Global Physiotherapy Equipment Market Report, published by Variant Market Research, forecast that the global market is expected to reach $27.6 Billion by 2024 from $15.9 Billion in 2016, growing at a CAGR of 7.1% from 2016 to 2024. By geography, Asia Pacific and North America are expected to grow at a CAGR of 8.2% and 7.0%, respectively, during the forecast period.
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Some of the major aspects driving the global physiotherapy equipment market are rising incidence of neurological & cardiovascular disorders, growing geriatric population, advancement in technologies, and increase in number of physiotherapy clinic. However, lack of trained professionals and high maintenance costs may decline the market from growing. Moreover, budding awareness among people of developing countries and technological modernizations such as interactive video systems, robotic assisted systems, exoskeletons and others may bring several lucrative opportunities in the upcoming years.
Product, application, end-user, and geography are the primary key segments of global physiotherapy equipment market. The segmentation by product comprises of equipment (cryotherapy, hydrotherapy, heat therapy, continuous passive motion (CPM), therapeutic exercises, electric stimulation, ultrasound and others) and accessories (orthoses and others). Among which, equipment held for the foremost share, followed by accessories in the year 2016. Application is further categorized into musculoskeletal, pulmonary & cardiovascular, pediatric, neurology, and others. Musculoskeletal segment dominated the market with highest share and is projected to lead the market with fastest CAGR in the forecast period. Also, end-user is bifurcated into clinics, hospitals, and others. Hospitals held the major share in the segment in 2016 and are likely to lead with fastest CAGR.
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Based on geographical analysis, North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the chief geographical classifications of the global physiotherapy equipment market. Where, Asia-Pacific is the fastest growing region with respect to CAGR in the global market, due to, evolving healthcare sector, rise in the level of health awareness, and high rate of patients suffering from osteoporosis. In 2016, North America dominated the market with major share followed by Europe.
Major companies operating in the global physiotherapy equipment market include Whitehall Manufacturing Inc., DJO Global, Inc., Algeo Limited, Isokinetics, Inc., EMS Physio Ltd., Enraf-Nonius B.V., Patterson Companies Inc., BTL Industries, Inc., Dynatronics Corporation, Inc., and HMS Medical System among others.
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Scope of Physiotherapy Equipment Market
o Continuous Passive Motion (CPM)
o Electric Stimulation
o Heat Therapy
o Therapeutic Exercises
• Cardiovascular and Pulmonary
• North America
o South Korea
o South America
o Middle East
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Variant Market Research offers syndicated and customized reports to fulfill clients’ objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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