Market Overview:
The global rehabilitation parallel bars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and growing demand for home-based rehabilitation therapies. In addition, technological advancements in parallel bars are also contributing to the growth of this market. Based on type, the global rehabilitation parallel bars market is segmented into wood and metal Parallel Bars. Wood Parallel Bars are more popular among end users owing to their lightweight nature and easy installation process as compared to Metal Parallel Bars. However, Metal Parallel Bars are more durable than Wood Parallel Bars and hence are preferred by hospitals and rehabilitation centers for long-term use applications. Based on application, the global rehabilitation parallel bars market is segmented into hospital care, rehab center care, homecare settings (including nursing homes), and other applications (such as schools). Among these segments, hospital care accounts for a major share of the overall market due to increasing number of patients with chronic diseases who require post-operative or post-injury rehabilitative therapies in hospitals across the globe.
Product Definition:
Rehabilitation Parallel Bars are a piece of exercise equipment used to rehabilitate and condition the body.
Wood:
Wood is one of the most commonly used materials in parallel bars. It is available at low cost and has a wide availability range due to its widespread use in furniture making industry. Wood can be classified as tropical or non-tropical based on the variety of tree from which it's derived. Tropical wood includes teak, rosewood, sandalwood; whereas non-tropical includes maple, oak, pine and others.
Metal:
Metal and it's usage in rehabilitation parallel bars market is expected to witness significant growth over the forecast period. The rising geriatric population, increasing prevalence of orthopedic conditions coupled with growing awareness regarding physical fitness are some factors driving the metal and it's usage in rehabilitation parallel bars market. In addition, increasing government funding for developing countries towards sports activities is also anticipated to boost demand over the coming years.
Application Insights:
The hospital application segment dominated the global rehabilitation parallel bars market, accounting for over 60.0% share of the total revenue in 2017. The hospital is one of the most important places for a patient who has undergone physical injuries to recover and gain strength before he or she returns to normal activities. In addition, hospitals offer various services including physiotherapy and occupational therapy that are essential for patients suffering from physical injuries to get back on track with their daily lives as soon as possible.
Hence, increasing number of hospitals across the globe coupled with rising healthcare spending by governments is expected to boost product demand globally over the forecast period. Metal parallel bars are more expensive than their wooden counterparts but they provide better stability and safety features during exercise routines which may be beneficial if compared with other types when it comes time to invest in a commercial gymnasium or health club facility at home or at work place.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of hospitals and rehabilitation centers in the region is anticipated to drive demand for rehabilitation equipment, thereby supporting market growth. In addition, increasing government funding and awareness regarding physical therapy are expected to propel industry expansion over the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising healthcare expenditure by governments as well as private organizations, growing geriatric population base, improving infrastructure facilities for patients along with an increase in hospital admission rates due to chronic diseases such as cardiovascular disorders and cancer among others. These factors are anticipated contribute toward regional product demand during the forecast period (2018-2030).
Europe also held a significant share of revenue generated by way of exports from developed economies such as Germany and U.K., which indicates high product penetration levels across this region especially on account Kneipp Rehabilitation GmbH & Co.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, which will create a larger pool of patients for rehabilitation therapies. This will drive the demand for rehabilitation parallel bars and other rehabilitation equipment and services.
- Rising incidence of chronic diseases: The prevalence of chronic diseases such as stroke, heart disease, and diabetes is increasing rapidly across the world due to changing lifestyles and aging populations. These conditions often require long-term rehabilitative care, thereby driving the demand for rehabilitation parallel bars and other related equipment/services.
- Technological advancements: Rehabilitation parallel bars are becoming increasingly sophisticated with features such as adjustable height, width, angle etc., which allows therapists to customize therapy programs as per patient needs . This is likely to spur market growth in the coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Rehabilitation Parallel Bars Market Research Report
By Type
Wood, Metal
By Application
Hospital, Rehabilitation Center, Housecare, Others
By Companies
Fisiotech, NHC MEDICAL & BEAUTY, JMS, Cosmogamma, Hausmann, Chinesport, OG Wellness Technologies, h/p/cosmos, Vectorius, JUVENTAS, MINATO MEDICAL SCIENCE, Armedica Manufacturing Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Rehabilitation Parallel Bars Market Report Segments:
The global Rehabilitation Parallel Bars market is segmented on the basis of:
Types
Wood, Metal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Rehabilitation Center, Housecare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fisiotech
- NHC MEDICAL & BEAUTY
- JMS
- Cosmogamma
- Hausmann
- Chinesport
- OG Wellness Technologies
- h/p/cosmos
- Vectorius
- JUVENTAS
- MINATO MEDICAL SCIENCE
- Armedica Manufacturing Corporation
Highlights of The Rehabilitation Parallel Bars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wood
- Metal
- By Application:
- Hospital
- Rehabilitation Center
- Housecare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rehabilitation Parallel Bars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rehabilitation parallel bars is a type of exercise that helps people with physical disabilities regain strength and mobility.
Some of the major companies in the rehabilitation parallel bars market are Fisiotech, NHC MEDICAL & BEAUTY, JMS, Cosmogamma, Hausmann, Chinesport, OG Wellness Technologies, h/p/cosmos, Vectorius, JUVENTAS, MINATO MEDICAL SCIENCE, Armedica Manufacturing Corporation.
The rehabilitation parallel bars market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rehabilitation Parallel Bars Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Rehabilitation Parallel Bars Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rehabilitation Parallel Bars Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Rehabilitation Parallel Bars Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Rehabilitation Parallel Bars Market Size & Forecast, 2020-2028 4.5.1 Rehabilitation Parallel Bars Market Size and Y-o-Y Growth 4.5.2 Rehabilitation Parallel Bars Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wood
5.2.2 Metal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Rehabilitation Center
6.2.3 Housecare
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rehabilitation Parallel Bars Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rehabilitation Parallel Bars Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wood
9.6.2 Metal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Rehabilitation Center
9.10.3 Housecare
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wood
10.6.2 Metal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Rehabilitation Center
10.10.3 Housecare
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wood
11.6.2 Metal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Rehabilitation Center
11.10.3 Housecare
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wood
12.6.2 Metal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Rehabilitation Center
12.10.3 Housecare
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wood
13.6.2 Metal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Rehabilitation Center
13.10.3 Housecare
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rehabilitation Parallel Bars Market: Competitive Dashboard
14.2 Global Rehabilitation Parallel Bars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fisiotech
14.3.2 NHC MEDICAL & BEAUTY
14.3.3 JMS
14.3.4 Cosmogamma
14.3.5 Hausmann
14.3.6 Chinesport
14.3.7 OG Wellness Technologies
14.3.8 h/p/cosmos
14.3.9 Vectorius
14.3.10 JUVENTAS
14.3.11 MINATO MEDICAL SCIENCE
14.3.12 Armedica Manufacturing Corporation