Global physiotherapy devices market expected to generate revenue of around USD 2749.4 million by end of 2024, growing at a CAGR of around 6.5% between 2018 and 2024. Physiotherapy is a physical treatment provided to people and patients to build up, restore, maintain and continue the maximum movement, flexibility and functioning ability during their lifespan.
The report covers forecast and analysis for the physiotherapy devices market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the physiotherapy devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the physiotherapy devices market on a global level.
In order to give the users of this report a comprehensive view of the physiotherapy devices market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type and technology segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.
The study provides a decisive view of the physiotherapy devices market by segmenting the market based on product, applications, end-users, and regions. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. The global physiotherapy devices market is classified by product, application, end-users, and by region. Based on the product, the physiotherapy devices market is categorized into equipment and accessories. The equipment segment is further sub-segmented into hydrotherapy, electrotherapy, heat therapy, cryotherapy, ultrasound, continuous passive motion (CPM), laser therapy, and others. The accessories segment is bifurcated into orthoses and assistive devices in the global physiotherapy devices market. On the basis of applications the physiotherapy devices market is classified into musculoskeletal, neurology, cardiovascular, and other. Based on end-user, the market is classified into hospitals, physiotherapy clinic, rehabilitation center, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further categorization into major countries. This segmentation includes demand for physiotherapy devices market based on individual product, application, and end-user in all the regions and countries.
Some of the key players in the physiotherapy devices market include Patterson Medical, Zynex Medical Inc., BTL Industries, Dynatronics Corporation, Life Care Systems, A. Alego Limited, DJO Global, EMS Physio Ltd., Enraf-Nonius, HMS Medicals Systems, and others.
This report segments the global physiotherapy devices market as follows:
Global Physiotherapy Devices Market: Product Segment Analysis
Global Physiotherapy Devices Market: Application Segment Analysis
Global Physiotherapy Devices Market: End-User Segment Analysis
Global Physiotherapy Devices Market: Regional Segment Analysis
Physiotherapy is an essential segment of the health and welfare delivery system. Physiotherapy is practiced independently than other healthcare services. It helps to prevent the loss and disorder of movements in patients suffering from growing incidence of musculoskeletal, neurological disabilities, injuries, pain, and other disorders as well. Increasing prevalence of chronic diseases such as cardiovascular, neurological, pulmonary, along with escalating health concerns is expected to propel the market for physiotherapy devices market. Moreover, the growing incidence rate of injuries and the availability of medical reimbursements for physiotherapy devices will help to enhance the market growth in developed and developing nations.
Increasing prevalence of stroke, epilepsy, and Parkinsonism are expected to fuel the demand of physiotherapy devices market growth during the forecast period. According to the National Institute of Neurological Disorders and Stroke (NINDS), about 50 million Americans are suffering owing to these disorders & economic costs burden which is increasing due to medical expenses in the healthcare sector coupled with the loss of productivity. Rising prevalence of paralysis and increasing geriatric population will prominently boost the market growth during the forecast period
The market for physiotherapy devices is segmented on the basis of product into equipment and accessories. The accessories segment is anticipated to grow at a significant CAGR owing to increasing use of accessories like orthotics and increasing preference for home healthcare. Whereas, the equipment segment by product type dominates the global physiotherapy devices market. The equipment segment is further sub-segmented into hydrotherapy, electrotherapy, heat therapy, cryotherapy, ultrasound, continuous passive motion (CPM), laser therapy, and others. The accessories segment is bifurcated into orthoses and assistive devices in the global physiotherapy devices market. Based on applications, the physiotherapy devices market is classified into cardiovascular, musculoskeletal, neurology, and others. Based on end–user, the market is classified into ambulatory surgical centers & hospitals and surgical centers.
Regionally, North America holds the largest market share of the physiotherapy devices owing to the high adoption of advanced physiotherapy equipment, developed healthcare infrastructure, and huge acceptance for physical treatments with other medical treatments will be promoting growth of the market in this region. Followed by which is the European market which is expected to gain a substantial market share in the forecast period, owing to high geriatric population coupled with high rate of cardiovascular and neurological diseases in the region. Asia Pacific region is anticipated to register a highest CAGR during the forecast period, due to rising awareness regarding physiotherapy treatments, increased road accidents, and prevalence of stroke & Parkinson’s disease.
Some of the key players in physiotherapy devices market include Patterson Medical, Zynex Medical Inc., BTL Industries, Dynatronics Corporation, Life Care Systems, A. Alego Limited, DJO Global, EMS Physio Ltd., Enraf-Nonius, HMS Medicals Systems.
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