Physiotherapy Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3411
Physiotherapy equipment market size is expected to grow significantly from 2019 to 2025.
Physiotherapy equipment market is estimated to witness lucrative growth over the coming years owing to increasing prevalence of neurological and cardiovascular disease across the world. Rising number of road accidents resulting in physical disabilities along with increasing cases of sports injuries and cerebrovascular conditions will favor business growth. Rapidly growing geriatric population base susceptible to degenerative joint disorders due to ageing will further stimulate the physiotherapy equipment market over the forecast timeframe.
Moreover, physiotherapy has undergone notable changes over the last few decades due to technological advancements in these equipment. Advent in technology has led to development of innovative and advanced equipment to support patient care. Availability of advanced physiotherapy equipment such as PTGenie and YuGo Microsoft Kinect-based physical therapy system will fuel business growth. In addition, rising demand for rehabilitation after chemotherapy, surgeries and other radiation therapies will positively impact industry growth. However, lack of reimbursement policies and high cost of physiotherapy equipment may impede business growth during the forecast period.
Electrotherapy equipment segment accounted for significant revenue share in 2018 and is estimated to follow similar trend during the forecast period. Rising adoption of electrical stimulation-based techniques in rehabilitation is the prime factor driving segment growth. Technological advancement in electrotherapy equipment will surge the demand for sympathetic therapy, peroneal nerve stimulation and auricular stimulation (P-stim) thereby, fostering segment growth.
Musculoskeletal segment will witness lucrative growth during the forecast period. Increasing prevalence of musculoskeletal disorders due to lifestyle diseases and rapidly ageing population will positively impact segment growth during the forecast period. Growing demand for physiotherapy in musculoskeletal diseases to improve muscle strength, flexibility, ease of movement, co-ordination, range of motion, and control of movement will surge segment growth.
Rehabilitation centers segment should witness robust growth during the forthcoming years owing to increasing patient preference and availability of advanced physiotherapy equipment in these centers. Benefits offered by rehabilitation centers such as secure atmosphere, counselling, privacy and aftercare should positively foster market growth over the forecast timeline.
Asia Pacific physiotherapy equipment market held massive revenue share in 2018 and is estimated to witness similar trend throughout the analysis period. Presence of large patient pool in the region, increasing healthcare expenditure and rising government support will positively impact industry expansion. Moreover, healthcare reforms in countries such as China as well as penetration of physiotherapy services will further drive the regional growth.
Some of the major players operating in physiotherapy equipment industry include Algeos, Bio-Med, BTL, DJO Global, Dynatronics, EMS Physio, Enraf-NoniUS B.V, ITO, Mectronic Medicale, Performance Health , Whitehall Manufacturing, Zimmer MedizinSysteme. Market players are adopting strategies such as novel product launch, partnerships and acquisitions to garner higher market share and sustain market competition. For instance, in February 2019, Colfax acquired DJO Global, Inc. to broaden its orthopedic product portfolio and gain more revenue share.
Physiotherapy Equipment Market By Type, 2014-2025 (USD Million)
- Ultrasound therapy
- Exercise therapy
- Combination therapy
- Continuous Passive Motion (CPM) therapy
- Shockwave therapy
- Laser therapy
- Magnetic therapy
- Vacuum therapy
- Physiotherapy furniture
- Physiotherapy tapes and bandages
Physiotherapy Equipment Market By Application, 2014-2025 (USD Million)
- Cardiovascular & pulmonary
- Palliative care
Physiotherapy Equipment Market By End-use, 2014-2025 (USD Million)
- Hospitals & clinics
- Rehabilitation centers
- Homecare settings
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Algeo Limited
- Bio-Med Inc
- DJO Global
- Dynatronics Corporation
- EMS Physio Ltd
- Enraf-NoniUS B.V
- ITO Co. Ltd
- Mectronic Medicale
- Performance Health
- Whitehall Manufacturing
- Zimmer MedizinSysteme
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