Physiotherapy Equipment Market is experiencing significant growth
due to factors such as the rapidly growing ageing population and the subsequent increase
in the global prevalence of chronic diseases are the major factors driving the
growth of the physiotherapy equipment market. In addition, the growing
incidence of sports injuries, degenerative joint disorders, and cerebrovascular
disease will also contribute to market growth in the coming years.
This study involved four major activities for estimating the current size of
the global physiotherapy equipment market. Exhaustive secondary research was conducted to collect
information on the market as well as its peer and parent markets. The next step
focused on validating these findings, assumptions, and sizing with industry
experts across the value chain through primary research. Both the top-down and
bottom-up approaches were employed to estimate the complete market size. After
that, market breakdown and data triangulation were used to estimate the sizes
of segments and sub-segments.
[181 Pages Report] The global physiotherapy equipment market size is
expected to reach USD 21.7 billion by 2025 from an estimated value of USD 16.6
billion in 2020, growing at a CAGR of 5.6%.
Market Size Estimation:
The market size and market growth were estimated through primary interviews
on a regional and global level. All responses were collated, and a weighted
average was taken to derive a probabilistic estimate of the market size and
growth rate.
The size of the global physiotherapy equipment market was obtained from annual
reports, SEC filings, online publications, and extensive primary interviews. A
percentage split was applied to arrive at the size of market segments. Further
splits were applied to arrive at the size for each sub-segment. These
percentage splits were validated by primary participants. The country-level
market sizes obtained from the annual reports, SEC filings, online
publications, and extensive primary interviews were added up to reach the total
market size for regions.
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Recent Developments in Global Physiotherapy Industry:
1. In 2019,
Colfax Corporation (US) acquired DJO Global (US). Through the acquisition
Colfax Corporation will provide physical therapy and orthopedic products under
the DJO brand.
2. In July 2018, Mectronic Medicale (Italy) launched Doctor Tecar XP, an
electromagnetic tecar therapy stimulator.
3. In April 2018, DJO Global (US) entered into a strategic partnership with XPO
Logistics (US) to manage portions of DJO’s North American distribution
operations. Under this partnership, DJO opened a state-of-the-art distribution
center in Dallas–Fort Worth, Texas, which is being managed by XPO.
4. In February 2018, EMS Physio Ltd. (UK) launched NeuroTrac PelviTone
Dual-channel Stimulator.
Key Questions Answered in Research Report:
1. Which segment will dominate the physiotherapy equipment industry in the
future?
2. Which end-user segment will dominate the physiotherapy equipment in the
future?
3. Emerging countries offer immense opportunities for the growth and adoption
of physiotherapy equipment; will this scenario continue in the coming five
years?
4. Where will all the advancements in technology offered by various companies
take the industry in the mid- to long-term?
5. What are the upcoming products in the physiotherapy equipment market?
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Key Players:
The leading players in
this market include DJO Global (US), BTL Industries Inc. (US), Performance
Health (US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics
Corporation (US), Mectronic Medicale (Italy), EMS Physio Ltd. (UK), Whitehall
Manufacturing (US), Zimmer MedizinSysteme GmbH (Germany), Zinex Inc. (US),
STORZ Medical AG (Swotzerland), Life Care Systems (India), and Mettler
Electronics Corp. (US).
