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