Global Physiotherapy Equipment Market Anticipated To Reach USD 25 Billion By 2024

North America physiotherapy equipment market was valued USD 6.0 billion in 2016 owing to rising number of diagnostic centers and treatment facilities. Physiotherapy equipment market players are finding new opportunities to explore their business in these countries.

During the recent years, it is observed that almost 70% of people are treated by physiotherapy and thus saves the cost which would have occurred if they have gone through surgeries. The problem of orthopedic disorders is the major driver to market of physiotherapy equipment as there is an increasing number of such type of disorders due to the increase in elderly population. Physiotherapy is used to cure mainly all type of malady namely join disorder, neck and back pain, injuries, arthritis etc. The advancement in new technology is taking place rapidly nowadays and with this advancement, several new types of equipment for physiotherapy have also been instigated into the market.

According to Goldstein Research, global physiotherapy equipment market is segmented on the basis of products, application and by end-user. Application segment is further categorized into cardiovascular and pulmonary, musculoskeletal, neurology, pediatric and others (sports, women health, and palliative care).Based on the application, due to increasing number of the popularity of heart stroke and autism, neurology is said to dominate the market over the coming next five to six years. Furthermore, neurology segment registered a growth rate of 7.0% in 2016.The market of physiotherapy covers USD 15.6 billion in 2016 in which global physiotherapy equipment market is expected to grow at a CAGR of 7% for the forecast period i.e. 2016-2024.

Physiotherapy Equipment Market, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry physiotherapy equipment manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global Physiotherapy Equipment Market Segmentation can be classified on the basis of:

On the basis of products

  • Hydrotherapy
  • Cryotherapy
  • Continuous Passive Motion (CPM)
  • Electric Stimulation
  • Heat Therapy
  • Therapeutic Exercises
  • Ultrasound
  • Others (Laser Therapy, Wax Therapy, and Traction)

On the basis of application

  • Cardiovascular and Pulmonary
  • Musculoskeletal
  • Neurology
  • Pediatric
  • Others (Sports, Women Health, and Palliative Care)

On the basis of end users

  • Hospitals
  • Clinics
  • Diagnostic Labs
  • Others (Home health centers, schools, and rehabilitation center)

By Geography

  • North America (US, Canada)Physiotherapy Equipment Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Physiotherapy Equipment Market{Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Physiotherapy Equipment Market{Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America)Physiotherapy Equipment Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Physiotherapy Equipment Market{Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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Market Trends, Drivers & Challenges

Every year more than 45% of Americans over 18 years of age has the problem of the muscular skeleton will at least last for 3 months. Due to growing number of chronic diseases and neurological disorders across the globe, medical facilities are inclining towards the adoption of physiotherapy equipment. Growing awareness among the population towards the benefits of physiotherapy is propelling the demand for physiotherapy equipment in hospitals and nursing homes. Equipment innovation such as rehabilitation robots and others is driving the growth of global physiotherapy equipment market. However, the maintenance and equipment of physiotherapies are very costly and availability of alternative therapies tends to hinder the global physiotherapy equipment market.

“Global physiotherapy equipment market report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the physiotherapy equipment industry. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global physiotherapy equipment market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

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