Global Rehabilitation Equipment Market

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


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

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

  • 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. 
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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 rehabilitation equipment market is highly competitive and consists of several key players operating at both regional and 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 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 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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Rehabilitation Equipment Market

Product ID: SQMIG35A2417

$5,300
BUY NOW GET FREE SAMPLE