Press release
Physiotherapy Equipment & Accessories Market by 2030
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Physiotherapy, dedicated to enhancing the strength, function, and movement of body parts, relies on an array of equipment such as electric stimulators, cryotherapy devices, traction machines, and laser therapy equipment. The burgeoning market growth is attributed to factors like the rising geriatric population, an upsurge in chronic disease prevalence, sedentary lifestyles leading to increased back injuries, a surge in sports injuries, and ongoing technological advancements. Additionally, emerging economies and the growing demand for home healthcare services are poised to unlock new growth opportunities for the market. However, challenges such as uncertainty in reimbursement frameworks and a shortage of skilled professionals pose temporary impediments.
Market Dynamics and Segmentation
The physiotherapy equipment & accessories market is meticulously segmented based on Product (Equipment and Accessories), Application (Musculoskeletal, Neurology, Pediatrics, Cardiovascular & Pulmonary, Other Applications), and End User (Hospitals & Clinics, Physiotherapy and Rehabilitation Centers, Other End Users), offering a comprehensive analysis at regional and country levels.
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Key Insights:
The Equipment segment is forecasted to witness the highest CAGR during the forecast period, driven by continuous technological innovations in physiotherapy equipment. Smart equipment, complemented by therapy, facilitates data synchronization and storage for subsequent clinical analysis.
The Musculoskeletal segment is poised to register the highest CAGR in 2023, attributed to factors such as an aging population, a surge in sedentary lifestyles, and an increasing number of road accidents.
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Hospitals & Clinics are projected to dominate the market in 2023, holding the largest share in the physiotherapy equipment & accessories market. Post-pandemic, as the population regains accessibility to healthcare services, hospitals have witnessed a surge in visits for regular physiotherapy exercises.
Regional Landscape
In 2023, North America is anticipated to claim the largest share in the physiotherapy equipment & accessories market, closely followed by Europe and Asia-Pacific. North America's dominance is attributed to the presence of key market players, advanced healthcare infrastructure in the U.S. and Canada, and a high adoption rate of advanced technologies. Meanwhile, Asia-Pacific is poised to exhibit the highest CAGR during the forecast period.
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Strategic Developments and Competitive Landscape
The report offers a comprehensive evaluation of the product portfolio, geographic analysis, and key strategic developments between 2020 and 2023. Leading market players, including Enraf-Nonius B.V. (Netherlands), BTL (U.K.), EMS Physio LTD. (U.K.), and others, have demonstrated a commitment to market growth through numerous product launches, partnerships, expansions, and acquisitions.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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