Rehabilitation Equipment Market - By Product (Cardiopulmonary, Musculoskeletal, Neurological), Application (Physiotherapy, Occupational Therapy), End-use (Hospitals & Clinics, Rehabilitation Centers, Homecare Settings), & Forecast, 2024 – 2032

Rehabilitation Equipment Market Size

Rehabilitation Equipment Market size was valued at USD 20.1 billion in 2023 and is anticipated to witness growth at a CAGR of 7.2% from 2024 to 2032, due to increasing investment by governments across the globe in healthcare infrastructure will further create a plethora of opportunities for industry growth.
 

?Surging incidences of musculoskeletal disorders such as osteoarthritis, osteoporosis, and others have increased the demand for rehabilitation equipment to help people restore mobility and improve the quality of their life. As per the CDC, in 2023, osteoarthritis affected around 32.5 million adults in the U.S. alone.
 

The market is predicted to expand greatly as the frequency of degenerative diseases such as Parkinson's, Alzheimer's, and arthritis rises, as does the number of trauma victims in need of rehabilitation therapy. Furthermore, the expanding geriatric population is likely to boost the market during the forecast period. The need for daily assistance equipment among the disabled population around the world is steadily increasing which in turn will propel the market growth positively.
 

Favorable reimbursement regulations in major markets, such as the U.S., are projected to generate significant sales prospects for manufacturers. Medicare reimbursements enable users to utilize assistive equipment for rehabilitation. Wheelchairs, medical beds, patient lifts, canes, elderly walkers, crutches, commode chairs, and other durable medical equipment used in rehabilitation are covered by Medicare. Furthermore, to encourage Global Cooperation on Assistive Technology (GATE), the WHO established the Priority Assistive goods List (APL) to improve access to high-quality and inexpensive assistive goods. Such activities are likely to boost manufacturers' growth potential.
 

The rehabilitation equipment market encompasses a wide range of devices and tools designed to help individuals recover, improve, or maintain their physical capabilities following injury, surgery, illness, or the onset of chronic conditions.
 

Rehabilitation Equipment Market Trends

• Rapid advancements in rehabilitation equipment are poised to drive market growth from 2024 to 2032. Integrating VR and AR technologies into rehabilitation equipment enhances the therapeutic experience with immersive and interactive environments. These technologies simulate real-life scenarios, making therapeutic exercises more engaging and motivating. Advanced sensor technologies now provide real-time feedback on movement quality, range of motion, and force exertion, enabling users to perform exercises with precision and reduce the risk of injury, thereby optimizing therapeutic outcomes and boosting sales.
   
• Key factors driving market expansion include the increasing incidence of chronic diseases, such as arthritis and Parkinson's disease among the elderly, and rising demand for rehabilitation therapies due to the growing prevalence of noncommunicable diseases. Favorable reimbursement policies further contribute to market growth. According to the World Health Organization (2021), noncommunicable diseases account for 71% of global deaths annually, underscoring the escalating need for rehabilitation facilities and equipment. These trends are expected to propel market growth consistently throughout the forecast period.
   

Rehabilitation Equipment Market Analysis

Based on product the market is segmented into musculoskeletal rehabilitation equipment, cardiopulmonary rehabilitation equipment, and neurological rehabilitation equipment. ?Musculoskeletal rehabilitation equipment held 67.2% of the market share in 2023.
 

• The rising incidence of accidents, sports injuries, and musculoskeletal disorders, such as sarcopenia and osteoarthritis, has escalated the global demand for musculoskeletal rehabilitation equipment. According to the Insurance Institute for Highway Safety, there were 39,508 fatal motor vehicle accidents in the U.S. in 2021. This alarming increase in traffic fatalities, coupled with innovations in rehabilitation equipment, will drive segment growth.
   
• Common conditions like arthritis, back pain, and osteoporosis are particularly prevalent among the aging population. Additionally, sports-related injuries, workplace accidents, and other incidents frequently result in musculoskeletal damage requiring rehabilitation. Improved awareness and diagnostic methods facilitate early detection and treatment of these conditions, further fueling market demand.
   
• The global increase in the elderly population, who are more susceptible to musculoskeletal disorders, is a significant market driver. According to a 2022 UN report, the proportion of the global population aged 65 and older is expected to rise from 10% in 2022 to 16% by 2050. This demographic trend will boost the demand for personal mobility aids and cardiopulmonary rehabilitation equipment.
   

Based on application, the rehabilitation equipment market is classified into physiotherapy, occupational therapy, and other applications. The physiotherapy segment is anticipated to grow at a CAGR of 7.6% from 2024 to 2032.
 

• The market includes workout equipment designed to rehabilitate individuals after trauma or the onset of degenerative diseases. Physiotherapy employs a variety of treatments to enhance, maintain, and restore physical strength and mobility following injury, surgery, or illness.
   
• Technological advancements, such as virtual reality, exoskeletons, robotics, and implantable pain treatment technologies, are significant drivers of rehabilitation equipment in physiotherapy. Additionally, increased demand in emerging nations further propels market growth. For instance, in November 2022, Penumbra, Inc. launched the REAL y-Series, the first full-body virtual reality-based rehabilitation product. This immersive platform is projected to aid in the rehabilitation of around 50 million people.
   
• In April 2021, Panasonic introduced a mass production variant of their walk training robot, aimed at providing safe and efficient walking training for seniors who are hesitant to move due to physical limitations and previous falls. The growing elderly population and the rise in innovative product launches are expected to drive growth in the physiotherapy segment throughout the forecast period.
   

?Based on end-use, rehabilitation equipment market is segmented into hospitals and clinics, rehabilitation centers, homecare settings, and physiotherapy centres. The hospitals and clinics segment will reach nearly USD 13.4 billion by 2032.
 

• The growing need for comprehensive healthcare services for patients requiring rehabilitation or long-term care has increased the demand for hospitals and clinics. These facilities are equipped with cutting-edge rehabilitation equipment, making them preferred healthcare providers. They also have a multidisciplinary team of healthcare professionals specializing in various aspects of rehabilitation, which enhances patient care and increases patient footfall.
   
• The increasing number of elderly patients requiring rehabilitation for age-related conditions, such as arthritis, osteoporosis, and post-surgical recovery, contributes to the demand. Additionally, the higher prevalence of chronic diseases, including cardiovascular diseases, diabetes, and musculoskeletal disorders, necessitates extensive rehabilitation.
   
• Hospitals and clinics are expanding their rehabilitation units to meet the growing demand for these services. Increased funding and investment in healthcare infrastructure and rehabilitation services are also driving growth. The availability of skilled rehabilitation professionals, including physical therapists, occupational therapists, and speech therapists, further boosts the demand for this segment.
   
• Moreover, a multidisciplinary approach to rehabilitation, which involves collaboration among various healthcare professionals to provide comprehensive care, is fueling the segments growth.
   

North America rehabilitation equipment market accounted for USD 7.5 billion in revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
 

• North America is likely to lead the market throughout the projection period. The increased prevalence of chronic diseases such as Parkinson's, Alzheimer's, and arthritis, as well as the growing demand for rehabilitation therapies, and the existence of multiple significant companies, are propelling North American rehabilitation equipment sales forward.
   
• Increasing research initiatives to produce enhanced products is also driving market expansion. For example, in November 2022, Penumbra Inc. introduced a hands-free, full-body virtual reality-based rehabilitation service, expanding the REAL system platform. The REAL y - series is one of the hands-free, non-tethered virtual reality rehabilitation platforms that can perform both upper and lower extremities with a whole-body avatar.
   
• Increasing government initiatives for safe patient handling, as well as reimbursement programs like Medicare, are projected to drive the market in this region.
   

Rehabilitation Equipment Market Share

The rehabilitation equipment industry is highly fragmented, with a mix of large multinational corporations and small to mid-sized companies competing. Significant growth potential in both developed and emerging markets encourages companies to engage in various strategic activities, such as mergers, acquisitions, and collaborations, to innovate and expand their global presence. For example, in June 2020, GF Health Products Inc. acquired Gendron, a manufacturer of mobility equipment, bariatric beds and seating, patient lifts, and aids. This acquisition broadened GF Health Products Inc.'s portfolio and supported its strategic objective, "Made in USA”.
 

Rehabilitation Equipment Market Companies

Some of the eminent market participants operating in the rehabilitation equipment industry include:

• Arjo
• Bioness Inc.
• BioXtreme
• BTL
• Caremax Rehabilitation Equipment Co. Ltd
• DJO Global
• Dynatronics Corporation
• Halma plc
• Honeywell International, Inc.
• Invacare Corporation
• Koninklijke Philips N V
• Medline Industries
• Medtronic plc
• MicroPort Scientific Corporation
• OMRON Corporation
• ReWalk Robotics Ltd.
• STORZ MEDICAL AG
• Tyromotion
• Zimmer MedizinSysteme GmbH
   

Rehabilitation Equipment Industry News:

• In June 2022, Caremax Inc. announced its intent to acquire the Medicare value-based care business of Steward Health Care System. This acquisition aims to establish one of the largest senior-centric value-based care platforms in the U.S.
   
• In January 2022, Suzhou MicroPort RehabTech (Group) Co. Ltd., a MicroPort Scientific Corporation subsidiary, announced the release of a new product series under its musculoskeletal rehabilitation portfolio. This launch helped expand the company's product portfolio while helping it achieve positive sales figures.
   

Rehabilitation Equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments:

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Market, By Product

• Cardiopulmonary rehabilitation equipment
  • Elliptical trainer
  • Stabilization ball
  • Stationary bicycle
  • Treadmill
  • Rower
  • Heart rate monitor
  • Blood pressure monitor
  • Other cardiopulmonary rehabilitation equipment
• Musculoskeletal rehabilitation equipment
  • Laser therapy
  • Ultrasound
  • Electrotherapy
  • Other musculoskeletal rehabilitation equipment
• Neurological rehabilitation equipment
  • Neurorobotic devices
    • Upper limb devices
    • Lower limb devices
    • Lower arm devices (hands)
    • Gait training devices
    • Exoskeleton devices
  • Non-invasive stimulators
  • Wearable devices
  • Brain computer interface (cognitive assessment and training equipment)
  • Neuro-rehabilitation assessment equipment
  • Consumer neuro-rehabilitation equipment

Market, By Application

• Physiotherapy
• Occupational therapy
• Other applications

Market, By End-use

• Hospitals and clinics
• Rehabilitation centers
• Homecare settings
• Physiotherapy centers

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa