Rehabilitation Exercise Equipment Market Size, Share & Trends Estimation Report By Type (Lower Body Exercise Equipment, Upper Body Exercise Equipment, Total Body Exercise Equipment),By Application (Hospitals & Clinics, Rehabilitation Centers, Home Care Settings), By Region, And Segment Forecasts, 2023 - 2030
The Global Rehabilitation Exercise Equipment Market is expected to grow at a CAGR of 7.5% from 2023 to 2030
Rehabilitation Exercise Equipment Market Overview:
Rehabilitation exercise equipment is used to help people who have been hurt or sick get their strength, mobility, and function back. It can also be used to keep people from getting hurt or to help them deal with long-term conditions like arthritis, which can cause pain and disability.
The market is growing because there are more people with chronic diseases, more people are getting older, and more people want home-based rehabilitation therapies. In 2022, the market for rehabilitation exercise equipment is expected to be led by the lower body exercise equipment segment. From 2022 to 2030, this segment is expected to grow at a CAGR of 7.8%. This segment is growing because obesity and diabetes are becoming more common around the world and more people want physical therapy treatments they can do at home. In 2022, hospitals and clinics are expected to make up the largest part of the global market for rehabilitation exercise equipment.
Handling disabled patients by hand can cause serious injuries to the muscles and bones of carers. When doing a lateral transfer, carers have to reach over the stretcher to the bed and physically pull the patient across to a stretcher. This puts their backs at risk. This movement forces carers to stand in an awkward way, which can hurt their muscles and joints.
Injuries at healthcare institutions have both direct and indirect costs. Direct costs include the money spent on treating injuries and the number of work days lost. Indirect costs are hard to measure and include the fact that carers can't do their jobs as well.
Even after many months, work injuries still cause a lot of pain for healthcare workers. Also, when carers get hurt, patient care can be affected because there are usually no plans for replacing injured workers right away. Because of this, fewer carers have to move and lift the same number of patients. This lowers the quality of care, especially for people who can't move around much. This makes patients stay longer in hospitals, which adds to the overall cost of health care. After safe rehabilitation care programmes were put in place, different types of rehabilitation equipment, like wheelchairs and patient lifts, are being used in hospitals and clinics.
Caregivers get hurt when they have to move patients by hand from one place to another in different rehabilitation care centres. This means patients miss work days and lose money. It also puts their health and well-being at risk. In order to deal with these problems, healthcare facilities are focusing on giving the best care possible without putting their staff in danger. Because of this, there is more demand for tools like patient lifts, slings, and wheelchairs, which has helped the rehabilitation equipment market grow its sales.
Restraints: Lack of awareness and access to rehabilitation services in emerging markets
This market is likely to grow slowly because most people don't know how to use rehabilitation equipment well. For example, if someone has a stroke and doesn't get the right help and rehabilitation at the right time, it can have a big impact on how their body works. This lack of awareness can also cause patients to ignore the signs of serious conditions, which makes it harder for them to get better. This is a big problem in places like Malaysia and Taiwan, where they also don't have enough infrastructure and people to deal with it. In this case, it's also hard for patients to get to rehabilitation and the tools they need. Access to rehabilitation equipment is also limited by things like not having the right referrals or family members who don't know much about rehabilitation services.
People with disabilities in low- and middle-income countries don't have easy access to services that help them get better. There is a lot of evidence that shows people with disabilities have a hard time getting to healthcare services. This market can't grow as much because people can't get to rehabilitation services.
Opportunities: Rising demand for home healthcare services
More and more rules are being put in place by governments around the world to make healthcare treatments shorter and cheaper. Most of the time, it's less expensive to provide services at a patient's home than in an institution, especially if informal care is used well. Also, as new technologies like remote patient monitoring become more common, the home care segment is expected to grow a lot in the coming years. In the coming years, the growing need for home care will increase the need for patient transfer devices, mobility devices, and medical beds, which are used to treat patients in home care settings.
Challenges: Reimbursement issues
Reimbursement is an important factor that has a direct effect on how often rehabilitation equipment is used. A lot of the products on this market are very expensive and may not be affordable for patients. If that's the case, they would have to get the equipment through reimbursement. Medicare and Medicaid in the US only cover a small amount of hospital beds, patient lifts, commode chairs, crutches, walkers, manual and electric wheelchairs, and scooters used for rehabilitation. Also, this coverage only applies to equipment bought or rented from Medicare suppliers. This is because Medicare rules say that suppliers can't charge more than the Medicare-approved price for equipment.
The complicated enrollment process for getting reimbursed for rehabilitation equipment is one of the biggest problems for patients and people who want to buy it. Also, rehabilitation equipment can only be paid for if a doctor or physician prescribes it for a certain health problem. This could make it harder for rehabilitation equipment to be used at home.
Lower Body Exercise Equipment:
Equipment for working out the lower body is used to make the legs stronger and more flexible. It includes lunges, split squats, step-downs, hip raises, and other similar moves that work the quads, hamstrings, and calves. The main thing driving this market is the growing number of diseases like arthritis that cause muscle loss in the lower limbs. This increases the need for rehabilitation exercises and makes the rate of adoption grow around the world.
Upper Body Exercise Equipment:
Patients recovering from spinal cord injuries, multiple sclerosis, cerebral palsy, or other neurological disorders use upper-body exercise equipment. Upper body exercise equipment includes things like Shoulder Internal Rotators, Shoulder External Rotators, Elbow Flexors and Extensors, and Wrist Curls. These are the most common devices used to rehabilitate the upper body because they help people with a wide range of movement problems caused by injuries and neurological diseases.
Total Body Exercise Equipment:
Total Body Exercise Equipment is a type of Rehabilitation Exercise Equipment that helps people with physical disabilities get their strength and mobility back. This kind of equipment is made to work all of the major muscle groups in the body, including the legs, arms, and trunk. People with physical disabilities like cerebral palsy, multiple sclerosis, stroke, or a spinal cord injury can use the Total Body Exercise Equipment to get their strength and mobility back.
By where the equipment is used, the global market for rehabilitation exercise equipment is split into hospitals and clinics, rehabilitation centres, and home care settings. In 2015, hospitals and clinics had the largest share of the market's revenue. This was because more people were becoming aware of the benefits of starting physical therapy right away after surgery. Also, the number of government programmes like the National Healthcare Discharge Survey (NHDSS) that collect information on discharge status and other related data for each hospital stay is expected to drive demand over the forecast period.
The segment of the rehabilitation exercise equipment market for home care settings is expected to grow at the fastest rate over the next few years. This growth is mostly because different kinds of rehabilitation exercise equipment are easy to find in home care settings. A growing number of patients over 65 with chronic diseases like stroke and osteoporosis is also driving the growth of the market in home care settings. These patients need rehabilitation exercise equipment like treadmills, weight machines/stations, stair climbers, exercise balls, and elliptical trainers to improve their motor skills and muscle strength.
The North American market has been around for a long time and has a lot of players. The market is very competitive, and the players are always coming up with new ideas to offer the best products possible. The market is growing at a moderate rate because there are more older adults in the area and more obese people. Obesity is one of the biggest risk factors for many long-term diseases, such as diabetes, heart disease, and stroke.
During the forecast period, Latin America is expected to grow at the fastest rate. This market is growing in the region because more people are becoming aware of the importance of physical fitness and the number of older people is growing. This makes the region an attractive market for rehabilitation exercise equipment manufacturers, distributors, and suppliers, among others, over the next few years, which will help the market grow in the region.
|Units||Value (USD Billion)
|Growth Rate||CAGR of 7.5% from 2023 to 2030|
|Reasons to Purchase this Report||
Rehabilitation Exercise Equipment The market research report gives a close look at the top competitors, including a strategic analysis, a look at micro and macro market trends and scenarios, an analysis of pricing, and an overall look at how the market will be in the future. It is a professional and detailed report that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis. The report also looks at key players, major partnerships, mergers and acquisitions, as well as trends in innovation and business policies.
In this report, we talk about some of the following companies: Medline Industries, Inc., Alimed, Dynatronics Corporation, ROMA Medical, ScripHessco, HUR, Changzhou Qian Jing Rehabilitation, Medline Industries, Inc.
- In May 2022, Etac AB (Sweden) announced the launch of R82 Crocodile (size 0), the smallest walking aid by the company.
- In March 2022, Medline Industries, LP (US) announced a USD 725 million prime vendor partnership with Mount Sinai Health System (US), to enhance their supply chain strategy and improve patient outcomes.
- In March 2022, Prism Medical (UK) announced a partnership with IoT Solution Group (UK), to enable Prism Medical to advance its existing product portfolio and expand into the smart healthcare market.
- In February 2022, Invacare announced the launch of its next-generation e-fix eco Power Assist Device to upgrade its manual wheelchairs.
- Lower Body Exercise Equipment
- Upper Body Exercise Equipment
- Total Body Exercise Equipment
- Hospitals & Clinics
- Rehabilitation Centers
- Home Care Settings
- Medline Industries, Inc.
- Dynatronics Corporation
- ROMA Medical
- Changzhou Qian Jing Rehabilitation
- Medline Industries, Inc.