Rehabilitation products produced in the Rehab Equipment Market restore physical strength in aged and physically challenged people. They help them to perform daily activities independently.
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Growing incidence of disabilities from non-communicable diseases and rapid growth in geriatric population boost the growth of the Rehab Equipment Market.
Public interest in the physical therapy devices has increased with the growing number of users.
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Scope & Regional Forecast of the Rehab Equipment Market
The Rehab Equipment Market is boosted by factors like favorable healthcare reforms, rapid growth in geriatric population along with rising prevalence of chronic diseases. But high cost and maintenance expense of the rehabilitation devices will restrict the growth of the market.
The mobility devices segment will register a high growth in the Rehab Equipment Market in the future. They include wheel chairs, scooters, and walking assistance devices.
Wheel chairs are also designed for physically challenged sportspersons. Hospital and clinics mostly use the rehabilitation devices and equipment.
North America has a major share in the Rehab Equipment Market during the forecast period. Rising preference for independent lifestyle, elderly and physically challenged people’s need to explore the world and increased longevity have fueled the demand for therapeutic medical equipment.
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Chronic diseases like arthritis, cancer, AIDS, chronic obstructive pulmonary disease, stroke, and respiratory diseases are the major health concerns. Rising prevalence of chronic diseases coupled with aging population leads to the growth of rehabilitation tools.
Increasing number of people diagnosed with such diseases drives the demand for home health care medical devices which will propel the demand for rehab practice management.
Segmentations & Key Players Involved in the Rehab Equipment Market
The Rehab Equipment Market can be broken down into various segmentations on the basis of –
- Region- North America, Europe, and Asia Pacific.
Some of the key players involved in the Rehab Equipment Market are as follows:
- Invacare Corporation
- Medline Industries
- Dynatronics Corporation
- Drive DeVilbiss Healthcare
- Caremax Rehabilitation Equipment Co. Ltd.
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