Physiotherapy Equipment Market Segment Is Expected To Register The Fastest Growth In The Forecast Period
Physiotherapy Equipment Industry Overview
The global physiotherapy equipment market size was valued at USD 19.1 billion in 2021. It is expected to expand a compound annual growth rate (CAGR) of around 6.69% from 2022 to 2030. Increasing cases of road accidents and injuries and the rising number of rehabilitation centers are expected to drive the demand for physiotherapy devices.
Improper eating habits and a stressful lifestyle that result in discomfort in the ligaments, nerves, muscles, back, and neck, as well as a growing prevalence of stroke and Parkinson's disease, are expected to fuel the market. Due to the added benefits of physical therapy, physicians have begun prescribing it to patients, which has resulted in an increase in demand for physical therapy equipment.
Physiotherapy, alternatively referred to as physical therapy, is a type of treatment used to improve and restore appropriate body function. It utilizes a variety of technology and methods to help patients maintain their health and recover quickly from medical issues. These treatments are usually longer in duration and are performed in outpatient clinics. On the other hand, inpatient rehabilitation treatments are often reserved for patients who are being observed following surgery.
Gather more insights about the market drivers, restrains and growth of the Global Physiotherapy Equipment market
An aging population and the increasing prevalence of cardiovascular, neurological, and musculoskeletal diseases are likely to propel market growth, not only in established economies but also in emerging economies such as India and China. According to the WHO's National Institute on Aging, the incidence of dementia and neurodegenerative illnesses is anticipated to increase significantly (by 25%–30%). Dementia eventually results in the impairment of thinking and speech-motor abilities. The majority of these patients eventually require continual care, monitoring, and assistance, which can be decreased by the use of physiotherapy equipment.
Asia and Europe have the world’s highest proportion of the elderly population and are estimated to remain the same for at least the next 50 years. Many countries are working either individually or in collaboration to address age-related cost & care challenges and prevent & control chronic diseases. Chronic diseases such as asthma, diabetes, COPD, and arthritis are the leading causes of mortality globally and represent 63% of all deaths. Cardiovascular diseases and diabetes are extremely prevalent in the Middle East & Africa as well as Asia. In general, the older population has a greater risk of developing disabilities as compared to others. With the increase in the geriatric population, the demand for rehabilitation and physical therapy is expected to grow rapidly in the coming years.
The International Osteoporosis Foundation predicted in 2019 that by 2025, Europe's population with osteoporosis might reach 33.9 million, up 23% from 26.5 million in 2010. Additionally, the study indicated that by 2050, Asia is expected to account for more than half of all osteoporotic hip fractures. Thus, as orthopedic diseases become more prevalent, demand for rehabilitation treatments increases. Additionally, neurological disorders account for a sizable portion of global morbidity and mortality, with stroke being the leading cause of death.
Browse through Grand View Research's Medical Devices Industry Research Reports.
- Medical Device Regulatory Affairs Market - The global medical device regulatory affairs market was valued at USD 5.6 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.1% from 2023 to 2030.
- Medical Spa Market - The global medical spa market size was valued at USD 16.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.97% from 2023 to 2030.
Physiotherapy Equipment Market Segmentation
Grand View Research has segmented the global physiotherapy equipment market based on application, type, demographics, end use, and region:
Physiotherapy Equipment Application Outlook(Revenue, USD Million, 2016 - 2030)
- Neurology
- Stroke
- Spinal Cord Injuries
- Parkinson’s Disease
- Multiple Sclerosis
- Cerebral Palsy
- Others
- Musculoskeletal
- Pediatrics
- Cardiovascular & Pulmonary
- Others
Physiotherapy Equipment Type Outlook (Revenue, USD Million, 2016 - 2030)
- Hydrotherapy
- Cryotherapy
- Continuous Passive Motion (CPM)
- Ultrasound
- Electric Stimulation
- Heat Therapy
- Therapeutic Exercise
- Others
Physiotherapy Equipment Demographics Outlook (Revenue, USD Million, 2016 - 2030)
- Geriatric Population
- Non-geriatric Population
Physiotherapy Equipment End-use Outlook (Revenue, USD Million, 2016 - 2030)
- Hospitals & Clinics
- Rehabilitation Centers
- Others
Physiotherapy Equipment Regional Outlook (Revenue, USD Million, 2016 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- February 2019: DJO Global, Inc. was acquired by Colfax for USD 3.15 billion. This acquisition helped Colfax to widen its product portfolio in the company’s orthopedic segment.
- May 2019: Athletico acquired Maximum Impact Physical Therapy (MIPT), which operates clinics offering occupational therapy, physical therapy, and other specialized therapy services.
Key Companies profiled:
Some of the prominent players in the global physiotherapy equipment market include:
- BTL
- EMS Physio Ltd.
- Dynatronics Corporation
- RICHMAR
- Performance Health
- Storz Medical AG
- Zimmer MedizinSysteme GmbH
- ITO Co., Ltd.
- Enraf-Nonius B.V.
- Whitehall Manufacturing
Order a free sample PDF of the Physiotherapy Equipment Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Comments
Post a Comment