Rehabilitation Equipment Market Size
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 14.94 Billion |
| Market Size (2029) | USD 18.99 Billion |
| CAGR (2024 - 2029) | 4.92 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Rehabilitation Equipment Market Analysis
The Rehabilitation Equipment Market size is estimated at USD 14.94 billion in 2024, and is expected to reach USD 18.99 billion by 2029, growing at a CAGR of 4.92% during the forecast period (2024-2029).
COVID-19 had a significant impact on the growth of the market. The increased need for rehabilitation services after the COVID-19 recovery drove the demand for the market's growth. For instance, as per the NCBI article published in July 2020, after severe COVID-19 disease, many patients will experience various problems with normal functioning and require rehabilitation services to overcome these problems. However, the relaxation of the COVID-19 lockdown restrictions resulted in the reopening of rehabilitation centers and a rise in patient inflow, thereby driving the demand for the rehabilitation market. This is expected to contribute to the market's growth in the post-pandemic period.
Some of the factors driving the market growth include the increasing incidence of chronic diseases, rising demand for rehabilitation therapies due to the growing prevalence of non-communicable diseases, and favorable reimbursement initiatives. Increasing incidences of arthritis and Parkinson's in the aging population and the growing number of trauma patients fuel the market's growth.
As per World Health Organization 2021, each year, non-communicable diseases affect around 41 million people representing 71% of deaths globally. This will create the demand for the rest of the population with non-communicable conditions to opt for rehabilitation centers to get them diagnosed and further promote the overall market's growth. Moreover, the high demand for assisted devices in the handicapped population and growing awareness about newly available products also fuel the rehabilitation equipment market. For instance, in November 2021, Philips Foundation partnered with Singapore Heart Foundation to address the lack of patient participation in rehabilitation programs and medication adherence. In February 2021, Rehabs Near Me launched a 24*7 service to assist people in the United States looking for rehab centers. Thus, it is evident that the companies are continuously launching products associated with rehabilitation equipment and creating awareness further drives the overall market growth.
Thus, the increasing incidence of chronic diseases, rising demand for rehabilitation therapies, and increasing launches of rehabilitation equipment are expected to contribute to the market's growth over the forecast period.
Rehabilitation Equipment Market Trends
This section covers the major market trends shaping the Rehabilitation Equipment Market according to our research experts:
Walking Assist Devices Segment Estimated to Witness a Healthy Growth Over the Forecast Period
The walking assist devices segment is expected to hold a major market share over the forecast period. Walking assistive devices generally involve devices, such as canes, crutches, and walkers, that allow easy mobility in patients with specific physical disabilities and the elderly population. These devices increase the patient's base of support at the same time, improve and maintain balance, increase activity, and reduce the patient's dependency on others.
According to the UN report 2022, the share of the global population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. This population is highly prone to have several diseases requiring personal mobility aid, which will further result in the adoption of walking assist devices.
Currently, smart walking assistive devices are gaining popularity, driving this segment's demand and thereby fuelling the segment studied. Likewise, increasing product launches are also expected to contribute to the growth of the segment studied. For instance, in May 2022, Samsung Electronics sought approval from FDA for its assistive robot "GEMS Hip," a wearable device that acts as an exoskeleton for users with mobility issues, using an active assist algorithm to improve gait and muscle movement.
Also, in April 2021, Panasonic launched a mass production model of its walk training robot designed to provide safe and efficient walk training for elderly citizens, who have apprehensions about walking because of physical restrictions and the experience of falling.
Thus, the high geriatric population and rising innovative product launches are expected to contribute to the growth of the studied segment over the forecast period.
North America Expected to Hold a Significant Share in the Market and Expected to do the Same in the Forecast Period
North America is expected to dominate the market over the forecast period. The rising prevalence of chronic diseases, such as Parkinson's, Alzheimer's, and arthritis, the increasing demand for rehabilitation therapies, and the presence of several major players are driving the growth of rehabilitation equipment in North America.
The risk of being affected by a chronic disease is increasing dramatically in the United States due to the rising geriatric population. This indicates that most Americans are likely to be affected by chronic diseases in the coming decades. This situation gives rise to a critical need for rehabilitation equipment and thus drives the overall market growth.
Moreover, as per the BTS data in January 2022, 25.2 million Americans had disabilities that made traveling outside the home difficult. In addition, according to the ACL report on 2021, people aged 65 years were expected to grow by 21.6% of the population by 2040, and people aged 85 and older were expected to reach 14.4 million in 2040. As the geriatric population susceptible to mobility issues increases, the demand for these lifting equipment is expected to increase over the forecast period.
Increasing research activities in developing advanced products are also boosting market growth. For instance, in November 2022, Penumbra Inc. launched the hands-free, full-body virtual reality-based offering for rehabilitation, expanding the REAL system platform. REAL y - series is one of the hands-free, non-tethered virtual reality rehabilitation platforms to perform both upper and lower extremities with a full body avatar.
Increasing government initiatives for safe patient handling and reimbursement programs such as Medicare are also expected to fuel the rehabilitation equipment market in this region.
Rehabilitation Equipment Industry Overview
The Rehabilitation Equipment Market is moderately competitive. Some of the companies currently dominating the market are Medline Industries Inc., Drive DeVilbiss Healthcare, Invacare Corporation, Ekso Bionics, Dynatronics Corporation, GF HEALTH PRODUCTS, Caremax Rehabilitation Equipment Co. Ltd, Hill-Rom Services Inc., and Hospital Equipment Mfg. Co.
Rehabilitation Equipment Market Leaders
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Medline Industries, Inc
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Drive DeVilbiss Healthcare
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Invacare Corporation
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Ekso Bionics
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Dynatronics Corporation
*Disclaimer: Major Players sorted in no particular order
Rehabilitation Equipment Market News
- February 2022- Lusio Rehab launched a wearable rehabilitation device called LusioMATE that motivates patients to engage more with their physical therapy and rehab programs at Arab Health 2022.
- January 2022- EVOSONICS, a sound vibration-based healthcare company, submitted sleep tech devices, rehabilitation devices, and obesity management devices through CES2022.
Rehabilitation Equipment Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definitions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Burden of Chronic Diseases
- 4.2.2 Rising Demand for Rehabilitation Therapies
- 4.2.3 Rising Awareness Initiatives Regarding Rehabilitation Therapies
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4.3 Market Restraints
- 4.3.1 Unfavorable Reimbursements and Lack of Awareness
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market SIze by Value in USD Million)
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5.1 By Product Type
- 5.1.1 Daily Living Aids
- 5.1.1.1 Medical Beds
- 5.1.1.2 Bathroom and Toilet Assist Devices
- 5.1.1.3 Reading Writing and Computer Aids
- 5.1.1.4 Other Daily Living Aids
- 5.1.2 Exercise Equipment
- 5.1.2.1 Upper Body Exercise Equipment
- 5.1.2.2 Lower Body Exercise Equipment
- 5.1.3 Body Support Devices
- 5.1.3.1 Patient Lifts
- 5.1.3.2 Medical Lifting Slings
- 5.1.4 Mobility Equipment
- 5.1.4.1 Walking Assist Devices
- 5.1.4.2 Wheelchairs and Scooters
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5.2 By Application
- 5.2.1 Physiotherapy
- 5.2.2 Occupational Therapy
- 5.2.3 Other Applications
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5.3 By End-User
- 5.3.1 Hospitals
- 5.3.2 Rehab Centers
- 5.3.3 Others End-Users
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5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Medline Industries Inc.
- 6.1.2 Drive DeVilbiss Healthcare
- 6.1.3 Invacare Corporation
- 6.1.4 Ekso Bionics
- 6.1.5 Dynatronics Corporation
- 6.1.6 GF HEALTH PRODUCTS INC.
- 6.1.7 Caremax Rehabilitation Equipment Co. Ltd
- 6.1.8 Hill-Rom Services INC.
- 6.1.9 Hospital Equipment Mfg. Co.
- 6.1.10 Roma Medical Aids Ltd
- 6.1.11 Marsi Bionics SL
- 6.1.12 ReWalk Robotics
- 6.1.13 ULS Robotics Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityRehabilitation Equipment Industry Segmentation
As per the scope, rehabilitation equipment is used to assist in the process of rehabilitating patients.
The Rehabilitation Equipment Market is Segmented By Product Type (Daily Living Aids (Medical Beds, Bathroom and Toilet Assist Devices, Reading, Writing and Computer Aids, and Other Daily Living Aids), Exercise Equipment (Upper Body Exercise Equipment and Lower Body Exercise Equipment), Body Support Devices(Patient Lifts and Medical Lifting Slings), and Mobility Equipment (Walking Assist Devices and Wheelchairs and Scooters)), Application (Physiotherapy, Occupational Therapy, and Other Applications), End-User (Hospitals, Rehab Centers, and Others End-Users), and Geography (North America (United States, Canada, and Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Middle East and Africa (GCC, South Africa, and Rest of Middle East and Africa), and South America (Brazil, Argentina, and Rest of South America)). The report offers value (in USD million) for the above segments.
| By Product Type | Daily Living Aids | Medical Beds |
| Bathroom and Toilet Assist Devices | ||
| Reading Writing and Computer Aids | ||
| Other Daily Living Aids | ||
| By Product Type | Exercise Equipment | Upper Body Exercise Equipment |
| Lower Body Exercise Equipment | ||
| By Product Type | Body Support Devices | Patient Lifts |
| Medical Lifting Slings | ||
| By Product Type | Mobility Equipment | Walking Assist Devices |
| Wheelchairs and Scooters | ||
| By Application | Physiotherapy | |
| Occupational Therapy | ||
| Other Applications | ||
| By End-User | Hospitals | |
| Rehab Centers | ||
| Others End-Users | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| By Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Rehabilitation Equipment Market Research FAQs
How big is the Rehabilitation Equipment Market?
The Rehabilitation Equipment Market size is expected to reach USD 14.94 billion in 2024 and grow at a CAGR of 4.92% to reach USD 18.99 billion by 2029.
What is the current Rehabilitation Equipment Market size?
In 2024, the Rehabilitation Equipment Market size is expected to reach USD 14.94 billion.
Who are the key players in Rehabilitation Equipment Market?
Medline Industries, Inc, Drive DeVilbiss Healthcare, Invacare Corporation, Ekso Bionics and Dynatronics Corporation are the major companies operating in the Rehabilitation Equipment Market.
Which is the fastest growing region in Rehabilitation Equipment Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Rehabilitation Equipment Market?
In 2024, the North America accounts for the largest market share in Rehabilitation Equipment Market.
What years does this Rehabilitation Equipment Market cover, and what was the market size in 2023?
In 2023, the Rehabilitation Equipment Market size was estimated at USD 14.24 billion. The report covers the Rehabilitation Equipment Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Rehabilitation Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Rehabilitation Equipment Industry Report
The report covers the global rehabilitation market, providing an in-depth industry analysis. It segments the market by product type, application, end-user, and geography. The industry report includes daily living aids, exercise equipment, body support devices, and mobility equipment. The market report also delves into applications such as physiotherapy, occupational therapy, and other applications. End-users include hospitals, rehab centers, and other end-users.
The industry outlook highlights the market forecast, market growth, and market leaders. The market analysis offers insights into the market size, market share, and market trends. The industry information includes a detailed market segmentation by regions such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
The industry research provides a comprehensive market overview, market review, and market predictions. The report example and report PDF are available for a deeper dive into the industry statistics, industry trends, and industry sales. Research companies can benefit from the market data and market value provided in the industry reports.
Overall, this report offers a thorough understanding of the rehabilitation equipment market, supported by industry research and market data. The market outlook and market forecast are crucial for stakeholders looking to understand the industry's future trajectory.
