Physiotherapy Equipment Market worth $19,786.3 Million by 2019, According to a New Study on ASDReports

Thursday 9 October 2014, Amsterdam

The new report, now available on ASDReports, “Physiotherapy Equipment Market by Equipment (Cryotherapy, Heat, therapy, Hydrotherapy), Accessories (Posture Mirror, Exercise Ball)], Applications (Pediatric, Musculoskeletal) & End Users (Hospitals), Advanced technologies - Global Forecast to 2019” provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.

The global physiotherapy equipment marketis poised to reach $19,786.3 million by 2019 from $14,240.0 million in 2014, at a CAGR of 6.8% from 2014 to 2019.

Factorssuch as growing base of geriatric population, inclination towards adopting active lifestyle habits,increasing penetration of physiotherapy services, and favorable healthcare reforms are driving the growth of the physiotherapy equipment market. In addition, high-potential emerging markets and technological advancements such as virtual reality, rehabilitation robots, exoskeletons, and implanted devices for pain management are offering robust growth opportunities to the market players. However, uncertain reimbursement scenario in the U.S. and economic downturn in European countries are hindering the growth of this market.

The physiotherapy equipment market is segmented on the basis of products, applications, endusers, and geographies.Based on the type of products, the physiotherapy equipment market is segmented into equipment and accessories. The equipment segment is further categorized into hydrotherapy, cryotherapy, continuous passive motion (CPM), electric stimulation, heat therapy, therapeutic exercises, ultrasound, and others (laser therapy, wax therapy, and traction). The accessories segment is further bifurcated into orthoses and other assistive devices (walkers, wheelchairs, and crutches). Equipment accounted for the largest share ~65% of the global physiotherapy market in 2014.

On the basis of applications, the physiotherapy equipment market is broadly classified into cardiovascular and pulmonary, musculoskeletal, neurology, pediatric, and others (sports, women health, and palliative care). Musculoskeletal is the largest and fastest-growing segment of the physiotherapy equipment market, byapplication. The large share of this market can be attributed to growing incidences of cardiovascular problems, neurological disorders, and growing number of injuries and accidents.

Based on end users, the physiotherapy equipment market is segmentedinto hospitals, clinics, and others (home health centers, schools, and rehabilitation centers). Hospitals account for the major end-users segment of the physiotherapy equipment market in 2014.

On the basis of geography, the physiotherapy equipment market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).In 2014, North America is expected to account for the largest share ofthe physiotherapy equipment market, followed by Europe. Both these markets are estimated to register single-digit growth rates over the next five years. However, Asia-Pacificis expected to register a higher growth rate during the forecast period, owing to huge investment opportunities and developing healthcare infrastructure in this region. Growth of the physiotherapy equipment market in the Asia-Pacific region will revolve aroundChina, India, Australia, New Zealand, and countries in the Middle East.

Majorplayers operating in the physiotherapy equipment market are BTL Industries (Czech Republic), DJO Global (U.S.), Enraf-Nonius (Netherlands), EMS Physio (U.K.), Isokinetic, Inc. (U.S.), and Patterson Medical (U.K.).