Stats: Rehab equipment market worth $19.8 billion by 2027

A new market research report projects that the global rehabilitation equipment market will 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 report is categorized by application (e.g., physical therapy, occupational therapy, lower-body exercise equipment), end user (rehab and physiotherapy center), and product (mobility scooter, walker, crutches, cane, medical bed, patient lift sling). Organizations may want to heed the growth and get ahead of the curve by investing in these products and/or updating current equipment.