The global rehabilitation devices/equipment market is expected to reach USD 17.5 billion by 2025, according to a new report by Grand View Research, Inc. Global increase in prevalence of degenerative diseases and number of trauma cases has led to a rise in number of patients in need of rehabilitation, which is anticipated to boost growth over the forecast period.
Growing demand for rehabilitation devices
in emerging economies is expected to boost the market in regions such as Asia
Pacific and Latin America. Strengthened communication between manufacturers and
customers due to various strategies employed by manufacturers, government
awareness programs, subsidies, and reimbursement programs are few factors
anticipated to promote growth.
Mobility equipment was the largest product
category in 2016 and is expected to maintain its dominance during the forecast
period. This segment held a share of nearly 37.1% in 2016. Exercise equipment
segment is expected to witness the strongest growth over the forecast period
owing to rise in number of physicians practicing physiotherapy and increase in
adoption of physiotherapy in the rehabilitation process.
On the basis of end-use, the hospitals
segment held a revenue share of nearly 33.1% in 2016 and is expected to be dominant
during the forecast period. Large patient pool of hospitals and rapidly
improving rehabilitation centers are amongst key factors attributing to the
growth of this segment. Home care settings segment is expected to witness the
fastest growth over the forecast period with a CAGR of around 7.4%. Economic
benefits of home care over hospitals are primary causes of the anticipated
growth. On the basis of geography, North America and Europe accounted for the
largest share in 2015, whereas, the Asia Pacific market is expected to grow at
a CAGR 8.2% between 2017 and 2025.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/rehabilitation-products-market
Further Key Findings From the Report Suggest:
·
The global rehabilitation devices market
size was valued at USD 10.5 billion in 2016 and is expected to grow at a CAGR
of 6.0% from 2017 to 2025
·
Mobility equipment was the largest product
type segment in 2016 and is estimated to generate revenue over USD 6.7 billion
by 2025
·
On the basis of end-use, the market size of
hospital segment was valued at USD 3.5 billion in 2016 and is anticipated to
witness high growth over the next nine years
·
The U.S. rehabilitation devices market size
was valued at USD 2.9 billion in 2016 and is estimated to reach USD 4.4 billion
by 2025
·
The rehabilitation equipment market in Asia
Pacific is anticipated to witness substantial growth over the next decade owing
to various developments taking place in major economies such as China, Japan,
and India. The regional market is expected to grow at a CAGR of 8.2% from 2017
to 2025
·
Some players in rehabilitation devices
market are Invacare Corporation; Medline Industries, Inc.; Dynatronics
Corporation; Drive Devilbiss Healthcare; Esko Bionics; Caremax Rehabilitation
Equipment Ltd.; GF Health Products, Inc.; Hospital Equipment Mfg. Co.; Maddak,
Inc.; and India Medico Instruments
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global rehabilitation devices/equipment market on the basis of product,
application, end use and region:
Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Daily Living Aids
o Medical Beds
o Bathroom & Toilet Assist Devices
o Reading Writing & Computer Aids
·
Mobility Equipment
o Wheelchairs & Scooters
o Walking Assist Devices
·
Exercise Equipment
o Lower Body Exercise Equipment
o Upper Body Exercise Equipment
·
Body Support Devices
o Patient Lifts
o Medical Lifting Slings
Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Physiotherapy
·
Occupational Therapy
End Use Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals & Clinics
·
Rehab Centers
·
Home Care Settings
·
Physiotherapy Centers
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o U.K.
·
Asia Pacific
o China
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
o South Africa
View Press Release of this research report by Grand View
Research: https://www.grandviewresearch.com/press-release/global-rehabilitation-devices-equipment-product-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
