Rehabilitation Equipment Market Size - By Product (Cardiopulmonary Rehabilitation Equipment, Musculoskeletal Rehabilitation Equipment, Neurological Rehabilitation Equipment), By End-use (Hospitals and Clinics, Rehab Centers), & Forecast, 2023 – 2032

Rehabilitation Equipment Market Size

Rehabilitation Equipment Market size was worth USD 18.7 billion in 2022. Driven by the rising prevalence of musculoskeletal disorders globally, the industry could grow at over 7% CAGR from 2023 to 2032.
 

Surging incidences of musculoskeletal disorders such as osteoarthritis, osteoporosis, and others have increased the demand for rehabilitation equipment to help people restore mobility and improve the quality of their life. As per the CDC, osteoarthritis affects around 32.5 million adults in the U.S. alone. Moreover, increasing investment by governments across the globe in healthcare infrastructure will further create a plethora of opportunities for industry growth.
 

COVID-19 Impact

The rehabilitation equipment market witnessed a massive setback during the COVID-19 pandemic due to several supply chain upheavals. Cancellation and postponement of elective surgeries and non-urgent rehabilitation services to prioritize COVID-19 patients reduced the demand for rehabilitation equipment. However, the rising popularity of telerehabilitation and home-based rehabilitation helped the industry return to normalcy in the post-COVID-19 era. In fact, many countries across the globe are investing heavily in telehealth infrastructure to strengthen the healthcare system, creating a favorable growth outlook for the rehabilitation equipment industry. 
 

Rehabilitation Equipment Market Trends

Rapid advancements in rehabilitation equipment will favor market growth over 2023-2032. VR and AR technologies are now being integrated into rehabilitation equipment to create immersive and interactive experiences. Virtual reality environments can simulate real-life scenarios and tasks, providing a motivating and engaging platform for therapeutic exercises. Besides, these devices now incorporate advanced sensor technologies to provide real-time feedback on movement quality, range of motion, and force exertion. These systems can help individuals perform exercises with proper form and technique, reducing the risk of injury and optimizing therapeutic outcomes, thus, resulting in increased sales.
 

Rehabilitation Equipment Market Analysis

Based on the product, musculoskeletal rehabilitation equipment held around 68% of the rehabilitation equipment market share in 2022. Growing number of accidents, sports injuries, and musculoskeletal disorders such as sarcopenia, osteoarthritis, and others has increased the need for musculoskeletal rehabilitation equipment worldwide. As per the Insurance Institute for Highway Safety, in 2021, 39,508 fatal motor vehicle accidents took place in the U.S. Alarming growth in traffic fatalities, in line with novel innovations in musculoskeletal rehabilitation equipment, will drive segment share.
 

With respect to end-use, Rehabilitation equipment market size from the hospitals and clinics segment will reach nearly USD 13.4 billion by 2032. Growing need for comprehensive healthcare services for patients who require rehabilitation or long-term care has increased the demand for hospitals and clinics. These facilities have cutting-edge rehabilitation equipment, which has made them preferred healthcare providers. They also have a multidisciplinary team of healthcare professionals specializing in various aspects of rehabilitation for enhanced patient care, resulting in increased patient footfall. 
 

On the regional front, North America rehabilitation equipment market crossed USD 7 billion in 2022. Surging geriatric population and its susceptibility to musculoskeletal disorders have increased the demand for rehabilitation equipment in the region. Regional expansion can also be attributed to robust healthcare infrastructure in countries such as the U.S. and Canada. Moreover, North America is also home to prominent rehabilitation equipment manufacturers such as Medtronic plc, Dynatronics Corporation, and others emphasizing product innovations to extend their footprint. The evolving strategic landscape will boost the regional market progression.
 

Rehabilitation Equipment Market Share

• Koninklijke Philips N V
•  nvacare Corporation
•  Tyromotion
• Dynatronics Corporation
•  Medtronic plc and, Caremax
• Rehabilitation Equipment Co. Ltd

Rehabilitation Equipment Industry News:

• In June 2022, Caremax Inc. announced its intent to acquire the Medicare value-based care business of Steward Health Care System. This acquisition will help establish one of the largest senior-centric value-based care platforms in the U.S.
   
•   In January 2022, Suzhou MicroPort RehabTech (Group) Co. Ltd., a MicroPort Scientific Corporation subsidiary, announced the release of a new product series under its musculoskeletal rehabilitation portfolio. This launch helped expand the company’s product portfolio while helping it achieve positive sales figures.
   

The rehabilitation equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018  to 2023, for the following segments:

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Market Size, By Product

• Cardiopulmonary rehabilitation equipment
  • Elliptical trainer
  • Stabilization ball
  • Stationary bicycle
  • Treadmill
  • Rower
  • Heart rate monitor
  • Blood pressure monitor
  • Others
• Musculoskeletal rehabilitation equipment
  • Laser therapy
  • Ultrasound
  • Electrotherapy
  • Others
• Neurological rehabilitation equipment
  • Neurorobotic devices
    • Upper limb devices
    • Lower limb devices
    • Lower arm devices (hands)
    • Gait training devices
    • Exoskeleton devices
  • Non-invasive stimulators
  • Wearable devices
  • Brain computer interface (cognitive assessment and training equipment)
  • Neuro-rehabilitation assessment equipment
  • Consumer neuro-rehabilitation equipment

Market Size, By End-use

• Hospitals and clinics
• Rehabilitation centers
• Homecare settings
• Physiotherapy centers

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Poland
  • Sweden
  • The Netherlands
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
  • Indonesia
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Egypt
  • Turkey