The growth of physiotherapy equipment market is primarily driven by rapidly growing geriatric population and the subsequent increase in the global prevalence of chronic diseases, and growing incidence of sports injuries, degenerative joint disorders, and cerebrovascular disease.
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 21.1 billion by 2024 from USD 15.1 billion in 2018, at a CAGR of 5.8%.
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?
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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.
Musculoskeletal Application:
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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Europe 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.
Key Players:
The major physiotherapy equipment vendors include DJO Global (US), Performance Health (US), BTL Industries (US), and EMS Physio (UK).
DJO Global (US) is a major leader in the physiotherapy equipment market. It maintains its leadership position in this market through its strong distribution network across the globe and with its business operations in the US, the Asia Pacific, the Middle East and Africa, Germany, Australia, Canada, and Latin America.
