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.
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.
Due to introduction of the long-term care insurance system in the industry, interest in rehab equipment of the users has increased which later became a trend in the market. This trend further drives the market for the improvement in function and design of the equipment which will be of great importance for the aged and physically challenged population.
The key trend in the global rehab equipment market is physiotherapy due to aging population, increase in disabilities and usage of daily living aids for the proper and comfortable treatment of the patients.
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.
News Courtesy: P&S Market Research
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