Industry Background:
Rehabilitation is a treatment designed to facilitate the process of recovery from injury, illness, or diseases to as normal a condition as possible. A wide range of health issues, such as acute or chronic illnesses, injuries, and diseases, can be reduced by rehabilitation. It works in combination with other health interventions, such as medication and surgery, to help patients recover and get the greatest possible outcome. Additionally, rehabilitation equipment can aid in the management of many health conditions side effects, such as complications from fractures, strokes, or spinal cord injuries. Moreover, growing healthcare infrastructure and increased disposable income it is easier to access better care, especially in highly populated emerging countries like China and India. This is propelling the growth of global healthcare rehabilitation equipment market.This growth is primarily driven by Growing Prevalence of Musculoskeletal Disorders
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Medline Industries, LP (United States), Colfax Corp. (United States), Invacare Corporation (United States), Dynatronics Corporation (United States), Ekso Bionics Holdings Inc. (United States), Stryker Corporation (United States), Baxter International Inc. (United States), Handicare Group AB (Sweden), Etac AB (Sweden) and GF Health Products Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In February 2022- Lusio Rehab launched a wearable rehabilitation device called LusioMATE that encourages patients at Arab Health to engage more fully in their physical therapy and rehabilitation programmes in 2022. Moreover, medline brings innovative suite of therapy and rehabilitation equipment to market through exclusive neurogym line.Companies undergo strategic activities such as acquisitions, mergers, collaboration and partnerships along with new product launches to expand their product portfolio. For instance, in May 2022, Etac AB announced the launch of smallest walking aid; R82 Crocodile. This further help them in maintaining their competitive advantage.
Regulatory Insights:
The rehabilitation Council of India (RCI) was set up as registered society in 1986. The RCI Act was passed by parliament in September 1992, and on June 22, 1993, it was established as a statutory entity. The Act was broadened by a parliamentary amendment in 2000. RCI's role includes the regulation and oversight of services provided to people with disabilities, the standardisation of curricula, and the upkeep of a Central Rehabilitation Register of all competent individuals working in the field of social education and rehabilitation.
Influencing Trend:
New Technology Innovations in the Rehabilitation Such as Rehabilitation Robotics and Telehealth
Market Growth Drivers:
Growing Prevalence of Musculoskeletal Disorders and Increased Demand for Rehabilitation Centre Due to Growing Number of Trauma Patients
Challenges:
High Cost of Treatment and Lack of Healthcare Infrastructure
Restraints:
Lack of Skilled Workers
Opportunities:
Increasing Demand for Tele Rehabilitation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Rehabilitation Equipment Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Rehabilitation Equipment Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Rehabilitation Equipment players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Rehabilitation Equipment Study Sheds Light on
The Rehabilitation Equipment Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Rehabilitation Equipment industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rehabilitation Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.