The rehab equipment market is expected to reach USD 14.91 Billion by 2021 from USD 9.86 Billion in 2016, at a CAGR of 8.6% during forecast period. Growth in this segment is attributed to increasing number of elderly people suffering from orthopedic impairments which is creating a demand for mobility equipment worldwide. Learn details of the Key Developments and Global Premium Insights
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The rehab equipment market is categorized on the basis of type, application, end user & region. Major factors driving growth of this market include favorable healthcare reforms, increasing incidence of disabilities resulting from non-communicable diseases and rising geriatric population coupled with rising prevalence of chronic diseases.
On other hand, high cost & maintenance expense of rehabilitation equipment are limiting growth of market to a certain extent.
Complete report on Rehab Equipment Market spread across 162 Pages, Profiling 11 Companies and Supported with 154 Tables and 31 Figures is now available at www.rnrmarketresearch.com/rehab-eq…arket-report.html .
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The rehub equipment market research data, current market sizes, and forecast of future trends will help key players and new entrants make informed decisions regarding product offerings, geographical focus, changes in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Target Audience of Rehab Equipment Market is as Follows:
- Rehabilitation Equipment Vendors
- Research and Consulting Firms
- Healthcare Associations/Institutes
- Healthcare Institutions/Providers
- Venture Capitalists
- Government Agencies
Rehab equipment market is segmented mobility equipment, body support devices, exercise equipment, and daily living aids. Mobility equipment segment is expected to grow at highest CAGR during 2016–2021.
Growth in this segment attributed to increasing number of elderly people suffering from orthopedic impairments which creating a demand for mobility equipment worldwide. Moreover, the increasing number of disabled people & growing awareness on safety measures in handling patients are driving the demand for mobility equipment.
North America is projected to be fastest-growing region in rehabilitation equipment market during forecast period. High growth in this region can be attributed to factors like growth in geriatric population & subsequent increase in prevalence of lifestyle diseases & presence of favorable healthcare reforms.
Rehab Equipment Market Drivers are as Follows
1 Increasing Incidence of Disabilities
2 Favorable Healthcare Reforms
3 Rapid Growth in Geriatric Population
Invacare Corporation (U.S.) launched Kite electric powered wheelchair and TDX2 Low Rider power wheelchair (October 2016), and power chair control system – Invacare LiNX, Simply SMART (July 2016). the company upgraded its rehabilitation products such as Küschall Champion SK, folding wheelchair (February 2017) and its LiNX power wheelchairs by modifying and programming it wirelessly via Bluetooth (December 2016).
Rehab equipment market is categorized on the basis of type, application, end user, and region. Apart from comprehensive geographical analysis, product analysis, and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by industry players in the last three years.
In addition, the company profiles comprise basic views on the key players and their product portfolios, developments, and strategies adopted.
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