Rehabilitation Equipment Market Size, Share & Trends Analysis Report By Product Type (Daily Living Aids, Mobility Equipment, Exercise Equipment, Body Support Devices), By Application, By End-use, By Region, And Segment Forecasts, 2018 - 2025

Report Overview

The global rehabilitation equipment market size was valued at USD 10.53 billion in 2016 and is expected to grow at a CAGR of 6.0% during the forecast period. The market is expected to witness significant growth owing to increasing prevalence of degenerative diseases, such as Parkinson’s, Alzheimer’s, & arthritis, and growing number of trauma patients who require rehabilitation therapy. Moreover, growing geriatric population is also expected to propel the market over the forecast period. 

The need for daily assistive devices for the handicapped population around the globe is increasing rapidly. Awareness about new products available in the market is also growing owing to new channels of communication that are being adopted by manufacturers. Thus, patients remain informed about upcoming products in the market. Local governments in several countries have provided easy financing, subsidies, and alternative financing options for rehabilitation equipment, which are expected to boost demand for assistive products and in turn lead to growth.

Favorable reimbursement policies in large markets, such as the U.S., are expected to provide significant sales opportunities to manufacturers. Reimbursements from Medicare enable people to rely on assistive devices for rehabilitation. Durable medical equipment used for rehabilitation and covered under Medicare are hospital beds, walkers, wheelchairs, canes, crutches, commode chairs, patient lifts, etc. Moreover, to support Global Cooperation on Assistive Technology (GATE), the WHO has introduced Priority Assistive Products List (APL) to improve access to high-quality and affordable assistive products. Such initiatives are expected to increase growth opportunities for manufacturers.

Product Insights

On the basis of product, the market is segmented into mobility equipment, daily living aids, body support devices, and exercise equipment. The mobility equipment segment dominated the overall market in 2016 with a share of 37.1%. This segment is expected to maintain its dominance over the forecast period, owing to growing geriatric and handicapped population worldwide. The mobility devices segment is further divided into wheelchairs & scooters segment and walking assist devices. Walking assist devices are the simplest form of mobility equipment, which are preferred by the target population owing to their low price and simplicity.

Daily living aids is expected to be the second-largest segment by product type during the forecast period. This segment is expected to grow at a CAGR of 6.4% between 2017 and 2025 and is further subcategorized into medical beds; bathroom & toilet assist devices; and reading, writing, & computer aids. Daily living aids are products used by physically disabled persons, patients with physical limitations, and patients undergoing post-surgery recovery, which help them accomplish daily tasks and activities. With an increase in number of such patients, the demand for daily living aids is expected to grow in the coming few years.

Exercise equipment and body support devices segments form the remaining part of the rehabilitation devices market by product type. These segments together accounted for nearly 35.2% share in 2016. Exercise equipment used in rehabilitation consists of handgrip exercisers, pedo cycles, arm, chest, and foot exercisers, multi-exercise chairs, hand gym kit boards, compact shoulder wheels, hand exercise tables, shoulder wheels, etc. On the other hand, the body support segment comprises patient lifts and slings. With an increase in demand for these products, the market is expected to witness significant growth.

Application Insights

On the basis of application, the market is segmented into physiotherapy and occupational therapy segments. The physiotherapy segment comprises exercise equipment used in the rehabilitation of patients after trauma or onset of degenerative diseases. Occupational therapy has a more holistic approach. 

Growing geriatric population, changing lifestyle, increasing number of physiotherapy centers and favorable healthcare reforms are factors that are anticipated to propel the market during the forecast period. Furthermore, technological advancements, such as the development of virtual reality, exoskeletons, robots, and implantable technologies for pain management, and rising demand in emerging economies are significant drivers of rehabilitation equipment in physiotherapy. Physiotherapy uses a variety of techniques for improving, maintaining, and restoring the physical strength and mobility of a person after injury, surgery, and illness.

Occupational therapy is used to perform a comprehensive evaluation of the patient, patient’s family, and surroundings in order to enable the patient to perform daily activities easily. Occupational therapy aims at encouraging patients to perform daily activities. This segment is expected to grow at a CAGR of 5.7% between 2017 and 2025.

End-Use Insights

On the basis of end-use, the rehabilitation devices market is segmented into hospitals & clinics, rehab centers, home care settings, and physiotherapy centers. Hospitals accounted for the largest share of nearly 33.1% in 2016. Owing to the large patient pool of hospitals, this segment is expected to witness significant growth over the forecast period. 

Revenue for rehab centers is expected to grow over the forecast period due to growing awareness about physiotherapy, technological advancements in physiotherapy centers, and rising prevalence of non-communicable diseases, such as arthritis and Parkinson’s disease. The increase in penetration of rehab centers in emerging economies is expected to result in significant growth of rehab centers during the forecast period.

Home care settings and physiotherapy centers together accounted for nearly USD 2.3 billion of the overall rehabilitation equipment market in 2016. There has been a shift from hospitals to home care, in long-term care, owing to the cost-effectiveness of home care as compared to hospitals.

Regional Insights

North America was the largest market for rehabilitation products with a share of 34.2% in 2016 and is expected to continue its dominance during the forecast period. North America has a very large base of geriatric population. The prevalence of non-communicable diseases such as cancer, cardiovascular disease, diabetes, arthritis, and Parkinson’s is increasing in this region. Reimbursement programs, such as Medicare, are improving access to rehabilitation products. Invacare Corporation; Medline Industries, Inc.; Dynatronics Corporation; Ekso Bionics; and G F Health Products, Inc. are some of the leading companies in North America, which manufacture rehabilitation products such as walking aids, daily living aids, wheelchairs, power scooters, and patient lifts & slings. 

Asia Pacific is expected to be the fastest-growing regional market witnessing at a lucrative CAGR of 8.2% during the forecast period. Emerging economies, such as India and China, are the most lucrative markets due to increasing patient pool, improving public and private reimbursement infrastructure, and constant development of healthcare facilities. Increasing awareness about rehabilitation equipment, growing number of physicians, and supportive government programs & policies are expected to boost growth in this region. Rapid adoption of new products amongst patients is also contributing to the growth of the rehabilitation devices market.

Europe held the second-largest share in 2016. The rehabilitation devices market in Europe is expected to witness a sluggish growth owing to decelerating economic growth and the healthcare industry. Moreover, change in the regulatory scenario is also expected to hinder the growth of the rehabilitation devices market in Europe.

Competitive Insights

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.; and India Medico Instruments are some players operating in this market.

Due to greater opportunities present in both developed and developing countries, companies are undertaking various strategic initiatives, such as mergers, acquisitions & collaborations, for developing novel innovative solutions and expanding operations to increase their global presence.

Rehabilitation Equipment Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the rehabilitation devices and equipment market on the basis of product, application, end use, and region:

• Product Type Outlook (Revenue, USD Million; 2014 - 2025)

  • 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

• Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Physiotherapy

  • Occupational Therapy

• End-use Outlook (Revenue, USD Million; 2014 - 2025)

  • Hospitals & Clinics

  • Rehab Centers

  • Home Care Settings

  • Physiotherapy Centers

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Mexico

    • Brazil

  • MEA

    • South Africa