The global rehabilitation equipment market accounted to USD 9.68 billion in 2016 growing at a CAGR of 8.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Rehabilitation equipment is a re-usable guide which helps the patient with their day to day activities. It plays an important role in enhancing the quality of life of the sick, aged, disabled, injured populace in order to achieve greater independence and participation in the society.
Major market drivers and restraints:
- Increase in non-communicable diseases which leads to disabilities
- Growing geriatric population
- Favorable healthcare support
- High cost and maintenance expenditure
On the basis of types, global rehabilitation equipment market is segmented into mobility, body support, exercise and living aids. Mobility is sub segmented into wheelchair and assist device. Body support is sub segmented into lift and sling. Exercise is sub segmented into upper body and lower body. Living aids is sub segmented into reading and writing. Here, living aids accounted the largest market share in 2016 due to increase in non-communicable diseases.
On the basis of application, global rehabilitation equipment market is segmented into physiotherapy and occupational therapy (OT). Physiotherapy segment accounted the largest market share in 2016 due to increasing needs amongst aged people and disabled patients
On the basis ofend user, global rehabilitation equipment market is segmented into hospital, clinic, and homecare. Hospital and clinics accounted the largest market share in 2016 due to increasing sports injuries, favorable reimbursement policies and high quality treatment.
On the basis of geography, global rehabilitation equipment market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The global rehabilitation equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes rehabilitation equipment market shares for global, Europe, North America, Asia Pacific, and South America.
Major Market Competitors:
The major players dominating the global rehabilitation equipment market are Invacare Corporation, Amigo Mobility International, Inc., Argo Medical , Medline Industries, Inc., followed by Dynatronics Corporation , Access Rehabilitation Group, Drive DeVilbiss Healthcare, GF HEALTH PRODUCTS, INC., Changzhou Qian Jing Rehabilitation equipment Co., Ltd., Stryker, Carex Health Brands Inc., Medline Industries, Inc., Roma Medical, Caremax Rehabilitation Equipment Co. Ltd., Hospital Equipment Mfg.Co., and Drive DeVilbiss Healthcare LLC among others.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.