Press release
Physiotherapy Market is poised to reach USD 25403.64 million by 2023, at a CAGR of 6.90% during the forecast period| Major Vendors - PATTERSON MEDICAL, DJO GLOBAL, ENRAF-NONIUS, BTL INDUSTRIES, EMS PHYSIO, ISOKINETIC Inc., amongst others
Market Analysis:Asia Pacific to Report Fastest Growth
Asia Pacific has been projected to register the fastest growth among all the regional markets due to rising geriatric population and substantial percentage of neurological diseases China and Japan which are likely to fuel the demand for physiotherapy equipment market. North America will continue to dominate the market for physiotherapy equipment.
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Rising numbers of cardiovascular and neurological disorders is booming the physiotherapy equipment market. The global physiotherapy equipment market has witnessed an impressive growth in the recent times. The increasing incidences of the cardiovascular as well as neurological disorders has stimulated the demand for physiotherapy equipment across the world. Some of the factors such as the rising prevalence of cardiovascular, musculoskeletal, and neurological diseases coupled with the increasing elderly population enable this market to grow at a rate of more than 6% by 2019. However the rising incidences of the cardiovascular and neurological disorders is expected to further fuel the growth of physiotherapy market in the forecasted period. Hence, the rapid increase in the aging population, growing number of the sports injuries, increasing obesity among people, and growing awareness regarding the therapeutic application of physiotherapy are also adding to the growth of this market significantly.
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Market Segments
Physiotherapy Market is segmented by:
1. EQUIPMENT: HYDROTHERAPY, ELECTROTHERAPY, HEAT AND COLD THERAPY, CONTINOUS PASSIVE MOTION UNITS, MULTI-EXERCISE THERAPY UNIT, SUSPENSION AND TRACTION AIDS, ULTRASOUND, LASER THERAPY UNITS, OTHERS
2. ACCESSORIES: ORTHOSES, OTHER ASSISTIVE DEVICES
3. APPLICATION: CARDIOVASCULAR AND PULMONARY, NEUROLOGICAL, ORTHOPEDIC, SPORTS
4. END-USERS: HOSPITALS, REHABILITATION CENTERS/CLINICS, HOMES
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• April, 2017: Dynatronics Completes Acquisition of Hausmann Industries, a manufacturer of branded, high quality physical therapy and athletic training products.
• August, 2016: Patterson Medical has acquired Performance Health.
• November, 2017: DJO Global Launches New UltraSling Quadrant Shoulder Orthosis.
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