San Francisco, CA - Rehabilitation Devices/Equipment Market size is expected to value at USD 17.5 billion by 2025. The market is subject to witness a substantial growth due to the increasing occurrence of degenerative disorders and rising incidences related to trauma, thus increasing number of patients in need of rehabilitation. With high-end demand of rehabilitation devices in developing economies to meet healthcare demands is significantly contributing to the growth of the market over the forecast period. Globally, the rehabilitation devices/equipment industry is predicted to grow at CAGR of 6.0% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.
Mobility equipment is one of the fastest growing segment in rehabilitation devices/equipment market with highest market share over the forecast period. Rise in the demand of the mobility equipment is credited to increasing popularity among consumers. Mobility equipment market is further categorized into wheelchairs and scooters sector, and walking assist devices.
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Walking assist devices are used by patients across the globe due to lower price and ease to use features. Also, exercise equipment segment is anticipated to display the substantial growth in upcoming years due to increase in the demand for various therapies such as physiotherapy and growing recommendation by physicians for its use in the rehabilitation process. The end-user segment involving hospitals and therapy centers is dominating overall market with substantial revenue generation in recent years and is anticipated to sustain its growth in near future as well. Increasing number of patient visit to hospitals and therapy centers on daily basis and improved infrastructure associated with rehabilitation centers are some of the key drivers responsible for the sustainable growth of the hospital market segment.
Additionally, other factors influencing sustained growth of the hospital market segment are improved feedback mechanism regarding quality of service between hospitals and patients coupled with rise in the awareness programs, subsidies, and reimbursement schemes by local governments. The demand for assistive devices in day to day work for handicapped patients across the globe is on the rise in recent years. With latest product launches in the market and aggressive marketing strategies adopted by manufactures are creating necessary awareness among patients about existence of rehabilitation devices and numerous benefits associated with their use, thus fueling expansion of the rehabilitation devices/equipment industry in coming years. Moreover, numerous initiatives, financing, subsidies, and various schemes adopted by regional governments to promote rehabilitation therapies is propelling the growth of the market.
The rehabilitation devices/equipment industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise adoption of latest technologies and existence well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the rehabilitation devices/equipment market with massive growth in forecast period.
Regional Analysis For Rehabilitation Devices/Equipment Market:
For comprehensive understanding of market dynamics, the global Rehabilitation Devices/Equipment Market is analyzed across key geographies namely: North America, Europe, Asia-Pacific, Latin America and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
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Mobility equipment is one of the fastest growing segment in rehabilitation devices/equipment market with highest market share over the forecast period. Rise in the demand of the mobility equipment is credited to increasing popularity among consumers. Mobility equipment market is further categorized into wheelchairs and scooters sector, and walking assist devices.
Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/rehabilitation-devices-equipment-market/request-sample
Walking assist devices are used by patients across the globe due to lower price and ease to use features. Also, exercise equipment segment is anticipated to display the substantial growth in upcoming years due to increase in the demand for various therapies such as physiotherapy and growing recommendation by physicians for its use in the rehabilitation process. The end-user segment involving hospitals and therapy centers is dominating overall market with substantial revenue generation in recent years and is anticipated to sustain its growth in near future as well. Increasing number of patient visit to hospitals and therapy centers on daily basis and improved infrastructure associated with rehabilitation centers are some of the key drivers responsible for the sustainable growth of the hospital market segment.
Additionally, other factors influencing sustained growth of the hospital market segment are improved feedback mechanism regarding quality of service between hospitals and patients coupled with rise in the awareness programs, subsidies, and reimbursement schemes by local governments. The demand for assistive devices in day to day work for handicapped patients across the globe is on the rise in recent years. With latest product launches in the market and aggressive marketing strategies adopted by manufactures are creating necessary awareness among patients about existence of rehabilitation devices and numerous benefits associated with their use, thus fueling expansion of the rehabilitation devices/equipment industry in coming years. Moreover, numerous initiatives, financing, subsidies, and various schemes adopted by regional governments to promote rehabilitation therapies is propelling the growth of the market.
The rehabilitation devices/equipment industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise adoption of latest technologies and existence well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the rehabilitation devices/equipment market with massive growth in forecast period.
Regional Analysis For Rehabilitation Devices/Equipment Market:
For comprehensive understanding of market dynamics, the global Rehabilitation Devices/Equipment Market is analyzed across key geographies namely: North America, Europe, Asia-Pacific, Latin America and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
- Detailed overview of Rehabilitation Devices/Equipment Market
- Changing market dynamics of the Rehabilitation Devices/Equipment industry
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent Rehabilitation Devices/Equipment industry trends and developments
- Competitive landscape of Rehabilitation Devices/Equipment Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth.
Get Access To TOC Covering 200+ Topics @ https://www.millioninsights.com/industry-reports/rehabilitation-devices-equipment-market
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