Global Rehabilitation Equipment Market to Reach a Value of About US$ 13,400 Mn in the Year 2022, Mobility Equipment Segment is the Largest in Product Type The global rehabilitation equipment market is slated to touch a value of about US$ 13,400 Mn in the year 2022 and grow at a robust CAGR during the assessment period. The global rehabilitation equipment market is expected to witness sustained growth due to the rising incidences of degenerative diseases such as Parkinson’s, arthritis, etc. and a growing number of patients suffering from trauma who need rehabilitation therapy. In addition, a growing geriatric population is also likely to spur market growth during the assessment period. There is a pressing need for devices that provide assistance to the physically challenged people across the globe. Moreover, since manufacturers have established excellent channels of communication with the needy population of such devices, innovation in the rehabilitation equipment market has also increased to a new level. Also, governments across the world are providing support and subsidies for rehabilitation equipment which is also likely to boost the demand for such kind of equipment. Moreover, favorable reimbursement policies in the developed markets of the West are expected to stimulate market growth as well. The global rehabilitation equipment market is growing at a brisk pace all over the world. The reasons for this are the increasing number of disabilities that are derived from non-communicable diseases, favorable reforms in the healthcare sector and an increasing geriatric population coupled with increasing incidences of chronic diseases. In addition, increasing support from the government and technological innovations in the field of rehabilitation equipment which supports the geriatric population and the physically challenged people is also giving an impetus to this market. The favorable insurance and reimbursement policies in the healthcare sector of the countries in the developed world are also boosting the global rehabilitation equipment market. On the other hand, the high cost of the rehabilitation equipment along with a high maintenance cost of such equipment are the factors that are hampering the growth of the global rehabilitation equipment market to some extent. Persistence Market Research forecasts the Germany rehabilitation equipment market to exhibit a compound annual growth rate (CAGR) of nearly 6% from 2017 to 2022. The report has also included the profiles of some of the leading companies in the rehabilitation equipment market like Caremax Rehabilitation Equipment Co. Ltd, Drive Devilbiss Healthcare, Invacare Corporation, GF Health Products, Inc., Roscoe Medical, Medline Industries, Inc., Roma Medical Aids Ltd., and Dynatronics Corporation. Report Overview with TOC @ https://www.persistencemarketresearch.com/marketresearch/rehabilitation-equipment-market/toc About Us Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multidimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Contact Us Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA,Canada Toll Free: 800-961-0353 Email: sales@persistencemarketresearch.com Web: http://www.persistencemarketresearch.com
Moreover, since manufacturers have established excellent channels of communication with the needy population of such devices, innovation in the rehabilitation equipment market has also increased to a new level. Also, governments across the world are providing support and subsidies for rehabilitation equipment which is also likely to boost the demand for such kind of equipment.
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