Physiotherapy Equipment Market: Growing Demand For Physiotherapy Devices In Medical Industry
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- Investment Opportunities in Global Industry.
- Physiotherapy Equipment Market is Growing at a CAGR of 5.6%.
- Business Opportunities Worth $21.7 billion by 2025.
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?
5. What are the Known and Unknown Adjacencies Impacting the Physiotherapy Equipment Industry?
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Physiotherapy Equipment Market
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.
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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Physiotherapy Equipment Market
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.
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 (OTCPK: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).
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