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Rehabilitation Equipment Market Trends

Report ID: GMI3363
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Global rehabilitation equipment industry was valued at USD 20.1 billion in 2023 and is anticipated to register 7.2% CAGR between 2024 and 2032 due to the increasing geriatric population along with rising prevalence of chronic diseases.

The musculoskeletal segment in the market held 67.2% revenue share in 2023 driven by the rising incidence of accidents, sports injuries, and musculoskeletal disorders, such as sarcopenia and osteoarthritis.

North America rehabilitation equipment market accounted for USD 7.5 billion in revenue in 2023 due to the increasing prevalence of chronic diseases and the increasing government initiatives for safe patient handling.

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, and Medline Industries, among others.