Physiotherapy equipment help
professionals effectively treat their patients and also help those with
injuries and physically inhibiting conditions and provide at-home physical
therapy treatment.
Statistics:
The global Physiotherapy
Equipment Market is estimated to account for US$ 20,706.3 Mn in terms of
value in 2020 and is expected to reach US$ 33,034.3 Mn by the end of 2027.
Global Physiotherapy Equipment
Market: Drivers
Increasing prevalence of
neurological diseases is expected to propel growth of the global physiotherapy
equipment market over the forecast period. For instance, according to the data
from Alzheimer's Association, around 5.7 million people in the U.S. were
suffering from Alzheimer’s disease in 2018.
Global Physiotherapy Equipment
Market: Restraints
Lack of health insurance in
developing countries such as China and India is expected to hinder growth of
the global physiotherapy equipment.
Key Takeaways:
The global physiotherapy
equipment market was valued at US$ 19,387.9 Mn in 2019 and is forecast to reach
a 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 during
the forecast period include technological advancement, and increasing prevalence
of cardiovascular diseases.
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Equipment held dominant position
in the global physiotherapy equipment market in 2019, accounting for 65.6%
share in terms of value, followed by Accessories, respectively. Launches of new
physiotherapy equipments is expected to support growth of the market over the
forecast period.
Market Trends
High incidence of sport injuries
is expected to propel growth of the global physiotherapy equipment market over
the forecast period. For instance, according to the National High School
Sports-Related Injury Surveillance Study 2017-2018, 1,367,490 cases of
sport-related were recorded in high schools in the U.S.
Moreover, rising awareness about
therapeutic applications of physical therapy is also expected to aid in growth
of the market. World Physical Therapy Day is a key campaign led by the by the
World Confederation for Physical Therapy (WCPT). September 8 is celebrated as
World Physical Therapy Day. It is a day when various awareness campaigns are
launched about PTs and their role in maintaining health of patients.
Global Physiotherapy Equipment Market:
Competitive Landscape
Major players operating in the
global 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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Report: https://www.coherentmarketinsights.com/market-insight/physiotherapy-equipment-market-2688
Global Physiotherapy Equipment
Market: Key Developments
Major players operating in the
global physiotherapy equipment market are focused on offering standard products
to enhance their market share. For instance, in November 2018, Algeos renewed
its ISO 9001:2015 and ISO 13485:2016 ISO Quality Standards.
Major players operating in the
global physiotherapy equipment market are also focused on adopting various
strategies to enhance their market share. For instance, in February 2018,
Dynatronics Corporation announced that PROTEAMTM by Hausmann has renewed its
Platinum Partnership with PFATS (Professional Football Athletic Trainers
Society), an organization made up of the Athletic Trainers employed by the
teams of the National Football League.
Similarly, in January 2019, BTL
Industries, Inc. attended Arab Health 2019 held in Dubai World Trade Centre in
Dubai, United Arab Emirates.
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