The rapidly growing ageing
population and the subsequent increase in the global prevalence of chronic
diseases are the major factors driving the growth of the physiotherapy
equipment market. In addition, the growing incidence of sports injuries,
degenerative joint disorders, and cerebrovascular disease will also contribute
to market growth in the coming years.
Physiotherapy
Equipment Market Dynamics: Impact Analysis
1.
Increase in
The Global Prevalence of Chronic Diseases
2. Growing Incidence of Sports Injuries
3. Emerging Markets
4. Technological Advances
5. Wide Range of Applications
The physiotherapy equipment market is projected to
reach USD 21.7 billion by 2025 from USD 16.6 billion in 2020, at a CAGR of 5.6%.
Key Questions Addressed in The Report:
1.
Who are the top 10 players
operating in the global Physiotherapy Equipment market?
2. What are the drivers, restraints, opportunities, and challenges in the
Physiotherapy Equipment Industry?
3. What are the opportunities for stakeholders and provide details of the
competitive landscape for key players?
4. What will be growth of Physiotherapy Equipment in North America, Europe,
Asia Pacific, Latin America, and the Middle East and Africa?
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Growing Demand for Electrotherapy Equipment:
The
electrotherapy equipment segment is projected to grow at the highest CAGR
between 2018 and 2024. Growth in this segment is mainly driven by the
increasing adoption of electric stimulation-based techniques for physiotherapy.
Neuromuscular electrical stimulation (NMES), specifically functional electrical
stimulation (FES) that compensates for voluntary motion, and therapeutic
electrical stimulation (TES) aimed at muscle strengthening and recovery from
paralysis are widely used in clinical settings for rehabilitation, especially
for stroke.
Musculoskeletal Application:
On the basis of application, the market is segmented into
cardiovascular and pulmonary applications, musculoskeletal applications,
neurological applications, pediatric applications, gynecological applications,
and other applications (includes sports and palliative care). In 2018, the
musculoskeletal applications segment accounted for the largest share of the
market, followed by the neurological applications segment. The large share of
the musculoskeletal applications segment is attributed to the rising incidence
of musculoskeletal disorders, growth in the geriatric population, and the
increasing number of accidents.
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Europe and Asia Pacific to Dominate The Industry:
Europe
is the major revenue-generating regions in the global physiotherapy equipment
industry. Factors such as the rising geriatric population, increasing
inclination for active lifestyles, the penetration of physiotherapy services,
and favorable healthcare reforms are driving the growth of the physiotherapy
equipment market in Europe.
Asia Pacific is expected to
show the highest growth rate during the forecast period. The high growth rate
of this region can mainly be attributed to the rising geriatric population, the
growing number of private sector hospitals, developments in primary healthcare
infrastructure, and the inclination toward active lifestyles.
Key Players:
The leading players in this
market include DJO Global (US), BTL Industries Inc. (US), Performance Health
(US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics
Corporation (US), Mectronic Medicale (Italy), EMS Physio Ltd. (UK), Whitehall
Manufacturing (US), Zimmer MedizinSysteme GmbH (Germany), Zinex Inc. (US),
STORZ Medical AG (Swotzerland), Life Care Systems (India), and Mettler
Electronics Corp. (US).
DJO Global (US) is a major leader in the physiotherapy equipment market.
It maintains its leadership position in this market through its strong
distribution network across the globe and with its business operations in the
US, the Asia Pacific, the Middle East and Africa, Germany, Australia, Canada,
and Latin America.