Rehabilitation Equipment Market: Global Industry Analysis and Forecast (2023-2029)

The Rehabilitation Equipment Market size was valued at USD 14.84 Bn. in 2022 and the total Rehabilitation Equipment revenue is expected to grow by 6% from 2023 to 2029, reaching nearly USD 22.31 Bn.
Rehabilitation Equipment Market Overview:
Rehabilitation is a treatment used to help people recover from injury, illness, or disease by using therapy and counseling. Since a wide variety of equipment is reusable in nature, their adoption is growing among clients. The growing incidence of disabilities caused by noncommunicable diseases, favorable healthcare reforms, and fast growth in the geriatric population, combined with the increasing prevalence of chronic diseases, are the major factors driving the growth of the rehabilitation equipment market. However, the high costs and maintenance expenses of rehabilitation equipment are smart accessible gadgets that increase the opportunities for the rehabilitation equipment market's future growth.

Mobility, walking assist, body support, therapy, and continuous passive motion (CPM) devices are some of the most commonly used rehabilitation equipment. These solutions are used to help prevent secondary disabilities and improve range of motion, muscle strength, and strength, coordination, and endurance. This, in turn, helps to reduce the risk of mental and physical complications, which is why it is widely used in physiotherapy and occupational therapy procedures. The favorable insurance and reimbursement policies in the developed world's healthcare sector are also boosting the rehabilitation equipment market.To know about the Research Methodology :- Request Free Sample Report
Rehabilitation Equipment Market Report Scope:
The rehabilitation equipment market is segmented based on Product, Application, End-use Industry, and Region. The growth of various segments helps report users in acquiring knowledge of the many growth factors expected to be prevalent throughout the market and develop different strategies to help identify core application areas and the gap in the target market. The report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies.

A bottom-up approach has been used to estimate the market size. Key Players in the rehabilitation equipment market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. Some of the leading key players in the global Rehabilitation Equipment market include Baxter International, Invacare Corporation, Amigo Mobility International, and Argo Medical.
Rehabilitation Equipment Market Dynamics:
Rehabilitation Equipment Market Drivers

Musculoskeletal disorders are becoming more common, which boosts market statistics

The growing prevalence of musculoskeletal disorders drives the growth of the rehabilitation equipment market. Musculoskeletal disorders are common, and their impact is widespread. They are the leading cause of severe long-term physical disability and pain in millions of people worldwide. According to the World Health Organization (WHO), 25% to 30% of people worldwide are currently suffering from a painful musculoskeletal condition. As a result, a large number of people around the world are being hospitalized in musculoskeletal rehabilitation centers, which is increasing the demand for rehabilitation equipment, which in turn, is expected to .

Patients seeking treatment in musculoskeletal rehabilitation centers prefer to be treated for sports injuries, tumors, osteoporosis, back pain, amputation, and repetitive stress injuries such as tendonitis and carpal tunnel syndrome, among other things. Thus, occupational and vocational rehabilitation therapy is becoming more accessible to such patients. Several therapeutic devices are widely used in rehabilitation centers to help patients achieve the highest level of function and independence. Some physiotherapists are increasingly using low-level laser therapy (LLLT) to treat a variety of musculoskeletal conditions. LLLT applications such as inflammation reduction, pain relief, and accelerated tissue regeneration are significant for physiotherapy and can be used to supplement other treatments such as therapeutic exercise.Increasing injuries to impact the rehabilitation equipment market

Manual handling of disabled patients can cause serious musculoskeletal injuries in caregivers. Caregivers must reach over the stretcher to the bed and physically pull the patient across onto a stretcher, which increases the risk of back injuries. This movement forces caregivers' bodies into awkward postures, which can result in musculoskeletal discomfort. Injuries at healthcare facilities have both direct and indirect costs direct costs include expenses incurred in the treatment of injuries and total man-days lost at work, while indirect costs are difficult to quantify and include caregivers' diminished function. Workers in healthcare facilities report significant pain from work injuries even months later.

Injuries to caregivers also have an impact on patient care because there are typically no provisions for replacing injured workers on an immediate basis. Thus, fewer caregivers are required to move and lift the same number of patients, lowering the quality of care, particularly for patients with limited mobility. As a result, the length of stay of patients in hospitals increases, increasing overall healthcare expenditure. Following the implementation of safe rehabilitation care programs, various rehabilitation equipment such as mobility solutions (including wheelchairs and patient lifts) are now being used in healthcare facilities.

Manual handling of patients while transferring them from one location to another across rehabilitation care centers causes caregiver injuries. This results in missed workdays and lost income, as well as jeopardizing patients' health and well-being. In order to overcome these obstacles. Healthcare facilities are focusing on providing the best possible care without putting their employees in danger. As a result, the demand for tools such as patient lifts, slings, and wheelchairs has increased, fueling the growth of the rehabilitation equipment market.

Rehabilitation Equipment Market Restraints

Lack of skilled workers

The growth of the Rehabilitation Equipment Market is expected to be hampered by a general lack of awareness about how to use rehabilitation equipment properly. A lack of timely assistance and rehabilitation after a stroke, for example, can have serious consequences for the body's functioning. This lack of awareness can also lead to patients completely ignoring the symptoms of critical conditions, negatively impacting rehabilitation adoption.

The effects of this factor are made worse by a lack of adequate infrastructure and manpower in nations like Malaysia and Taiwan, where it is a significant problem. In this situation, patient access to rehabilitation and related equipment is also impacted. Access to rehabilitation equipment is also restricted by other factors, such as inadequate referrals and family members' ignorance of available rehabilitation services. Access to rehabilitation services for people with disabilities is limited in low- and middle-income countries. According to the evidence, people with disabilities face numerous barriers to accessing healthcare services. The Rehabilitation Equipment Market's growth is being hampered by a lack of access to rehabilitation services.

Rehabilitation Equipment Market Opportunity

Recent Advances in Rehabilitation Equipment to boost the market

The advancement of technology has resulted in the creation of advanced medical equipment such as anti-gravity treadmills and robotics to assist patients with mobility. Rehabilitation robots assist therapists in providing exercises that aid in the recovery of patients suffering from neurological impairments, stroke, or other traumatic brain injuries. Robots can help patients perform up to ten times the number of repetitions they would normally do in a one-hour session. These advancements support powerful hip and knee motion, allowing patients to move freely and promote recovery.

Additionally, anti-gravity robotic treadmills enable patients with neurological conditions to regain or enhance their ability to move or walk. Patients can exercise and improve their gait while experiencing less pain and pressure on their joints and bones thanks to anti-gravity robotic treadmill equipment. The use of cutting-edge technology in the rehabilitation equipment market has been extremely beneficial for patients all over the world. Robotics and software developments help therapy professionals reach more patients, provide more accurate diagnoses, and improve clinical proficiency.

Growing demand for home healthcare services

Globally, an increasing number of government regulations are being implemented to shorten the duration and cost of healthcare treatments. The provision of services at a patient's home is typically more cost-effective than in institutions, especially if available informal care is used effectively. Moreover, with the evolution of new technologies such as remote patient monitoring, the home care segment is expected to grow significantly in the forecast years. In the forecast years, the growing demand for home care drives up demand for equipment used to treat patients in home care settings, such as patient transfer devices, mobility devices, and medical beds. As a result, these factors are boosting the rehabilitation equipment market growth through the forecast period.

Rehabilitation Equipment Market Challenges

Issues with reimbursement

Reimbursement is a critical factor that influences the use of rehabilitation equipment. A number of products in this market are expensive and may be out of reach for patients; in such cases, they would have to rely on reimbursement to obtain the equipment. In the United States, various organizations, including Medicare and Medicaid, provide only limited coverage for rehabilitation equipment such as hospital beds, patient lifts, commode chairs, crutches, walkers, and manual and electric wheelchairs and scooters. Furthermore, because Medicare rules prohibit suppliers from charging more than the Medicare-approved amount for equipment, this coverage is only available for purchases or rentals from Medicare suppliers.

The complexity of the enrollment procedure (for obtaining reimbursements for rehabilitation equipment) is a significant barrier for patients and potential customers. Furthermore, rehabilitation equipment can only be reimbursed if it is prescribed by a doctor/physician for a specific medical condition. This may impede the use of rehabilitation equipment for home care.
Rehabilitation Equipment Market Segment Analysis:
Based on Product, The rehabilitation equipment market is divided into four product categories: mobility equipment, daily living aids, body support devices, and exercise equipment. With a 37.1% market share in 2016, the mobility equipment segment dominated the overall market. Because of the growing geriatric and handicapped population worldwide, this segment is expected to maintain its dominance over the forecast period. Mobility devices are further subdivided into wheelchairs and scooters and walking assist devices. Walking assist devices are the most basic type of mobility equipment, and they are preferred by the target population due to their low cost and ease of use.

Daily living aids are expected to be the second-largest product type segment during the forecast period. This segment is expected to grow at a CAGR of 7.4% during the forecast period and is further subdivided into medical beds, bathroom & toilet assist devices, and reading, writing, & computer aids. Daily living aids are products used by physically disabled people, patients with physical limitations, and patients recovering from surgery to help them complete daily tasks and activities. With an increase in the number of such patients, the demand for daily living aids is expected to rise in the forecast years.

The remaining segment of the rehabilitation devices market by product type is exercise equipment and body support devices. In 2022, these segments accounted for nearly 38.2% of the market. Handgrip exercisers, pedo cycles, arm, chest, and foot exercisers, multi-exercise chairs, hand gym kit boards, compact shoulder wheels, hand exercise tables, shoulder wheels, and so on are examples of rehabilitation exercise equipment. Patient lifts and slings, on the other hand, are part of the body support segment. The market is expected to expand significantly as demand for these products rises.Based on the Application, The rehabilitation equipment market is divided into two applications: physiotherapy and occupational therapy. The physiotherapy segment includes exercise equipment used in the rehabilitation of patients following trauma or the onset of degenerative diseases. Occupational therapy takes a more holistic approach.

Factors such as an aging population, changing lifestyles, an increase in the number of physiotherapy centers, and favorable healthcare reforms are expected to propel the market during the forecast period. Furthermore, technological advancements such as the development of virtual reality, exoskeletons, robots, and implantable pain management technologies, as well as rising demand in emerging economies, are significant drivers of rehabilitation equipment in physiotherapy. Physiotherapy employs a variety of techniques to improve, maintain, and restore a person's physical strength and mobility following an injury, surgery, or illness.

Occupational therapy is used to perform a thorough evaluation of the patient, the patient's family, and the patient's surroundings in order to enable the patient to perform daily activities easily. The goal of occupational therapy is to encourage patients to participate in daily activities. This rehabilitation equipment market is expected to grow at a 6.7% CAGR during the forecast period.

Based on the End-use, The rehabilitation devices market is divided into hospitals and clinics, rehab centers, home care settings, and physiotherapy centers based on end-use. In 2022, hospitals accounted for nearly 35.1% of the total. This segment is expected to grow significantly over the forecast period due to the large patient pool of hospitals.

Revenue for rehab centers is expected to rise over the forecast period as a result of increased physiotherapy awareness, technological advancements in physiotherapy centers, and the rising prevalence of noncommunicable diseases such as arthritis and Parkinson's disease. The increase in rehab center penetration in emerging economies is expected to result in significant growth of rehab centers during the forecast period.

In 2022, home care settings and physiotherapy centers accounted for nearly USD 4.3 billion of the total rehabilitation equipment market. Because home care is more cost-effective than hospitals, there has been a shift in long-term care from hospitals to home care.
Regional Insights:
North America is expected to hold a significant market share and continue to do so during the forecast period. The rising prevalence of chronic diseases, the increasing incidence of chronic diseases such as Parkinson's, Alzheimer's, and arthritis, the rising demand for rehabilitation therapies, and the presence of numerous major players are driving the growth of the rehabilitation equipment market in the United States. Patients with severe COVID-19 experience improved health outcomes as a result of rehabilitation. For instance, the COVID-19 rehab program was introduced by Mayo Clinic in the United States in September 2020. To address the pressing need and severe lack of rehabilitation programs for COVID-19 patients, SWORD Health, a provider of digital therapy, introduced a remote pulmonary rehabilitation program in May 2020.

According to the National Institute of Environmental Health Sciences, the risk of contracting a chronic disease in the United States is rising dramatically due to an aging population. This indicates that chronic diseases will affect the majority of Americans in the coming decades. This situation creates a critical need for rehabilitation equipment, which drives the overall market growth. Moreover, 61 million Americans have disabilities that make traveling outside the home challenging, according to the Centers for Disease Control and Prevention 2020. Additionally, the population over the age of 60 was estimated to be around 53,340 thousand in 2019 and to increase to 70,842 thousand by 2030, per data from the UN Department of Economic and Social Affairs. Over the forecast period, there will likely be an increase in demand for these lifting devices due to the growing elderly population, which is more prone to mobility problems.

Increasing research and development activities for advanced products are also driving the market growth. For example, Honda R&D Americas Inc. and Ohio State University received a grant from The Michael J. Fox Foundation (MJFF) in February 2020 to investigate the safety and potential positive impact of Honda's Walking Assist Device in helping people with Parkinson's disease (PD). Increasing government initiatives to promote safe patient handling, as well as reimbursement programs such as Medicare, are expected to drive the rehabilitation equipment market in this region.

Asia Pacific is expected to be the fastest-growing regional market, with a lucrative CAGR of 9.2% during the forecast period. Emerging economies, such as India and China, are the most profitable markets due to an increasing patient pool, improved public and private reimbursement infrastructure, and continuous development of healthcare facilities. Growing awareness of rehabilitation equipment, a growing number of physicians, and supportive government programs and policies are expected to drive growth in this region. The rapid adoption of new products by patients is also contributing to the growth of the rehabilitation devices market. In 2022, Europe's share ranked second. Due to the slowing of both economic growth and the healthcare sector, the European market for rehabilitation devices is predicted to grow slowly. In addition, a change in the regulatory environment is anticipated to impede the expansion of the market for rehabilitation devices in Europe.
Rehabilitation Equipment Market Scope: Inquire before buying



Rehabilitation Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 14.84 Bn.


Forecast Period 2023 to 2029 CAGR:
6%
Market Size in 2029:
US $ 22.31 Bn.


 Segments Covered:
by Product
1. Daily Living Aids
1.1.  Medical Beds
1.2. Bathroom & Toilet Assist Devices
1.3. Reading Writing & Computer Aids
2. Mobility Equipment
2.1. Wheelchairs & Scooters
2.2. Walking Assist Devices
3. Exercise Equipment
3.1. Lower Body Exercise Equipment
3.2. Upper Body Exercise Equipment
4. Body Support Devices
4.1 Patient Lifts
4.2 Medical Lifting Slings


by Application
1. Physiotherapy
2. Occupational Therapy


by End-use
1. Hospitals & Clinics
2. Rehab Centers
3. Home Care Settings
4. Physiotherapy Centers



Rehabilitation Equipment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Baxter International (US)
2. Invacare Corporation (US)
3. Amigo Mobility International (US)
4. Argo Medical (US)
5. Medline Industries (US)
6. Coalfax (US)
7. Dynatro nics Corporation (US)
8. Access Rehabilitation Group (US)
9. Drive DeVilbiss Healthcare (US)
10. GF HEALTH PRODUCTS (US)
11. Stryker (US)
12. Carex Health Brands (US)
13. Esko Bionics (US)
14. Maddak, Inc (US)
15. Roma Medical (UK)
16. Drive DeVilbiss Healthcare (UK)
17. Handicare Group AB (Sweden)
18. Hospital Equipment Mfg. Co. (India)
19. India Medico Instruments (India)
20. Changzhou Qian Jing Rehabilitation equipment (China)

Frequently Asked Questions:

1] What equipment is best for rehabilitation?
Ans. The Top Five Pieces of Home Rehabilitation Equipment Exercise Ball for Stability Stability balls are an excellent tool for any type of exercise, but they are particularly useful for improving overall core strength, stability, and flexibility. Yoga Mat, Soft Weights, Resistance Bands, Bike that is stationary.

2] What is the equipment physiotherapist use?
Ans. Walking canes such as quad canes, forearm canes, white canes, and so on are examples of common physiotherapy machines for mobility range. Crutches such as axillary crutches, platform crutches, and forearm crutches are examples of crutches. Rollators, knee-walkers, and other types of walkers.

3] What equipment is used in rehabilitation centers?
Ans. Balance Boards, Bicycles, Cardiovascular Equipment, Dumbells, Stretching, Exercisers for the Fingers and Hands, Exercise & Fitness Balls, Platforms, and floor mats are examples of common Rehabilitation Equipment.

4] What exercises are recommended for specific injuries in physical therapy?
Ans. Resistance band exercises are among the best physical therapy exercises after an injury. Patients can use resistance bands to gradually increase the stress on their muscles as they gain strength. Exercises with a therapy ball. Balance and wobble board exercises. Foam roller exercises. Plyometrics, Biofeedback, Pilates.

5] What is the main goal of a rehabilitation facility?
Ans. "The ultimate goal of a rehabilitation hospital is to help patients recover and return to functioning as independently in their homes as possible." The ultimate goal of a rehabilitation hospital is to assist patients in recovering and resuming as much independence as possible in their homes.