Rehabilitation Equipment Market Size, Share, Industry, Forecast and outlook (2024-2031)

Rehabilitation Equipment Market is segmented By Product type (Daily Living Aids, Bathroom & Toilet Assist Devices, Medical Beds, Reading, Writing & Computing Aids, Mobility Equipment, Wheelchairs & Scooters, Walking Assist Devices, Exercise Equipment, Upper Body Exercise Equipment, Lower Body Exercise Equipment, Total Body Exercise Equipment, Body Support Devices, Medical Lifting Slings, Patient Lifts), By Application (Physiotherapy, Occupational Therapy, Strength and Endurance Training), By End User (Rehabilitation and Physiotherapy Centers, Hospitals and Clinics, Homecare Setting), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

The global rehabilitation equipment market is US$ YY million in 2022 and is estimated to grow at a CAGR of YY% during the forecast period (2024-2031) to reach a value of US$ YY% million in 2031.

Rehabilitation equipment encompasses a wide range of devices and tools designed to assist individuals in recovering from injuries, surgeries, or medical conditions. These devices aim to improve mobility, strength, coordination, and overall function.

The market for rehabilitation equipment is driven by the increase in the number of people with disabilities and people affected with chronic diseases such as diabetes, rising advanced technology, increasing demand for therapies, and the rising investment in healthcare infrastructure in emerging markets.

Rehabilitation equipment is often prescribed and supervised by healthcare professionals such as physiotherapists, occupational therapists, or orthopedic specialists, depending on the specific needs of the individual.

Rehabilitation Equipment Market - Strategic Insights

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Market Drivers

Rising technological advancements

Technological advancements play a significant role in shaping the landscape of the rehabilitation equipment market. Innovations in technology contribute to the development of more effective, personalized, and accessible rehabilitation solutions.

Technological advances have resulted in increasing rehabilitation equipment adoption. The rising number of surgical procedures, increasing awareness about physiotherapy or occupational therapy and rising healthcare expenditure by governments and the private sector could lead to higher infrastructure investments and drive the rehabilitation equipment market.

Various novel product launches and research studies contribute to the market’s growth. For instance, on May 24, 2022, Invacare Corporation introduced its innovative lift Birdie Evo XPLUS in the U.S. For the post-acute care setting, Birdie Evo is the latest novel patient lift solution.

Birdie Evo XPLUS, with its modern and sleek design, offers innovative technology that maximizes security and comfort during transferring or lifting a patient to or from a chair, bed or floor. It has a user-friendly ergonomic sling hook and Slow’R integrated dampener, an innovative hardware piece that minimizes the rocking movement.

In February 2021, Fujitsu launched a new AI-powered physical rehabilitation solution in Japan called FUJITSU Healthcare Solution HOPE ROMREC, which acts as a powerful new tool for rehabilitation and orthopedic therapies in medical institutions like hospitals and clinics.

Thus, the above factors help to drive the market growth.

Market Restraints

High cost associated with rehabilitation equipment

The high cost associated with the equipment acts as a market restraint.

The global market for rehabilitation equipment is restrained by the high cost of rehabilitation equipment, including occupational therapy and physical therapy or exercise equipment, which costs around $3,029. The cost of an electric wheelchair can range between $1,000- $15,000 approximately. The price range for a portable mobility scooter will be nearly $700.

The cost of this equipment is so high that people from low or middle-income countries can’t buy these products. As these devices are expensive, they also need huge maintenance investment as these have a complex system and hence need proper maintenance for better functioning.

The endurance T50 walking treadmill is estimated to cost about $1,195.00 which is expensive to afford.

Patients must typically pay a large portion of the cost of rehabilitation equipment out of pocket because insurance plans frequently only cover a portion of it.

High investments for the development of the equipment could also hinder market growth due to the lack of resources for the startup companies.

Thus owing to the above factors, the market is expected to restrain over the forecast period.

Market Opportunity

Integration with robotics, virtual reality, and artificial intelligence

Rehabilitation equipment can be modified for remote therapy sessions as telehealth platforms gain popularity. Envision patients utilizing VR treatment devices or smart exercise bikes under the virtual guidance of clinicians. This increases access to care, particularly for individuals with limited mobility or in remote locations.

AI can customize rehabilitation programs for each patient's specific requirements and strengths by evaluating individual genetic data and biometrics. More successful and efficient therapy results from this customized strategy. Particularly for younger patients or those with chronic diseases, gamified virtual reality experiences can add excitement and engagement to the rehabilitation process.

Throughout a patient's journey, robots can offer tailored advice and feedback that adjusts to each person's requirements and capabilities. This keeps patients motivated and involved.

By automating repetitive activities that therapists perform, robots can increase overall efficiency and free up therapists' time for more individualized patient encounters.

Robot-assisted exoskeletons can encourage independence and self-reliance in patients with mobility disabilities by assisting them with walking, climbing stairs, and other daily activities.

Covid Impact Analysis

The pandemic has negatively impacted global financial expectations, operations and crisis response strategy.

The COVID-19 outbreak has severely affected the healthcare industry. The rehabilitation equipment market has experienced huge losses due to COVID-19 as various research and clinical trials got delayed and postponed due to the increasing cases of COVID.

Key manufacturers have started various research and clinical trials. Multiple initiatives, product launches, collaborations and mergers are happening worldwide, boosting the market’s growth. For instance, on January 28, 2021, Dynatronics Corporation, an athletic training, rehabilitation products, and physical therapy manufacturer, introduced its novel bariatric stand-in table along with a premium laminated H-brace treatment table and a motorized patient lift.

The delay and postponement of the rehabilitation services to prioritize the COVID patients impacted the use of the rehabilitation equipment which has influenced the market growth. The restrictions imposed during the pandemic have limited individuals to the rehab centers for treatments. Thus, COVID-19 has impacted the market growth negatively.

Lockdowns and restrictions hampered production and distribution of equipment, leading to shortages and price hikes. Non-essential surgeries and rehabilitation services were postponed, reducing demand for equipment. Budget cuts and resource limitations impacted equipment purchases. Concerns about infection and limited access to healthcare facilities reduced equipment utilization.

The shift towards home-based care due to safety concerns boosted demand for portable and home-use rehabilitation equipment. The pandemic highlighted the need for respiratory rehabilitation equipment, leading to increased demand for ventilators, nebulizers, and other respiratory aids.

Market Segmentation – By Product Type

Mobility Equipment

Mobility Equipment in the global rehabilitation equipment market was valued at US$ XX million in 2022 and is estimated to reach US$ XX million by 2031, growing at a CAGR of XX% during the forecast period from 2024-2031.

The mobility rehabilitation equipment segment is the highest market holder in the global rehabilitation equipment market. The global rehabilitation equipment market is segmented based on product type in daily living aids, mobility equipment, exercise equipment and body support devices.

The mobility equipment segment is the largest market shareholder due to its rising adoption and demand owing to increasing disabilities, increase in technological advancements and novel product launches.

Mobility aids devices are specially developed to help people facing moving around issues and enjoy freedom and independence. Generally, people who are injured or disabled, or older adults with an increased risk of falling, use these mobility aids.

 These mobility devices offer several advantages to users, such as reduced pain, more independence, and boosted self-esteem and confidence. The mobility equipment segment is further sub-segmented into wheelchairs & scooters, and walking assist devices.

The growing number of regulatory approvals, technological advancements, product launches, and research/clinical trial studies drive the market’s growth.

For instance, in February 2022, Invacare Corporation introduced its next-generation e-fix eco, a power assist device. A manual wheelchair gets transformed into a portable power chair via a battery, joystick, and in-wheel motors. Alber e-fix eco power assist is furnished with a novel modern design for the color display, wheel hub, battery, and bag. The e-fix eco displays a significant upgrade or advancement from the previous generation.

Additionally, in November 2022, Penumbra, Inc., a global healthcare company focused on innovative therapies, introduced the first full-body, non-tethered immersive virtual reality (VR) healthcare offering.

It is built on advanced technology with a growing library of VR-based activities and experiences, the REAL Immersive System platform is comprised of two product solutions: REAL y-Series for clinical rehabilitation and REAL i-Series for wellness.

Thus, owing to the above factors, it is expected to hold the largest segment.

Market Segmentation – By Region

North America

The global market for rehabilitation equipment is dominated by North America, in notably the United States. The growing prevalence of chronic diseases, a developed healthcare infrastructure and rising healthcare costs are among the primary factors.

North America dominates the global rehabilitation equipment market primarily due to its large population, excellent medical infrastructure, and high-income levels. The market is expected to grow at a relatively high pace during the forecast period due to healthcare expenditure in the US.

The market’s significant size is attributed to the high medical expenditure. The number of people affected with chronic disease is projected to rise to 629 million by 2045, as per the International Diabetes Federation.

Increasing expenditure on healthcare and raising awareness among people is also contributing to the market’s growth in this region.

Advancement of applications of rehabilitation equipment in physiotherapy or occupational therapy, increase in pharmaceutical establishment across the region and government approvals, and the presence of key players in the region are contributing to the growth of the rehabilitation equipment market.

Moreover, the growing number of product launches is responsible for the market’s growth. Many key developments, technological advancements, collaborations, and agreements are taking place in this region.

For instance, on August 8, 2022, Sunrise Medical launched of RGK, a premium and advanced made-to-measure manual wheelchair range in North America. RGK wheelchairs develop every day and made-to-measure sports wheelchairs. The chair is built individually to suit its rider's unique individuality and requirements.

Additionally, in April 2023, Rehabilitation robotics company Harmonic Bionics declared that the company has registered their flagship exoskeleton Harmony SHR  with the FDA as a Class II 510(k)-exempt device. The company  exhibited the Harmony SHR system at the American Occupational Therapy Association (AOTA) Inspire 2023 Annual Conference.

Thus, the above-mentioned factors can drive the region’s growth.

Company Share Analysis

The global rehabilitation equipment market is expected to be moderately competitive, owing to the presence of big brands. Also, the market is expanding due to the presence of several large and regional players entering into the market.

The key players which are contributing to the growth of the global market include GF Health Products, Inc., Chinesport S.p.A, Invacare Corporation, Medline Industries LP., Dynatronics Corporation, Life Care Systems, Drive DeVilbiss Healthcare, GF Health Products, Inc., Savaria, Etac AB, Sunrise Medical Inc., Roma Medical, and among others.

The key players are adopting strategies such as partnerships, mergers, acquisitions and regional expansion to stand out as strong competitors in the market. Novel services and enhanced focus on research and development are other ways the leading players can improve their market presence.

Gf Health Products, Inc. – Overview

GF Health Products, Inc. (Graham-Field) is one of the world's leading manufacturers of medical products in the healthcare industry.

Graham-Field offers a wide array of items used in hospitals, extended care facilities, clinics and for people being cared for at home. Graham-Field’s products and services have been designed to enhance the quality of life of the people who use the products and those who care for them.

Graham-Field’s well-known brand names include Everest & Jennings Wheelchairs; Lumex Patient Aids and Healthcare Seating; Basic American Medical Products Beds and Furnishings; Hausted Surgical Stretchers and Chairs.

It is primarily for the home healthcare, rehabilitation, long-term care, and medical-surgical markets in North America, Central and South America, Europe, and Asia.