Rehabilitation Equipment Market maintains the average annual growth rate a CAGR of 8.6%, The Research Analysts predict that in the upcoming few years, Rehabilitation Equipment market will be expanded to the next level.
Rehabilitation Equipment Market Research Report covers the Major Key Players data & analysis that includes market revenue, gross rate, profit, and distribution market etc., a competitive analysis that will help to know more about market competitors. This research report covers all the major regions and countries worldwide, that will help to know about regional growth rate (revenue) status, includes market size, the future forecast.
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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.
key players operating in the Global Rehabilitation Equipment Market;
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).
Major Drivers Impacting the Rehabilitation Equipment Market;
- Increasing Incidence of Disabilities
- Favorable Healthcare Reforms
- Rapid Growth in Geriatric Population
- Technological Advancements
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Physiotherapy Centers
Physiotherapy is a cost-effective method for preventing disabilities from becoming 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.
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.
Critical questions the report answers:
- 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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Major Market Developments:
- In Febuiary 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.