Rehabilitation Devices/Equipment Market by Major Players, Volume, Demand, Dynamic Forces and Forecasts To 2025 “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.”
The global 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. 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.
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