Rehabilitation Equipment Market worth $19.8 billion by 2027

13 July 2022 Projectus Consulting

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The global rehabilitation equipment market is projected to reach USD 19.8 billion by 2027 from USD 14.9 billion in 2022, at a CAGR of 5.9% during the forecast period. The growth of this market is primarily driven by the increasing prevalence of chronic diseases such as arthritis and cancer, requiring rehabilitation therapies, high risk of injuries to caregivers during the manual handling of patients, rising geriatric, and obese populations, and increasing demand for rehabilitation therapies owing to increasing access to healthcare. However, reimbursement issues and persistent difficulties in handling bariatric patients are some of the key challenges in the market.

 
COVID-19 Impact on the Rehabilitation Equipment Market

The pandemic had a mixed impact on the rehabilitation equipment market. The demand for equipment across home care settings slightly increased. In contrast patient visits to hospitals, clinics and rehabilitation centres decreased. Governments across various countries-imposed lockdowns to prevent and contain the spread of disease during Q1 & Q2 2020. These lockdowns adversely affected vendors in the rehabilitation equipment market by disrupting supply chains and delaying deliveries. Vendors could resume routine operations and recover in Q3 & Q4 2020. As hospitals observed a rapid increase in admissions, the demand for equipment such as medical beds, wheelchairs, and stretchers increased. However, rehabilitation and physiotherapy centres observed a decline in visits, as patients opted for home care therapies owing to health safety measures. The demand for rehabilitation equipment such as bathroom and toilet safety devices remained normal during 2020.

 

Drivers

The manual handling of disabled patients may result in severe musculoskeletal injuries to caregivers. The risk of back injuries increases during lateral transfer, as caregivers must reach over the stretcher to the bed and physically pull the patient across onto a stretcher. This movement forces the body of caregivers into an awkward posture, which can cause musculoskeletal discomfort.

Injuries occurring at healthcare institutions involve direct and indirect costs—direct costs include expenses incurred in the treatment of injuries and the total man-days lost at work, while indirect costs are very difficult to measure and involve the diminished function of caregivers.

Healthcare institution workers report substantial pain from work injuries which involve direct and indirect costs. Direct costs include expenses incurred in the treatment of injuries and the total man-days lost at work. Indirect costs are difficult to measure and involve diminished function of caregivers.

Also, injuries to caregivers affects patient care. There are no provisions for replacing injured workers on an immediate basis. As a result, a smaller number of caregivers have to move and life the same number of patients, which affects the quality of care, especially for patients with limited mobility. This in turn increases the length of stay of patients in hospitals, which adds to overall healthcare expenditure. After the implementation of safe rehabilitation care programs, various rehabilitation equipment such as mobility solutions (including wheelchairs and patient lifts) are being used across healthcare institutions.

Manual handling of patients while transferring them from one place to another results in injuries to caregivers, leading to missed workdays and loss of income, while also jeopardising the health and well-being of patients. To overcome these challenges the healthcare facilities are focusing on providing optimal care without putting their personnel at risk. As a result, the demand for tools such as, patient lifts, slings, and wheelchairs has increased, thereby boosting the sales growth in rehabilitation equipment.

 
Restraints: Lack of awareness and access to rehabilitation services in emerging markets

A general lack of awareness on the effective use of rehabilitation equipment is expected to restrain the growth of this market. For example, in the case of a stroke, the lack of proper assistance and rehabilitation at the correct juncture can have significant ill-effects on the functioning of the body. This lack of awareness can also lead to patients neglecting the symptoms of critical conditions entirely, which affects the adoption of rehabilitation. This is a key problem in countries, such as Malaysia and Taiwan, where the effects of this factor are compounded by a lack of sufficient infrastructure and manpower. In this scenario, patient access to rehabilitation and associated equipment is also affected. Other factors, such as lack of appropriate referrals and lack of knowledge in context to rehabilitation services among members of the family, also restrict access to rehabilitation equipment.

The access to rehabilitation services for people with disabilities in low- and middle-income countries is limited. Evidence suggests that people with disabilities face many barriers to accessing healthcare services. This lack of access to rehabilitation services is limiting the growth of this market.

 

Opportunities: Rising demand for home healthcare services

The number of government regulations are being implemented globally to reduce the duration and cost involved in healthcare treatments. The provision of services at a patient’s home is typically more cost-effective than in institutions, particularly if the available informal care is used effectively. With the evolution of new technologies, such as remote patient monitoring, the home care segment is expected to witness significant growth in the coming years. The growing demand for home care will, in turn, increase the demand for equipment required for treating patients in home care settings, including patient transfer devices, mobility devices, and medical beds, in the coming years.

 

Physical rehabilitation and training segment is the largest application segment in the rehabilitation equipment market in 2021

Based on application, the rehabilitation equipment’s market is segmented into physical rehabilitation & training; strength, endurance, and pain reduction; and occupational rehabilitation & training. In 2021, the physical rehabilitation & training segment accounted for the largest share of the market. Increase in incidence of sports injuries, cerebrovascular diseases, and degenerative joint disorders are driving the growth of the segment.

 

Challenges: Reimbursement issues

Several products in this market are priced at a premium and may not be affordable for patients. In such a case they would need to depend of reimbursements to access the equipment. Various organizations, such as Medicare and Medicaid in the US, provide only limited coverage for rehabilitation equipment such as hospital beds, patient lifts, commode chairs, crutches, walkers, and manual and electric wheelchairs and scooters. Moreover, this coverage is only applicable for the purchase or rentals from Medicare suppliers, as the supplier is prohibited by Medicare rules to charge more than the Medicare-approved amount for equipment.

 

The complexity of the enrolment procedure itself is a key challenge for patients and potential customers. In addition, rehabilitation equipment can only be reimbursed is they are prescribed by doctors / physicians for a certain medical condition. This may hinder the adoption of rehabilitation equipment for home care purposes.

 

Recent Developments

·      In May 2022, Etac AB (Sweden) announced the launch of R82 Crocodile (size 0), the smallest walking aid by the company.

·      In March 2022, Medline Industries, LP (US) announced a USD 725 million prime vendor partnership with Mount Sinai Health System (US), to enhance their supply chain strategy and improve patient outcomes.

·      In March 2022, Prism Medical (UK) announced a partnership with IoT Solution Group (UK), to enable Prism Medical to advance its existing product portfolio and expand into the smart healthcare market.

·      In February 2022, Invacare announced the launch of its next-generation e-fix eco Power Assist Device to upgrade its manual wheelchairs.

 

 

The global rehabilitation equipment market is projected to reach USD 19.8 billion by 2027 from USD 14.9 billion in 2022, at a CAGR of 5.9% during the forecast period. The growth of this market is primarily driven by the increasing prevalence of chronic diseases such as arthritis and cancer, requiring rehabilitation therapies, high risk of injuries to caregivers during the manual handling of patients, rising geriatric, and obese populations, and increasing demand for rehabilitation therapies owing to increasing access to healthcare. However, reimbursement issues and persistent difficulties in handling bariatric patients are some of the key challenges in the market.

 

COVID-19 Impact on the Rehabilitation Equipment Market

 

The pandemic had a mixed impact on the rehabilitation equipment market. The demand for equipment across home care settings slightly increased. In contrast patient visits to hospitals, clinics and rehabilitation centres decreased. Governments across various countries-imposed lockdowns to prevent and contain the spread of disease during Q1 & Q2 2020. These lockdowns adversely affected vendors in the rehabilitation equipment market by disrupting supply chains and delaying deliveries. Vendors could resume routine operations and recover in Q3 & Q4 2020. As hospitals observed a rapid increase in admissions, the demand for equipment such as medical beds, wheelchairs, and stretchers increased. However, rehabilitation and physiotherapy centres observed a decline in visits, as patients opted for home care therapies owing to health safety measures. The demand for rehabilitation equipment such as bathroom and toilet safety devices remained normal during 2020.

 

Drivers

 

The manual handling of disabled patients may result in severe musculoskeletal injuries to caregivers. The risk of back injuries increases during lateral transfer, as caregivers must reach over the stretcher to the bed and physically pull the patient across onto a stretcher. This movement forces the body of caregivers into an awkward posture, which can cause musculoskeletal discomfort.

 

Injuries occurring at healthcare institutions involve direct and indirect costs—direct costs include expenses incurred in the treatment of injuries and the total man-days lost at work, while indirect costs are very difficult to measure and involve the diminished function of caregivers.

 

Healthcare institution workers report substantial pain from work injuries which involve direct and indirect costs. Direct costs include expenses incurred in the treatment of injuries and the total man-days lost at work. Indirect costs are difficult to measure and involve diminished function of caregivers.

 

Also, injuries to caregivers affects patient care. There are no provisions for replacing injured workers on an immediate basis. As a result, a smaller number of caregivers have to move and life the same number of patients, which affects the quality of care, especially for patients with limited mobility. This in turn increases the length of stay of patients in hospitals, which adds to overall healthcare expenditure. After the implementation of safe rehabilitation care programs, various rehabilitation equipment such as mobility solutions (including wheelchairs and patient lifts) are being used across healthcare institutions.

 

Manual handling of patients while transferring them from one place to another results in injuries to caregivers, leading to missed workdays and loss of income, while also jeopardising the health and well-being of patients. To overcome these challenges the healthcare facilities are focusing on providing optimal care without putting their personnel at risk. As a result, the demand for tools such as, patient lifts, slings, and wheelchairs has increased, thereby boosting the sales growth in rehabilitation equipment.

 

Restraints: Lack of awareness and access to rehabilitation services in emerging markets

 

A general lack of awareness on the effective use of rehabilitation equipment is expected to restrain the growth of this market. For example, in the case of a stroke, the lack of proper assistance and rehabilitation at the correct juncture can have significant ill-effects on the functioning of the body. This lack of awareness can also lead to patients neglecting the symptoms of critical conditions entirely, which affects the adoption of rehabilitation. This is a key problem in countries, such as Malaysia and Taiwan, where the effects of this factor are compounded by a lack of sufficient infrastructure and manpower. In this scenario, patient access to rehabilitation and associated equipment is also affected. Other factors, such as lack of appropriate referrals and lack of knowledge in context to rehabilitation services among members of the family, also restrict access to rehabilitation equipment.

 

The access to rehabilitation services for people with disabilities in low- and middle-income countries is limited. Evidence suggests that people with disabilities face many barriers to accessing healthcare services. This lack of access to rehabilitation services is limiting the growth of this market.

 

Opportunities: Rising demand for home healthcare services

The number of government regulations are being implemented globally to reduce the duration and cost involved in healthcare treatments. The provision of services at a patient’s home is typically more cost-effective than in institutions, particularly if the available informal care is used effectively. With the evolution of new technologies, such as remote patient monitoring, the home care segment is expected to witness significant growth in the coming years. The growing demand for home care will, in turn, increase the demand for equipment required for treating patients in home care settings, including patient transfer devices, mobility devices, and medical beds, in the coming years.

 

Physical rehabilitation and training segment is the largest application segment in the rehabilitation equipment market in 2021

 

Based on application, the rehabilitation equipment’s market is segmented into physical rehabilitation & training; strength, endurance, and pain reduction; and occupational rehabilitation & training. In 2021, the physical rehabilitation & training segment accounted for the largest share of the market. Increase in incidence of sports injuries, cerebrovascular diseases, and degenerative joint disorders are driving the growth of the segment.

 

Challenges: Reimbursement issues

Several products in this market are priced at a premium and may not be affordable for patients. In such a case they would need to depend of reimbursements to access the equipment. Various organizations, such as Medicare and Medicaid in the US, provide only limited coverage for rehabilitation equipment such as hospital beds, patient lifts, commode chairs, crutches, walkers, and manual and electric wheelchairs and scooters. Moreover, this coverage is only applicable for the purchase or rentals from Medicare suppliers, as the supplier is prohibited by Medicare rules to charge more than the Medicare-approved amount for equipment.

 

The complexity of the enrolment procedure itself is a key challenge for patients and potential customers. In addition, rehabilitation equipment can only be reimbursed is they are prescribed by doctors / physicians for a certain medical condition. This may hinder the adoption of rehabilitation equipment for home care purposes.

 

Recent Developments
  • In May 2022, Etac AB (Sweden) announced the launch of R82 Crocodile (size 0), the smallest walking aid by the company.

  • In March 2022, Medline Industries, LP (US) announced a USD 725 million prime vendor partnership with Mount Sinai Health System (US), to enhance their supply chain strategy and improve patient outcomes.

  • In March 2022, Prism Medical (UK) announced a partnership with IoT Solution Group (UK), to enable Prism Medical to advance its existing product portfolio and expand into the smart healthcare market.

  • In February 2022, Invacare announced the launch of its next-generation e-fix eco Power Assist Device to upgrade its manual wheelchairs.​

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