Global Rehabilitation Equipment Market

Rehabilitation Equipment Market Size, Share, Growth Analysis, By Application(Physiotherapy, and Occupational Therapy), By End-use(Hospitals & Clinics, Rehab Centers, Home Care Settings, and Physiotherapy Centers), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2417 | Region: Global | Published Date: March, 2024
Pages: 219 |Tables: 63 |Figures: 75

Rehabilitation Equipment Market Insights

Global Rehabilitation Equipment Market size was valued at USD 15.12 Billion in 2022 and is poised to grow from USD 16.04 Billion in 2023 to USD 25.76 Billion by 2031, at a CAGR of 6.10% during the forecast period (2024-2031). 

The global rehabilitation equipment market is experiencing significant growth due to various factors. Rehabilitation equipment refers to devices and tools used to aid individuals in their physical recovery and improve their quality of life after an illness, injury, or surgery. The purpose of the market is to provide healthcare professionals with advanced tools and technologies to assist patients in regaining their mobility, strength, and independence. The major driving factors of the rehabilitation equipment market is the growing geriatric population. As the elderly population continues to increase worldwide, the demand for rehabilitation equipment rises, as older individuals often require assistance in maintaining or improving their physical function.

The market presents significant opportunities for growth. Technological advancements in rehabilitation equipment, such as robotic-assisted devices and virtual reality-based therapies, offer innovative and more effective rehabilitation solutions. Furthermore, the increasing focus on home healthcare and telehealth services provides opportunities for the development of portable and user-friendly rehabilitation equipment that can be used outside traditional healthcare settings. The global rehabilitation equipment market plays a vital role in improving the quality of life for individuals recovering from illnesses, injuries, or surgeries. The market is driven by factors such as the growing geriatric population and the increasing prevalence of chronic diseases. However, challenges such as high costs and regulatory requirements exist. Nonetheless, opportunities lie in technological advancements and the demand for home-based rehabilitation solutions.

US Rehabilitation Equipment Market is poised to grow at sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 15.12 Billion

Largest Segment

Physiotherapy

Fastest Growth

Occupational Therapy

Growth Rate

6.10% CAGR

Global Rehabilitation Equipment Market ($ Bn)
Country Share for North America Region (%)

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Rehabilitation Equipment Market Segmental Analysis

The global rehabilitation equipment market is segmented on the basis of application, end-use, and region. In terms of application, the market is segmented into physiotherapy and occupational Therapy. With respect to end-use, the market is segmented into hospitals & clinics, rehab centers, home care settings, and physiotherapy centers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Rehabilitation Equipment Market Analysis by Application

The physiotherapy segment dominates the market due to its wide range of applications across multiple healthcare settings. The demand for physiotherapy equipment is driven by several factors. Firstly, the increasing prevalence of musculoskeletal disorders, neurological conditions, and sports injuries contributes to the need for effective rehabilitation solutions. Physiotherapy equipment provides essential tools such as exercise machines, electrotherapy devices, and heat/cold therapy equipment to aid in the recovery process.

The fastest-growing segment in the rehabilitation equipment market is occupational therapy equipment. Occupational therapy focuses on helping individuals regain their ability to perform daily activities and achieve independence after an injury, illness, or disability. The increasing recognition of the importance of occupational therapy in enhancing functional abilities and promoting independent living drives the demand for related equipment. Occupational therapy equipment includes tools for improving fine motor skills, cognitive abilities, and adaptive techniques. As the aging population continues to grow and individuals strive for a better quality of life, the demand for occupational therapy and the corresponding equipment is expected to rise.

Rehabilitation Equipment Market Analysis by End-use

Hospitals and clinics emerged as the largest segment, accounting for a significant share in recent years. This can be attributed to the widespread presence of hospitals and clinics across the globe, serving as primary healthcare settings for patients in need of rehabilitation. These healthcare facilities are equipped with a wide range of rehabilitation equipment to cater to the diverse needs of patients recovering from various conditions, including surgeries, injuries, and chronic diseases. The availability of specialized healthcare professionals, advanced medical infrastructure, and comprehensive rehabilitation programs in hospitals and clinics contribute to the dominance of this segment in the market.

The home care settings segment is anticipated to be the fastest growing segment in the coming years. This can be attributed to the growing preference for home-based rehabilitation services and the rising trend of shifting healthcare services from hospitals to patients' homes. Home care settings offer numerous advantages, including convenience, comfort, and cost-effectiveness, for patients who require long-term or continuous rehabilitation. With the advancements in technology and the development of portable rehabilitation equipment, patients can receive effective rehabilitation therapies in the comfort of their homes.

Global Rehabilitation Equipment Market By Application, 2022 (%)

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Rehabilitation Equipment Market Regional Insights

North America emerged as the largest market for rehabilitation products, with a significant share in recent years and a projected continuation of its dominance in the forecast period. This can be attributed to several factors, including the large base of the geriatric population in the region and the increasing prevalence of non-communicable diseases such as cancer, cardiovascular disease, diabetes, arthritis, and Parkinson's. The presence of reimbursement programs like Medicare has also played a role in improving access to rehabilitation products, further driving the market growth.

Asia Pacific is expected to witness the fastest growth rate in the rehabilitation equipment market, with a lucrative CAGR during the forecast period. Emerging economies like India and China are particularly promising markets due to the increasing patient pool, ongoing improvements in public and private reimbursement infrastructure, and the constant development of healthcare facilities. The region is experiencing a rise in awareness about rehabilitation equipment, an increase in the number of physicians, and the implementation of supportive government programs and policies. Moreover, the rapid adoption of new products among patients is also contributing to the growth of the rehabilitation devices market in Asia Pacific.

Global Rehabilitation Equipment Market By Region, 2024-2031
  • Largest
  • Fastest

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Rehabilitation Equipment Market Dynamics

Rehabilitation Equipment Market Drivers

Increasing Prevalence of Chronic Diseases

  • The rising incidence of chronic diseases such as stroke, orthopedic disorders, and neurological conditions is a significant driver for the rehabilitation equipment market. As the global population ages and chronic conditions become more prevalent, the demand for rehabilitation equipment to improve functional abilities and enhance recovery will continue to grow.

Technological Advancements

  • Continuous advancements in technology, including robotics, virtual reality, wearable devices, and IoT-enabled rehabilitation equipment, are driving the market. These innovations provide more personalized and effective rehabilitation options, leading to improved patient outcomes and greater acceptance of rehabilitation equipment.

Rehabilitation Equipment Market Restraints

High Cost of Rehabilitation Equipment

  • One of the key restraints in the market is the high cost associated with rehabilitation equipment. Advanced technologies and sophisticated equipment often come with a significant price tag, making them less accessible to certain healthcare facilities and individuals. The cost factor can limit the adoption of rehabilitation equipment, particularly in resource-constrained settings.

Limited Reimbursement Policies

  • Inadequate reimbursement policies or limitations in coverage for rehabilitation equipment by healthcare insurance providers can act as a restraint. Limited financial coverage for rehabilitation equipment may pose challenges for patients, especially those with limited financial resources, in accessing the necessary equipment for their rehabilitation needs.

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Rehabilitation Equipment Market Competitive Landscape

The global rehabilitation equipment market is highly competitive and consists of several key players operating at both regional and global levels. These companies continuously strive to gain a competitive edge by focusing on product development, strategic partnerships, and mergers and acquisitions. The competitive landscape is characterized by a combination of established companies with a strong market presence and emerging players offering innovative solutions. The global rehabilitation equipment market is characterized by intense competition, technological advancements, and a focus on meeting the evolving needs of patients and healthcare professionals. The competitive landscape is dynamic, with companies striving to innovate and differentiate themselves through product development, strategic partnerships, and mergers and acquisitions.

Rehabilitation Equipment Market Top Player’s Company Profiles

  • Stryker Corporation (US)
  • Hill-Rom Holdings, Inc. (US)
  • DJO Global, Inc. (US)
  • Drive DeVilbiss Healthcare (US)
  • Essity AB (Sweden)
  • Ottobock SE & Co. KGaA (Germany)
  • Arjo AB (Sweden)
  • Sunrise Medical (US)
  • Permobil AB (Sweden)
  • Joerns Healthcare LLC (US)
  • Handicare Group AB (Sweden)
  • Dynatronics Corporation (US)
  • Hoveround Corporation (US)
  • Prism Medical Ltd. (Canada)
  • GF Health Products, Inc. (US)
  • Merits Health Products Co., Ltd. (Taiwan)
  • Besco Medical Co., Ltd. (China)
  • Vermeiren International (Belgium)

Rehabilitation Equipment Market Recent Development

  • In September 2023, WTWH Media LLC announced the acquisition of HME Business and Mobility Management from 1105 Media Inc. 
  • In February 2023, Select Medical and OhioHealth announced that their joint venture (JV) partnership, OHRH, LLC, signed a definitive agreement with Reunion Hospital Holdings to acquire the operating assets of Reunion Rehabilitation Hospital located at 3805 Emerald Parkway in Dublin, Ohio. 
  • In January 2023, Mobility retailer Lifestyle & Mobility announced the launch of Nexus Rehab, a new company and brand which will focus on complex rehabilitation for end users at home and in clinics. 
  • In March 2022, Hill-Rom (USA) launched the Invacare Freestyle EDGE Power Mobility System, a new generation of power wheelchairs that offer improved performance and safety features. 
  • In February 2022, Ottobock (Germany) launched the Genium X3 Knee, a new generation of robotic knees that offer improved performance and control for people with lower limb disabilities. 

Rehabilitation Equipment Key Market Trends

  • Home-based Rehabilitation: There is a growing trend towards home-based rehabilitation, driven by the need for convenience, cost-effectiveness, and patient preference. Advances in portable and user-friendly rehabilitation equipment enable patients to continue their rehabilitation programs in the comfort of their own homes, under the guidance of healthcare professionals.
  • Rise in Personalized Supplements: The focus on personalized medicine is extending to the rehabilitation field. Healthcare providers and equipment manufacturers are increasingly emphasizing individualized treatment plans and personalized rehabilitation equipment tailored to the specific needs and capabilities of each patient. This trend aims to optimize outcomes and improve patient satisfaction.

Rehabilitation Equipment Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global rehabilitation equipment market analysis, the increasing prevalence of chronic diseases and the growing aging population are the key growth drivers. As the number of people suffering from conditions such as cardiovascular diseases, stroke, arthritis, and musculoskeletal disorders continues to rise, the demand for rehabilitation equipment is also increasing. These devices play a crucial role in facilitating the recovery and rehabilitation process. The global rehabilitation equipment market is driven by factors such as the rising prevalence of chronic diseases, technological advancements, and the need for improved patient outcomes. While challenges exist, there are opportunities to expand the market through innovations, cost-effective solutions, and the integration of rehabilitation equipment in home healthcare and telehealth settings.

Report Metric Details
Market size value in 2022 USD 15.12 Billion
Market size value in 2031 USD 25.76 Billion
Growth Rate 6.10%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Physiotherapy, and Occupational Therapy
  • End-use
    • Hospitals & Clinics, Rehab Centers, Home Care Settings, and Physiotherapy Centers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Stryker Corporation (US)
  • Hill-Rom Holdings, Inc. (US)
  • DJO Global, Inc. (US)
  • Drive DeVilbiss Healthcare (US)
  • Essity AB (Sweden)
  • Ottobock SE & Co. KGaA (Germany)
  • Arjo AB (Sweden)
  • Sunrise Medical (US)
  • Permobil AB (Sweden)
  • Joerns Healthcare LLC (US)
  • Handicare Group AB (Sweden)
  • Dynatronics Corporation (US)
  • Hoveround Corporation (US)
  • Prism Medical Ltd. (Canada)
  • GF Health Products, Inc. (US)
  • Merits Health Products Co., Ltd. (Taiwan)
  • Besco Medical Co., Ltd. (China)
  • Vermeiren International (Belgium)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Rehabilitation Equipment Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Rehabilitation Equipment Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Rehabilitation Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rehabilitation Equipment Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rehabilitation Equipment Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Rehabilitation Equipment Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Rehabilitation Equipment Market size was valued at USD 15.12 Billion in 2022 and is poised to grow from USD 16.04 Billion in 2023 to USD 25.76 Billion by 2031, at a CAGR of 6.10% during the forecast period (2024-2031). 

The global rehabilitation equipment market is highly competitive and consists of several key players operating at both regional and global levels. These companies continuously strive to gain a competitive edge by focusing on product development, strategic partnerships, and mergers and acquisitions. The competitive landscape is characterized by a combination of established companies with a strong market presence and emerging players offering innovative solutions. The global rehabilitation equipment market is characterized by intense competition, technological advancements, and a focus on meeting the evolving needs of patients and healthcare professionals. The competitive landscape is dynamic, with companies striving to innovate and differentiate themselves through product development, strategic partnerships, and mergers and acquisitions. 'Stryker Corporation (US)', 'Invacare Corporation (US)', 'Hill-Rom Holdings, Inc. (US)', 'Medline Industries, Inc. (US)', 'DJO Global, Inc. (US)', 'Drive DeVilbiss Healthcare (US)', 'Essity AB (Sweden)', 'Ottobock SE & Co. KGaA (Germany)', 'Arjo AB (Sweden)', 'Sunrise Medical (US)', 'Permobil AB (Sweden)', 'Joerns Healthcare LLC (US)', 'Handicare Group AB (Sweden)', 'Dynatronics Corporation (US)', 'Hoveround Corporation (US)', 'Prism Medical Ltd. (Canada)', 'GF Health Products, Inc. (US)', 'Merits Health Products Co., Ltd. (Taiwan)', 'Besco Medical Co., Ltd. (China)', 'Vermeiren International (Belgium)'

The rising incidence of chronic diseases such as stroke, orthopedic disorders, and neurological conditions is a significant driver for the rehabilitation equipment market. As the global population ages and chronic conditions become more prevalent, the demand for rehabilitation equipment to improve functional abilities and enhance recovery will continue to grow.

Home-based Rehabilitation: There is a growing trend towards home-based rehabilitation, driven by the need for convenience, cost-effectiveness, and patient preference. Advances in portable and user-friendly rehabilitation equipment enable patients to continue their rehabilitation programs in the comfort of their own homes, under the guidance of healthcare professionals.

North America emerged as the largest market for rehabilitation products, with a significant share in recent years and a projected continuation of its dominance in the forecast period. This can be attributed to several factors, including the large base of the geriatric population in the region and the increasing prevalence of non-communicable diseases such as cancer, cardiovascular disease, diabetes, arthritis, and Parkinson's. The presence of reimbursement programs like Medicare has also played a role in improving access to rehabilitation products, further driving the market growth.

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Global Rehabilitation Equipment Market

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