Rehabilitation Equipment Market: A View of the Industry's Advancements and Opportunities

The global rehabilitation equipment market size reached USD 14.10 Billion in 2021 and is expected to register a revenue CAGR of 6.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing prevalence of chronic and neurodegenerative diseases, rising demand for rehabilitation care associated with healthcare, and favorable reimbursement policies among developed countries are some of the leading factors driving revenue growth of the market. In addition, increasing research and activities in healthcare is contributing to revenue growth of the market.

Prevalence of chronic and neurodegenerative diseases is a major factor driving revenue growth of the market. Spinal Muscular Atrophy (SMA) is an autosomal recessive neuromuscular disease that gradually weakens and paralyzes the proximal muscles. According to the report, SMA type I accounts for about 60% of all cases, with an estimated prevalence of 1-2 per 100,000 people and incidence of 1 in 10,000. Rehabilitation, therefore, aids in reducing the incapacitating effects of long-term medical conditions. Furthermore, rising demand for rehabilitation care associated with healthcare is driving revenue growth of the rehabilitation market due to increasing government initiatives and several regulatory approvals for rehabilitation products. Rising prevalence of chronic and neurodegenerative diseases is a major factor driving revenue growth of the market. SMA is an autosomal recessive neuromuscular disease that gradually weakens and paralyses the proximal muscles since the alpha motor neurons in the spinal cord atrophy. According to the report, SMA type I accounts for about 60% of all cases, with an estimated prevalence of 1-2 per 100,000 people and 1 in 10,000. Rehabilitation, therefore, aids in reducing the incapacitating effects of long-term medical conditions.

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Market Overview:

The report bifurcates the Rehabilitation Equipment market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

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Competitive Terrain:

The global Rehabilitation Equipment industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Market Segmentations of the Rehabilitation Equipment Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the forecast period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Rehabilitation Equipment market on the basis of product, application, and region:

Leading Market Players Profiled in the Report:

Lusio Rehab, Baxter International Inc., Invacare Corporation., ANTANO GROUP, TecnoBody, Evosonics.Co., Ltd., Medline Industries, Inc., LINET, GF Health Products, Inc., and Ekso Bionics

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Segments Covered in this report are:

Product Type Outlook (Revenue, USD Billion; 2019-2030)

• Daily Living Aids
• Exercise equipment
• Body support devices
• Others

Application Outlook (Revenue, USD Billion; 2019-2030)

• Physiotherapy
• Occupational therapy
• Others

End-use Outlook (Revenue, USD Billion; 2019-2030)

• Hospitals
• Rehab centers
• Physiotherapy centers
• Homecare settings

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Regional Outlook:

• North America (the U.S., Canada, Mexico)
• Europe (the U.K., Germany, France, Italy)
• Asia Pacific (India, China, Japan, Korea)
• Latin America (Brazil, Argentina, Ecuador, Chile)
• Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

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Research Report on the Rehabilitation Equipment Market Addresses the Following Key Questions:

• Who are the dominant players of the Rehabilitation Equipment market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Rehabilitation Equipment market?
• What are the key growth drivers and restraining factors of the Rehabilitation Equipment market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Rehabilitation Equipment market and its key segments?

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