Global Physiotherapy Equipment Market Report, published by Variant Market Research, forecast that the global market is expected to reach $27.6 Billion by 2024 from $15.9 Billion in 2016, growing at a CAGR of 7.1% from 2016 to 2024.
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The global physiotherapy equipment market is majorly driven by growing prevalence of cardiovascular and neurological disorders, increasing geriatric population, technological advancements and high number of physiotherapy clinic. Furthermore, increasing awareness among people in emerging economies and technological innovations such as robotic assisted systems, interactive video systems, exoskeletons and others would provide growth opportunities. However, high maintenance costs might hinder the growth of the market over the forecast period.
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The global physiotherapy equipment market is bifurcated into type and geography. Type segment includes hydrotherapy, continuous passive motion (CPM), cryotherapy, electric stimulation, therapeutic exercises, heat therapy, ultrasound and other types. Geographical sub segments are North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia Pacific is anticipated to grow at a fastest CAGR over the forecast period, 2016 -2024. The growth is driven by expansion in healthcare sector, high rate of patients suffering from osteoporosis and increase in the level of health awareness. North America accounted the largest share of the market followed by Europe in the year 2016.
The key players in the global physiotherapy equipment market are Enraf-Nonius B.V., Whitehall Manufacturing Inc., Patterson Companies Inc., EMS Physio Ltd., Isokinetics, Inc., BTL Industries, Inc., Algeo Limited, Dynatronics Corporation, Inc., DJO Global, Inc., and HMS Medical System among others.
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