The Research Report analyzes and studies the major Rehabilitation Equipment Market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (Row).
Rehabilitation Equipment Market growth can be attributed to factors such as increased 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.
The Global Rehabilitation Equipment Market is expected to reach $14.91 billion, at a CAGR of 8.6% during the forecast period.
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.
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Rehabilitation Equipment Market segmentation:
· based on the type
· based on application
· based on end users
· based on regions.
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Home care settings form the fastest growing in the Rehabilitation Equipment Market end-user segment.
Hospitals and Clinics:
The dominance of this segment in the Rehabilitation Equipment Market is mainly attributed to the higher quality of treatment provided in hospitals and clinics, as opposed to other end-user segments. Developments in healthcare systems and competition between hospital-based rehabilitation service providers, which have enhanced the quality of care provided, have also contributed to market growth. The growth of the elderly and disabled populations, who are completely dependent on caregivers for daily activities, is another key driver of market growth for this segment.
The Major Players Operating in the 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), Carex Health Brands (US), Roma Medical (U.K.), Caremax Rehabilitation Equipment Co. Ltd. (China), GF Health Products, Inc. (US), and Hospital Equipment Manufacturing Company (India).
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Geographical Detailed Analysis for the Rehabilitation Equipment Market:
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 the geriatric population, and the presence of many players in Europe are driving the growth of the European Rehabilitation Equipment Market.