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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.
Report Attribute | Details |
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Base Year: | 2022 |
Rehabilitation Equipment Market Size in 2022: | USD 18.7 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7.2% |
2032 Value Projection: | USD 37.6 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 521 |
Segments covered: | Product, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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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.
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.
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.
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Market Size, By Product
Market Size, By End-use
The above information is provided for the following regions and countries: