The report “Rehabilitation Equipment Market by Type (Mobility (Wheelchair, Assist Device), Body Support (Lift, Sling), Exercise (Upper, Lower Body), Living Aids (Reading, Writing)), Application (Physiotherapy, OT), End User (Hospital, Clinic, Home Care) — Forecast”, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Increasing incidence of disabilities and rapid growth in the geriatric population are the major drivers for the Rehabilitation Equipment Market.
Non-communicable diseases (NCDs) or chronic diseases are generally of long duration and slow progression. There are four major types of NCDs — cardiovascular disease (such as heart attacks and stroke), cancers, chronic respiratory disease (such as chronic obstructive pulmonary disease and asthma), and diabetes. The rising incidence of NCDs has correspondingly boosted cases of disability among patients; this is expected to drive the demand for rehabilitation equipment.
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Rehabilitation Equipment Market: Major Developments:
- Invacare upgraded the K series of its pioneering brand Küschall. The new active chair Küschall Champion SK is a sleek, smart, and lightweight folding wheelchair.
- Medline partnered with ViaQuest, Inc. (U.S.) to deliver ViaQuest Home Health and Hospice patient supplies across Indiana, Ohio, and Pennsylvania.
- Drive DeVilbiss Healthcare acquired Sidhil Group Limited (U.K.), a leading provider to homecare, acute care, and long-term care settings. This acquisition will expand Drive’s existing manufacturing capabilities in the U.K. while adding significant manufacturing expertise to the European platform.
Rehabilitation centers and Physiotherapy Centers are the fastest growing end-user 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.
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Physiotherapy Centers ( physical therapy rehabilitation equipment);
Physiotherapy is a cost-effective method for preventing disabilities from becoming a chronic condition and speeding up the recovery time for musculoskeletal, neurological, and surgical injuries, among others. The increasing incidence of various non-communicable diseases that can lead to various disabilities has driven the demand for assistive care in physiotherapy centers.
Critical questions the report answers (rehabilitation exercise equipment):
- Which of the end user market will dominate in the future?
- North America has immense opportunities for the growth of rehabilitation equipment, will this scenario continue?
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The rehabilitation equipment market is highly fragmented with the presence of several small and large players. Some of the prominent players in this market are Invacare Corporation (US), Medline Industries, Inc. (US), Dynatronics Corporation (US), Drive DeVilbiss Healthcare (US), Changzhou Qian Jing Rehabilitation Co., Ltd. (China), Carex Health Brands (US), Roma Medical (U.K.), Caremax Rehabilitation Equipment Co. Ltd. (China), GF Health Products, Inc. (US), and Hospital Equipment Manufacturing Company (India).
