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.
Albany, NY -- (SBWIRE) -- 01/21/2016 -- 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.
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Globally, the physiotherapy equipment market is witnessing significant growth due to increasing prevalence of cardiovascular and neurological diseases, growing aging population, the high incidence of sports injuries, and rising awareness about therapeutic applications of the physical therapy. However, inadequate reimbursement policies is a key restraint for the growth of the physiotherapy equipment market.
The global physiotherapy equipment market is anticipated to grow from an estimated US$ 14,972.1Mn by the end of 2015 to US$ 23,750.9Mn by 2022 at a CAGR of 6.8% during the forecast period.
North America is the largest region while Asia represents the fastest growing region in the physiotherapy equipment market. In terms of product, equipment is the largest segment while accessories represent the fastest growing segment in this market. In terms of equipment, hydrotherapy holds the largest market share in the physiotherapy equipment market. However, electric stimulation and ultrasound are the fastest growing sub-segments in the physiotherapy equipment market.In terms of application, musculoskeletal is the largest and fastest growing segment in the physiotherapy equipment market. In terms of the end user, the hospital is the largest and fastest growing segment in the market.
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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.
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