Published Date: 26-May-2023
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According to a new report, published by KBV research, The Global Rehabilitation Equipment Market size is expected to reach $32.3 billion by 2029, rising at a market growth of 7.4% CAGR during the forecast period.
The Occupational Therapy segment is showcasing a CAGR of 7.6% during (2023 - 2029). This is because occupational therapy is used to conduct a thorough assessment of the patient, the patient's family, and the patient's environment in order to help the patient carry out daily activities without difficulty. The goal of occupational therapy is to motivate patients to carry out routine tasks with the help of rehabilitation equipment which is surging the segment's growth in the forecasted period.
The Mobility Aids segment is leading the Global Rehabilitation Equipment Market by Product Type in 2022 thereby, achieving a market value of $13.7 billion by 2029. This is because of the increasing number of elderly and disabled people around the world, the need for mobility devices to walk or move from one place to another without any assistance is expected to increase. Due to their low cost and ease of use, walking assistance devices which are the most basic type of mobility equipment, are favored by many patients, which in turn is aiding the segment to propel in the projected period.
The Rehabilitation Centers segment has shown the growth rate of 7.6% during (2023 - 2029). This is due to rising physiotherapy awareness, technical developments in physiotherapy facilities, and an increase in the prevalence of non-communicable diseases, including arthritis and Parkinson's disease. Throughout the projected period, it is anticipated that the penetration of rehab centers in emerging economies will increase, leading to a large increase in the number of rehab facilities, globally aiding in the segment's expansion during the forecasted period.
The North America market dominated the Global Rehabilitation Equipment Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $11 billion by 2029. The Europe market is experiencing a CAGR of 6.8% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 8.3% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/rehabilitation-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Product Type
By End User
Unique Offerings from KBV Research
North America Rehabilitation Equipment Market size & Opportunities 2023-2029
Europe Rehabilitation Equipment Market & Growth Forecast 2023-2029
Asia Pacific Rehabilitation Equipment Market Share & Industry Outlook to 2029
LAMEA Rehabilitation Equipment Market Growth, Trends & Forecasts 2023-2029