The invention discloses a rib fracture rehabilitation exercise device. The device is provided with a box body and a cover body and is characterized in that: a folding air bag, an air inlet pipe and an air outlet pipe are arranged between the box body and the cover body, one end of the air inlet pipe is fixedly connected with an air blowing nozzle, the other end of the air inlet pipe is communicated with an air inlet of the folding air bag through a one-way valve, a positioning block is arranged outside the air inlet pipe, a lower positioning through groove and a clamping groove are formed in the front end face of the box body, a lower guiding through groove is formed in the rear end face of the box body, an upper positioning through groove is formed in the front end face of the cover body, an upper guiding through groove is formed in the rear end face of the cover body, the folding air bag is arranged in a cavity of the box body and a cavity of the cover body, the front end of the folding air bag penetrates out of the positioning through groove through the air inlet pipe and is fixedly clamped in the clamping groove through the positioning block for positioning, and the rear end of the folding air bag penetrates out of the guiding through groove and is in transition fit with the guiding through groove through the air outlet pipe. The device has the advantages of being simple in structure, convenient to operate, capable of saving energy and remarkably shortening rehabilitation time, remarkable in rehabilitation effect and the like.