Rehabilitation Equipment Market

Global Rehabilitation Equipment Market:

The global rehabilitation equipment market size reached US$ 14.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032. Aging population, the rising prevalence of chronic diseases, ongoing technological advancements, the increasing healthcare expenditure, and supportive government initiatives are primarily driving the market growth.

Rehabilitation Equipment Market Analysis:

• Major Market Drivers: The increasing prevalence of various chronic and non-communicable diseases, such as cancer, arthritis, and Parkinson’s, especially amongst the rising geriatric population, is facilitating the extensive utilization of rehabilitation equipment across clinics, hospitals, home care settings, and rehabilitation and physiotherapy centers, thereby proliferating the rehabilitation equipment market demand.
• Key Market Trends: The increasing investments in research and development (R&D) activities, rising consumer healthcare expenditure, and the numerous favorable initiatives undertaken by the governments and non-government organizations (NGOs) of various countries for strengthening the existing healthcare infrastructure, are creating a positive outlook for the market.
• Competitive Landscape: Some of the prominent rehabilitation equipment market companies include Access Rehabilitation Group, BTL, DeVilbiss Healthcare LLC, DJO Global Inc. (Colfax Corporation), Dynatronics Corporation, GF Health Products Inc., Hill-Rom Holdings Inc. (Baxter International), Invacare Corporation, Joerns Healthcare LLC, Medline Industries LP, Roma Medical Aids Limited, and Tyromotion GmbH, among many others.
• Geographical Trends: According to the rehabilitation equipment market dynamics, the aging population in the North American region, combined with the increasing prevalence of chronic diseases and disabilities, drives demand for rehabilitation equipment. Moreover, Europe has a mature healthcare system with a strong emphasis on patient rehabilitation and welfare, further proliferating the industry growth.
• Challenges and Opportunities: The high initial cost of the equipment, strict regulatory requirements, and growing competition among key players are hampering the market growth. However, the increasing aging population and rising prevalence of chronic diseases create an escalating demand for rehabilitation equipment. Innovations that cater to these demographic trends, such as devices for mobility support and chronic pain management, present significant market opportunities.

Rehabilitation Equipment Market Trends:

Rising Participation in Sports Activities

Participation in sports and physical activities has grown globally, leading to a higher incidence of sports-related injuries. For instance, according to the Bureau of Labor Statistics, nearly 19% of the United States population participated in sports and exercise every day in 2019. Also, according to an article published by the American Academy of Orthopedic Surgeons, from 2015 to 2019, high school athletic trainers reported nearly 15,500 injuries throughout 6,778,209 AEs, for an overall rate of 2.29 injuries per 1,000 AEs. Athletes, both amateur and professional, often require rehabilitation equipment to aid in recovery from injuries, such as sprains, strains, fractures, and ligament tears. These factors are expected to drive the rehabilitation equipment market growth in the coming years.

Prevalence of Musculoskeletal Disorders

The surging prevalence of musculoskeletal disorders (MSDs) is one of the key factors driving the growth in the rehabilitation equipment market. With populations in many countries aging, there is a higher incidence of degenerative musculoskeletal conditions, such as osteoarthritis, osteoporosis, and degenerative disc disease. For instance, according to the NHS, in 2022, 69% of persons aged 75 and over are expected to be living with a musculoskeletal ailment, compared to 23% of people aged 25-44. Similarly, according to the 2019 Global Burden of Disease (GBD) report, over 1.71 billion people worldwide suffer from musculoskeletal diseases, such as low back pain, neck discomfort, fractures, various injuries, osteoarthritis, amputation, and rheumatoid arthritis. These conditions often require rehabilitation equipment, such as joint braces, mobility aids, and assistive devices to support mobility and manage pain. These factors are further positively influencing the rehabilitation equipment market forecast.

Technological Advancements

Technological advancements are significantly driving the growth in the rehabilitation equipment market. Advanced technologies such as robotics, virtual reality, and AI enable more precise and effective rehabilitation therapies. These devices assist patients in performing repetitive movements with controlled intensity and range of motion. They can be used for walking, limb movement, and rehabilitation of specific body parts affected by injury or stroke. For instance, in May 2022, Samsung Electronics applied to the FDA for approval of their assistive robot "GEMS Hip," a wearable device that functions as an exoskeleton for people with mobility impairments, using an active assist algorithm to improve gait and muscle movement. These factors are further contributing to the rehabilitation equipment market share.

Global Rehabilitation Equipment Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global rehabilitation equipment market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product type, application, and end use.

Breakup by Product Type:

• Daily Living Aids
  • Medical Beds
  • Bathroom and Toilet Assist Devices
  • Reading Writing and Computer Aids
  • Others
• Exercise Equipment
  • Upper Body Exercise Equipment
  • Lower Body Exercise Equipment
• Body Support Devices
  • Patient Lifts
  • Medical Lifting Slings
• Mobility Equipment
  • Walking Assist Devices
  • Wheelchairs and Scooters
     

The report has provided a detailed breakup and analysis of the market based on the product type. This includes daily living aids (medical beds, bathroom and toilet assist devices, reading writing and computer aids, and others), exercise equipment (upper body exercise equipment, and lower body exercise equipment), body support devices (patient lifts and medical lifting slings), and mobility equipment (walking assist devices, and wheelchairs and scooters).

According to the rehabilitation equipment market overview, daily living aid devices are designed to help individuals perform activities of daily living (ADLs) independently or with minimal assistance. Examples include dressing aids, eating utensils with adaptive grips, and tools for personal hygiene. As the global population ages, there is a growing demand for specialized aids that assist older adults in maintaining their independence and quality of life. While exercise equipment devices are used in physical therapy and rehabilitation exercises to improve strength, flexibility, coordination, and cardiovascular fitness. Moreover, body support devices include orthotics, prosthetics, braces, and supports designed to assist or enhance bodily functions and movement.

Breakup by Application:

• Physiotherapy
• Occupational Therapy
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes physiotherapy and occupational therapy.

According to the rehabilitation equipment market outlook, physiotherapy focuses on restoring movement and function when someone is affected by injury, illness, or disability. Physiotherapists utilize a wide range of equipment including treadmills, stationary bikes, resistance bands, etc. depending on the patient’s condition and treatment goals. While occupational therapy focuses on helping individuals regain independence and functionality in daily activities. Occupational therapists use a variety of equipment and adaptations including adaptive utensils, voice recognition software, and braces tailored to the patient’s specific needs.

Breakup by End Use:

• Hospitals and Clinics
• Rehab Centers
• Home Care Settings
• Physiotherapy Centers
   

The rehabilitation equipment market report has provided a detailed breakup and analysis of the market based on the end use. This includes hospitals and clinics, rehab centers, home care settings, and physiotherapy centers.

Hospitals often require a wide range of rehabilitation equipment due to the diverse patient needs they serve. This includes advanced rehab machines like continuous passive motion (CPM) devices, ultrasound therapy units, electrical stimulation devices, and mobility aids (walkers, wheelchairs). While rehabilitation centers require a comprehensive range of equipment tailored to various forms of rehabilitation, including occupational therapy and speech therapy. Apart from this, physiotherapy centers require a mix of equipment for manual therapy and exercise-based rehabilitation.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

According to the rehabilitation equipment market statistics, North America has a well-established healthcare infrastructure with high adoption of advanced rehabilitation technologies. Aging population, high healthcare spending, and technological advancements drive the regional market. Moreover, government initiatives for healthcare improvement in Europe are propelling the market growth. Apart from this, Asia Pacific has a rapidly growing market due to improving healthcare infrastructure and rising healthcare expenditure.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include: 

• Access Rehabilitation Group
• BTL
• DeVilbiss Healthcare LLC
• DJO Global Inc. (Colfax Corporation)
• Dynatronics Corporation
• GF Health Products Inc.
• Hill-Rom Holdings Inc. (Baxter International)
• Invacare Corporation
• Joerns Healthcare LLC
• Medline Industries LP
• Roma Medical Aids Limited
• Tyromotion GmbH
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Rehabilitation Equipment Market Recent Developments:

• March 2024: Trilife Hospital, based in Bangalore, opened a 40-bed neuro rehabilitation and sports medicine center.
• February 2024: CARE Hospitals opened its sports medicine and rehabilitation center in Hyderabad.
• February 2024: Hawkin Dynamics launched Hawkin TruStrength, a portable athletic performance & rehabilitation device. 

Rehabilitation Equipment Market Report Scope:

Key Questions Answered in This Report:

• How has the global rehabilitation equipment market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global rehabilitation equipment market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end use?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global rehabilitation equipment market and who are the key players?
• What is the degree of competition in the industry?

Key Benefits for Stakeholders:

• IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the rehabilitation equipment market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global rehabilitation equipment market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the rehabilitation equipment industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.