Global Market Study
on Rehabilitation
Equipment: Europe
to Dominate the Market in Terms of Revenue During the Forecast
Period (2017 – 2022)
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.
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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.
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4 Forecast Highlights on Global Rehabilitation Equipment Market
As per the forecast of Persistence Market Research, the mobility equipment
product type segment is slated to touch a value of more than US$ 3,900 Mn in
the year 2022. This represents a robust CAGR growth during the assessment
period of 2017-2022. The mobility equipment product type segment is
estimated to account for more than one-fourth of the revenue share of the
product type segment by the year 2017 and is forecasted to lose market share by
2022 over 2017.
As per the forecast of Persistence Market Research, the rehabilitation centers
segment will reach a value of about US$ 3,350 Mn in the year 2017. This
represents a robust CAGR growth during the forecast period. The rehabilitation
centers segment is forecasted to account for nearly one-third of the total
revenue share of the end user segment by the end of the year 2017 and is
expected to lose in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the physiotherapy segment
is slated to reach a value of more than US$ 9,800 Mn in 2022. The
physiotherapy segment is expected to gain market share by the end of the year
2022. The largest share is contributed by the Europe region in the
physiotherapy segment.
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 exhaustive research report on global Nano healthcare technology for
medical equipment market has detailed analysis on the various key players
involved in this market. Key companies such as Thermo Fisher Scientific Inc.,
Stryker Corporation, Smith & Nephew Plc., PerkinElmer, Inc., Merck KGaA,
GE Global Research, Ferro Corp, AstraZeneca Plc., Abbott Laboratories and
3M Company are profiled in this research study.
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