Rehabilitation Equipment Market growth can be attributed to factors such as increased 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.
The Global Rehabilitation Equipment Market is projected to reach USD 14.91 billion, at a CAGR of 8.6%
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Rehabilitation Equipment Market by Type
Rehabilitation Equipment Market by Type:
Based on the type, the Rehab 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 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.
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Major Key Players in Rehabilitation Equipment Market:
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).
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