Rehabilitation Equipment Market To Reach $21.5 Billion By 2030

Rehabilitation Equipment Market Growth & Trends

The global rehabilitation equipment market size is expected to reach USD 21.5 billion by 2030, registering a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Global increase in prevalence of degenerative diseases and number of trauma cases has led to a rise in number of patients in need of rehabilitation, which is anticipated to boost growth over the forecast period. 

Growing demand for rehabilitation devices in emerging economies is expected to boost the market in regions such as Asia Pacific and Latin America. Strengthened communication between manufacturers and customers due to various strategies employed by manufacturers, government awareness programs, subsidies, and reimbursement programs are few factors anticipated to promote growth.

Mobility equipment was the largest product category in 2016 and is expected to maintain its dominance during the forecast period. This segment held a share of nearly 37.1% in 2016. Exercise equipment segment is expected to witness the strongest growth over the forecast period owing to rise in number of physicians practicing physiotherapy and increase in adoption of physiotherapy in the rehabilitation process.

On the basis of end-use, the hospitals segment held a revenue share of nearly 33.1% in 2016 and is expected to be dominant during the forecast period. Large patient pool of hospitals and rapidly improving rehabilitation centers are amongst key factors attributing to the growth of this segment. Home care settings segment is expected to witness the fastest growth over the forecast period with a CAGR of around 7.4%. Economic benefits of home care over hospitals are primary causes of the anticipated growth. On the basis of geography, North America and Europe accounted for the largest share in 2015, whereas, the Asia Pacific market is expected to grow at a CAGR 8.2% between 2017 and 2025.

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Rehabilitation Equipment Market Report Highlights

• The mobility equipment segment dominated the overall market in 2022 and is expected to maintain its dominance over the forecast period owing to the growing geriatric and handicapped population worldwide.

• On the basis of end-use, hospitals accounted for the largest revenue share in 2022. Owing to the large patient pool of hospitals, this segment is expected to witness significant growth over the forecast period.

• The occupational therapy segment held the largest market share of 76.3% in 2022. Occupational therapy is used to comprehensively evaluate the patient, the patient's family, and the surroundings to enable and encourage the patient to perform daily activities easily.

• The market in Asia Pacific is expected to be the fastest-growing regional market witnessing a lucrative CAGR of 6.9% during the forecast period owing to various developments taking place in major economies such as China and India.

Rehabilitation Equipment Market Segmentation

Grand View Research has segmented the global rehabilitation equipment market on the basis of product, application, end-use, and region: 

Rehabilitation Equipment Product Outlook (Revenue, USD Million, 2018 - 2030)

• 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

Rehabilitation Equipment Application Outlook (Revenue, USD Million, 2018 - 2030)

• Physiotherapy

• Occupational Therapy

Rehabilitation Equipment End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Clinics

• Rehab Centers

• Home Care Settings

• Physiotherapy Centers

Rehabilitation Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Rehabilitation Equipment Market

• Invacare Corporation

• Medline Industries, Inc.

• Dynatronics Corporation

• Drive Devilbiss Healthcare

• Ekso Bionics

• Caremax Rehabilitation Equipment Ltd

• GF Health Products, Inc

• Hospital Equipment Mfg. Co

• Maddak, Inc.

• India Medico Instruments