Rehabilitation equipment market has garnered considerable traction over the years. Growing cases of musculoskeletal disorders have magnified the demand for the product. Musculoskeletal disorders are one of the major causes of disability, globally. The increasing geriatric population worldwide along with the growing prevalence of chronic diseases like cardiovascular diseases, diabetes, liver and kidney illnesses among many others has driven the adoption of the product. As per the U.S. Centers for Disease Control and Prevention (CDC), nearly 85% of the geriatric population suffers from at least one critical health condition.
As per the World Health Organization, nearly 40% of the people in both developed as well as developing countries aged 60 and above, suffer from some so pain in the lower back. Speaking along similar lines, as per a report, the musculoskeletal disorder affects one in every two people aged 18 and above and nearly three out of four people aged 65 or more across the U.S.
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In terms of segmentation by product, the cardiopulmonary rehabilitation equipment segment accounted for a considerable share and registered revenue of more than $2.5 billion in 2019. The segmental growth can be credited to the high prevalence of pulmonary and cardiac disorders due to lifestyle changes. Patients suffering from COPD (chronic obstructive pulmonary disease ) and CHF (congestive heart failure) constantly need cardiopulmonary rehabilitation therapy, as they experience various cardiorespiratory abnormalities related to shortness of breath.
On the other hand, the musculoskeletal rehabilitation equipment segment recorded remuneration worth $13.1 billion in 2019, driven by the increasing cases of sports injuries and musculoskeletal disorders. This has led to an increased demand for electrotherapy devices and equipment used in musculoskeletal rehabilitation therapy. Furthermore, rising rates of accidents, coupled with the strong awareness about physical activity to maintain health and well-being, will further foster segmental growth in years to come.
On the regional front, the Brazil rehabilitation equipment market was valued at above $424 million in 2019, which is attributable to the accelerating healthcare expenditure and improving healthcare infrastructure. The region also witnessed high demand for physical therapy treatment without any physician referral in the private physical therapy clinics.
Rehabilitation equipment market is bestowed with many leading companies that are constantly working towards increasing their presence in the market and improving their production capabilities. Some of the prominent market players include MicroPort Scientific Corporation, Honeywell International, Inc., Bioness, Inc., DJO Global, Philips, LifeWatch AG, and OMRON Corporation, to name a few.
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Partial Chapter of the Table of Content
Charts & Figures
FIG. 1 Top-down approach
FIG. 2 Data validation
FIG. 3 Rehabilitation industry 360° synopsis
FIG. 4 Industry segmentation
FIG. 5 Global Market 2015 - 2026 (USD Million)
FIG. 6 Growth potential analysis, by product
FIG. 7 Porter’s analysis
FIG. 8 Competitive matrix analysis, 2019
FIG. 9 PESTEL analysis
FIG. 10 Rehabilitation Equipment Market Key segment trends, by product
FIG. 11 Key segment trends, by region
FIG. 12 Competitive dashboard, 2019
TABLE 1. Global Market 2015-2019 (USD Million)
TABLE 2. Global Market 2020-2026 (USD Million)
TABLE 3. Market by product, 2015-2019 (USD Million)
TABLE 4. Market by product, 2020-2026 (USD Million)
TABLE 5. Rehabilitation Equipment Market by region, 2015-2019 (USD Million)
TABLE 6. Market by region, 2020-2026 (USD Million)
TABLE 7. Industry impact forces
TABLE 8. Cardiopulmonary rehabilitation equipment market size, by region, 2015-2019 (USD Million)
TABLE 9. Cardiopulmonary rehabilitation equipment market size, by region, 2020-2026 (USD Million)
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