Physiotherapy Equipment Market
Physiotherapy equipment is used by healthcare professionals, mostly physiotherapists, for the assessment, disease treatment, and diagnosis of any kind of physical disabilities. Basically, physiotherapy is a division of rehabilitative health that practices intended workouts and equipment to help patients recover or improve their physical abilities. Physiotherapy equipment plays a major role in better treatment of patients suffering from any type of physical disability. There are various types of physiotherapy equipment available in the market, such as ultrasound equipment, electrotherapy equipment, cryotherapy equipment, etc.
The global physiotherapy equipment market is witnessing notable growth, due to the rising prevalence of chronic diseases like cancer and epilepsy and increasing incidences of sport-related injuries and neurological disorders. With the increasing number of patients suffering from chronic diseases like arthritis, back pain, cancer, etc., the demand for physiotherapy equipment is growing in the market from various end-user industries. This is majorly boosting the growth of the physiotherapy equipment market globally. Additionally, the escalating costs involved in the discovery and development of new physiotherapy equipment is also supporting the physiotherapy equipment market. Moreover, the growing number of physiotherapy-related research conducted in various countries and rising government funding for the discovery and development of new equipment are also propelling the global physiotherapy equipment market growth. However, the dearth of trained professionals and lack of infrastructure facilities may hamper this market’s growth.
The physiotherapy equipment market is fragmented based on product and application. Based on product, the market is segmented into equipment and accessories. The equipment segment is further divided into electrotherapy equipment, ultrasound equipment, exercise therapy equipment, cryotherapy equipment, combination therapy equipment, and others. Based on application, the market is segmented into musculoskeletal, neurological, cardiovascular and pulmonary, pediatric, gynecological, and others.
North America held a major share of the physiotherapy equipment market globally in 2018, due to the huge number of R&D activities in the field of physiotherapy. Additionally, the presence of a large number of multinational healthcare equipment manufacturing companies is also driving this regional market. The European physiotherapy equipment market held the second spot globally, due to the rising government funding and high healthcare investments. The Asia Pacific region is witnessing significant growth rate in the global physiotherapy equipment market due to the high unmet healthcare needs and growing government funding for research activities. Additionally, most of the hospitals and clinics are outsourcing their physiotherapy equipment to various developing countries like China and India, which is further propelling the physiotherapy equipment market growth.
Some of the leading players of the global physiotherapy equipment market are BTL Industries, US Physical Therapy, DJO Global, Enraf-Nonius, Kindred Healthcare, Select Medical, Concentra Operating Corporation, Patterson Medical, EMS Physio, and Isokinetic.
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