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Analyst Speak:
“The Global Physiotherapy Equipment Market was valued around US$ XX Mn by 2017 and growing
at a significant CAGR over seven years forecast period 2018-2024 owing to increase in chronic diseases
and injuries due to sports and accidents.”
Precision Business Insights (PBI) in its report titled “Global Physiotherapy Equipment Market: Market
Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024”
assesses the market performance over seven years forecast period over 2018-2024. The report analyses the
market value forecast and provides the strategic insights into the market driving factors, challenges that are
hindering the market revenue growth over forecast period.
The global physiotherapy equipment market was valued at US$ XX Mn in 2017 and increasing at a
significant CAGR over the forecast timeframe owing to increase in awareness regarding the physiotherapy,
the advantages of physiotherapy in treating pain disorders, rapidly increasing geriatric population, increase
in the prevalence of chronic diseases, and growing incidence of sports injuries, degenerative joint disorders,
and cerebrovascular disease are expected to drive the global physiotherapy equipment market. However,
high maintenance cost of the equipment and the shortage of a skilled personnel are anticipated to hinder the
revenue share of global physiotherapy equipment market.
Global physiotherapy equipment market segmented on the basis of Equipment, Application, end user, and
region
Based on the equipment type, global physiotherapy equipment market segmented into laser therapy,
ultrasound, cryotherapy, electrotherapy, and accessories. Ultrasound equipment accounted for the largest
share of the market and is expected to maintain its dominance during the forecast period due to its
advantages of faster healing process and reduce the swelling and edema. Ultrasound therapies are majorly
used in conditions, such as tendonitis, ligament sprains, muscle strains, joint inflammation, rheumatoid
arthritis, and osteoarthritis. However, a faster growth rate observed in case of electrotherapy equipment
growth in this segment is mainly due to the rising adoption of electric stimulation-based techniques for
physiotherapy.
North America Leads the Global Physiotherapy Equipment Market
PBI’s global physiotherapy equipment market report analyses the market in different regions such as North
America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis,
North America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-
2024 owing to increase in cases of road and workplace accidents, population of women suffering from
osteoporosis, and geriatric population, increase in geriatric population, increase in health care services and
presence of global players are anticipated to propel the market. Asia Pacific physiotherapy equipment
market projected to grow at significant rate owing to increase in the awareness towards the physiotherapy,
improvement in healthcare infrastructure, economic development, and rising patient awareness levels
Launch of newer products, frequent product approvals, and strategic alliances are the key
strategies adopted by market players
Global physiotherapy equipment market further reveals that the key players increasingly adopting strategies
such as launch of newer developments in products, frequent product approvals, and long term alliance to
improve market revenue share and gaining significant geographic presence across the region. For instance,
in January 2019, RICHMAR introduced MicroBlock, an electrode designed to inhibit the growth of disease-
causing bacteria in electrotherapy devices. The sales of the company has increased due to this development.
Detailed Segmentation
By Equipment
o Ultrasound
o Cryotherapy
o Laser Therapy
o Electrotherapy
o Accessories
By Application
o Cardiovascular and respiratory therapy
o Musculoskeletal
o Pediatric
o Neurology
o Sports therapy
o Others
By End User
o Hospitals and Clinics
o Rehabilitation centers
o Others
Geography
o North America
U.S
Canada
o Europe
Germany
France
U.K
Italy
Spain
Russia
Poland
Rest of Europe
o Asia-Pacific
Japan
China
India
Australia & New Zealand
ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
South Korea
Rest of Asia-Pacific
o Latin America
Brazil
Mexico
Argentina
Venezuela
Rest of Latin America
o Middle East and Africa (MEA)
Gulf Cooperation Council (GCC) Countries
Israel
South Africa
Rest of MEA
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