The global Rehabilitation Equipment Market is expected to reach 14.91 Billion by 2021 from USD 9.86 Billion in 2016, at a CAGR of 8.6% during the forecast period.
According to the new market research report “Rehabilitation Equipment Market by Type (Mobility (Wheelchair, Assist Device), Body Support (Lift, Sling), Exercise (Upper, Lower Body), Living Aids (Reading, Writing)), Application (Physiotherapy, OT), End User (Hospital, Clinic, Home Care) — Forecasts to 2021”, published by MarketsandMarkets™.
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This Research Report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Home care settings form the fastest growing end-user segment.
The dominance of this segment in the rehabilitation equipment market is mainly attributed to the higher quality of treatment provided in hospitals and clinics, as opposed to other end-user segments. Developments in healthcare systems and competition between hospital-based rehabilitation service providers, which have enhanced the quality of care provided, have also contributed to market growth. The growth of the elderly and disabled populations, who are completely dependent on caregivers for daily activities, is another key driver of market growth for this segment.
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Increasing incidence of disabilities, and rapid growth in the geriatric population are the major drivers for the market.
The key causes of disabilities are non-communicable diseases and injuries such as sports injuries, trauma cases and various other injuries. Non-communicable diseases (NCDs) or chronic diseases are generally of long duration and slow progression.
There are four major types of NCDs — cardiovascular disease (such as heart attacks and stroke), cancers, chronic respiratory disease (such as chronic obstructive pulmonary disease and asthma), and diabetes. NCDs are considered the leading cause for preventable disabilities such as paralysis and mental disorders among the patients. The rising incidence of NCDs has correspondingly boosted cases of disability among patients; this is expected to drive the demand for rehabilitation equipment.
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The Rehabilitation Equipment Market is fragmented in nature with several big and emerging players. This market is dominated by key players such as Invacare Corporation (U.S.), Medline Industries, Inc. (U.S.), Dynatronics Corporation (U.S.), Drive DeVilbiss Healthcare (U.S.), Changzhou Qian Jing Rehabilitation Co., Ltd. (China), Carex Health Brands (U.S.),
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