Rehabilitation Equipment Market Analysis

Rehabilitation Equipment Market Analysis

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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.