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Rehab 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) - Forecasts to 2021

Rehab Equipment Market: Forecasts until 2021

  • March 2017
  • 164 pages
  • ID: 4814913
In this report:
The power wheelchairs segment is expected to command the largest share of ##.##% of the global wheelchairs & scooters market in 2016.
According to the U.S. Census Bureau, in 2013, the geriatric population accounted for a share of ##.##% (##.## million people) of the total population in the U.S. According to Statistics Canada, in 2014, ##.##% of the total population in Canada was aged ## years and above.

Summary

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The rehabilitation equipment market is estimated to grow ~$14.9B by 2021 from ~$9.9B in 2016, at a compound annual growth rate (CAGR) of 8.60 percent during 2016-2021. The sector for rehabilitation equipment is expanding due to the growing incidence of disabilities resulting from non-communicable diseases, favorable healthcare reforms, and fast growth in the geriatric population, along the growing prevalence of chronic diseases. On the other hand, the strong cost & maintenance expense of rehabilitation equipment are limiting the rise of the market to a certain extent.

Established on category, the rehabilitation equipment market is broken down mobility equipment, body support devices, exercise equipment, and daily living aids. The mobility equipment segment is anticipated to grow at the highest compound annual growth rate (CAGR) during 2016-2021. The rise in this industry segment is attributed to the rising the number of elderly people enduring from orthopedic impairments which is creating a demand for mobility equipment global. Furthermore, the growing number of disabled people and increasing awareness on safety measures in handling patients are driving the industry demand for mobility equipment.

North America continent is forecasted to be the quickest-increasing area in the rehabilitation equipment market during the outlook period. Important rise in this area can be accredited to Elements such as increase in geriatric population and the subsequent growth in the prevalence of lifestyle diseases and the presence of favorable healthcare reforms.

Different firms are focusing on technological improvements to enhance the rehabilitation equipment offerings. The industry is a quickly increasing market therefrom; many firms are launching recent products to meet the growing demand and niche requirements of the stakeholders. Invacare Corporation launched Kite electric powered wheelchair and TDX2 Low Rider power wheelchair (October 2016), and power chair control system - Invacare LiNX, Simply SMART (July 2016). Also, the company upgraded its rehabilitation products including Küschall Champion SK, folding wheelchair (February 2017) and its LiNX power wheelchairs by modifying and programming it wirelessly via Bluetooth (December 2016).

Segment Research

This industry is clasified on the basis of class, application, final user, and area. Apart from comprehensive geographical study, product review, and sizing of market, the analysis also offers a competitive analysis that includes increase strategies approved by sector actors in the last three years. Additionally, the corporation reviews include basic views on the top players and their products review, advancements, and strategies approved. The above-mentioned segment research data, current market sizes, and projection of future trends will facilitate top players and new sector entrants make informed decisions regarding product offerings, spatial focus, changes in strategic way, Research and development investments for modernizations in products and technologies, and levels of output in order to remain profitable.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations collect greater segment market share. Companies obtaining the industry report can use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the product portfolios of top actors in the rehabilitation equipment market. The analysis examines this sector by category, application, end-user, and area

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the rehabilitation equipment market

- Opposing assessment: In-depth assessment of market strategies, geographical and industry segments, and product review of the main players in the rehabilitation equipment market

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the sector for rehabilitation equipment across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the rehabilitation equipment market

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