Physiotherapy equipment helpprofessionals effectively treat their patients and also help those withinjuries and physically inhibiting conditions and provide at-home physicaltherapy treatment.
Statistics:
The global PhysiotherapyEquipment Market is estimated to account for US$ 20,706.3 Mn in terms ofvalue in 2020 and is expected to reach US$ 33,034.3 Mn by the end of 2027.
Global Physiotherapy EquipmentMarket: Drivers
Increasing prevalence ofneurological diseases is expected to propel growth of the global physiotherapyequipment market over the forecast period. For instance, according to the datafrom Alzheimer's Association, around 5.7 million people in the U.S. weresuffering from Alzheimer’s disease in 2018.
Global Physiotherapy EquipmentMarket: Restraints
Lack of health insurance indeveloping countries such as China and India is expected to hinder growth ofthe global physiotherapy equipment.
Key Takeaways:
The global physiotherapyequipment market was valued at US$ 19,387.9 Mn in 2019 and is forecast to reacha value of US$ 33,034.3 Mn by 2027 at a CAGR of 6.9% between 2020 and 2027.Major factor driving the growth of global physiotherapy equipment market duringthe forecast period include technological advancement, and increasing prevalenceof cardiovascular diseases.
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Equipment held dominant positionin the global physiotherapy equipment market in 2019, accounting for 65.6%share in terms of value, followed by Accessories, respectively. Launches of newphysiotherapy equipments is expected to support growth of the market over theforecast period.
Market Trends
High incidence of sport injuriesis expected to propel growth of the global physiotherapy equipment market overthe forecast period. For instance, according to the National High SchoolSports-Related Injury Surveillance Study 2017-2018, 1,367,490 cases ofsport-related were recorded in high schools in the U.S.
Moreover, rising awareness abouttherapeutic applications of physical therapy is also expected to aid in growthof the market. World Physical Therapy Day is a key campaign led by the by theWorld Confederation for Physical Therapy (WCPT). September 8 is celebrated asWorld Physical Therapy Day. It is a day when various awareness campaigns arelaunched about PTs and their role in maintaining health of patients.
Global Physiotherapy Equipment Market:Competitive Landscape
Major players operating in theglobal physiotherapy equipment market include, Enraf-Nonius B.V., DJO Global,EMS Physio Ltd., Dynatronics Corporation, A. Algeo Limited, BTL Industries,Inc., HMS Medical Systems, Whitehall Manufacturing, Patterson Companies, Inc.,and Isokinetics, Inc.
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Global Physiotherapy EquipmentMarket: Key Developments
Major players operating in theglobal physiotherapy equipment market are focused on offering standard productsto enhance their market share. For instance, in November 2018, Algeos renewedits ISO 9001:2015 and ISO 13485:2016 ISO Quality Standards.
Major players operating in theglobal physiotherapy equipment market are also focused on adopting variousstrategies to enhance their market share. For instance, in February 2018,Dynatronics Corporation announced that PROTEAMTM by Hausmann has renewed itsPlatinum Partnership with PFATS (Professional Football Athletic TrainersSociety), an organization made up of the Athletic Trainers employed by theteams of the National Football League.
Similarly, in January 2019, BTLIndustries, Inc. attended Arab Health 2019 held in Dubai World Trade Centre inDubai, United Arab Emirates.
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