Rehabilitation Equipment Market Size

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.

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?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.