The Europe Rehabilitation Equipment Market would witness market growth of 6.8% CAGR during the forecast period (2023-2029).
The demand for daily support devices for the disabled population is increasing rapidly. Manufacturers' adoption of new communication channels has enhanced consumer awareness of freshly released products. Patients are hence kept informed of newly introduced products. Local authorities in several nations have simplified financing, provided subsidies, and made other financing options available for rehabilitation equipment, which is expected to enhance demand for assistive items and stimulate economic growth.
Favorable reimbursement policies in major markets will likely provide manufacturers with substantial sales opportunities. Reimbursements from Medicare enable patients to utilize assistive technology for rehabilitation. Medical care insurance covers hospital beds, walkers, wheelchairs, patient lifts, canes, commode chairs, crutches, and other permanent medical equipment required for rehabilitation. In addition, measurements taken by numerous government authorities to ensure the availability of basic rehabilitation equipment should enhance the growth potential of manufacturing enterprises.
The service's objectives are to identify individuals at risk for fragility fractures and primary fragility fractures, enhance knowledge of bone health and lifestyle factors that influence bone health, and improve self-management for individuals at risk for osteoporotic fractures. For those with a high or medium FRAX score or an osteoporosis or osteopenia diagnosis, nine 14-week exercise and education courses are offered annually. These courses include weight bearing, strengthening, and balance exercises. The presence of initiatives for the diagnosis and betterment of patients with osteoporosis is expected to increase the utilization of various rehabilitation equipment, therefore, driving the market of rehabilitation equipment growth in Europe.
The Germany market dominated the Europe Rehabilitation Equipment Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,105.3 million by 2029. The UK market is anticipated to grow at a CAGR of 5.9% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 7.6% during (2023 - 2029).
Based on Application, the market is segmented into Physiotherapy, Occupational Therapy and Others. Based on Product Type, the market is segmented into Mobility Aids, Daily Living Aids, Exercise Equipment and Body Support Devices. Based on Mobility Aids Type, the market is segmented into Wheelchairs, Scooters and Walking Aids. Based on Daily Living Aids Type, the market is segmented into Medical Beds and Bathroom, Toilet Assist Devices & Others. Based on Exercise Equipment Type, the market is segmented into Upper Body Exercise Equipment and Lower Body Exercise Equipment. Based on Body Support Devices Type, the market is segmented into Patient Lifts and Medical Lifting Slings. Based on End User, the market is segmented into Hospitals & Clinics, Rehabilitation Centers and Homecare Settings. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Rehabilitation Equipment Market is Projected to reach USD 32.3 Billion by 2029, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Invacare Corporation, Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., Baxter International, Inc., Medline Industries, Inc., GF Health Products, Inc., Drive DeVilbiss Healthcare (Medical Depot, Inc.), Roma Medical Aids Limited, Hospital Equipment Mfg. Co. and Caremax Rehabilitation Equipment Co. Ltd.
By Application
By Product Type
By End User
By Country
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