What Has Been the Growth of the Rehabilitation Equipment Market So Far?
The rehabilitation equipment market has seen considerable growth due to a variety of factors.
• The market for rehabilitation equipment has been expanding rapidly in the past few years. From being valued at $17.36 billion in 2024, it is predicted to reach a valuation of $18.64 billion in 2025, at a compound annual growth rate (CAGR) of 7.4%.
Factors contributing to its growth during the historic period include a rising older population, an increase in disability incidents, greater involvement in sports activities, growth in chronic illnesses, a surge in sports-related injuries, and a heightened emphasis on preventive healthcare.
How Will the Rehabilitation Equipment Market?
The rehabilitation equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations show a robust expansion in the rehabilitation equipment market over the next few years, with a projected growth rate of 7.0% CAGR. This could lead to the market attaining a value of $24.48 billion by 2029. The anticipated growth within this period can be associated with the escalating focus on personalized medicine, increased expenditure on healthcare, the emergence of telemedicine, and the growing incidence of degenerative diseases. The forecast period is also expected to witness significant trends such as the incorporation of artificial intelligence (AI) into rehabilitation equipment, the advent of innovative rehabilitation tools, smart rehabilitation devices, the convergence of virtual reality (VR) and augmented reality (AR), and the development of remote monitoring solutions.
Which Factors Are Boosting Growth In The Rehabilitation Equipment Market?
The upswing in the need for home healthcare services anticipates fuelling the growth of the rehabilitation equipment market in the future. These services span both medical and non-medical aid delivered in private residences to cater to the health requirements of individuals. There are several reasons contributing to this escalating demand including an aging demographic, advancements in medical innovation, and a transformation towards value-focused care. The usage of rehabilitation equipment in home healthcare expedites recovery and augments strength, flexibility, and equilibrium while advocating self-reliance and guaranteeing patient safety through bespoke monitoring and modifications. For example, in March 2024, as stated by the Centers for Medicare and Medicaid Services (CMS), a federal agency based in US, the count of Medicare Fee for Service (FFS) individuals making use of home health care escalated by 8.3% in 2021 to roughly 3 million, with 11,474 Medicare-certified home health organizations dispersed nationwide. Hence, the burgeoning need for home healthcare services is influencing the growth of the rehabilitation equipment market.
What Key Areas Define The Segmentation Of The Global Rehabilitation Equipment Market?
The rehabilitation equipment market covered in this report is segmented –
1) By Product: Therapy Devices, Daily Living Aids, Mobility Equipment, Exercise Equipment, Body Support Devices
2) By Application: Physiotherapy, Occupational Therapy, Other Applications
3) By End-use: Hospitals And Clinics, Rehab Centers, Home Care Settings, Physiotherapy Centers
Subsegments:
1) By Therapy Devices: Electrical Stimulation Devices, Ultrasound Therapy Devices, Heat And Cold Therapy Devices, TENS (Transcutaneous Electrical Nerve Stimulation) Devices
2) By Daily Living Aids: Walking Aids, Dressing Aids, Reaching Aids, Bathing Aids
3) By Mobility Equipment: Wheelchairs, Scooters, Walking Frames, Crutches
4) By Exercise Equipment: Resistance Bands, Exercise Balls, Pedal Exercisers, Treadmills
5) By Body Support Devices: Back And Neck Braces, Knee And Ankle Supports, Shoulder And Elbow Supports, Wrist And Hand Supports
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Which Emerging Market Trends Are Altering The Rehabilitation Equipment Industry?
Major players in the rehabilitation equipment market are concentrating their efforts on developing cutting-edge technologies such as VR-based rehabilitation platforms to secure a competitive advantage. A VR-based rehabilitation platform is a digital interface that employs virtual reality technology to aid physical or cognitive rehabilitation for individuals. Penumbra Inc., a healthcare firm based in the US, for example, introduced the REAL y-Series in November 2022. This innovative, full-body VR-based rehab device is suitable for both upper and lower extremities and comes with a full-body avatar. It aims to enhance patients undergoing physical or occupational therapy by augmenting their physical, mental, and cognitive wellness. This immersive therapy solution aims to improve the patient's engagement, motivation, and outcomes by offering a holistic therapy approach. This approach caters to a broad spectrum of requirements ranging from core and balance training to cognitive stimulation and mastering everyday life activities.
Who Are the Key Players In The Rehabilitation Equipment Market?
Major companies operating in the rehabilitation equipment market report are:
• Medtronic plc
• Medline Industries Inc.
• Koninklijke Philips N.V.
• Stryker Corporation
• Hill-Rom Holdings Inc.
• Arjo
• DJO Global Inc.
• Sunrise Medical Limited
• Invacare Corporation
• Caremax Rehabilitation Equipment Co. Ltd.
• Etac AB
• Permobil
• LINET spol. s.r.o.
• Joerns Healthcare LLC
• DeVilbiss Healthcare LLC
• Hoveround Corporation
• Winncare Group
• Dynatronics Corporation
• GF Health Products Inc.
• Roma Medical
• Paragon Medical
• Merits Health Products Co. Ltd.
• Ekso Bionics Holdings Inc.
• TecnoBody S.p.A.
• Lifeward Inc.
• Antano Group
• Changzhou Qianjing Rehabilitation Corp. Limited
• Besco Medical Co. Ltd.
• Vermeiren International
• Ossenberg GmbH
What Is The Most Dominant Region In The Rehabilitation Equipment Market?
North America was the largest region in the rehabilitation equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rehabilitation equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
