Rehabilitation Equipment Market Size - By Product (Cardiopulmonary Rehabilitation Equipment, Musculoskeletal Rehabilitation Equipment, Neurological Rehabilitation Equipment), By End-use (Hospitals and Clinics, Rehab Centers), & Forecast, 2023 - 2032

Rehabilitation Equipment Market Size - By Product (Cardiopulmonary Rehabilitation Equipment, Musculoskeletal Rehabilitation Equipment, Neurological Rehabilitation Equipment), By End-use (Hospitals and Clinics, Rehab Centers), & Forecast, 2023 - 2032

Global Rehabilitation Equipment Market size will expand exponentially through 2032. Growing demand for rehabilitation therapies globally is creating lucrative opportunities for industry growth. Rising focus on functional independence has increased the demand for rehabilitation therapies to improve the quality of life of people with disabilities. Many countries worldwide are focusing on expanding insurance coverage for the inclusion of rehabilitation services to make them accessible and affordable to a wider population.

Moreover, companies operating in the rehabilitation equipment space are focusing on capacity expansion strategies to reinforce their industry position. For instance, in August 2022, Medline Industries, a prominent healthcare company, announced the opening of two LEED-certified distribution centers in Montgomery and Missouri. Implementation of similar growth strategies will help the industry gain momentum over the next ten years.

The overall rehabilitation equipment market is divided based on product, end-use, and region.

Based on the product, the neurological rehabilitation equipment market share will grow at 13.5% CAGR from 2023 to 2032. Increasing prevalence of neurological disorders such as Parkinson’s disease, multiple sclerosis, and others has increased the need for neurological rehabilitation equipment. As per the Parkinson’s Foundation, Parkinson’s disease affects around 90,000 people every year in the U.S. alone. Moreover, surging innovations in the technology of neurological rehabilitation equipment are further contributing to segment expansion.

In fact, robotic-assisted devices have gained popularity in neurological rehabilitation. These devices use robotic arms or exoskeletons to assist patients in repetitive movements, such as walking or arm exercises. They provide precise control, customizable assistance, and real-time feedback, helping patients regain motor function and improve coordination.

With respect to end-use, industry value from the homecare settings segment will register appreciable growth over 2023-2032. High availability of a wide range of rehabilitation equipment for home use will create a strong impetus for segment growth. Moreover, the use of rehabilitation equipment in these settings offers great convenience and support. Growing demand for personalized care has further increased the adoption of rehabilitation equipment in homecare settings.

From the regional standpoint, Europe rehabilitation equipment market was worth more than USD 5 billion in 2022. Favorable initiatives by the regional government for rehabilitation services are positively impacting the industry growth. Moreover, regional expansion can also be ascribed to the growing number of rehabilitation centers and a rising need for prosthetics. The surging geriatric population’s susceptibility to chronic disorders has further increased the demand for rehabilitation equipment in the region.