Rehab Equipment Market to Witness an Outstanding Growth in Coming Years

By -

Rehab equipment are re-usable equipment which aid patients in their daily chores. It is one of the effective ways to treat a patient recovering from long-term injury or illness. It accelerates the recovery process of the patient. Over the last decade, there has been a considerable growth in the global rehab equipment market due to advancement in technology and government reforms such as long-term care insurance, 2000 in Japan. It is expected to grow further during the forecast period (2017-2023) due to the entry of various private and government insurance players in the market. These players will provide reimbursement plans for the rehab equipment that will make these equipment more affordable.
Hospitals & Clinics, rehabilitation centres, home care settings and physiotherapy centres are its end users. Due to increase investment on hospital infrastructure and high-quality treatment in hospitals, hospitals are the main contributor towards the growth of the global rehab equipment market. Also, the other reasons for the growth of the global rehab equipment market are rise in non-communicable diseases, increase in sports injuries and rising chronic diseases.
Request to Get the Sample Pages at:
Companies are focusing on the technological advancements which is causing rapid growth of the market. The key factors which drive the growth of the global rehab equipment markets are positive government healthcare reforms, aging population and rise in chronic diseases, increase in disabilities due to non-communicable diseases, rise in disabled population and increasing sports injuries.

However, the cost of these equipments are high as well as the maintenance expenses too, are considerably high, which is restraining the global rehab equipment market. But such restraints are overcome by the insurance care provided by the government and private players.

In May 2016, GMS Rehabilitation launched a new product ‘The Genny’ which is a self-balancing wheel chair which was included in the Australian Register of Therapeutic Goods and is approved for use by person just like an Electric Wheelchair.

In August 2 2016, Compass Health Brands acquired the ProBasics brand from Invacare. ProBasics is a line of durable medical equipment (DME) which was an Invacare brand for home medical equipment providers that seeks quality DME products at a price supportable to the reimbursement environment.

Other key players in global rehab equipment market are Medline Industries, Inc., Dynatronics Corporation, GMS Rehabilitation, Drive DeVilbiss Healthcare, Changzhou Qian Jing Rehabilitation Co., Ltd., Compass Health Brands, Roma Medical, Caremax Rehabilitation Equipment Co. Ltd., GF Health Products, Inc., and Hospital Equipment Manufacturing Company.
Read More…

Comments

Post a Comment

Popular posts from this blog

Hospital Bed Market by Type, Treatment, Geography – Market Size, Growth and Demand

By -
Image
Global hospital bed market is forecasted to attain a size of $4.6 billion by 2023, according to P&S Market Research.The market is mainly driven by the increasing prevalence of chronic diseases, growing healthcare expenditure, surging aging population, and development of advanced hospital bed solutions. Based on the type of bed, the hospital bed market has been categorized into general, birthing, pediatric, pressure relief, and others. Of all types, the fastest growth during the forecast period in the global market is expected from general beds, with 5.8% CAGR, due to their low cost as compared to other beds. Based on treatment, the market has been categorized into acute care, critical care, and long-term care beds. During the forecast period, the hospital bed market for critical care is expected to grow the fastest among all types, with a CAGR of 6.0%. This growth is attributed to the fact that critical-care beds allow lateral tilting of patients, which helps in blood circula...
Read more

How the Patient Handling Equipment Market Has Witnessed Substantial Growth in Coming Years?

By -
Image
A report by the United Nations Department of Economic and Social Affairs said that the global population of people in the 60 and above age group is rising rapidly. By the end of 2050, the global share of this age group is expected to grow to 21.1% from 11.7% in 2013. Additionally, the number of people in this age group is predicted to be around 324 million in India, 437 million in China, 58 million in Brazil, and 107 million in the U.S. by 2050. One of the major contributors of the growing elderly population is the increasing life expectancy rate.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/patient-handling-equipment-market/report-sample Taking care of the bed-ridden patients or patients with restricted mobility can be taxing for caregivers. They have to perform many tasks, such as lifting, transferring them from one place to another, repositioning, bathing, and dressing a patient. Manual lifting of patients is one of the major risk factors...
Read more

Facial Skin Ablative Treatment Market To Reach $8,394.3 Million by 2030

By -
Image
 Drivers such as the booming geriatric population, surging number of aesthetic procedures, growing awareness regarding advanced aesthetic treatments, and increasing technological advancements will facilitate the facial skin ablative treatment market growth at a CAGR of 7.8% during the forecast period (2020–2030). The market was valued at $4,134.6 million in 2019, and it is expected to reach $8,394.3 million by 2030 . With the increasing focus on improved appearances, the demand for energy-based aesthetic treatments will amplify in the coming years. The increasing awareness regarding aesthetic procedures, on account of the rising number of exhibitions, seminars, and conferences aimed at generating awareness among the general public and healthcare professionals about the developments in aesthetic and cosmetic treatments will act as a catalyst for the market growth. For example, EuroMediCom (Informa Group) organized the Aesthetic & Anti-Aging Medicine World Congress (AMWC) in Apri...
Read more