As per DelveInsight’s assessment, the Rehabilitation Equipment Market size is expected to grow at an immense pace in the coming years owing to the The increasing prevalence of pandemic such as COVID-19, Pre- and post-operation and some few of the other applications where Rehabilitation Equipment have been used, which is expected to drive the demand for Rehabilitation Equipment in the upcoming years.
DelveInsight’s “Rehabilitation Equipment Market” report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Rehabilitation Equipment companies actively working in the market.
Rehabilitation equipment aids individuals in rebuilding strength and motor function post-injury or illness. Well-known tools like exercise bikes and treadmills are notably effective, enabling users to sustain fitness levels while enhancing bodily strength.
Rehabilitation Equipment Market Insights
In 2022, North America is anticipated to dominate the global Rehabilitation Equipment market compared to other regions. The factors contributing to this growth include a rising population of individuals with disabilities, ongoing product development like launches and approvals, and the existence of advanced medical facilities in the region, all of which are poised to significantly impact the expansion of the rehabilitation equipment market in North America.
DelveInsight Rehabilitation Equipment Market Size Analysis: The Global Rehabilitation Equipment market size was valued approximately USD 14 billion in 2022 and anticipated to grow with a CAGR of 5.1% during the forecasted period (2023-2028).
To know more about why North America is leading the market growth in the Rehabilitation Equipment market, get a snapshot of the report Rehabilitation Equipment Market Trends
Recent Developments in the Rehabilitation Equipment Market Report
- In April 2023, Harmonic Bionics, a rehabilitation robotics company, recently announced that their leading exoskeleton, Harmony SHR™, has been successfully registered with the FDA as a Class II 510(k)-exempt device. The Harmony SHR™ serves as an upper extremity robotic rehabilitation system designed to synchronize with a patient’s scapulohumeral rhythm (SHR), facilitating natural and comprehensive therapy for both arms. This innovative device functions as an upper extremity exercise tool, offering potential assistance in addressing various upper body movement impairments. These include conditions such as neurological injury, neuromuscular disease, musculoskeletal disorders, post-procedural rehabilitation (such as for rotator cuff tears), and rehabilitation for upper limb prosthetics/transplants.
- In September 2022, Sumitomo Pharma Co., Ltd. and MELTIN MMI have forged an agreement for a marketing partnership in Japan concerning the MELTz® Hand Rehabilitation System, a product co-developed by both companies and for which MELTIN has acquired certification as a manufacturer and distributor of medical devices. MELTz® represents a medical device leveraging bio-signal processing and biomimetic robot technology. Its primary purpose is to aid in preserving, improving, or reinstating muscle strength in the upper limbs of individuals undergoing hand/finger paralysis rehabilitation due to conditions like stroke or other causes.
- In January 2022, The UK-based assistive technology developer, Lusio Rehab, introduced LusioMATE, a wearable rehabilitation tool aimed at encouraging patients to actively participate in their physical therapy regimen. This device is versatile enough to be utilized by therapists within clinic environments alongside various other rehabilitation equipment, allowing LusioMATE to seamlessly integrate into different clinical settings and cater to diverse specialties.
- Thus, owing to such developments in the market, rapid growth will be observed in the Rehabilitation Equipment market during the forecast period
To read more about the latest highlights related to Rehabilitation Equipment, get a snapshot of the key highlights entailed in the Rehabilitation Equipment Market Forecast
Key Players in the Rehabilitation Equipment Market
Some of the key Rehabilitation Equipment companies operating in the market include- Invacare Corporation, Medline Industries Inc., Drive DeVilbiss Healthcare, Ekso Bionics, Dynatronics Corporation, GF HEALTH PRODUCTS INC., Caremax Rehabilitation Equipment, Hill-Rom Services INC., Hospital Equipment Mfg. Co., ULS Robotics Co. Ltd, ReWalk Robotics, Marsi Bionics SL, Roma Medical Aids Ltd, Maddak, Inc., India Medico Instruments, among others.
Rehabilitation Equipment Market Dynamics:
One of the primary drivers impacting the growth of the rehabilitation equipment market is the escalating incidence of sports-related injuries and spinal conditions. As outlined by the Insurance Information Institute (National Safety Council), statistics from 2020 revealed that globally, cycling contributed to approximately 426,000 injuries, marking it as the most prominent category of injuries in sports and recreational activities. Moreover, exercise, whether with or without equipment, accounted for approximately 378,000 injuries worldwide, followed by ATV, moped, and minibike usage with 230,000 injuries, and skateboard, scooter, and hoverboard use with 218,000 injuries, ranking third and fourth, respectively, on a global scale. According to the National Safety Council’s 2022 report, injuries related to bicycles and associated accessories surged globally from 417,485 in 2019 to 425,910 in 2020.
Therefore, as awareness surrounding rehabilitation equipment expands and more products are introduced, it is expected that the demand for these tools will rise. This surge in demand is anticipated to drive the growth of the rehabilitation equipment market from 2023 to 2028.
Scope of the Rehabilitation Equipment Market Report
- Coverage: Global
- Study Period: 2020–2028
- Rehabilitation Equipment Market Segmentation By Product Type: Body Support Equipment, Mobility Equipment, Exercise Equipment, And Others
- Rehabilitation Equipment Market Segmentation By Application Type: Physiotherapy, Occupational Therapy, And Others
- Rehabilitation Equipment Market Segmentation By End-User: Hospitals And Clinics, Rehabilitation Centers, Home Care Settings, And Others
- Rehabilitation Equipment Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
- Key Rehabilitation Equipment Companies: Invacare Corporation, Medline Industries Inc., Drive DeVilbiss Healthcare, Ekso Bionics, Dynatronics Corporation, GF HEALTH PRODUCTS INC., Caremax Rehabilitation Equipment, Hill-Rom Services INC., Hospital Equipment Mfg. Co., ULS Robotics Co. Ltd, ReWalk Robotics, Marsi Bionics SL, Roma Medical Aids Ltd, Maddak, Inc., India Medico Instruments, among others
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech key players in the Rehabilitation Equipment market are set to emerge as the trendsetter explore @ Rehabilitation Equipment Market Trends
Table of Contents
Rehabilitation Equipment Market Report Introduction
Rehabilitation Equipment Market Executive summary
Regulatory and Patent Analysis
Rehabilitation Equipment Market Key Factors Analysis
Porter’s Five Forces Analysis
COVID-19 Impact Analysis on Rehabilitation Equipment Market
Rehabilitation Equipment Market Layout
Global Company Share Analysis – Key Companies
Company and Product Profiles
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