The global Rehabilitation Equipment Market by Type is expected to reach 14.91 Billion, at a CAGR of 8.6%.
The growth of this industry is mainly driven by factors such as growing incidence of disabilities resulting from non-communicable diseases, favorable healthcare reforms, and rapid growth in the geriatric population coupled with the rising prevalence of chronic diseases. However, a high cost & maintenance expense of rehabilitation equipment is the key factor that is expected to restrain the growth of this market to a certain extent.
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Rehabilitation Equipment Market by Type
In this research study, Rehabilitation Equipment Market has been segmented on the basis of type, application, end user, and region. Based on the type, the rehabilitation equipment market is segmented into mobility equipment, body support devices, exercise equipment, and daily living aids.
Rehabilitation Equipment Market by Type:
Based on the type, the rehabilitation equipment market is segmented into mobility equipment, body support devices, exercise equipment, and daily living aids. Mobility equipment is projected to register the highest CAGR during the forecast period. The growth in the number of elderly people suffering from orthopedic impairments is creating a demand for mobility equipment worldwide enabling it to be the fastest growing market among rehabilitation equipment type.
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Home care settings form the fastest growing end-user segment.
Hospitals and Clinics;
The dominance of this segment in the Rehabilitation Equipment Market by Type is mainly attributed to the higher quality of treatment provided in hospitals and clinics, as opposed to other end-user segments. Developments in healthcare systems and competition between hospital-based rehabilitation service providers, which have enhanced the quality of care provided, have also contributed to market growth. The growth of the elderly and disabled populations, who are completely dependent on caregivers for daily activities, is another key driver of market growth for this segment.
Rehabilitation centers;
Rehabilitation centers usually provide long-term care as per the patient’s needs. Patient preference for rehabilitation centers has risen in recent years due to the presence of a skilled and specialized workforce at these centers. They also specialize in post-operative care and physical therapy.
Home Care Settings;
Home care is primarily targeted at patients recovering after a hospital stay or those who need additional support to avoid unnecessary hospitalization. The rehabilitation equipment used in home care settings include medical beds, patient lifts, power-operated vehicles like wheelchairs and scooters, and bathing and wound care equipment & accessories.
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