The increase in the integration of technology in rehabilitation equipment has significantly improved the quality and efficiency of the treatments. Remote monitoring, tele-rehabilitation, and wearable devices are some examples of technological advancements that can be further explored to enhance patient care and outcomes. Some of the technological advancements in the rehabilitation equipment market are mentioned as-
The focus on home healthcare and outpatient rehabilitation is a major factor influencing the rehabilitation equipment industry in the US and Europe. Several factors, such as the affordability of home-based care, patients' need for treatment in areas they are familiar with, and developments in telemedicine technologies that enable remote monitoring and consultation, have contributed to the treatment. This has made it possible for patients to receive therapy from the comfort of their homes which, in turn, reduces the need for physical visits to rehabilitation centers.
The rise in growing awareness among patients, caregivers, and healthcare professionals about the importance of rehabilitation in improving functional outcomes and overall well-being, leading to increased demand for rehabilitation equipment and services. As people become more aware, there is a larger need for cutting-edge rehabilitation technology that speeds up healing and promotes independence. Innovative solutions to support their rehabilitation process are actively looked after by empowered patients, which has increased the use of state-of-the-art technologies and individualized rehabilitation plans. This trend encourages patients and healthcare professionals to work together to develop customized rehabilitation plans drives the rehabilitation equipment market.
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Data Bridge Market Research analyzes that the U.S. Rehabiilitation Equipment Market is expected to grow at a CAGR of 6.7% in the forecast period of 2024 to 2031 and is expected to reach USD 9.34 billion by 2031 from USD 5.64 billion in 2023.
Europe Rehabiilitation Equipment Market is expected to grow at a CAGR of 7.2% in the forecast period of 2024 to 2031 and is expected to reach USD 7.45 billion by 2031 from USD 4.34 billion in 2023. The enterprise customer solutions segment is projected to propel the market growth due to the rising adoption rehabiilitation equipment.
Key Findings of the Study
Increasing Demand and Adoption for Growing Awareness and Acceptance of Rehabilitation Equipment
The need for therapy, counseling, and remote rehabilitation equipment related to mental health rehabilitation is being driven by the increasing awareness and elimination of mental health conditions, particularly among groups impacted by stress, anxiety, depression, trauma, and substance addiction.
The stigma associated with mental health has been reduced by coordinated efforts, more media attention, and promoting initiatives, which have helped to normalize and destigmatize these discussions. The public and celebrity community's ability to be transparent about their struggles with mental health issues has been vital in promoting acceptance and helping habits related to seeking care. Furthermore, the need for rehabilitation equipment, such as aids for mobility, assistive technology, and therapy instruments, that is specifically designed to meet the demands of elderly people is increasing. Preventive and early detection are increasingly given more importance, with a particular emphasis on fostering mental health literacy and offering assistance at the first indications of distress.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Year
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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By Product (Mobility Equipment, Exercise Equipment, Daily Living Aids, Body Support Devices, Electromedical Therapy Products, Game Based Therapy Devices and Others), Therapy (Physical Therapy, Occupational Therapy, Speech and Language Therapy, Cognitive Therapy and Others), Application (Orthopedic Rehabilitation, Neurological Rehabilitation, Oncology Rehabilitation and Others), Method (Conventional, and Tele-Rehabilitation), End User (Hospitals, Rehabilitation Centers, Skilled Nursing and Long Term Care Facilities, Sports and Fitness Centers, Home Health, and Others), Distribution Channel (Offline, and Online)
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Countries Covered
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U.S. and Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey and Rest of Europe
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Market Players Covered
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Invacare Corporation (U.S.), Dynatronics Corporation(U.S.), Hill-Rom Services, Inc (U.S.), Enovis (DJO LTD)(.(U.S.), EZ Way Inc.(U.S.), Roma Medical (Italy), and Medline Industries, LP. (U.S.), among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis
The Europe and U.S. rehabilitation equipment market is segmented into six notable segments based on product, therapy, application,method, end user, and distribution channel.
- On the basis of product, the market is segmented into mobility equipment, exercise equipment, daily living aids, body support devices, electromedical therapy products, and others
In 2024, the mobility equipment segment of product segment is expected to dominate the market
In 2024, the mobility equipment segment is expected to dominate the U.S. and Europe rehabilitation equipment market due to increasing demand driven by aging populations, rising prevalence of chronic conditions, and advancements in technology leading to improved mobility aids and assistive devices. The segment is expected to dominate the market with a market share of 31.87% in U.S. and 32.02% in Europe.
- On the basis of therapy, the market is segmented into Physical Therapy, Occupational Therapy, Speech and Language Therapy, Cognitive Therapy and Others
In 2024, the physical therapy segment of therapy segment is expected to dominate the market
In 2024, the physical therapy segment is expected to dominate the U.S. and Europe rehabilitation equipment market due to robust health care infrastructure, technological advancements, and a growing aging population driving demand for effective rehabilitation solutions with share of 68.37% in U.S. and 68.45% in Europe.
- On the basis of application, the market is segmented into orthopedic rehabilitation, neurological rehabilitation, oncology rehabilitation and others.
In 2024, the application segment of orthopedic rehabilitation segment is expected to dominate the market
In 2024, the orthopedic rehabilitation services segment is expected to dominate the U.S. and Europe market due to rising prevalence of orthopedic conditions, advancements in orthopedic technology, and the emphasis on evidence-based practice in clinical settings with a market share of 78.93% in U.S. and 78.90% in Europe.
- On the basis of method, the market is segmented into conventional, and tele- rehabilitation.
In 2024, the method segment of conventional segment is expected to dominate the market
In 2024, the conventional segment is expected to dominate the U.S. and Europe market due to established healthcare practices, widespread familiarity among healthcare professionals, and the availability of insurance coverage and reimbursement for traditional rehabilitation interventions with a market share of 83.46% in U.S. and 83.50% in Europe.
- On the basis of end user, the market is segmented into hospitals, rehabilitation centers, skilled nursing and long term care facilities, sports and fitness center, home health and others.
In 2024, the end user segment of hospitals segment is expected to dominate the market
In 2024, the hospitals segment is expected to dominate the U.S. and Europe rehabilitation equipment market due to large patient volume treated in hospital settings, coupled with the availability of specialized rehabilitation facilities and resources, driving demand for advanced equipment to support comprehensive patient care with share of 38.10%in U.S. and 38.37% in Europe.
- On the basis of distribution channel, the market is segmented into offline, and online channel.
In 2024, the distribution channel segment of offline segment is expected to dominate the market
In 2024, the offline segment is expected to dominate the U.S. and Europe market due to established distribution networks, strong relationships between manufacturers and physical therapy providers, and the preference for hands-on demonstrations and consultations in selecting rehabilitation equipment with a share of 61.47% in U.S. and 70.97% in Europe.
Major Players
Data Bridge Market Research analyses Medline Industries, LP (U.S.), Baxter International Inc. (Hillrom Services Inc.) (U.S.), Enovis(Djo Global,Inc) (U.S.), Invacare Corporation (U.S.), Drive Devilbiss Healthcare (U.S.) as the major rehabilitation equipment market players in the market
Market Development
- In September 2021, Baxter's proposed acquisition of Hillrom. Baxter expects the combination to result in approximately $250 million of annual pre-tax cost synergies by the end of year three. Any advantage from any new revenue growth opportunities arising from the combining of the two firms is not included in this estimate. In the first full year following closing, the transaction is anticipated to add low to double digits to Baxter's adjusted earnings per share (EPS); by the third year, the contribution is anticipated to exceed 20%.
- In April 2021, The global expert in cloud-based software for long-term post-acute senior care, PointClickCare Technologies, has partnered with Joerns Healthcare, a major provider of long-term post-acute medical equipment services. The recently released Joerns ConnexioTM platform (patent pending) allows facilities to fully automate equipment management and maximize their investment in electronic health records (EHRs). It does this by utilizing PointClickCare's Marketplace APIs to develop a valuable integration. partnering with Forces with PointWith ClickCare, providers can simplify linked care services, billing, and administrative procedures on a single platform thanks to an unrivaled integrated equipment management solution.
- In February 2024, Hunterdon went through Helping Hearts Heal and Hope Thrive: Cardiac Rehabilitation at Hunterdon Health: The cardiac rehab services offered by the institution have been designed for patients recovering from coronary artery disease procedures or heart attacks. Individuals who have undergone treatment for peripheral artery disease (PAD), received a heart transplant, or had their heart valves replaced are also eligible for these procedures. The institute also provides a program created by Dr. Dean Ornish that uses food, stress management, and exercise as part of a multifaceted approach to heart disease prevention and management. The 12-week curriculum consists of two 3-hour sessions per week.
- In October, Sunrise medicals completes strategic acquisition of ride designs.The world leader in cutting-edge assistive mobility solutions, Sunrise Medical, is happy to announce the strategic acquisition of Ride Designs, a well-known pioneer in the high-end custom seating systems for wheelchair users. Sunrise Medical's unique seating options, clinical knowledge, and servicing capabilities have all significantly expanded as a result of this acquisition, and they now provide an even wider choice of powered and manual mobility solutions.
- In April 2024, Select Medical and UF Health, Jacksonville formed joint venture to provide inpatient rehabilitative care to Northern Florida Region in order to establish a 48-bed inpatient rehabilitation hospital at UF Health North in Jacksonville, Florida. Observing a steady increase in Florida's demand for inpatient rehabilitative care in the wake of stroke, traumatic brain injury, and other incapacitating illnesses and medical conditions the joint venture was formed by Select Medical. The strategic collaboration among the entities creates a unique rehabilitative setting that offers patients the full continuum of care they need to heal, resume an independent lifestyle, and reintegrate into the community.
Regional Analysis
Geographically, the countries covered in Europe and U.S. rehabilitation equipment market report are U.S., Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Turkey, and rest of Europe
As per Data Bridge Market Research analysis:
U.S. is the dominant and fastetst growing region in the Rehabiilitation Equipment Market
In 2024, U.S. is expected to dominate the market due to the higher level of technological advancements such as remote monitoring, tele-rehabilitation, and wearable devices can enhance patient care and improve outcomes. These factors can lead to increased efficiency, better patient engagement, and more accessible care providing opportunity for market entities to capitalize upon in the near future investments U.S. will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technologies in this region.
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