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Market Research Report

Rehabilitation Device/Equipment Market 2017-2025: Global Industry Size, Share, Demand, Growth Analysis, Market Research, Regional Outlook, & Forecast Report

Published On : 2018-03-29 Report Page : 320 Category: Healthcare

Global Rehabilitation Device Market

Market Overview                            

Innovations has led to smart assistive devices, integrating both software and hardware components, are transforming the rehabilitative regimes of many mainland patients with variety of rehabilitation equipment, ranging from large medical devices to small household items. Wider application of artificial intelligence, brain-computer interfaces, virtual reality and other cutting-edge technologies within the rehabilitative sector are the key element of the large investments in rehabilitation sector. One company in particularly bullish form was Shenzhen Children Laugh Recreation Equipment, a specialist in the autism and cerebral palsy sectors and its equipment can help children suffering from such conditions with their vestibular balance, while also assisting in the development of their visual and auditory senses.

Goldstein Research analyst forecast the rehabilitation device market size is set to reach USD 16.5 billion by 2025, at a CAGR of 10% over the forecast years. Intelligent rehabilitation equipments are officially endorsed by many hospitals and rehabilitation institutions, as well as by consumers themselves, are adding confidence to the rehabilitation device market.

Covered In This Rehabilitation Device Market Report    

The report covers the present ground scenario and the future growth prospects of the rehabilitation device market for 2017-2025 along with the data of installed units in medical facilities and rehab centers worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The rehabilitation device market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players. The report also includes micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Intended Audience

  • Rehabilitation Device Suppliers
  • Rehabilitation Device Manufacturers
  • Research and Development (R&D) Companies
  • Medical Research Laboratories
  • Diagnostic Centers
  • Rehabilitation Centers

Global Rehabilitation Device Market Segmentation

By Product Type

  • Daily Living Aids
    • Medical Beds
    • Bathroom & Toilet Assist Devices
    • Reading Writing & Computer Aids
  • Mobility Equipment
    • Wheelchairs & Scooters
    • Walking Assist Devices
  • Exercise Equipment
    • Lower Body Exercise Equipment
    • Upper Body Exercise Equipment
  • Body Support Devices
    • Patient Lifts
    • Medical Lifting Slings

By Application

  • Physiotherapy
  • Occupational Therapy

By End User

  • Hospitals & Clinics
  • Rehab Centers
  • Home Care Settings
  • Physiotherapy Centers

Based on Geography

  • North America (U.S. & Canada)  rehabilitation device Market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  rehabilitation device Market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)  rehabilitation device Market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  rehabilitation device Market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  rehabilitation device Market {Market Share (%), Market Size (USD Billion)}

Based on product type, mobility equipment dominated the global rehabilitation device market and is projected to generate revenue of USD 6.6 billion by 2025 owing to increase in prevalence of degenerative diseases and number of trauma cases has led to a rise in number of patients in need of rehabilitation. Daily living aids and exercise equipment is growing steadily attributed to increasing number of rehab centers and government awareness programs. While on the basis of end-user, the hospital segment valued at USD 3.76 billion in 2017 and is anticipated to witness high growth over the forecast period.

Global Rehabilitation Device Market Trends, Drivers, & Growth Analysis

Global Rehabilitation Device Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global rehabilitation device market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global rehabilitation device market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global rehabilitation device market report comprises of the following companies as the key players: Invacare Corporation; Medline Industries, Inc.; Dynatronics Corporation; Drive Devilbiss Healthcare; Esko Bionics; Caremax Rehabilitation Equipment Ltd.; GF Health Products, Inc.; Hospital Equipment Mfg. Co.; Maddak, Inc., India Medico Instruments.

According to our global market study on the basis of extensive primary and secondary research: “One trend is the rise of smart rehabilitation devices due to increase in research and development projects specific to implementation of artificial intelligence, virtual reality, etc. Devices like transportable continuous passive motion device ideally suited for any aspect of the earlier rehabilitation stages of the elbow, an electro-rheological fluid based device for resistance exercises and control of the knee and an electrical stimulation and biofeedback device for active-assistive exercises of the knee are the latest innovations in this sector.”

According to the report, major driving factor is the portability of the devices coupled with the technology as the smaller size of the advanced rehabilitation devices also brings down costs by eliminating concerns with storage, portability, and weight, for instance, Neofect’s flagship product is the Rapael Smart Glove, a flexible robotic glove fitted with sensors to capture the patient’s motion and measure the degree of finger and wrist movement. While one of the South Korean tech startup has set out to start with a series of smart home rehabilitation products which uses a meticulously designed biofeedback gaming system to motivate and empower recovering patients throughout their rehab programs.   

Further, the report states the biggest challenge is the cost ineffectiveness of the rehabilitation device market as rehabilitation machines are inherently large and require a permanent or semi-permanent set-up and the facility able to house such a device along with the personnel required for operating them is at a large economic disadvantage.  

Based on geography, North America (37%) and Europe (35%) accounted for the largest share in 2017, whereas, the Asia Pacific market is expected to grow at a CAGR 10.12% between 2017 and 2025 owing to the increasing incidences of rehabilitation cases. Device portability, cost, real-time abilities and versatility are the key potentials for the market. China, Indonesia, Singapore, Saudi Arabia, Australia, Korea and Taiwan are the opportunistic market due to the large investments in the medical devices updation and regulations. Subsidies and reimbursement programs are few factors anticipated to promote growth in Latin America and Middle East & Africa.  

 The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Rehabilitation Device Market Report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the revenue of total market in 2016-17 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Rehabilitation Device/Equipment Market 2017-2025: Global Industry Size, Share, Demand, Growth Analysis, Market Research, Regional Outlook, & Forecast Report

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