New York, NY, July 10, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Physiotherapy Equipment Market by Product (Equipment and Accessories) and by Application (Musculoskeletal, Neurological, Cardiovascular & Pulmonary, Pediatric, Gynecological, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global physiotherapy equipment market was approximately USD 17.1 billion in 2018 and is expected to generate around USD 27 billion by 2025, at a CAGR of around 6.8% between 2019 and 2025.
Physiotherapy equipment is used by healthcare professionals, mostly physiotherapists, for the assessment, disease treatment, and diagnosis of any kind of physical disabilities. The global physiotherapy equipment market is witnessing notable growth, due to the rising prevalence of chronic diseases like cancer and epilepsy and increasing incidences of sport-related injuries and neurological disorders. With the increasing number of patients suffering from chronic diseases like arthritis, back pain, cancer, etc., the demand for physiotherapy equipment is growing in the market from various end-user industries. This is majorly boosting the growth of the physiotherapy equipment market globally. Additionally, the growing number of physiotherapy-related research conducted in various countries and rising government funding for the discovery and development of new equipment are also propelling the global physiotherapy equipment market growth. However, the dearth of trained professionals and lack of infrastructure facilities may hamper this market’s growth.
Browse through 36 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Physiotherapy Equipment Market: Industry Size, Share, Trends, Analysis, and Forecast, 2018–2025”.
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The physiotherapy equipment market is fragmented on the basis of product and application. Based on the product, the market is segmented into equipment and accessories. The equipment segment is further divided into electrotherapy equipment, ultrasound equipment, exercise therapy equipment, cryotherapy equipment, combination therapy equipment, and others. The equipment segment held a major market share in 2018. Additionally, the accessories segment is likely to showcase a higher growth rate over the forecast timeframe.
Based on application, the market is segmented into musculoskeletal, neurological, cardiovascular and pulmonary, pediatric, gynecological, and others. The neurological segment is likely to witness the highest rate of growth and dominate in the future. This can be attributed to the rising rate of strokes and the growing prevalence of paralysis attacks.
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North America held a major share of the physiotherapy equipment market globally in 2018, due to the huge number of R&D activities in the field of physiotherapy. Additionally, the presence of a large number of multinational healthcare equipment manufacturing companies is also driving this regional market.
The European physiotherapy equipment market held the second spot globally, due to the rising government funding, high healthcare investments, and growing chronic disease cases due to high-stress levels and unhealthy lifestyles. Additionally, new reimbursement policies and stringent regulatory guidelines aimed toward medical efficacy and patient care are further driving the physiotherapy equipment market in the region. Moreover, the rapid adoption of innovative technologies with improved features is also boosting this market’s growth.
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The Asia Pacific region is witnessing significant growth rate in the global physiotherapy equipment market due to a large patient pool, high unmet healthcare needs, increasing per capita healthcare expenditure, rising awareness about various diseases, and growing government funding for research activities. Additionally, most of the hospitals and clinics are outsourcing their physiotherapy equipment to various developing countries like China and India, which is further propelling the physiotherapy equipment market growth. Moreover, the regulatory policies in this region are more business-friendly and adaptive than those in the developed markets, which have led to the development of the region’s healthcare industry. Additionally, the growing investments to modernize the regional healthcare infrastructure are also driving the Asia Pacific physiotherapy equipment market.
Latin America and the Middle East and Africa are important regional markets that are likely to grow moderately in the future. Some key growth factors include rising prevalence of chronic disease and other irregularities especially among the low- and middle-income countries, increasing healthcare expenditure, continuously improving healthcare infrastructure, and the presence of high unmet medical needs.
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Some of the leading players of the global physiotherapy equipment market are BTL Industries, US Physical Therapy, DJO Global, Enraf-Nonius, Kindred Healthcare, Select Medical, Concentra Operating Corporation, Patterson Medical, EMS Physio, and Isokinetic.
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This report segments the global physiotherapy equipment market into:
Global Physiotherapy Equipment Market: Product Analysis
- Equipment
- Electrotherapy Equipment
- Ultrasound Equipment
- Exercise Therapy Equipment
- Cryotherapy Equipment
- Combination Therapy Equipment
- Continuous Passive Motion (CPM) Therapy Equipment
- Shockwave Therapy Equipment
- Laser Therapy Equipment
- Traction Therapy Equipment
- Magnetic Therapy Equipment
- Others
- Accessories
Global Physiotherapy Equipment Market: Application Analysis
- Musculoskeletal
- Neurological
- Cardiovascular and Pulmonary
- Pediatric
- Gynecological
- Others
Global Physiotherapy Equipment Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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