REHABILITATION EQUIPMENT MARKET ANALYSIS

Rehabilitation Equipment MarketSize and Trends

Market Statistics:

The global rehabilitation equipment market was valued at US$ 12,541.0 Mn in 2021 and is forecast to reach a value of US$ 18,950.6 Mn by 2028 at a CAGR of 6.1% between 2022 and 2028.

North America held dominant position in the global rehabilitation equipment market in 2020, accounting for 34.1% share in terms of volume, followed by Europe and Asia Pacific, respectively.

Figure 1. Global Rehabilitation Equipment Market Share (%), by Region, 2022

Market Trends/Key Takeaways:

1. Rising prevalence of chronic diseases is expected to drive growth of the global rehabilitation equipment market. For instance, according to the WHO, rehabilitation helps minimize or slow down the disabling effects of chronic health conditions, such as cardiovascular disease, cancer, and diabetes by equipping people with self-management strategies and the assistive products they require, or by addressing pain or other complications.
2. Growing geriatric population around the world is expected to augment growth of the global rehabilitation equipment market. For instance, the risk of being affected by the chronic disease is increasing dramatically in the United States due to the rising geriatric population, as per the National Institute of Environmental Health Sciences.