Physiotherapy Equipment Market Growth & Opportunity 2028

MARKET OVERVIEW

Physiotherapy is a branch of rehabilitative health that utilizes specially designed equipment and some exercises that help patients regain and improve their physical abilities. There are many types of physiotherapy equipment used for patients who are infants born with congenital musculoskeletal disabilities, adults suffering from backache or the after-effects of injury or surgery, to elderly post-stroke patients. Different types of therapies are used to repair various areas of the body. Physical therapy, which uses mechanical strength and movement to treat patients, is rapidly gaining popularity for various reasons, including urban lifestyles, older populations, and corporate lifestyles. 

MARKET DRIVERS

The increasing prevalence of cardiovascular and neurological diseases and the growing geriatric population have stimulated the demand for physical therapy equipment around the world. According to World Population Aging 2019 (United Nations, 2019), the world's elderly population continues to grow at an unprecedented rate. In 2019, approximately 703 million people aged 65 or older worldwide. According to forecasts, this number of elderly people will double to 1.5 billion by 2050. Globally, the proportion of the elderly population over 65 increased from 6% in 1990 to 9% in 2019. As the elderly population increases, the population is more susceptible to orthopedic diseases, which is expected to drive the market in the future.

According to WHO 2020 updates, ischemic heart disease was responsible for 16% of all deaths worldwide. Since 2000, the most notable deaths have been from ischemic heart disease, which rose by more than 2 million to 8.9 million deaths in 2019 2010. The study also suggests that by 2050, more than 50% of all osteoporotic hip fractures could occur in Asia. Therefore, the increasing prevalence of orthopedic diseases increases the demand for rehabilitation services. In addition, neurological disorders significantly contribute to global morbidity and mortality worldwide, with stroke being a leading cause of death.

MARKET TRENDS/MARKET SCENARIO

Several companies in the physiotherapy equipment market are in the process of continuously developing innovative products.

In April 2021, The National Office of Thermalism and Hydrotherapy (ONTH) announced the debut of “Tunisia Wellness,” the first mobile hydrotherapy application. It concerns more than 300 spa centers in Tunisia and provides all the necessary information regarding them in a unified framework.

In December 2020, The GoHeat Cordless Heating Pad was launched by Sunbeam, a leader in products of heat therapy, to assist reduce pain and curing tired muscles at home or on the road.

In July 2018, Mectronic Medicale (Italy) launched Doctor Tecar XP, an electromagnetic tecar therapy stimulator.

MARKET SCOPE AND REPORT FEATURES

Our report on "Global Physiotherapy Equipment Market Analysis to 2028" encapsulate a detailed market analysis on key segments such as type and applications of dental equipment market, and a deep dive statistical and qualitative analysis by geography covering five key regions and several countries. As a part of qualitative analysis report offers evaluation of key market dynamics such prevailing market driver, key challenges and opportunities that pave the path for future developments. Further, our analysis on the key competition provide a strategic view point on the market initiatives, SWOT analysis, and highlights on the products and service developments of the players.   

MARKET SEGMENTATION
Global Dental Equipment Market – By Product

• Equipment
• Accessories

Global Dental Equipment Market – By Application

• Musculoskeletal Disorders
• Neurology Disorders
• Cardiovascular Disorders
• Pediatric
• Gynecological
• Others

Global Dental Equipment Market – By End User

• Hospitals
• Physician Offices
• Homecare Centers
• Physiotherapy & Rehabilitation Centers

MARKET DYNAMICS

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REGIONAL INSIGHTS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The physiotherapy equipment market by each region is later sub segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social, and technological factors affecting the physiotherapy equipment market in these regions.

MARKET PLAYERS

The report covers key developments in the physiotherapy equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from physiotherapy equipment market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the physiotherapy equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years. 

• Enraf-Nonius B.V.
• Isokinetics Inc.
• EMS Physio Ltd.
• DJO Global, Inc.
• BTL Industries Inc.
• HMS Medical Systems
• Richmar
• Bio-Med Inc.
• Mectronic Medicale S.r.l.
• Zimmer MedizinSysteme GmbH
• STORZ Medical AG
• Performance Health
• Chirag Electronics Pvt. Ltd
• Bharat Medical Systems
• Zynex, Inc.

REPORT HIGHLIGHTS

Our report on physiotherapy equipment market cover following key parameters:

• Comprehensive market analysis at global, regional and country level
• Detailed PEST (Political, Economic, Social and Technological) factors impacting the market across key geographic regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
• Market dynamics (drivers, restraints, opportunities, and future trends) and impact analysis of drivers and restraints at short-term, mid-term and long-term
• Market size and forecasts in terms of revenue; 2020 (historic), 2021 (base year), 2022 – 28 (forecast period)
• In-depth market segmentation and deep dive regional and country level analysis of 18+ countries across 5 key regions
• Key company profiles and industry landscape to provide latest market initiatives and competitive landscape
• Impact of COVID`19 pandemic on ecosystem and the market 

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.