According to the new market research 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”, published by MarketsandMarkets™.
The Global Rehabilitation Equipment Market is expected to reach $ 14.91 billion, at a CAGR of 8.6% during the forecast period
Major Market Developments:
- In February 2017, 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.
- In December 2016, Medline partnered with ViaQuest, Inc. (U.S.) to deliver ViaQuest Home Health and Hospice patient supplies across Indiana, Ohio, and Pennsylvania.
- In January 2017, 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
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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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.
Major Drivers For Rehabilitation Equipment Market:
- Increasing Incidence of Disabilities
- Favorable Healthcare Reforms
- Rapid Growth in Geriatric Population
- Technological Advancements
Increasing incidence of disabilities and rapid growth in the geriatric population are the major drivers for the market.
The key causes of disabilities are non-communicable diseases and injuries such as sports injuries, trauma cases and various other injuries. 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. NCDs are considered the leading cause for preventable disabilities such as paralysis and mental disorders among the patients.
Browse and in-depth TOC on “Rehabilitation Equipment Market”
154 — Tables
31 — Figures
162 — Pages
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The following are the major objectives of the study
- To define, describe, and forecast the Rehabilitation Equipment Market on the basis of type, application, and end user
- To provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the overall market
- To forecast the size of the market segments with respect to four main regions, namely, North America, Asia-Pacific, Europe, and the Rest of the World (RoW)
The Rehab 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)
The Rehabilitation Equipment Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Europe dominated the market, followed by North America. Factors such as supportive government initiatives for safe patient handling, growth in geriatric population, and the presence of a large number of players in Europe are driving the growth of the European market.
