What is the future growth analysis of global
Physiotherapy Equipment Market?
The physiotherapy equipment market is projected
to reach USD 21.1 billion by 2024 from USD 15.1 billion in 2018, at a CAGR of
5.8%.
What are key factors driving growth of
global physiotherapy
equipment market?
Growth in physiotherapy market is driven by rapidly growing geriatric
population and the subsequent increase in the global prevalence of chronic
diseases, and growing incidence of sports injuries, degenerative joint
disorders, and cerebrovascular disease.
What the growth opportunities are in
physiotherapy equipment market?
1. Emerging Markets
2. Technological Advances
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Global Market Segmentation:
In the current market scenario, there is a
growing demand for physiotherapy equipment. The physiotherapy market has been
categorized based on products, application and region.
The electrotherapy equipment segment is projected to hold the largest share of
the market, during the forecast period. The large share of the segment is
primarily attributed to the by rapid adoption electrical stimulation-based
techniques in rehabilitation. It includes techniques, such as Transcutaneous
Electrical Nerve Stimulation, Functional Neuromuscular Stimulation, H-wave
Stimulation, Neuromuscular Electrical Stimulation, Interferential Stimulation,
Microcurrent Stimulation, Galvanic Stimulation, Sympathetic Therapy, Peripheral
Subcutaneous Field Stimulation, Peroneal Nerve Stimulation, and Auricular
Stimulation (P-stim).
On the basis of application, the physiotherapy
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.
Recent Developments in Global
Physiotherapy Equipment Market:
1. In 2018, DJO entered into a strategic
partnership with XPO Logistics, to manage portions of DJO’s North American
distribution operations.
2. In 2017, Dynatronics partnered with Orthopedic Outfitters to distribute
Dynatronics’ physiotherapy and rehabilitation products.
Geographic Growth Analysis:
The physiotherapy equipment market is
predominantly divided into four major geographies, namely, North America,
Europe, Asia Pacific, and the Rest of the World. Europe accounted for the
largest share of physiotherapy market, followed by North America.
The major drivers for the growth of this market are the rising geriatric
population, increasing inclination for active lifestyles, the penetration of
physiotherapy services, and favorable healthcare reforms. However, an uncertain
reimbursement scenario and the need for reforms in physiotherapy educational
practices are hindering the growth of physiotherapy market.
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Key Players In Global Physiotherapy
Equipment Market:
The major physiotherapy equipment vendors include DJO Global (US),
Performance Health (US), BTL Industries (US), and EMS Physio (UK).
Also get Information about:
1. Who are the major market players in the physiotherapy equipment and
accessories market?
2. What are the growth trends and the largest revenue-generating region for
physiotherapy equipment?
3. How are physiotherapy equipment sold to customers?
4. What are the major types of physiotherapy equipment and accessories?
5. What are the driving, restraining, opportunistic, and challenging factors
for physiotherapy market?