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Global Physiotherapy Equipment Market 2023: Musculoskeletal Application to Hold High Revenue Share During the Forecast Period | PMR Study

01-18-2023 07:25 AM CET | Health & Medicine

Press release from: Persistence Market Research

Global Physiotherapy Equipment Market 2023: Musculoskeletal

The physiotherapy equipment market refers to the market for equipment used in physiotherapy, a form of physical therapy that uses exercises, manual techniques, and modalities such as heat, cold, and electricity to help patients recover from injuries and illnesses. This equipment is used to help patients regain strength, mobility, and function, and can include items such as exercise equipment, traction equipment, ultrasound equipment, and electrotherapy equipment.

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The global physiotherapy equipment market is expected to grow at a significant rate during the forecast period, driven by factors such as an increasing aging population, a rise in chronic conditions such as obesity and diabetes, and a growing awareness of the benefits of physiotherapy.

The market is segmented based on product, application, and end-user. On the basis of product, the market is segmented into exercise equipment, electrotherapy equipment, ultrasound equipment, and others. On the basis of application, the market is segmented into musculoskeletal disorders, neurological disorders, and others. On the basis of end-user, the market is segmented into hospitals, clinics, and home care settings.

 Companies

Enraf-Nonius B.V.
DJO Global.
EMS Physio Ltd.
Dynatronics Corporation.
Algeo Limited.
BTL Industries, Inc.
HMS Medical Systems.
Whitehall Manufacturing.
PattersonCompanies, Inc.
Isokinetics, Inc.

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The major players operating in the physiotherapy equipment market include BTL Industries, DJO Global, Inc., Enraf-Nonius, Hocoma AG, Isokinetic Medical Group, Kinetic Revolution, Medtronic, Natus Medical Incorporated, and others. These players have adopted various strategies, such as partnerships, collaborations, and new product launches, to increase their share in the market.

In conclusion, the global physiotherapy equipment market is expected to grow at a significant rate during the forecast period, driven by factors such as an increasing aging population, a rise in chronic conditions such as obesity and diabetes, and a growing awareness of the benefits of physiotherapy. The major players operating in the market are focusing on strategies such as partnerships, collaborations, and new product launches to increase their share in the market.

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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- Table of Content -

Chapter 1. Preface 12

    1.1. Report Description 12

    1.2. Research Methodology 13

    1.3. Assumptions 13

Chapter 2. Market Synopsis 14

Chapter 3. Porter's Five Forces Analysis 15

    3.1. Bargaining Power of Suppliers 15

    3.2. Bargaining Power of Buyers 16

    3.3. Threat of New Entrants 16

    3.4. Threat of Substitutes 17

    3.5. Intensity of Rivalry 17

Chapter 4. Industry Overview 18

    4.1. Market Definition 18

    4.2. Market Drivers 19

        4.2.1. Increasing prevalence of cardiovascular and neurological diseases 19

        4.2.2. Rising aging population 20

        4.2.3. High incidence of sport injuries 21

        4.2.4. Rising awareness about therapeutic applications of physical therapy 21

        4.2.5. Growing prevalence of obesity 22

    4.3. Impact Analysis of Market Drivers 24

    4.4. Market Restraints 25

        4.4.1. Inadequate reimbursement policies 25

    4.5. Impact Analysis of Market Restraints 25

    4.6. Market Trends 26

        4.6.1. Rising inclination of consumers towards at-home physiotherapy products 26

Chapter 5. Global Market Size and Forecast 27 

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About Us

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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