Global Physiotherapy Equipment Market multiply at a CAGR of 6.9% during the forecast period of 2017 to 2022 to reach a valuation of US$23,750.9 mn by the end of 2022 Revenue-wise, the opportunities

Press Release – 09 Jan 2019
Research and Development News --
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Latest Update "Global Market Study on Physiotherapy Equipment: Musculoskeletal Application to Hold High Revenue Share During the Forecast Period 2017 - 2022" with Industries Survey | Global Current Growth and Future.
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A newly compiled business publication at the headquarters of Persistence Market Research (PMR) has detected that the shares in the global physiotherapy equipment market is primarily consolidated among a small pool of prominent players who have a presence in several countries. Companies such as Enraf-Nonius B.V, DJO Global, EMS Physio Ltd., Dynatronics Corporation, A. Algeo Limited, HMS Medical Systems, and BTL Industries, Inc. are the major players in the global physiotherapy equipment market. In terms of product offerings, Enraf-Nonius B.V. and BTL Industries, Inc. are ahead of the curve, offering physiotherapy equipment in over 50 countries.
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“Global Physiotherapy Equipment Market to Reach US$ 23.0 Bn by 2025”

As per the projections of this report, the demand in the global physiotherapy equipment market will multiply at a CAGR of 6.9% during the forecast period of 2017 to 2022. Revenue-wise, the opportunities in the global physiotherapy equipment market is estimated to reach a valuation of US$23,750.9 mn by the end of 2022.

Based on product type, the analyst of the PMR report has segmented the physiotherapy equipment market into equipment, accessories, and others. While the equipment segment has been further sub-segmented into continuous passive motion, hydrotherapy, electric stimulation, cryotherapy, heat therapy, ultrasound, and therapeutic exercises, the accessories have been divided into orthoses and others. End user bifurcation of the market has been done into clinics, hospitals, and others. Application-wise, the market for physiotherapy equipment has been categorized into musculoskeletal, cardiovascular and pulmonary, neurology, and pediatrics. Geographically, North America has been highlighted as the region with maximum opportunities, although vastly populated emerging economies of India and China are expected to turn Asia Pacific into a highly lucrative region towards the end of the forecast period.
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On the basis of product type, the physiotherapy equipment market has been segmented into equipment, accessories, and others. The equipment segment has been further bifurcated into hydrotherapy, continuous passive motion, electric stimulation, heat therapy, cryotherapy, ultrasound, and therapeutic exercises. Moreover, the accessories segment has been sub-segmented into orthoses and others. As of 2017, the equipment sub-segments collaboratively provided for a revenue of US$11,183.7 mn, although the accessories are expected to gain newer demands at a slightly stronger CAGR.

“Musculoskeletal to Emerge as a Key Application Segment”

End user classification of the physiotherapy equipment market has been done into hospitals, clinics, and others. By the end of 2022, the hospitals segment is projected to provide for a demand worth of US$16,449.7 mn. Owing to the significant cost of these tools, most of the patients prefer to visit multispecialty hospitals or specialized clinics for the procedures. Based on application, the physiotherapy equipment market has been divided into musculoskeletal, cardiovascular and pulmonary, neurology, and pediatrics. Among these, the musculoskeletal segment is most profitable in terms of value, promising to offer opportunities worth US$9,126.1 mn by the end of 2022. The segments of neurology and cardiovascular and pulmonary are also poised for impressive growth over the course of the forecast period.

“North America and Europe Highly Profitable Regional Markets”

Geographically, North America has been identified as most lucrative region, followed by Europe. These two regions have better healthcare infrastructure than the rest of the world and most of the pioneering companies hail from constituting countries. However, Asia Pacific has also been highlighted as a region with proliferating demand, which is a reflection of vast populations residing in the emerging economies of China and India. By the end of 2022, the North America physiotherapy equipment market is estimated to be worth US$1,387.7 mn.

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