Physiotherapy Equipment Market by Product (Ultrasound Therapy, Electrotherapy, Combination Therapy, Cryotherapy, Exercise Therapy, Continuous Passive Motion Therapy, Laser Therapy, Magnetic Therapy, Traction Therapy, Shockwave Therapy and Accessories), by Application (Musculoskeletal, Neurological, Cardiovascular, Pediatric and Gynecological), by End User (Hospitals, Physiotherapy Clinics) - Analysis and Forecast 2019-2030
Report ID : 102 | Published Date : May 2019 | Pages : 150 | Region : Global | Report Code : MD-53
Physiotherapy Equipment Market Overview and Introduction
Physiotherapy equipment market was estimated to be over US$ 15 Bn in 2018. It is anticipated to grow at a significant CAGR from 2019 to 2030.
Physiotherapy is a treatment that focuses on diagnosing physical abnormalities and helps to restore, maintain and improve the physical strength, mobility and functions. Physiotherapy is provided by trained and licensed healthcare professionals called physiotherapists. Physiotherapists use various types of equipment’s for treating the diseases and disabilities. These equipment’s play an important role in healing and improving the body naturally for injury rehabilitation.
The global physiotherapy equipment market is mainly driven by rising incidence and prevalence of chronic diseases and growing geriatric population. Moreover, increasing road accidents, technological advancements in physiotherapy equipment and rising number of sports injuries have been pivotal in contributing to the extensive growth of this market. However, the absence of trained professionals and lack of awareness regarding various physiotherapy options is likely to restrain the market to a certain extent.
Physiotherapy Equipment Market by Product
On the basis of product, the market is classified into equipment’s and accessories. The equipment’s are further segmented into ultrasound, electrotherapy, combination therapy, cryotherapy, exercise therapy, continuous passive motion therapy, laser therapy, magnetic therapy, traction therapy, shockware therapy and other therapy equipment. The electrotherapy equipment segment is expected to account for the largest share during forecast period owing to the growing acceptance of electric simulation-based techniques. Accessories are further divided into physiotherapy furniture and physiotherapy tapes & bandages. Accessories are anticipated to reflect a slightly stronger CAGR during forecast period.
Physiotherapy Equipment Market by Application
Based on application, the market is categorized into musculoskeletal, neurological, cardiovascular, pediatric, gynecological and other applications. Musculoskeletal applications segment represented the largest share of this market followed by neurological applications segment owing to factors such as increase in the occurrence of musculoskeletal disabilities, rising number of accidents and growth in ageing population.
Physiotherapy Equipment Market by End Users
The end users for this market are hospitals, physiotherapy clinics and others. Hospital segment accounted for the largest share of this market owing to the factors such as large number of patients and various awareness programs conducted by the hospitals depending on the need of patient.
Physiotherapy Equipment Market by Region
The global physiotherapy equipment market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of physiotherapy equipment, followed by Europe and Asia Pacific. North America will continue to dominate the market in the forecast period owing to the factors such as accessibility of trained professionals, increasing number of women affected by osteoporosis and increasing awareness of physiotherapy treatment. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at India, China and Japan. Factors such as larger population pool, presence of untapped opportunities and consistent improvement in healthcare facilities are likely to attract people from different parts of the world.
Physiotherapy Equipment Market by Prominent Players
The prominent players in the physiotherapy equipment market are BTL, Enraf-Nonius B.V., Dynatronics Corporation, EMS Physio Ltd., Ito Co., Ltd., A. Algeo Limited, Zimmer MedizinSysteme GmbH, Whitehall Manufacturing, Mectronic Medicale S.r.l., HMS Medical Systems among others.