Growth Opportunities in Rehabilitation Equipment Market 08 JULY 2019
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) - Forecasts to 2021", 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.
The Research Report analyzes and studies the major market drivers, restraints, opportunities,
and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
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The growth of this market 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.
In this report, the Rehabilitation Equipment Market has been segmented on the basis of type,
application, end user, and region. Based on type, the Rehabilitation Equipment Market is
segmented into mobility equipment, body support devices, exercise equipment, and daily living
aids. In 2016, the daily living aids segment accounted for the largest share of the market.
Browse and in-depth TOC on "Rehabilitation Equipment Market"
154 - Tables
31 - Figures
162 - Pages
On the basis of end user, the Rehabilitation Equipment Market is segmented into hospitals &
clinics, rehabilitation centers, physiotherapy centers, and home care settings. In 2016, the
hospitals & clinics segment accounted for the largest share of the Rehabilitation Equipment
Market. This can be attributed to factors such as higher quality of treatment provided in
hospitals and clinics, as opposed to other end-user segments, increasing sports injuries, the
growth of the disabled and aged populations, and supportive reimbursement policies for
hospital treatment.
Based on region, the Rehabilitation Equipment Market is segmented into North America,
Europe, Asia-Pacific, and the Rest of the World (RoW). In 2016, 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 Rehabilitation Equipment Market.
The Rehabilitation Equipment Market is fragmented in nature with several big and emerging
players. This market is dominated by key players such as Invacare Corporation (U.S.), Medline
Industries, Inc. (U.S.), Dynatronics Corporation (U.S.), Drive DeVilbiss Healthcare (U.S.),
Changzhou Qian Jing Rehabilitation Co., Ltd. (China), Carex Health Brands (U.S.), Roma Medical