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Report Code: LS10377
Category : Medical Devices
The global physiotherapy equipment market is significantly growing due to technological advancements, such as implanted devices, rehabilitation robots, exoskeleton, and others. The technological advancements, such as implanted devices, help to increase the patient’s comfort level and improve patient care. The increasing demand for home physiotherapy and portable physiotherapy equipment are also creating growth opportunities for the global physiotherapy equipment market. The massive unexplored market in the physiotherapy equipment industry of the developing economies is creating abundant growth opportunities for the physiotherapy equipment market to grow at a considerable rate during the forecast period.
In addition, the advanced research and development facilities, and innovative product developments by the companies are propelling the growth of the physiotherapy equipment industry. Physiotherapy is provided to restore the body functioning, as per the biomechanics and anatomical position of an individual. Physiotherapy includes electrotherapy, exercise therapy, hydrotherapy, and cryotherapy, which helps a patient to recover from medical conditions and improve his health.
On the basis of product, the physiotherapy market can be categorized as equipment and accessories, where equipment leads the market in terms of market size. Equipment is further segmented into ultrasound, continuous passive motion (CPM), hydrotherapy, electrical stimulation, heat therapy, and therapeutic exercises. Cryotherapy is a new technology, which is gaining popularity among athletes. Further, the accessories are segmented as orthoses and other assistive devices, such as wheel chairs and crutches.
On the basis of application, the physiotherapy equipment market can be segmented as musculoskeletal, cardiovascular, pulmonary, neurology, and others. Musculoskeletal leads the market in terms of revenue, due to increasing incidence of injuries and pain in the body. On the basis of end-users, the market can be segmented as hospitals, clinics, and others. Hospitals lead the market in terms of market size, and are expected to grow fastest during the projected period.
Some of the factors driving the growth of the global physiotherapy equipment market are increasing aging population, growing prevalence of neurological, musculoskeletal, and cardiovascular diseases, and up surging adoption of active lifestyle habits. In addition, the growing awareness of patients about physical therapy, and increasing number of injuries and accidents are also fuelling the growth of the global physiotherapy equipment market in the projected period. However, the shortage of skilled personnel, strict regulatory requirements, and alternative services availability, such as acupuncture, are some of the factors restraining the growth of the global physiotherapy equipment. Moreover, the high cost of physiotherapy equipment and lack of reimbursement policies are also inhibiting the growth of the physiotherapy equipment market.
Geographically, North America is likely to dominate the global physiotherapy equipment market in the coming years, due to upsurge in geriatric population and increasing prevalence of cardiovascular and neurological diseases. Asia-Pacific is the fastest growing region in the global physiotherapy equipment market, due to increasing healthcare expenditure, presence of huge pool of patients, intensifying government support, and up surging prevalence of cardiovascular, musculoskeletal, and neurological diseases in the region. Moreover, the physiotherapy equipment market is growing due to increasing awareness among the population, and refining healthcare infrastructure in the emerging countries, such as India and China.
Some of the companies operating in the global physiotherapy equipment market are BTL Industries, Djo Global, Body Sport, HMS Medical Systems, Isokinetics Inc., ENRAF-Nonius B.V., EMS Physio Ltd., Patterson Companies Inc., and Morris Group Internationals.