The North America Rehabilitation Equipment Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.
Rehabilitation refers to the care required when a person is experiencing or is likely to experience limitations in daily functioning as a result of aging or a health condition, such as chronic diseases or disorders, injuries, or trauma. Rehabilitation is defined by the World Health Organization (WHO) as "a set of interventions designed to optimize functioning and reduce disability in individuals with health conditions interacting with their environment." Furthermore, rehabilitation is now regarded as an urgent and growing global issue. The global population is aging, and the number of people suffering from non-communicable diseases is rising. According to World Bank Data, 17% of the total population in the North American region was 65 years old or over in 2021 which is estimated to reach 19.6% and 22.6% by 2027 and 2050 respectively. For Mexico, the stats stood at 9.3% in 2027 and 17% in 2050. This increase in the geriatric population in the North American region is anticipated to support the development of the rehabilitation equipment market over the forecasted period.
The income earned from the sale of This Study and technologies by various application industries is considered in the report. This section also includes an analysis of global production volume and production volume by type for the projection period. Factors that influence market growth are important because they may be used to design diverse strategies for capturing the lucrative possibilities that exist in the ever-growing industry. In addition, market expert perspectives have been incorporated to better understand the industry.
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Key Industry Players in North America Rehabilitation Equipment Market:
- Caremax Rehabilitation Equipment Co., Ltd.
- Carex Health Brands, Inc.
- DJO North America Inc. (Colfax Corporation)
- Drive DeVilbiss Healthcare LLC
- Dynatronics Corporation
- Ekso Bionics Holdings Inc.
- GF Health Products Inc.
- Hill-Rom Services Inc.
- Baxter International
- Invacare Corporation
- Joerns Healthcare LLC
- Medline Industries, Inc.
- Roma Medical Aids Ltd.
- Sunrise Medical, Inc.
- TecnoBody S.r.l. and Other Major Players.
Rehabilitation refers to the treatment designed to facilitate the process of recovery from injury, illness, or disease to a normal condition by therapy and counseling. Since a wide range of equipment is re-usable in nature, their adoption is increasing among customers. The major factors that drive the growth of this market include growing incidence of disabilities that result from non-communicable diseases, favorable healthcare reforms, and rapid growth in geriatric population coupled with the rising prevalence of chronic diseases.
Segmentation Analysis Includes,
- Daily Living Aids
- Exercise Equipment
- Body Support Devices
- Mobility Equipment
- Occupational Therapy
By End User:
- Hospitals & Clinics
- Rehab Centers
- Homecare Settings
- Physiotherapy Centers
- North America (U.S., Canada, Mexico)
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Questions Answered in the North America Rehabilitation Equipment Market Research Report:
- What will be the CAGR of global North America rehabilitation equipment market?
- Who are the prominent players operating in the North America rehabilitation equipment market?
- Which are the driving factors of the North America rehabilitation equipment market?
- Which region will lead the global North America rehabilitation equipment market?
The widespread use of rehabilitation equipment in clinics, hospitals, home care settings, and rehabilitation and physiotherapy centers is currently made possible by the rising prevalence of many chronic and non-communicable diseases, such as cancer, arthritis, and Parkinson's, especially among the growing geriatric population. Accordingly, the deployment of virtual or remote healthcare programs on various internet platforms has been prompted by the rapid emergence of the coronavirus illness (COVID-19) pandemic and the ensuing adoption of lockdowns.
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The COVID-19 pandemic has caused major destruction in the delivery of the healthcare routine across the world. COVID-19 has posed limitations for many patients to access standard health services such as visits to health care professionals, medications, diagnosis, and attendance at cardiac rehabilitation. It has adversely impacted the ability of patients and practitioners to adhere to treatment guidelines. The COVID-19 situation is projected to boost the virtual rehabilitation programs and most virtual rehab platforms, such as Moving Analytics and Chanel Healthcare app-based.
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