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Global Rehabilitation Equipment Market to Reach a Value of About US$ 13,400
Mn in the Year 2022, Mobility Equipment Segment is the Largest in Product
Type
The global rehabilitation equipment market is slated to touch a value of about US$
13,400 Mn in the year 2022 and grow at a robust CAGR during the assessment
period.
The global rehabilitation equipment market is expected to witness sustained growth
due to the rising incidences of degenerative diseases such as Parkinson’s, arthritis,
etc. and a growing number of patients suffering from trauma who need rehabilitation
therapy. In addition, a growing geriatric population is also likely to spur market
growth during the assessment period. There is a pressing need for devices that
provide assistance to the physically challenged people across the globe. Moreover,
since manufacturers have established excellent channels of communication with the
needy population of such devices, innovation in the rehabilitation equipment market
has also increased to a new level. Also, governments across the world are providing
support and subsidies for rehabilitation equipment which is also likely to boost the
demand for such kind of equipment. Moreover, favorable reimbursement policies in
the developed markets of the West are expected to stimulate market growth as well.
The global rehabilitation equipment market is growing at a brisk pace all over the
world. The reasons for this are the increasing number of disabilities that are derived
from non-communicable diseases, favorable reforms in the healthcare sector and an
increasing geriatric population coupled with increasing incidences of chronic
diseases. In addition, increasing support from the government and technological
innovations in the field of rehabilitation equipment which supports the geriatric
population and the physically challenged people is also giving an impetus to this
market. The favorable insurance and reimbursement policies in the healthcare sector
of the countries in the developed world are also boosting the global rehabilitation
equipment market. On the other hand, the high cost of the rehabilitation equipment
along with a high maintenance cost of such equipment are the factors that are
hampering the growth of the global rehabilitation equipment market to some extent.
Persistence Market Research forecasts the Germany rehabilitation equipment market
to exhibit a compound annual growth rate (CAGR) of nearly 6% from 2017 to 2022.
The report has also included the profiles of some of the leading companies in the
rehabilitation equipment market like Caremax Rehabilitation Equipment Co. Ltd,
Drive Devilbiss Healthcare, Invacare Corporation, GF Health Products, Inc., Roscoe
Medical, Medline Industries, Inc., Roma Medical Aids Ltd., and Dynatronics
Corporation.
Report Overview with TOC @ https://www.persistencemarketresearch.com/marketresearch/rehabilitation-equipment-market/toc
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