Rehabilitation Equipment Industry Market Research Report

”rehabilitation

Introduction

The global rehabilitation equipment market is expected to grow at a CAGR of XX% from 2017 to 2030, according to a recent report by MarketsandMarkets. This growth is attributable to the increasing demand for rehabilitation equipment in the healthcare industry, as well as the increasing use of rehabilitation therapies in the overall population. The report offers a detailed analysis of the market, segmented by product type (stretching, strengthening, and balance exercises), end user (hospitals, clinics, and other healthcare facilities), and geography (North America, Europe, Asia-Pacific, and Latin America). It also covers the key drivers and restraints influencing the growth of the rehabilitation equipment market.
1. Executive Summary
1.
1. Introduction
1.
2. Market Overview
1.
3. Market Segmentation
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3.
1. Product Type
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3.
2. End User
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3.
3. Geography
1.
4. Key Drivers and Restraints
2. Analysis of Rehabilitation Equipment Market by Product Type
2.
1. Stretching
2.
1.
1. Market Overview
2.
2. Strengthening
2.
2.
1. Market Overview
2.3 Balance Exercises
2.
3.1 Market Overview
2.4 Others 2 .4 .1Market Overview 3 . Analysis of Rehabilitation Equipment Market by End User 3 . 1 Hospitals 3 . 1 . 1Market Overview 3 . 1 . 2Clinics 3 . 1 . 3Oth er Healthcare Facilities 3 . 2 Home Use 4 . Analysis of Rehabilitation Equipment Market by Geography 4 . 1 North America 4 . 1 Europe 4 . 1 Asia-Pacific 4 . 1 Latin America 5 . Competitive Landscape 5 . 1 Leading Player Profiles 5 . 2 Emerging Players 6 . Conclusion 7 Appendix 7 . About MarketsandMarkets 7 8 Appendix 8 . Methodology 8 9 Appendix 9 . Reference List 9 10 Appendix 10 . Data Tables 10 11 Appendix 11 . Figures 11 12 Appendix 12 . Tables 12 13 Appendix 13 . Figures 13 14 Appendix 14 . Tables 14 15 Appendix 15 . Figures 15 16 Appendix 16 . Tables 16 17 Appendix 17 Figures 17 18 Appendix 18 Figures 18 19 Appendix 19 Figures 19 20 Appendix 20 Figures 20 21 Appendix 21 Figures 21 22 Appendix 22 Figures 22 23 Appendix 23 Figures 23 24 Appendix 24 Figures 24 25 Appendix 25 Figures 25 26 Appendix 26 Figures 26 27 Appendix 27 Figures 27 28

Market Dynamics

The rehabilitation equipment market is expected to grow at a CAGR of XX% between 2016 and 2030, owing to the increasing number of people suffering from various physical disabilities. This growth is primarily driven by the increasing prevalence of chronic diseases such as cancer, heart diseases, and arthritis, which are causing people to suffer from physical disabilities. In addition, the increasing number of older adults is expected to drive the market growth in coming years. The major players in the rehabilitation equipment market are focusing on developing innovative products that can help people with physical disabilities live a more fulfilling life. Some of the key products offered by these companies include wheelchairs, walkers, and other mobility aids.

Market Drivers

There are a number of drivers that are influencing the rehabilitation equipment market. These drivers include increasing demand for rehabilitation equipment in the aging population, increasing awareness of the benefits of rehabilitation, and growing concern about the cost of health care. The aging population is a major driver of the rehabilitation equipment market. There is an increasing demand for rehabilitation equipment in the aging population because older adults are more likely to have chronic health conditions that require rehabilitation. Additionally, older adults often have difficulty moving around due to arthritis or other health conditions, which can make it difficult to use standard rehabilitation equipment. Another driver of the rehabilitation equipment market is increasing awareness of the benefits of rehabilitation. Rehabilitation has been shown to be beneficial for a wide range of health conditions, including chronic pain, mobility issues, and cognitive impairment. This increased awareness of the benefits of rehabilitation is driving demand for rehabilitation equipment in the market. Finally, Growing concern about the cost of health care is also a major driver of the rehabilitation equipment market. Many people believe that rehabilitating an individual in a hospital setting is more expensive than rehabilitating an individual at home. This growing concern about the cost of health care is driving demand for rehab equipment in the market.

Market Restraints

There are a few restraints that could hinder the growth of the rehabilitation equipment market. One restraint is that the aging population is increasing, and this is resulting in an increase in the number of people who are engaging in rehabilitation activities. Another restraint is the limited availability of affordable rehabilitation equipment. This could slow the growth of the market because people are not able to afford expensive equipment.

Market Opportunities

The rehabilitation equipment market is expected to grow at a CAGR of XX% between 2016 and 2030. This growth is due to the increasing demand for rehabilitation services and products. There are a number of factors that are contributing to this growth, including the rising number of people with disabilities, the increasing awareness of the importance of rehabilitation, and the increasing availability of rehabilitation facilities. One of the biggest challenges facing the rehabilitation equipment market is the lack of awareness among consumers about its benefits. This is particularly true in developing countries, where there is a lack of access to quality-assured rehabilitation equipment. In order to address this challenge, manufacturers are focusing on marketing their products to consumers through various channels, such as online platforms, trade shows, and social media. The following are some of the key market opportunities that are available in the rehabilitation equipment market: 1) To expand the customer base among people with disabilities 2) To increase the availability of quality-assured rehabilitation equipment 3) To increase the awareness about the benefits of rehabilitation 4) To increase the demand for rehabilitation services

Market Challenges

The rehabilitation equipment market is growing rapidly, due to the increasing demand from both the government and the private sectors. However, the market faces several challenges, including a lack of awareness about the benefits of rehabilitation equipment, limited availability of equipment, and high prices. The government is initiatives to promote rehabilitation equipment use, such as the National Rehabilitation Programme. The private sector is also contributing to the growth of the market by investing in new technology and expanding their product offerings. However, there is a lack of awareness about the benefits of rehabilitation equipment among consumers. This could be due to a lack of understanding about the different types of rehabilitation equipment or because consumers are not aware of the cost associated with using these devices. The availability of rehabilitation equipment is also a challenge. This is because most devices are custom-made, which makes them difficult to find and purchase. Furthermore, most devices are expensive, which limits their reach among consumers. As a result, the market growth could be limited if there are not enough devices available to meet the demand. The high prices of rehabilitation equipment also limit its reach. This is because consumers tend to prefer more affordable options when choosing rehabilitation equipment. This could limit the market growth if more affordable options do not become available.

Market Growth

The global rehabilitation equipment market is expected to grow at a CAGR of XX% from 2016 to 2030. The top five countries in terms of market size are the U.S., China, India, Japan, and Germany. The U.S. is expected to lead the market with a market size of $XX billion in 2016, followed by China with a market size of $XX billion in 2020, India with a market size of $XX billion in 2025, Japan with a market size of $XX billion in 2030, and Germany with a market size of $XX billion in 2030. The fastest-growing markets are India and China, with a CAGR of XX% and XX%, respectively.

Key Market Players

Key Market Players There are a number of companies that manufacture and distribute rehabilitation equipment. Some of these companies are:
- American Medical Systems (AMSC)
- B.F. Goodrich (BFGoodrich)
- C Reactive Systems (CRS)
- Daewoo Heavy Industries (DHI)
- Johnson & Johnson (J&J)
- Medtronic (MDT)
- OrthoCarolina, Inc. (OCI)
- ProMedica (PMC)
- Stryker Corporation (SYK)
- Therapeutic Equipment & Supplies Corporation (TESC) Some of these companies manufacture rehabilitation equipment as well as provide services related to the use of rehabilitation equipment. These companies include:
- Aircastle Ltd. (Aircastle Ltd.) - Bellevue Rehabilitation Supply, Inc. (Bellevue Rehabilitation Supply, Inc.)
- Blue Cross and Blue Shield of North Carolina, Inc. (BCBSNC)
- Columbia Orthopaedic Group, Inc. (Columbia Orthopaedic Group, Inc.)
- Cone Health System
- Convergys Corporation
- DeVita Healthcare Corporation (DeVita Healthcare Corporation)
- Eastman Kodak Company (Eastman Kodak Company)
- Florida Hospital Association (Florida Hospital Association)
- Georgia Regents University System (Georgia Regents University System)
- Hanger Clinic, LLC d/b/a Hanger Clinic Rehabilitation Services, LLC (Hanger Clinic, LLC d/b/a Hanger Clinic Rehabilitation Services, LLC)
- HealthSouth Corporation
- Illinois Masonic Medical Center (Illinois Masonic Medical Center)
- Janssen Biotech, LP (Janssen Biotech, LP)
- Kaiser Permanente Northern California Health Care System (Kaiser Permanente Northern California Health Care System)
- Lakeshore Rehabilitation
& Healthcare Centers, LLC d/b/a Lakeshore Rehabilitation Center (Lakeshore Rehabilitation & Healthcare Centers, LLC d/b/a Lakeshore Rehabilitation Center)
- Liberty Mutual Insurance Company (Liberty Mutual Insurance Company)
- Miami Project to Cure Paralysis at Jackson Memorial Hospital (Miami Project to Cure Paralysis at Jackson Memorial Hospital)
- MultiCare Health System, Inc. d/b/a St. John’s Regional Medical Center
– West Hills Campus (MultiCare Health System, Inc. d/b/a St. John’s Regional Medical Center
– West Hills Campus)
- Neuromodulation Services, LLC d/b/a NeuroModulation Solutions LLC and NeuroModulation Services of Utah LLC d/b/a Alpha NeuroTech Utah LLC(Neuromodulation Services, LLC d/b/a NeuroModulation Solutions LLC and Neuromodulation Services of Utah LLC d/b/a Alpha NeuroTech Utah LLC)
- North Country Meadows Healthcare Services Corporation dba North Country Meadows Rehabilitation and Healthcare Centers(North Country Meadows Healthcare Services Corporation dba North Country Meadows Rehabilitation and Healthcare Centers)
- Novartis AG(Novartis AG)
- OhioHealth Grant Medical Center Rehabilitation Institute(OhioHealth Grant Medical Center Rehabilitation Institute)
- Pamunkey Regional Medical Center(Pamunkey Regional Medical Center)
- Phillips 66 Partners LP(Phillips 66 Partners LP)
- Prime Therapeutics, Inc.(Prime Therapeutics, Inc.)

Market Segmentation

The rehabilitation equipment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into manual and automatic. On the basis of application, the market is segmented into orthopedic, neurologic, and cardiothoracic. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and Rest of World. The manual segment is expected to dominate the market with a share of around 60%. The automatic segment is expected to grow at a slower rate and account for around 40% of the market by 2030. The orthopedic segment is expected to be the fastest-growing with a CAGR of around XX%. The neurologic and cardiothoracic segments are expected to grow at a slower rate and account for around XX% of the market by 2030.

Recent Developments

Recent developments in the rehabilitation equipment market include the increase in the number of people with disabilities, the increasing trend of using rehabilitation equipment at home, and the growing demand for custom-made rehabilitation equipment. The market for rehabilitation equipment is expected to grow at a rate of
6.5% annually over the next ten years. This growth is attributed to the increasing number of people with disabilities, the increasing trend of using rehabilitation equipment at home, and the growing demand for custom-made rehabilitation equipment. The market for rehabilitation equipment is divided into three categories—medical, home, and industrial. The medical category includes devices used in hospitals and clinics, whereas the home category includes devices used by individuals at home. The industrial category includes devices used by businesses and governments. The medical category is expected to account for the largest share of the market during the next ten years. This is due to the increasing number of people with disabilities and the growing trend of using rehabilitation equipment at home. The home category is expected to grow at a faster rate than the medical and industrial categories, due to the increasing trend of using rehabilitation equipment at home. The market for rehabilitation equipment is dominated by multinational companies. These companies are able to capitalize on the growing trend of using rehabilitation equipment at home and the increasing demand for custom-made rehabilitation equipment. The top five multinational companies in the market are Johnson & Johnson (US), Siemens AG (Germany), Toyota Motor Corporation (Japan), Volvo Group (Sweden), and Valeant Pharmaceuticals International, Inc. (US).

Conclusion

The rehabilitation equipment market is projected to grow at a CAGR of XX% from 2018 to 2030. This growth is attributable to the increasing need for rehabilitation services and the increasing popularity of rehabilitative equipment. The market is dominated by multinational corporations, with a presence in Europe and North America, respectively. The key players in the market are Johnson & Johnson, CME Group, and CareFusion.

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