The North American market is anticipated to grow from an estimated US$ 6,005.8Mn by the end of 2015 to US$ 9,598.9Mn by 2022 at a CAGR of 6.9% during the forecast period.
Albany, NY -- (SBWIRE) -- 09/24/2015 -- Physiotherapy, also known as physical therapy, is a type of treatment provided by physiotherapists (PTs) to develop and restore the body's proper functioning. The body's movement and functioning are adversely affected by age, injury, disease, and environmental factors. PTs use a variety of physical therapy tools and equipment to improve patient health and help them recover from medical conditions. Moreover, by examining patient's medical history and physical examinations results, PTs develop management plans for prevention and treatment of body pain or discomfort and for patient rehabilitation post treatment.
Increasing the prevalence of cardiovascular and neurological diseases, growing aging population, the high incidence of sports injuries, and rising awareness about therapeutic applications of physical therapy are major drivers of the physiotherapy equipment market. On the other hand, inadequate reimbursement policies is a key restraint for the growth of the physiotherapy equipment market.
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In terms of geography, North America dominates the physiotherapy equipment market due to growing geriatric population and increasing the prevalence of neurological and cardiopulmonary diseases. Moreover, rising government initiatives is also supporting the growth of the physiotherapy equipment market in the region. The Europe physiotherapy equipment market is expected to witness moderate growth owing to increasing prevalence of neurological disorders, musculoskeletal problems, and cardiopulmonary diseases in the region. Moreover, increasing aging population is also supporting the growth of the Europe physiotherapy equipment market.Asia represents the fastest-growing region in the physiotherapy equipment market. This is due to growing geriatric population and substantially large population of patients suffering from neurological diseases in Japan and China.
This report provides in-depth analysis and estimation of the physiotherapy equipment market for the period 2015 to 2022, considering 2015 as the base year for calculation. Data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. The physiotherapy equipment market is categorized on the basis of product, application, end user, and geography. Based on product, the market is segmented into equipment and accessories. The equipment segment is further sub-divided into hydrotherapy, cryotherapy, continuous passive motion (CPM), electric stimulation, heat therapy, therapeutic exercises, ultrasound, and others.
Accessories include orthoses and other assistive devices such as wheel-chairs and crutches. Based on application, the report covers musculoskeletal, neurology, cardiovascular and pulmonary, pediatric, and others. Based on the end user, the report comprises hospitals, clinics, and others. On the basis of geography, the report identifies and analyzes the market size and predictions for North America, Europe, Asia, and Rest of the World (RoW).
Some of the major players in physiotherapy equipment market are Enraf-Nonius B.V., DJO Global, EMS Physio Ltd., Dynatronics Corporation, A. Algeo Limited, BTL Industries, Inc., HMS Medical Systems, Whitehall Manufacturing, PattersonCompanies, Inc., and Isokinetics, Inc. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.
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