Rehabilitation Equipment Market Projected to Reach USD 37.6 Billion from 2024 to 2032

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Rehabilitation Equipment Market Projected to
Reach USD 37.6 Billion from 2024 to 2032
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• Industry Insights

• Global Rehabilitation Equipment Market size will
  expand exponentially through 2032. Growing demand
  for rehabilitation therapies globally is creating
  lucrative opportunities for industry growth.
  Rising focus on functional independence has
  increased the demand for rehabilitation therapies
  to improve the quality of life of people with
  disabilities. Many countries worldwide are
  focusing on expanding insurance coverage for the
  inclusion of rehabilitation services to make them
  accessible and affordable to a wider population.
• Moreover, companies operating in the
  rehabilitation equipment space are focusing on
  capacity expansion strategies to reinforce their
  industry position. For instance, in August 2022,
  Medline Industries, a prominent healthcare
  company, announced the opening of two
  LEED-certified distribution centers in Montgomery
  and Missouri. Implementation of similar growth
  strategies will help the industry gain momentum
  over the next ten years.
• The overall rehabilitation equipment market is
  divided based on product, end-use, and region.

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• Based on the product, the neurological
  rehabilitation equipment market share will grow
  at 13.5 CAGR from 2023 to 2032. Increasing
  prevalence of neurological disorders such as
  Parkinson's disease, multiple sclerosis, and
  others has increased the need for neurological
  rehabilitation equipment. As per the Parkinson's
  Foundation, Parkinson's disease affects around
  90,000 people every year in the U.S. alone.
  Moreover, surging innovations in the technology
  of neurological rehabilitation equipment are
  further contributing to segment expansion.
• In fact, robotic-assisted devices have gained
  popularity in neurological rehabilitation. These
  devices use robotic arms or exoskeletons to
  assist patients in repetitive movements, such as
  walking or arm exercises. They provide precise
  control, customizable assistance, and real-time
  feedback, helping patients regain motor function
  and improve coordination.
• With respect to end-use, industry value from the
  homecare settings segment will register
  appreciable growth over 2023-2032. High
  availability of a wide range of rehabilitation
  equipment for home use will create a strong
  impetus for segment growth. Moreover, the use of
  rehabilitation equipment in these settings offers
  great convenience and support. Growing demand for
  personalized care has further increased the
  adoption of rehabilitation equipment in homecare
  settings.

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• Regional Analysis

From the regional standpoint, Europe
rehabilitation equipment market was worth more
than USD 5 billion in 2022. Favorable initiatives
by the regional government for rehabilitation
services are positively impacting the industry
growth. Moreover, regional expansion can also be
ascribed to the growing number of rehabilitation
centers and a rising need for prosthetics. The
surging geriatric population's susceptibility to
chronic disorders has further increased the
demand for rehabilitation equipment in the region.

• Competitive Analysis

• Arjo
• Bioness Inc.
• BioXtreme
• BTL
• Caremax Rehabilitation Equipment Co. Ltd
• DJO Global
• Dynatronics Corporation
• Halma plc
• Honeywell International, Inc.
• Invacare Corporation

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