Rehabilitation Equipment Market Future Challenges and Industry Growth Outlook 2032

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Rehabilitation Equipment Market Analysis
Forecast to 2032 by Key Players, Share, Trend,
Segmentation
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• Industry Insights

• 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.

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• 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.

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• Regional Analysis

• 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.

• Competitive Analysis

• Koninklijke Philips N V, Invacare Corporation,
  Tyromotion, Dynatronics Corporation, Medtronic
  plc, and, Caremax Rehabilitation Equipment Co.
  Ltd, among others.

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