Physiotherapy equipment market size worth USD 19,100
New York, U.S., May 11, 2022 (GLOBE NEWSWIRE) — Physiotherapy Equipment Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Physiotherapy Equipment Market Information by End User, Application, Product and Region – Forecast to 2030 »the market is expected to acquire a size of USD 19,100 million by 2030. The report further forecasts that the market is likely to flourish at a healthy CAGR of over 6.50% during the assessment period.
Physiotherapy equipment is designed to help people regain or improve physical abilities. The global physiotherapy equipment market has gained popularity across the globe. The growth of the market is mainly attributed to the launching of a high level of technological improvement in the global market. Also, increasing investment in physiotherapy equipment is another crucial parameter causing an increase in the demand for physiotherapy equipment globally.
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The global physiotherapy equipment market has prominent leaders such as:
- STORZ MEDICAL (USA)
- Enraf-NoniUS BV (Europe)
- Zimmer Medizinsysteme GmbH (Germany)
- Dynatronics Corporation (USA)
- Whitehall Manufacturing (USA)
- DJO Global, Inc. (USA)
- Colfax Corporation (USA)
- BTL Industries (USA)
- Performance Health (subsidiary of Madison Dearborn Partners) (United States)
- Mectronic Medical (Europe)
- ITO Co. Ltd (Japan)
- EMS Physio (UK)
Covered USP market
The global physiotherapy equipment market has witnessed tremendous growth over the past few years. The growth of the market is mainly attributed to the increasing prevalence of orthopedic disorders across the world. Furthermore, the rising incidence of sports injuries is another major aspect that is likely to catalyze the growth of the market across the globe. In addition, factors such as the growth of research and development activities in the field of physiotherapy, the growing support from private and public companies, the growing awareness of physiotherapy equipment, the increasing incidence of accidents in the road and a growing geriatric population are likely to drive the growth of the market in the coming years.
Growing government programs are likely to provide lucrative opportunities for gamers around the world as they encourage the use of rehabilitation equipment. Furthermore, continuous efforts of manufacturers and key players are another potential aspect predicted to increase the number of new entrants in the market.
Although several aspects are propelling the growth of the physiotherapy equipment market, some factors may limit the market growth. Unsatisfactory reimbursement policies for physiotherapy and lack of trained and qualified personnel are some of the major aspects expected to hinder the growth of the market.
Browse the In-Depth (100 Pages) Physiotherapy Equipment Market Research Report: https://www.marketresearchfuture.com/reports/physical-therapy-equipment-market-8375
Impact of COVID-19
The global COVID-19 pandemic has had a major impact on the majority of market sectors across the globe. The physiotherapy equipment market is also one of them. Norms and regulations imposed by several governments around the world, such as social distancing or travel bans to curb the spread of disease, have resulted in bans and limitations on several medical and surgical procedures, which has had a direct impact on the growth of the physiotherapy equipment market.
Therefore, the Physiotherapy Equipment Market analysis report by MRFR indicates that the major players in the global market have implemented the appropriate solutions.
The global physiotherapy equipment market has been fragmented into various segments based on end-user, application, product, and region.
On the basis of product, the global physiotherapy equipment market is divided into equipment and accessories. Of the two, the equipment segment is expected to generate the largest share of revenue over the assessment period. The growth of the segment is mainly attributed to offering a wide range of applications. The Equipment segment includes such types as traction therapy equipment, laser therapy equipment, cryotherapy equipment, ultrasound equipment, continuous passive motion (CPM) therapy equipment, magnetic therapy equipment, combination therapy equipment, shock wave therapy equipment, electrotherapy equipment, exercise therapy equipment and others.
Based on application, the physiotherapy equipment market is divided into pediatric applications, cardiovascular and pulmonary applications, neurological applications, gynecological applications, musculoskeletal applications, and others. Overall, the musculoskeletal applications segment is expected to dominate the global market over the assessment period. The growth of the segment is attributed to the increasing incidence of musculoskeletal disorders and the growth of the elderly population.
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Based on end users, the global physiotherapy equipment market is divided into home care facilities, hospitals & clinics, physiotherapy centers, etc. Overall, the hospital and clinic segment is expected to secure the top spot in the global market during the valuation era. The growth of the segment is mainly attributed to the large pool of patients in the hospitals and the advanced physiotherapy facilities that meet the demands of the patients. Furthermore, rising awareness of new physical therapies among people is another major aspect causing acceleration in the growth of the segment.
The global physiotherapy equipment market is studied in five major regions: North America, Latin America, Europe, Asia-Pacific, Middle East & Africa.
According to the MRFR analysis, the North American region is expected to secure the leading position in the global physiotherapy equipment market during the assessment period. The growth of the regional market is mainly attributed to the presence of prominent players in the region.
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The physiotherapy equipment market for the European region is expected to hold the second position in the global market over the forecasted period.
The Asia-Pacific regional physiotherapy equipment market is expected to register the highest growth rate over the forecasted period.
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