The global physiotherapy equipment market accounted for a value of USD 13.9 billion in 2019 and is projected to register growth at a CAGR of 4.9% during forecast period.
COVID-19 has impacted the physiotherapy equipment market. The number of patients visiting hospitals or clinics is increasing on daily basis as number of COVID-19 cases increasing in the world. Due to increasing number of patients, there is a major shortage of hospitals beds and medical equipment. This increases demand for healthcare providers which results in deployment of number of physiotherapists and other healthcare related professionals. Government across various countries has implemented bans on some surgeries and medical procedures. The restriction imposed by governments has declined the growth of physiotherapy equipment market. The manufacturing units have to halt its production due to lockdown and supply also affected due to COVID-19.
For more details, visit: Global Physiotherapy Equipment Market By Type (Ultrasound, Electrotherapy, Others), By Application (Pediatric Applications, Neurological Applications, Others), By End-Users, By Region, Forecast & Opportunities to 2026
The geriatric population is growing across the world. The number of people aged 65 years and above is likely to constitute 16% of the global population by 2050. In America, one in five Americans is likely to be over 6 years. The increase in geriatric population results in increase in number chronic disease cases across the world. This increases demand for physiotherapy treatment and physiotherapy equipment. This drives growth in physiotherapy equipment during forecast period.
On the basis of type, the physiotherapy equipment market is segmented into ultrasound equipment, electrotherapy equipment, exercise therapy equipment, combination therapy equipment, cryotherapy equipment, continuous passive motion therapy equipment, shockwave therapy equipment, traction therapy equipment, laser therapy equipment, pressure therapy equipment and others. The electrotherapy equipment segment accounted for a largest market share in 2019 and it is estimated to grow at a highest CAGR during forecast period. The use of neuromuscular electrical simulation is growing rapidly. The adoption of therapeutic electrical stimulation in clinical settings for rehabilition is widely increasing around the world. This drives growth in electrotherapy equipment segment during forecast period.
On the basis of application, the physiotherapy equipment market is segmented into musculoskeletal applications, neurological applications, cardiovascular & pulmonary applications, pediatric applications, gynecological applications and others. The musculoskeletal applications segment accounted for largest market share in 2019. The increasing incidence of musculoskeletal disorders results in largest market share in the market. However, the cardiovascular and pulmonary segment is estimated to be fastest growing segment during forecast period. The increasing cardiovascular diseases incidence requires physiotherapy treatment and this increases adoption of physiotherapy throughout the world. This drives growth in cardiovascular and pulmonary segment during forecast period.
On the basis of end-users, the physiotherapy equipment market is segmented into hospitals & clinics, rehabilitations centers and others. The hospitals & clinics segment accounted for largest market share in 2019. However, the rehabilitations centers segment is estimated to be the fastest growing segment during forecast period. The demand for rehabilitation therapists is increasing immensely across the world and this increases the utilization of physiotherapy equipments in rehabilitation centers. Thus, drives growth in rehabilitation centers end-users during forecast period.
Asia-Pacific region is estimated to grow at highest CAGR during forecast period. The geriatric population is increasing rapidly and the population is this region is very high. The diseases in the geriatric population are increasing which requires physiotherapy treatment results in growth in this region. The number of private sector hospitals is increasing and healthcare infrastructure is developing in this region. The people are inclining towards active lifestyle which increases demand for physiotherapy and physiotherapy equipment in this region. This drives growth in Asia-Pacific region during forecast period.
The key market players in physiotherapy equipment sector are Djo Global Inc., Btl Industries Inc., Enraf-Nonius B.V., Dynatronics Corporation, Ems Physio Ltd., Ito Co. Ltd., Mectronic Medicale, Performance Health, Whitehall Manufacturing, Zimmer Medizinsysteme Gnbh, Zynex Inc., Richmar, Life Care Systems, Storz medical Ag, mettle Electronics Corp., Proxomed and Tecnobody.
- What are the expected industry trends over the next three to five years?
- Which of the physiotherapy equipment type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?