Press release
Global Physiotherapy Equipment Market Benefits from Increasing Geriatric Population Susceptible to Injuries
High Incidence of Lifestyle Diseases, Sports Injuries Necessitates Physiotherapy for Recuperation
Currently, the global physiotherapy equipment market is exhibiting a positive growth rate due to several reasons. Increasing prevalence of neurological and cardiovascular diseases, the increasing geriatric population that is susceptible to falls and slips, increased participation in sports events leading to high incidence of sports injuries, and generally high awareness about the therapeutic use of physical therapy are some of the reasons for this. However, lack of reimbursement provisions for physical therapy equipment applications, which includes rehabilitation as well, is hampering the market’s growth.
The global market for physiotherapy equipment will rise at a CAGR of 6.8% from 2015 to 2022, increasing the market’s valuation of US$15 bn in 2015 to US$23.7 bn by 2022.
North America Dominates Physiotherapy Equipment Market due to High Awareness about Restorative Medicine
Among the regional segments of this market, North America is ahead of all other regions due to the presence of a sizeable geriatric population and a consistent rise in number of individuals suffering from cardiopulmonary and neurological diseases. In this region, state-run programs for the availability of these services to a large population are bolstering the growth of this market in North America. In the 2015-2022 period, the North America physiotherapy equipment market will expand at a CAGR of 6.9%, expanding from its 2015 valuation of US$6 bn to US$9.6 bn by 2022.
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In the coming years, the physiotherapy equipment market in Europe will display steadfast growth. The region is host to some of the world’s most high-profile sporting events on a regular basis, which leads to a high number of sports injuries. The large geriatric population and increasing prevalence of cardiopulmonary diseases in the region are also contributing to the market’s development.
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Asia will emerge as the fastest growing market for physiotherapy equipment in the near future. The increasing geriatric population and presence of a large patient pool of individuals suffering from neurological diseases in China and Japan are the primary reasons for the significant growth prospects of this regional market.
Product, end use, and application are the other criteria based on which the global physiotherapy equipment market is divided. Equipment and accessories are the product segments of the market; hydrotherapy, continuous passive motion (CPM), heat therapy, ultrasound, cryotherapy, electric stimulation, therapeutic exercises, and others are the sub-segments of the equipment segment, whereas orthoses and other assistive devices are the accessories sub-segments.
By application, musculoskeletal, cardiovascular and pulmonary, neurology, pediatric, and others are the segments of the physiotherapy equipment market.
Some prominent companies that operate in the global physiotherapy equipment market are Enraf-Nonius B.V., EMS Physio Ltd., A.Algeo Limited, BTL Industries, DJO Global, Dynatronics Corporation, and HMS Medical Systems. Some other players that have a presence in this market are Isokinetics Inc., Whitehall Manufacturing, and Patterson Companies Inc.
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