(EMAILWIRE.COM, August 10, 2018 ) Mobility Equipment to grow at the highest CAGR during the forecast period.

Based on type, the rehabilitation equipment market is segmented into mobility equipment, body support devices, exercise equipment, and daily living aids. Mobility equipment is projected to register the highest CAGR during the forecast period. Mobility equipment includes wheelchairs & scooters and walking assist devices. The ability to move independently significantly reduces the level of long-term care required as well as hospital stay duration. Generally, these assistance equipment is provided to orthopaedic patients or the disabled. The growth in the number of elderly people suffering from orthopaedic impairments is creating a demand for mobility equipment worldwide enabling it to be the fastest growing market among rehabilitation equipment type.

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The global rehabilitation equipment market is projected to reach USD 14.91 billion by 2021. Market growth can be attributed to factors such as increasing incidence of disabilities resulting from non-communicable diseases, favourable healthcare reforms, and rapid growth in the geriatric population coupled with the rising prevalence of chronic diseases. However, a high cost & maintenance expense of rehabilitation equipment is the key factor that is expected to restrain the growth of this market to a certain extent.

Increasing incidence of disabilities and rapid growth in 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. These diseases can result in various disabilities, such as paralysis, mental disorders (such as Alzheimer’s disease and dementia), birth defects, and blindness. 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.

The elderly are a major target pool for manufacturers of rehabilitation equipment, mainly because this segment of the population is more susceptible to a variety of disability-causing diseases than younger population segments. As the elderly are key end users of rehabilitation equipment, it can be expected that the growth of this population segment—and the corresponding increase in the patient population for chronic diseases—will significantly boost market growth in the coming years.

However, lack of standard pricing and high cost of rehabilitation products are restraining the market growth.

Market Dynamics

Home care settings form the fastest growing end user segment.

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Hospitals and Clinics
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.

Rehabilitation centers
Rehabilitation centers usually provide long-term care as per the patient’s needs. Patient preference for rehabilitation centers has risen in recent years due to the presence of a skilled and specialized workforce at these centers. They also specialize in post-operative care and physical therapy.
Home Care Settings

Home care is primarily targeted at patients recovering after a hospital stay or those who need additional support to avoid unnecessary hospitalization. The rehabilitation equipment used in home care settings include medical beds, patient lifts, power-operated vehicles like wheelchairs and scooters, and bathing and wound care equipment & accessories.

Physiotherapy Centers
Physiotherapy is a cost-effective method for preventing disabilities from becoming chronic condition and speeding up the recovery time for musculoskeletal, neurological, and surgical injuries, among others. The increasing incidence of various non-communicable diseases that can lead to various disabilities has driven the demand for assistive care in physiotherapy centers.

KEY QUESTIONS
 Lack of standard pricing and high cost of rehabilitation product is a major concern in the industry, when will this scenario ease out?
 Emerging countries have immense opportunities for the growth of rehabilitation equipment manufacturers, will this scenario continue?
 Most of the suppliers have opted new product launches and upgrades as the key strategies as could be seen from the recent developments. Where will it take the industry in the mid to long term?

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