BANGALORE from India, January 7, 2022 / PRNewswire / – Rehabilitation equipment market is segmented by Application (Occupational Therapy & Physical Therapy), Product Type (Daily Living Aids, Mobility Equipment, Exercise Equipment, Body Support Devices), End User, and Geography – Global Forecast to 2026. It is published in Evaluate reports under the Medical devices and equipment Category.
The global rehabilitation equipment market is expected to grow at the rate of 6.36% CAGR by 2026.
The major factors driving the growth of the Rehabilitation Equipment Market are:
Rehabilitation is a profitable investment for both individuals and society. This can help you avoid costly hospitalizations, shorten your hospital stay, and avoid readmissions. Rehabilitation can help people with a wide range of health problems, including acute and chronic illnesses, illnesses and injuries. It can also be used in conjunction with other health interventions, such as medical and surgical treatments, to help achieve the best possible results. This factor is expected to drive the growth of the rehabilitation equipment market.
The number of patients requiring rehabilitation has increased as the number of injuries, lifestyle changes, degenerative diseases and cases of trauma has increased. The rehabilitation equipment market is driven by the increase in the elderly population, which suffers from chronic diseases.
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TRENDS AFFECTING THE GROWTH OF REHABILITATION EQUIPMENT MARKET
The frequency of degenerative diseases and the number of cases of trauma have increased globally leading to an increase in the number of patients requiring rehabilitation, which in turn is expected to drive the growth of the rehabilitation equipment market during the period of forecast.
The rehabilitation equipment market is expected to increase as the elderly population increases, chronic diseases become more common, and accidents become more common. Patients with the majority of these conditions will need mobility equipment. Walking aids, such as canes, crutches and walkers, are examples of mobility equipment. They allow people with specific physical limitations and the elderly to move around easily. These devices simultaneously strengthen the patient’s base of support, improve and maintain balance, stimulate exercise, and reduce the patient’s dependence on others.
Increased participation in sports and a change to an active lifestyle will increase the risk of sports injuries if proper counseling is not provided. This, in turn, is likely to fuel the expansion of the rehabilitation market during the forecast period. Physiotherapy is the most common rehabilitation technique for sports-related injuries. Patients with degenerative joint disease and cerebrovascular disease, in particular, require physiotherapy.
Moreover, the current outbreak of COVID-19 is expected to boost the Rehabilitation Equipment market even more. The health outcomes of people with severe COVID-19 are improved by rehabilitation. COVID-19 patients are at significant risk for long-term damage and disability and will need rehabilitation throughout the illness. Various market players are working hard to meet the needs for rehabilitation equipment.
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REHABILITATION EQUIPMENT MARKET SHARE ANALYSIS:
Based on the type of product, mobility equipment is expected to drive the growth of the rehabilitation equipment market. The mobility devices section is further segmented into two categories: walking aids and wheelchairs and scooters. Due to their low cost and simplicity, walking aids are the most popular type of mobility equipment among the target group.
On the basis of applications, the physiotherapy segment is expected to experience the highest growth at the highest CAGR during the forecast period.
Based on end users, hospitals and clinics are expected to be the most lucrative segment. This segment is expected to increase significantly throughout the forecast period due to the huge patient base of the hospitals.
Depending on the region, North America is expected to be the most lucrative segment during the forecast period. This is attributed to North America large basic geriatric population. In addition, non-communicable diseases such as cancer, diabetes, arthritis, cardiovascular disease and Parkinson’s disease are increasingly common in this region.
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- Invacare Corporation
- Medline Industries, Inc
- Dynatronics Company
- Driving Devilbiss Healthcare
- Esko Bionics
- Rehabilitation equipment Caremax Ltée
- GF Health Products, Inc
- Hospital equipment Mfg. Co,
- Maddak, Inc
- India Medico Instruments.
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