Global Physiotherapy Equipment Market size is projected to be valued $28 Billion by 2024; with a CAGR of 7% from 2017 to 2025. Physiotherapy is a popular pain-relieving procedure that helps in restoring body functions and movement. It improves lifespan of the person by means of mechanical force and movement therapy. The treatment of physiotherapy comprises different equipment such as laser therapy equipment, ultrasound machines, electrotherapy equipment, magnetotherapy equipment, and shockwave therapy for cure of body pain, post-surgical recovery, or any other type of discomfort.
The growing geriatric population base suffering from functional disabilities is one of the major reason that drive the growth of the global physiotherapy equipment market. Moreover, increasing healthcare reforms, novel technological advancements, rising number of the physiotherapy clinics, growing occurrences of cardiovascular and neurological disorders also boost the growth of the market. However, high maintenance charge of the equipment and lack of skilled professionals may hinder the growth of the market. Furthermore, increasing healthcare awareness in emerging markets and advancements in equipment technology such as, implanted devices, robotic assisted systems, exoskeletons, and interactive video systems would provide new business opportunities for the market.
The global physiotherapy market has been segmented on the basis of product, application, end-user, and geography. By product type, the market is categorized into equipment (hydrotherapy, cryotherapy, continuous passive motion (CPM), electric stimulation, heat therapy, therapeutic exercises, ultrasound and others) and accessories (orthoses and others). Application is sub-segmented into musculoskeletal, neurology, cardiovascular and pulmonary, pediatric and others. Furthermore, end-user is categories into hospitals, clinics and others.
By geography, the global physiotherapy equipment market has been categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers Germany, UK, France, Italy, and others. Asia-Pacific covers India, Japan, China, South Korea, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the global physiotherapy equipment market include Whitehall Manufacturing Inc., EMS Physio Ltd., BTL Industries, Inc., Isokinetics, Inc., Algeo Limited, DJO Global, Inc., Dynatronics Corporation, Inc., Enraf-Nonius B.V., Patterson Companies Inc., and HMS Medical System, among others.
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Scope of the Global Physiotherapy Equipment Market