Rising prevalence of injuries and road accidents are projected to be the important steering factors for the global physiotherapy equipment market growth. Furthermore, unhealthy dietary choices and a stressful lifestyle resulting in pain in the nerves, ligaments, neck, muscles and back and increasing prevalence of Parkinson’s diseases and stroke are likely to steer the global physiotherapy equipment market further.
Cardiovascular and Pulmonary Segment Predicted to Dominate the Market Over the Forecast Period
Application wise, the global physiotherapy equipment market is bifurcated into pediatric, cardiovascular and pulmonary, musculoskeletal, neurology and others. The neurological application further includes diseases, such as spinal cord injuries, stroke, cerebral palsy multiple sclerosis and Parkinson’s disease. The musculoskeletal segment held the largest physiotherapy equipment market share owing to a rise in the number of cases of musculoskeletal disorders. Over 70% of people are diagnosed with lower back pain at some point in their lifetime.
The cardiovascular and pulmonary segment is predicted to exhibit the fastest CAGR over the forecast period owing to a rising occurrence of pulmonary hypertension, heart diseases and chronic obstructive pulmonary disease (COPD). Furthermore, incapability of emerging nations to meet clinical needs, increasing disposable income levels and rising awareness among healthcare professionals and patients are projected to stimulate the global physiotherapy equipment market growth further.
Others segment include disorders related to women health, palliative care and sports. Sport-related conditions include stretching, swelling and tearing of body muscles. As per the data published by the National Athletic Trainers’ Association, over 7,500 athletes are treated for sport-related injuries in the emergency room and over 60% of injuries occur during practice.
Different types of physiotherapy include Continuous Passive Motion (CPM), heat therapy, cryotherapy, hydrotherapy, therapeutic exercise, ultrasound electric stimulation, and others. Ultrasound accounted for the largest global physiotherapy equipment market share and is predicted to dominate the market throughout the forecast period owing to its capability to reduce oedema and swelling and increase the healing rate. Ultrasound therapies are used in conditions like muscle strains, rheumatoid arthritis, joint inflammation, tendonitis, osteoarthritis and ligament sprains.
In 2018, the North America dominated the global physiotherapy equipment market in terms of revenue share due to increased cases of workplace and road accidents, rising geriatric population and population of women suffering from osteoporosis.
Key companies in the market are Patterson Medical Holdings, Inc.; DJO Global; Enraf-Nonius; Kindred Healthcare, Inc.; Select Medical; BTL Industries; Concentra Operating Corporation; US Physical Therapy, Inc.; EMS Physio Ltd.; and Isokinetic, Inc.
Richmar and MedX Health Corp. signed an agreement in March 2019 to manufacture Private Label Laser and Light systems for the U.S. rehabilitation sector. Based on the agreement, MedX will provide SLD cluster, tethered laser, integration board and rehab portable laser, to Richmar.
STORZ MEDICAL AG, In January 2019, received a CE approval for NEUROLITH-a TPS system-for cognitive ability maintenance of Alzheimer’s disease patients The system received CE approval for NEUROLITH for neurological disease treatment in December 2018.
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Global Physiotherapy Equipment Market Segmentation:
o Electrotherapy Equipment
o Ultrasound Equipment
o Exercise Therapy Equipment
o Cryotherapy Equipment
o Combination Therapy Equipment
o Continuous Passive Motion (CPM) Therapy Equipment
o Shockwave Therapy Equipment
o Laser Therapy Equipment
o Traction Therapy Equipment
o Magnetic Therapy Equipment
o Other Physiotherapy Equipment
o Physiotherapy Furniture
o Physiotherapy Tapes and Bandages
• Musculoskeletal Applications
• Neurological Applications
• Cardiovascular and Pulmonary Applications
• Pediatric Applications
• Gynaecological Applications
• Other Applications
• North America
• Asia Pacific
• Rest of the World
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FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global physiotherapy equipment market by product, by application and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe Asia Pacific and the rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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