Rehabilitation Equipment Market Competitive Analysis 2024 By Dynatronics Corporation , Access Rehabilitation Group, Drive DeVilbiss Healthcare, GF HEALTH PRODUCTS, INC., Changzhou Qian Jing Rehabilitation equipment Co., Ltd., Stryker, Carex Health Brands & Others
Global rehabilitation equipment market accounted to USD 9.68 billion in 2016 growing at a CAGR of 8.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The rehabilitation equipment market research report forecasts rehabilitation equipment market size, scope, growth, threats and opportunities for the estimated time frame i.e. 2019-2026. It highlights the competitive landscape prevailing in the overall rehabilitation equipment market through which clients can take strategical decisions by identifying the key regions, key market players and targets. The examination envelops a market engaging quality investigation, where every one of the sections is particularly dependent on their market length, development rate, and general. The data incorporation and research possibilities highlighted in this report has figured out a solid assessment crucial market factors.
Global Rehabilitation Equipment Market By Type {Mobility (Wheelchair, Assist Device), Body Support (Lift, Sling), Exercise (Upper, Lower Body), Living Aids (Reading, Writing)}; Application (Physiotherapy, OT); End User (Hospital, Clinic, Home Care); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Major Market Competitors:
The major players dominating the global rehabilitation equipment market are Invacare Corporation, Amigo Mobility International, Inc., Argo Medical , Medline Industries, Inc., followed by Dynatronics Corporation , Access Rehabilitation Group, Drive DeVilbiss Healthcare, GF HEALTH PRODUCTS, INC., Changzhou Qian Jing Rehabilitation equipment Co., Ltd., Stryker, Carex Health Brands Inc., Medline Industries, Inc., Roma Medical, Caremax Rehabilitation Equipment Co. Ltd., Hospital Equipment Mfg.Co., and Drive DeVilbiss Healthcare LLC among others.
Market Segmentation:
On the basis of types, global rehabilitation equipment market is segmented into mobility, body support, exercise and living aids. Mobility is sub segmented into wheelchair and assist device. Body support is sub segmented into lift and sling. Exercise is sub segmented into upper body and lower body. Living aids is sub segmented into reading and writing. Here, living aids accounted the largest market share in 2016 due to increase in non-communicable diseases.
On the basis of application, global rehabilitation equipment market is segmented into physiotherapy and occupational therapy (OT). Physiotherapy segment accounted the largest market share in 2016 due to increasing needs amongst aged people and disabled patients
On the basis ofend user, global rehabilitation equipment market is segmented into hospital, clinic, and homecare. Hospital and clinics accounted the largest market share in 2016 due to increasing sports injuries, favorable reimbursement policies and high quality treatment.
On the basis of geography, global rehabilitation equipment market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis:
The global rehabilitation equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes rehabilitation equipment market shares for global, Europe, North America, Asia Pacific, and South America.
Major market drivers and restraints:
- Increase in non-communicable diseases which leads to disabilities
- Growing geriatric population
- Favorable healthcare support
- High cost and maintenance expenditure
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