14th
February 2019 - Global
rehabilitation equipment market witnesses a trajectory growth in the forecast
period since the upgradation of medical infrastructure in several countries.
Generally, rehabilitation techniques gauge body functions and structures,
activities & participation, environmental and personal influences.
Basically, there are institutions set up that deal with human impairment and
organ amputation and help such individuals to lead a normal life. Such
institutions are particularly known as rehabilitation centers.
The rehab centers are thus loaded with equipment to assist the patient to
regain and develop maximal functioning. Not only rehab helps in modifying an
individual’s environment but also enables them with suitable movements helping
them to achieve maximum sustainability. It minimizes the severity of a broad
range of health conditions.
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On a commercial scale, the number of patients has increased that are
admitted to rehabilitation centers with advanced improvements in the function
and design of rehabilitation equipment. This significantly benefits the
geriatric population and physically challenged patients. Rehabilitation
equipment is therefore a reusable aid that helps the patient with their
day-to-day activities.
Rehabilitation equipment market is driven by factors such as rising
healthcare forms, rising prevalence of disabilities owing from non-communicable
diseases and rising geriatric population along with rising incidences of
chronic diseases. However, high costs for such equipment is likely to impede
the market growth in the forecast period. Rehabilitation equipment market is
segmented into lower body exercise equipment, upper body exercise equipment and
total body exercise equipment, based on product type. By end-user, the
rehabilitation equipment market is bifurcated into hospitals & clinics,
home care settings and rehabilitation centers.
By application, the rehabilitation equipment market is segmented into
physiotherapy and occupational therapy. Physiotherapy segment is the largest
segment in the market and is expected to register a higher CAGR in the forecast
period owing to factors such as rising need for physiotherapy among the aging
population and disabled patients and also involvement of favorable government
policies.
Based on product type, the rehabilitation equipment market is segmented
into sensory function related robotic, sports function related robotic and
perceptual language recovery robotic. Based on end-user type, the
rehabilitation equipment market is segmented into daily living beds, medical
beds; bathroom & toilet assist devices, mobility equipment, wheelchairs
& scooters, walking assist devices, exercise equipment, patient lifts, and
medical lifting slings.
Geographically, the rehabilitation equipment industry spans North
America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. European
market accounted for largest share in the global market. North America is
anticipated to grow at a higher CAGR in the forecast period owing to rising
prevalence of lifestyle diseases, rising geriatric population and stringent
government regulations pertaining to the use of rehabilitation equipment.
The key players in the rehabilitation equipment industry include Alimed,
AlterG, Bionik, Ekso Bionics, Myomo, Hocoma, Biodex, GF Health Products Inc,
Stryker Corporation, Instead Technologies, Arestech LLC, Kinova, MRISAR,
Robotdalen, RU Robots, Woodway, Tyromotion, Medline Industries Inc, ROMA Medical,
Dynatronics Corporation, ScripHessco, HUR and Changzhu Qian Jing
Rehabilitation.
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