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Rehabilitation Equipment market Estimated to Exhibit 5.6% CAGR in terms of value through 2022

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The global rehabilitation equipment market is growing at a brisk pace all over the world. The reasons for this are the increasing number of disabilities that are derived from non-communicable diseases.
The global rehabilitation equipment market is expected to witness sustained growth due to the rising
incidences of degenerative diseases such as Parkinson’s, arthritis, etc. and a growing number of
patients suffering from trauma who need rehabilitation therapy. In addition, a growing geriatric
population is also likely to spur market growth during the assessment period. There is a pressing
need for devices that provide assistance to the physically challenged people across the globe.
Moreover, since manufacturers have established excellent channels of communication with the
needy population of such devices, innovation in the rehabilitation equipment market has also
increased to a new level. Also, governments across the world are providing support and subsidies
for rehabilitation equipment which is also likely to boost the demand for such kind of equipment.
Moreover, favorable reimbursement policies in the developed markets of the West are expected to
stimulate market growth as well.
The global rehabilitation equipment market is slated to touch a value of about US$ 13,400 Mn in
the year 2022 and grow at a robust CAGR during the assessment period.
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4 Forecast Highlights on Global Rehabilitation Equipment Market
As per the forecast of Persistence Market Research, the mobility equipment product type segment is
slated to touch a value of more than US$ 3,900 Mn in the year 2022. This represents a robust
CAGR growth during the assessment period of 2017-2022. The mobility equipment product type
segment is estimated to account for more than one-fourth of the revenue share of the product type
segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
As per the forecast of Persistence Market Research, the rehabilitation centers segment will reach a
value of about US$ 3,350 Mn in the year 2017. This represents a robust CAGR growth during the
forecast period. The rehabilitation centers segment is forecasted to account for nearly one-third of
the total revenue share of the end user segment by the end of the year 2017 and is expected to lose
in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the physiotherapy segment is slated to reach a
value of more than US$ 9,800 Mn in 2022. The physiotherapy segment is expected to gain market
share by the end of the year 2022. The largest share is contributed by the Europe region in the
physiotherapy segment.
Persistence Market Research forecasts the Germany rehabilitation equipment market to exhibit a
compound annual growth rate (CAGR) of nearly 6% from 2017 to 2022.
The report has also included the profiles of some of the leading companies in the rehabilitation
equipment market like Caremax Rehabilitation Equipment Co. Ltd, Drive Devilbiss Healthcare,
Invacare Corporation, GF Health Products, Inc., Roscoe Medical, Medline Industries, Inc., Roma
Medical Aids Ltd., and Dynatronics Corporation.
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Author
mahendralunkad
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