Global Physiotherapy Equipment Market Report, published by Variant Market Research, forecast that the global market was valued at $15.9 Billion in 2016 and is expected to reach $27.6 Billion by 2024, growing at a CAGR of 7.1% from 2016 to 2024. In geographical segments, Asia Pacific and North America are expected to grow at a CAGR of 8.2% and 7.0%, respectively, during the forecast period 2016-2024.
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Rising base of geriatric population, growing penetration towards physiotherapy services, growing occurrences of neurological & cardiovascular diseases are driving the growth of the global physiotherapy equipment market. Lack of trained professionals, lack of awareness, and high maintenance cost may restrain the market growth. Although, Physiotherapists employ a wide range of equipment’s & tools in order to restore & assimilate patients’ body functioning which will bring new growth opportunities for the global physiotherapy equipment market.
Product, application, end-user, and geography are the major segments of global physiotherapy equipment market. By product type, the market is segmented into equipment (hydrotherapy, cryotherapy, heat therapy, electric stimulation, therapeutic exercises, ultrasound, continuous passive motion (CPM), and others) and accessories (orthoses & others). Among which, equipment segment dominated the market with the largest share in 2016, followed by accessories. Application is divided into neurology, pediatric, musculoskeletal, cardiovascular & pulmonary, and others. Musculoskeletal segment accounted for the highest share and is also expected to dominate the market with fastest CAGR. Besides, end-user is classified into hospitals, clinics and others. Where in the year 2016, hospitals held for the maximum share in the segment and is anticipated to lead with fastest CAGR during the forecast period.
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The key geographical segments of the global physiotherapy equipment market are North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia Pacific is the fastest growing region in the global market, owing to high rate of patients suffering from osteoporosis, improving healthcare sector, and rise in the level of health awareness. While, North America accounted the major share of the market trailed by Europe in the year 2016.
The key players operating in the global physiotherapy equipment market include Whitehall Manufacturing Inc., Patterson Companies Inc., Isokinetics, Inc., Enraf-Nonius B.V., EMS Physio Ltd., Inc., DJO Global, Inc., Dynatronics Corporation, Inc., Algeo Limited, HMS Medical System, and BTL Industries, among others.
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Scope of Physiotherapy Equipment Market
o Continuous Passive Motion (CPM)
o Electric Stimulation
o Heat Therapy
o Therapeutic Exercises
• Cardiovascular and Pulmonary
• North America
o South Korea
o South America
o Middle East
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