Rehabilitation Equipment Market Size, Share, Opportunities, 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

The rehabilitation equipment includes modified or customized devices, which are specifically designed to help people with disabilities achieve or maintain functional mobility as well as other important skills. On the other hand, rehabilitation devices will contribute by not only preventing anatomical degeneration and complications but also by supporting them. Rehabilitation plays a significant role in grappling with many health issues, such as acute diseases, chronic diseases, illnesses, or injuries. It operates in concert with other health care interventions like medical and surgical methods by offering additional assistance to healing and final outcome improvement.

For instance, according to the World Health Organization published article in March 2023, it states that Approximately 1. 3 billion people experience constant disability and it represents 16% of the world’s population.  The utilization of rehabilitation products offers many advantages such as enhanced coordination, flexibility, and muscle strength. On the contrary, these gadgets improve patients' joint inflammation and pain, making their movements and flexibility better and making it easier for them to perform their daily activities.

 For instance, according to the World Health Organization published article in April 2024, it states that Worldwide, approximately 2. 4 billion individuals are apparently having health issues that could possibly be improved using rehabilitation services.

The rehabilitation equipment market is estimated at US $ 4.264 billion in 2022 and is anticipated to increase at a compound annual growth rate of 4.41% over the forecast period to reach a total market size of US $ 5.767 billion by 2029. 

Market Drivers

• The growing prevalence of chronic diseases around the globe drives the rehabilitation equipment market growth.

Chronic diseases are a rising trend among the elderly population who are having chronic illness. Conditions like stroke, arthritis, and Alzheimer’s disease will lead to nerve loss which would make it hard to move the body and accomplish daily chores. Luckily, rehabilitation therapy turns out to be an effective tool for those who suffer paralysis as a result of severe spinal injury. Rehabilitation tools play a vital role in this process as these tools, give assistance and help the patients with mobility and functioning. Whether it's the general fixing of clothes or stability for walking, it is equipment that handles chronically ill people and helps in daily activities for those who cannot walk on their own.

For instance, according to the Stroke Awareness Foundation published article in July 2023, it states that the United States witnesses more than 795,000 stroke cases per year. Every 40 seconds a stroke happens, and every 4 minutes, the people will become stroke victims. Stroke has been responsible for more than 140 thousand lives lost annually. The figure discloses the male statistics with 40% of the total number of deaths related to strokes, while the other 60% are attributed to females.

• The increasing aged population propels the rehabilitation equipment market growth.

Interestingly, an upsurge in the number of individuals over the age of 65 is expected with the universal aging of the world's population in the future years. It is the case that this group of people, by reason of getting older and being more susceptible to age-related diseases, will likely find the need for rehabilitation services. On this account, there will be an overwhelming surge in the need for rehabilitation equipment. It is expected that, due to the growing number of people wishing to obtain the therapy that either restores or maintains their walking and functioning capabilities, there will be a notable expansion in the market for aids in this process.

For instance, according to the United Nations “Department of Economic and Social Affairs” published article in 2023, it states that All regions and areas of the world now encompass population aging, and this phenomenon is expected to continue in the next decades. Developed countries, most particularly, are believed to develop into an even more advanced phase of aging population, with the proportion of older people growing from 20% this year to 28% in 2050.

• The growing technological developments boost the rehabilitation equipment market growth.

The rehabilitation equipment industry undoubtedly is enduring an ongoing transformation. Modern innovative technologies like virtual reality, exoskeletons, and robots are being engaged, which makes higher efficiency, usability, and availability of the equipment possible. VR creates the atmosphere of therapy, whereas exoskeletons and robots provide motor tasks and pattern support. Additionally, pain management is developing with implanted technologies. These innovations are not only working towards the betterment of rehabilitation outcomes but also making the equipment simpler for patients as well as therapists to use. Consequently, it makes this equipment available and affordable to many more people.

For instance, in August 2023 Vicon's markerless motion capture technology can revolutionize rehabilitation equipment with its extraordinary precision. For example, Imagine the future where physiotherapy is no longer tied down by heavy suits. As this technology facilitates home patient monitoring, which in turn empowers therapists to customize exercises and supervise progress in real time. This innovation is supposed to improve the accessibility and convenience of rehabilitation.

For instance, The name "The Muscle Whisperer" suggests that the MMG technology evolves the old perspective on muscle activity. This novelty could be the game-changer for the disciplines of biomechanics and rehabilitation by giving physiotherapists the ability to visualize the muscle movements more realistically which could lead to more accurate and efficient treatment options.

North America is expected to grow.

North America is on the verge of rapid growth in rehabilitation services as a result of the combination of different contributing causes. At first older persons living with chronic diseases such as arthritis will increase the demand for rehabilitation care. Furthermore, the higher healthcare expenditure makes room for the acquisition of the latest technologies. At last, North America's technological advances and quick acceptance of innovative treatments like VR therapy and exoskeletons improve the quality and significance of healing treatments for patients. This portfolio of factors puts the North American region in the leading position in the upcoming years.

For instance, according to the Government of Canada published article in October 2023, it states that the Canadian government has collaborated with partner organizations for more than $26 million in order to improve the integrated healthcare treatment. Thus, this project enables the team to compile various ways in which the funds are being used to address difficult issues such as chronic pain management and distant healthcare delivery to remote regions. The government's main goal is to improve the quality of healthcare and to increase health outcomes by promoting the integration of care providers.

Market Challenges

• Coverage from insurance may be restricted to a certain amount may hinder the rehabilitation equipment market growth.

Usually, medical insurance policies for rehabilitation equipment can be complex and restrictive, thus leading to patients suffering from financial issues when they need to get the required equipment.

• High equipment costs may curb the rehabilitation equipment market growth.

Many rehabilitation equipments, such as exoskeletons and robotic devices, are inaccessible due to their high cost and this leads to the patients and healthcare facilities on tight budgets being affected.

Key Developments

• In January 2024: The GyroGlove made by GyroGear utilizes a fast-spinning gyroscope to address tremors that are characteristic of Parkinson's disease. This groundbreaking wearable technology not only recovers their ability to detect day-to-day activities such as writing or gripping a cup but also increases their quality of life.

Company Products

• Maxi Sky 2: The Maxi Sky 2 ceiling lift system is designed for use in such settings as rehabilitation and long-term care facilities by caregivers who look to ensure safe and successful mobility. The handset control is easy to operate, as well as has a bright display that is visible even under harsh lighting conditions. It also comes in different capacities to meet the needs of individuals or team needs in control weighing applications within the laboratory or industry.

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