Physiotherapy Equipment Market Worth $19,786.3 Million by 2019
19 Sep, 2014, 17:30 BST
DALLAS, September 19, 2014 /PRNewswire/ --
According to the new research report "Physiotherapy Equipment Market by Equipment (Cryotherapy, Heat, therapy, Hydrotherapy), Accessories (Posture Mirror, Exercise Ball), Applications (Pediatric, Musculoskeletal) & End Users (Hospitals), Advanced technologies - Global Forecast to 2019" published by MarketsandMarkets, the global Physiotherapy Equipment Market is poised to reach $19,786.3 Million by 2019 from $14,240.0 Million in 2014, at a CAGR of 6.8% from 2014 to 2019.
Browse 74 market data tables and 49 figures spread through 180 pages and in-depth TOC on "Physiotherapy Equipment Market"
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Factors such as growing base of geriatric population, inclination towards adopting active lifestyle habits, increasing penetration of physiotherapy services, and favorable healthcare reforms are driving the growth of the Physiotherapy Equipment Market. In addition, high-potential emerging markets and technological advancements such as virtual reality, rehabilitation robots, exoskeletons, and implanted devices for pain management are offering robust growth opportunities to the market players. However, uncertain reimbursement scenario in the U.S. and economic downturn in European countries are hindering the growth of this market.
The Physiotherapy Equipment Market is segmented on the basis of products, applications, end users, and geographies. Based on the type of products, the Physiotherapy Equipment Market is segmented into equipment and accessories. The equipment segment is further categorized into hydrotherapy, cryotherapy, continuous passive motion (CPM), electric stimulation, heat therapy, therapeutic exercises, ultrasound, and others (laser therapy, wax therapy, and traction). The accessories segment is further bifurcated into orthoses and other assistive devices (walkers, wheelchairs, and crutches). Equipment accounted for the largest share ~65% of the global physiotherapy market in 2014.
On the basis of applications, the Physiotherapy Equipment Market is broadly classified into cardiovascular and pulmonary, musculoskeletal, neurology, pediatric, and others (sports, women health, and palliative care). Musculoskeletal is the largest and fastest-growing segment of the Physiotherapy Equipment Market, by application. The large share of this market can be attributed to growing incidences of cardiovascular problems, neurological disorders, and growing number of injuries and accidents.
Based on end users, the Physiotherapy Equipment Market is segmented into hospitals, clinics, and others (home health centers, schools, and rehabilitation centers). Hospitals account for the major end-users segment of the Physiotherapy Equipment Market in 2014.
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On the basis of geography, the Physiotherapy Equipment Market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).In 2014, North America is expected to account for the largest share of the Physiotherapy Equipment Market, followed by Europe. Both these markets are estimated to register single-digit growth rates over the next five years. However, Asia-Pacific is expected to register a higher growth rate during the forecast period, owing to huge investment opportunities and developing healthcare infrastructure in this region. Growth of the Physiotherapy Equipment Market in the Asia-Pacific region will revolve around China, India, Australia, New Zealand, and countries in the Middle East.
Major players operating in the Physiotherapy Equipment Market are BTL Industries (Czech Republic), DJO Global (U.S.), Enraf-Nonius (Netherlands), EMS Physio (U.K.), Isokinetic, Inc. (U.S.), and Patterson Medical (U.K.).
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