Rehabilitation Equipment Market
Rehabilitation is a course of assisting individuals with accomplishing the most elevated level of capability, independence, and personal satisfaction conceivable. Care can assist individuals with getting back, keeping, or further developing capacities, (for example, mental, physical, and/or mental) that they need for daily life. Rehabilitation administrations assist with peopling return to daily life and live in a typical or close typical manner. A definitive point of rehabilitation is to furnish the person with open doors for full and compelling cooperation and consideration in the public eye. Rehabilitation equipment assists with working with the course of recuperation from a physical issue, infection, or sickness to a typical condition through therapy and directing. This equipment assists with the return to daily life and carries on with an ordinary life.
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Drivers:
The rising demand for rehabilitation treatments because of the rising pervasiveness of persistent infections, like Alzheimer’s, Parkinson’s, and joint pain, is supposed to support the development of the global rehabilitation equipment market. For example, in February 2020, Honda R&D Americas Inc. and Ohio State University got an award from The Michael J. Fox Foundation (MJFF) to explore the security and potential positive effect that Honda’s Walking Assist Device could have in assisting individuals with Parkinson’s illness. Rehabilitation is a pith of medical services in safeguarding the leftover exercises of individuals living with outer muscle and non-communicable sicknesses.
Impact of COVID-19:
The episode of COVID-19 is supposed to give huge learning experiences to players in the global rehabilitation equipment market. For example, in September 2020, the Ministry of Social Justice and Empowerment, Government of India, declared the send-off of the 24×7 complementary psychological well-being rehabilitation helpline (1800-599-0019) to give the primary line of advising because of the rising psychological well-being issues among individuals because of the COVID-19 pandemic. It will offer emotional well-being rehabilitation administrations to Indian residents.
Market Restraints :
Significant expenses for rehabilitation equipment, absence of mindfulness, and troublesome repayments are central points expected to block the development of the global rehabilitation equipment market. For example, there are a few variables prompting the unfortunate reception of rehabilitation administrations, for example, high personal costs, absence of accessible rehabilitation administrations, absence of prioritization, plans, strategies, and subsidizing for rehabilitation, absence of prepared rehabilitation experts, significant delays, and absence of assets. This thus represents an adverse consequence on the market development.
Global Rehabilitation Equipment Market – Impact of Coronavirus (Covid-19) Pandemic
The flare-up of COVID-19 seriously affects the conveyance of medical services routine around the world. The pandemic has antagonistically impacted the capacity of the two doctors and patients to comply with treatment rules. In any case, rehabilitation decidedly affects the well-being results of patients with serious COVID-19. For example, in May 2020, SWORD Health declared the send-off of a far-off pneumonic rehabilitation program to address a pressing issue and a huge deficiency of rehabilitation administration or projects for COVID-19 patients. In addition, in September 2020, Mayo Clinic sent off the COVID-19 rehab program in the United States.
Key Takeaways:
Among product types exercise equipment section stood firm on a prevailing foothold in the global rehabilitation equipment market in 2021, representing 45.3% share as far as worth, expanding endorsement and send-off of new products is supposed to move development of the portion during the conjecture time frame.
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Market Trends:
Expanding demand for rehabilitation equipment is supposed to increase the development of the global rehabilitation equipment market. For example, in September 2021, Recare started another endeavor with colleague Stephen Ruffle to unite another organization called Rebotics Technology which will zero in on cutting-edge rehabilitation products. The innovation gets the conveyance freedoms of basic exoskeleton and neuro rehabilitation products that will upgrade the recuperation and rehabilitation cycle for less abled and impaired individuals.
Developing the geriatric populace alongside the rising predominance of persistent sicknesses is supposed to impel the development of the global rehabilitation equipment market. For example, the gamble of being impacted by the ongoing infection is expanding decisively because of the rising geriatric populace. Around the world, the share of the populace matured 65 years or over expanded from 6% in 1990 to 9 percent in 2019. As per the United Nations, the quantity of more established people is projected to stretch around 1.5 billion in 2050.
Competitive Landscape:
Roma Medical Aids Ltd., Hospital Equipment Mfg. Co., Hill-Rom Services Inc., Caremax Rehabilitation Equipment Co. Ltd, GF HEALTH PRODUCTS, Dynatronics Corporation, Ekso Bionics, Invacare Corporation, Drive DeVilbiss Healthcare, and Medline Industries, Inc.
Ongoing Developments:
- In February 2021, Dynatronics Corporation reported that its auxiliary, Bird and Cronin LLC, restored its buying concurrence with Intalere for muscular delicate products and support.
- In August 2019, Hillrom entered a conclusive consent to secure Breathe Technologies Inc., a designer, and maker of a licensed wearable, harmless ventilation innovation, which supports work on understanding mobility.
- In March 2019, Hillrom Holdings Inc. entered a conclusive consent to get Voalte Inc., a trailblazer, and pioneer of progressively portable medical care correspondences.
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Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Geography
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increasing demand for rehabilitation care
- Lack of awareness and access to rehabilitation services
- High demand for rehabilitation equipment
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Rehabilitation Equipment Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Rehabilitation Equipment Market, By Product Type, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Daily Living Aids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Exercise Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Body Support Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Mobility Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Rehabilitation Equipment Market, Application, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Physiotherapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Occupational Therapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Rehabilitation Equipment Market, By End User, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Rehab Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
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