physiotherapy equipment market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The key factors contributing to the market growth include the increasing prevalence of cardiovascular and neurological diseases across the globe. People who suffered from cardiovascular and neurological diseases are prescribed to opt physiotherapy due to which there is considerable global demand for physiotherapy equipment. As per the reports published by the United Nations (UN) Department of Economic and Social Affairs, on World Population Ageing 2020, the number of older persons in the total population is growing rapidly. Across the globe, approximately 727 million persons aged 65 years or over in 2020 are expected to reach over 1.5 billion by 2050, and the share is expected to increase from 9% in 2020 to around 16% in 2050. Thus, the rapidly growing geriatric population is resulting in a considerable rise in the incidence of chronic diseases across the globe, and attributed to its recovery patients with fast rate and ease the demand for the physiotherapy equipment is been increasing.
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However, changes in healthcare insurance policies and coverage are influencing out-of-pocket costs for patients and the lack of trained and skilled personnel for these procedures is hampering the market growth. Whereas the major challenge that is fluctuating market growth is alternative therapies such as acupuncture. As this acupuncture is majorly used and accepted by major medical professionals and communities as a viable alternative to physiotherapy owing to it offers various numerous benefits, such as high patient compliance and low cost among others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Physiotherapy Equipment Market by Equipment Type
- Hydro Therapy
- Electro-Therapy
- Heat and Cold Therapy
- Continuous Passive Motion(CPM) Units
- Multi-exercise Therapy Unit
- Other (Leg, Knee and Foot Equipment, Suspension Aids)
Global Physiotherapy Equipment Market by Application
- Neurological
- Musculoskeletal
- Cardiovascular & Pulmonary
- Gynecological
- Others (Pediatric, Antenatal care, Postnatal Care)
Global Physiotherapy Equipment Market by End-User
- Physiotherapy Centers
- Hospitals and Clinics
- Home Care Settings
- Others (Rehabilitation Centers)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Algeo Ltd
- ANTISEL
- BTL Group
- Chirag Electronics Pvt. Ltd.
- EMS Physio Ltd.
- Enraf-Nonius B.V.
- Fisiocomputer
- HMS Medical Systems
- IPRS Mediquipe Ltd.
- Ito Co., Ltd.
- Life Care Systems
- Performance Health Holding, Inc.
- Mectronic Medicale S.r.l.
- Mettler Electronics Corp.
- Milon Group
- Monarch Skin Derma
- Siyi Intelligent Technology Co., Ltd.
- STORZ MEDICAL AG
- TAPSI PHYSIOTHERAPY EQUIPMENT
- We Take Care
- Zimmer MedizinSysteme GmbH
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global physiotherapy equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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