KSI061611880 Pages: 122

The rehabilitation equipment market was valued at US $ 3.684 billion in 2019 and is expected to grow at a CAGR of 4.05 % over the forecast period to reach a total market size of US $ 4.863 billion by 2026. 

This rehabilitation equipment serves as a reusable guide, which enables patients to perform their normal daily activities. By serving this population in a more efficient and effective manner, enhances their quality of life, especially for the sick, aged, disabled, and injured who are looking for a greater level of independence and participation in society. The growth of this market is mainly due to new health care reforms, a large geriatric population, as well as chronic diseases such as diabetes, which contribute to the increase in noncommunicable diseases. A recent study by the Centres for Disease Control and Prevention (CDC) found that by 2020, 61 million Americans will be disabled to the point of being unable to travel outside the home. Additionally, According to the United Nations (UN) data of World Population Prospects for 2019, the world's population will double within 30 years, from 7.7 billion to 9.7 billion, and at the same time, the world will age more rapidly. The number of people over the age of 65 will rise from one in 11 in 2019 to one in six by 2050 (16%), up from one in 11 at the beginning of this year (9%).  Furthermore, technological advancements, such as innovative designs of smart accessible devices, will boost the chances of this market growth in the future.

Growth factors:

  • The market for walking assist devices is expected to grow

A walking assistive device is a device such as a cane, crutches, or walker that enables easy mobility in patients with a physical disability or the elderly. In addition to increasing the patient's base of support, these devices improve and maintain balance, increase activity, and reduce dependence on others. Journal of Physical Therapy Science research published in August 2020 found that physical therapy was not only associated with lower mortality rates, hospital stays, medication spending, and medical expenses, but also with increased educational attainment, reduced economic losses, and reduced risks of medical collapses. Further, as the population ages, they are more likely to develop several diseases that require mobility assistance, which will result in increased use of assistive devices. 

In December 2019, Toyota Motor Corporation (Toyota) introduced the Welwalk WW-2000, a robot that offers rehabilitation support for people suffering from lower-limb paralysis caused by strokes or other causes. Wearable Walking Assistive Exoskeleton Robots are available from the Industrial Technology Research Institute. They have been designed specifically for patients with spinal cord injuries. With the assistance of the power assist, patients can regain the ability to stand, sit, walk on flat surfaces, go up and down stairs, and walk on slopes.

Restrain

  • High Cost

However, high prices for rehabilitation equipment, as well as their high maintenance costs, hinder the growth of the rehabilitation equipment market. 

Covid-19 Insight:

COVID-19 patients have an increased risk of long-term impairment and disability, and they will require rehabilitation throughout the course of the disease. Multiple players are battling for market share by providing rehabilitation equipment. As an example, Mayo Clinic will launch a rehabilitation program in the U.S. in September 2020. The remote pulmonary rehabilitation program was launched in May of 2020 by SWORD Health, a provider of digital therapy for COVID-19 patients, to allow them to receive rehabilitation programs in an urgent manner and to fill a substantial gap in rehabilitation programs. 

Rehabilitation Equipment Market Scope:

Report Metric Details
 Market size value in 2019  US$3.684 billion
 Market size value in 2026  US$4.863 billion
 Growth Rate  CAGR of 4.05% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Extremity, Application, End-Users, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Arjo, Caremax Rehabilitation Equipment Co., Ltd., Compass Health Brands, DJO, LLC, Dynatronics Corporation, GF HEALTH PRODUCTS, INC., Invacare Corporation, Performance Health Holding, Inc., Sunrise Medical, Armedica Manufacturing Corporation
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Extremity
    • Upper Extremity
    • Lower Extremity
  • By Application
    • Physiotherapy
    • Occupational Therapy 
  • By End-Users
    • Hospitals and Clinics
    • Rehab Centers
    • Home Care Settings
    • Physiotherapy Centers
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the rehabilitation equipment market size by 2026?
A1. The rehabilitation equipment market is expected to reach a total market size of US$4.863 billion by 2026.

Q2. What is the size of global rehabilitation equipment market?
A2. Rehabilitation Equipment Market was valued at US$3.684 billion in 2019.

Q3. What are the growth prospects for the rehabilitation equipment market?
A3. The global rehabilitation equipment market is expected to grow at a CAGR of 4.05% during the forecast period.

Q4. How is the global rehabilitation equipment market segmented?
A4. The global rehabilitation equipment market has been segmented by extremity, application, end-user, and geography.

Q5. What factors are anticipated to drive the rehabilitation equipment market growth?
A5. The increasing number of disabilities that are derived from non-communicable diseases, favorable reforms in the healthcare sector, and an increasing geriatric population coupled with increasing incidences of chronic diseases are expected to boost the rehabilitation equipment market growth.

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5. REHABILITATION EQUIPMENT MARKET, BY EXTREMITY
5.1. Introduction
5.2. Upper Extremity
5.3. Lower Extremity 

6. REHABILITATION EQUIPMENT MARKET, BY APPLICATION
6.1. Introduction
6.2. Physiotherapy
6.3. Occupational Therapy

7. REHABILITATION EQUIPMENT MARKET, BY END USER
7.1. Introduction
7.2. Hospitals and Clinics
7.3. Rehab Centres
7.4. Homecare Centres
7.5. Physiotherapy Centres

8. REHABILITATION EQUIPMENT MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom 
8.4.4. Spain 
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. India
8.6.3. South Korea
8.6.4. Taiwan
8.6.5. Thailand
8.6.6. Indonesia 
8.6.7. Japan
8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES
10.1. Arjo
10.2. Caremax Rehabilitation Equipment Co., Ltd.
10.3. Compass Health Brands
10.4. DJO, LLC
10.5. Dynatronics Corporation
10.6. GF HEALTH PRODUCTS, INC.
10.7. Invacare Corporation
10.8. Performance Health Holding, Inc.
10.9. Sunrise Medical
10.10. Armedica Manufacturing Corporation

Arjo

Caremax Rehabilitation Equipment Co., Ltd.

Compass Health Brands

DJO, LLC

Dynatronics Corporation

GF HEALTH PRODUCTS, INC.

Invacare Corporation

Performance Health Holding, Inc.

Sunrise Medical

Armedica Manufacturing Corporation

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