AI-powered algorithms to drive the rehabilitation equipment market at a CAGR of 5.6%
The Global rehabilitation equipment market is linked to large weapons during the forecast period, reaching US$ 3,400 mins in 2022. Mixed Reality (MR) is emerging as cutting-edge technology, and applications include training nurses and doctors. Additional information could be provided to operators through the combination of AR and VR. This would be the scenario with the rehabilitation equipment market in the near future.
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The global rehabilitation equipment market is expected to experience sustained growth due to the increasing incidence of degenerative diseases such as Parkinson’s disease, arthritis, etc. and a growing number of trauma patients requiring rehabilitation therapy.
Additionally, a growing geriatric population is also likely to drive the growth of the market over the assessment period. There is a pressing need for devices that provide assistance to people with physical disabilities around the world. Moreover, since the manufacturers have established excellent communication channels with the population in need of such devices, the innovation in the rehabilitation equipment market has also reached a new level.
- Invacare Corporation
- Medline Industries, Inc.
- Dynatronics Company
- Drive Devilbiss Healthcare
- Roscoe Medical
- Roma Medical Aids Ltd.
- Caremax Rehabilitation Equipment Co. Ltd.
- GF Health Products, Inc.
In addition, governments around the world provide support and subsidies for rehabilitation equipment, which is also likely to drive the demand for this type of equipment. Additionally, favorable refund policies in the developed markets of the West are also expected to drive the market growth.
The global rehabilitation equipment market is expected to touch a value of around US$13,400 million in 2022 and grow at a steady pace CAGR during the evaluation period.
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4 Global Rehabilitation Equipment Market Forecast Highlights
According to Persistence Market Research forecast, the mobility equipment product type segment is expected to touch a value of over US$3,900 million in 2022. This represents a robust CAGR growth over the assessment period. 2017-2022. Mobility equipment product type segment is estimated to account for more than a quarter of the product type segment’s revenue share by 2017 and is expected to lose market share by 2022 compared to 2017 .
According to Persistence Market Research, the rehabilitation center segment will reach a value of approximately US$3,350 million in 2017. This represents a robust growth in CAGR during the forecast period. The rehabilitation center segment is expected to account for nearly one-third of the total end-user segment revenue share by the end of 2017 and is expected to lose market share by 2022 compared to year 2017.
Persistence Market Research predicts that the physiotherapy segment is expected to reach a value of over US$9,800 million in 2022. The physiotherapy segment is expected to gain market share by the end of 2022 The largest share is contributed by the Europe region in the physiotherapy segment.
Persistence Market Research predicts that the German rehabilitation equipment market will grow at a compound annual growth rate (CAGR) of nearly 6% from 2017 to 2022.
Regional Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina etc.)
Middle East and Africa (Saudi Arabia, South Africa, etc.)
Rehabilitation Equipment Market Manufacturers
Distributors/Traders/Wholesalers of Rehabilitation Equipment Market
Rehabilitation Equipment Market Subcomponent Manufacturers
Answers to key questions in this report.
- What will be the growth rate of the market in the future?
- What are the key factors driving the global market?
- Who are the major manufacturers in the Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by industry regions?
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