The Global Market for Physiotherapy Equipment is Projected to Reach US$18.3 Billion by 2020

Rapidly Aging World Population Drives the Global Market for Physiotherapy Equipment, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Physiotherapy Equipment market. The global market for Physiotherapy Equipment is projected to reach US$18.3 billion by 2020, driven by the rapidly aging world population and a parallel need to deliver physiotherapy to the elderly as palliative care.  

Physiotherapy equipment is rapidly gaining importance against the backdrop of changing demographics. Age-related changes in the musculoskeletal system and the development of chronic diseases such as osteoarthritis is spurring the need to deliver physiotherapy to the elderly as palliative care.  Also poised to benefit the market is the growing incidence of musculoskeletal diseases among the younger population as a result of drastically changing working patterns, lifestyle and food habits. Physiotherapy devices aid in the rehabilitation of patients suffering from diseases of the musculoskeletal system, connective tissue, nervous system, sense organs, cardiovascular and pulmonary systems. Some of the orthopedic disorders treated by physiotherapy equipment include arthritis, fractures, joint disorders, neck and back pain, amputation, sports injuries, and post-operative conditions. Physiotherapy also plays a vital role in the recovery of patients from the side effects of cancer treatments. Major factors spurring growth in the market include aging population, rising incidence of chronic diseases, growing number of accidents and associated injuries, and increasing awareness about the benefits of physiotherapy and their importance in enhancing quality of life. Future growth in the market will be driven by untapped opportunities and rising spending power in developing nations, technological advances in rehabilitation robotics, and development of exoskeletons, virtual reality and implanted devices. In developed markets, the rapid increase in the number of physiotherapy clinics coupled with the healthcare reforms are helping spur growth.

As stated by the new market research report on Physiotherapy Equipment, the United States represents the largest market worldwide, followed by Europe. Asia-Pacific is forecast to exhibit the fastest CAGR of about 8.4% over the analysis period. A large population base, underserved markets, unmet medical needs in the field of chronic pain management and developing healthcare infrastructure are key factors driving growth in the region. Increasing access to affordable healthcare and rising disposable income are also opening up newer opportunities for growth. Transcutaneous Electrical Nerve Stimulation (TENS) devices are expected to record strong growth in the coming years.

Major players in the market include A. Algeo Limited, Beijing Health East Technology & Development Co. Ltd., Bharat Medical Systems, BTL, Chungwoo Co. Ltd., DJO Global Inc., DPE Medical Ltd., EMS Physio Ltd., Enraf-Nonius B.V., Guangzhou Kepeng Electronics Co. Ltd., India Medico Instruments, Isokinetics Inc., PowerMedic ApS, Patterson Medical Ltd., Shenzhen XFT Electronics Co. Ltd., and Whitehall Manufacturing, among others.

The research report titled “Physiotherapy Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and other strategic industry activities of global companies. The report provides market estimates and projections of revenues for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The global and regional markets are analyzed by Product Types (Physiotherapy Devices and Physiotherapy Equipment Accessories), by Application Areas (Neurology, Pulmonary & Cardiovascular, Musculoskeletal and Other Applications), and by End-Use Segments (Hospitals and Other End-Use Segments).


Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

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  2. eilishbilliepatrickAugust 27, 2021 at 12:54 AM

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