Physical Therapy Equipment Market Overview, Growth Opportunities and Forecast to 2027
Physical Therapy Equipment Market 2022
Physical therapy equipment are the tools used by physiotherapist to cure patients with musculoskeletal disorders. These equipment are used for many applications such as neurological, cardiovascular and pulmonary, gynecological, pediatric, and others.
According to MRFR analysis, the global Physical Therapy Equipment Market is expected to register a CAGR of 6.21% during the forecast period of 2019 to 2025 and is expected to reach USD 19,100 Million by 2025.
The growth of the global Physical Therapy Equipment Market is driven by various factors such as increasing incidences of orthopedic disorders, growing geriatric population, rising number of accidents causing walking impairments, and global prevalence of orthopedic diseases. However, inadequate reimbursement policies for physiotherapy in developing countries are projected to hamper the growth of the global Physical Therapy Equipment Market.
The global Physical Therapy Equipment Market is currently dominated by several market players. The key players are involved in new product launches, getting number of new product approvals and strategic collaborations to strengthen their market positions. For instance, in December 2018, STORZ MEDICAL received the CE approval for NEUROLITH, a new therapy system for the treatment of neurological diseases.
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Major Key Players:
Some of the key players in the global Physical Therapy Equipment Market are DJO Global, Inc. (US), BTL Industries (US), Enraf-Nonius B.V (Europe), Dynatronics Corporation (US), EMS Physio (UK), ITO Co. Ltd (Japan), Mectronic Medicale (Europe), Performance Health (Subsidiary of Madison Dearborn Partners) (US), Whitehall Manufacturing (US), Zimmer Medizinsysteme GmbH (Germany),Colfax Corporation (US), and STORZ MEDICAL (US), among others.
Segment Analysis
The market, based on product, has been divided into equipment and accessories. The equipment segment is likely to be the largest during the review period due to the wide range of applications it offers, such as gynecological, pediatric, cardiovascular & pulmonary, and neurological. The accessories segment is predicted to be the fastest-growing due to the increasing use of physical therapy equipment for the of orthopedic diseases. The global Physical Therapy Equipment Market has been segmented, on the basis of application, into musculoskeletal applications, cardiovascular & pulmonary applications, gynecological applications, neurological applications, and others. The musculoskeletal applications segment is expected to hold the majority share of the market owing to the increasing incidence of musculoskeletal disorders and also increasing geriatric population. The neurological applications segment is expected to be the fastest-growing due to the increase in prevalence of neurological diseases such as strokes and paralytic attacks. The end users of the market are hospitals and clinics, physiotherapy centers, and home care settings. The hospitals and clinics segment is expected to hold the largest share of the market due to the increasing number of hospitals and clinics using physical therapy equipment. The physiotherapy centers segment is expected to be the fastest-growing owing to growing awareness about physical therapy among the population.
Regional Analysis
The physical therapy industry has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to be the largest market owing to the rising per capita healthcare expenditure. The Physical Therapy Equipment Market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European Physical Therapy Equipment Market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Physical Therapy Equipment Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to a large number of patients suffering from neurological diseases and a growing geriatric population, the market in Asia-Pacific is expected to be the fastest-growing. The Physical Therapy Equipment Market in the Middle East & Africa has been divided into the Middle East and Africa.
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