Rehabilitation Equipment Market Worth $16.6 billion by 2025 | Recent Developments, Segmentation & Geographical Analysis

PUNE, India, 2020-Jul-20 — /EPR Network/ —

The growth of this market is driven by the increasing incidence of chronic diseases and the rising geriatric population. However, a lack of awareness and access to rehabilitation services in emerging markets is expected to restrain the growth of this market during the forecast period.

How the Market Growth looks like and Industry Segmentation?

The Global Rehabilitation Equipment Market is projected to reach USD 16.6 billion by 2025 from USD 12.9 billion in 2020, at a CAGR of 5.2%.

Therapy equipment segment is projected to grow at the highest CAGR during the forecast period.

rehabilitation products market, is segmented into therapy equipment, daily living aids, mobility equipment, exercise equipment, and body support devices. The therapy equipment segment is projected to register the highest growth rate during the forecast period. The growth of this segment is primarily attributed to the increasing incidence of various injuries and chronic conditions.

Based on end user, the home care settings segment is projected to grow at the highest CAGR during the forecast period.

Based on end user, the rehabilitation equipment market is segmented into hospitals and clinics, rehabilitation centers, physiotherapy centers, home care settings, and other end users. The home care settings segment is projected to grow at the highest CAGR during the forecast period. The growth of this end-user segment can be attributed to the increasing focus on reducing healthcare costs and government initiatives to promote home healthcare. In addition, healthcare spending for home services has grown significantly, reflecting an increase in the use of home-based services.

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Rehabilitation Equipment Market By Application;

• Physical Rehabilitation & Training
• Occupational Rehabilitation & Training
• Strength, Endurance, & Pain Reduction

Recent Developments;

• In January 2020, Medline Industries, Inc. (US) acquired Médi-Sélect (Canada), a medical and dental supplies distributor, to expand its geographical presence and position in the Quebec market.
• In November 2019, GF Health Products, Inc. (US) launched the Lumex Clinical Care Recliner.
• In January 2018, GF Health Products, Inc. (US) acquired Intensa, Inc. (US) This acquisition allowed GF Heath Products to expand its existing product portfolio in medical/laboratory seating, casework, furniture, and equipment.

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Geographical Analysis in Depth:

Based on region, the rehabilitation equipment market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2019, Europe accounted for the largest market share. Factors such as supportive government initiatives for safe patient handling, rising geriatric population, and the high burden of chronic conditions are driving the growth of the European rehabilitation equipment market.

Who are the key players operating in the rehabilitation equipment market?