Global Physiotherapy Devices Market: Overview

The global physiotherapy devices market has been gaining a steady momentum in recent years due to a high incidence of injuries and ailments. Lifestyle changes, poor habits, and availability of physiotherapy services has boosted market growth in the past few years. On the other hand, the increasing participation in sporting activities has also had a positive impact in the overall market. According to the research report, the global physiotherapy devices market is likely to be worth US$2,838.9 mn by the end of 2025 from US$1,686.1 mn in 2016. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 6.1%.

Based on product type, the global physiotherapy devices market is classified into equipment, kit and accessories. The equipment segment is estimated to claim the largest market share in 2016 followed by accessories and kit segments. On the other hand, the accessories segment is anticipated to witness higher growth compared to equipment and kit segments during the forecast period. The kit segment is minor contributor in this market. High price makes the equipment segment as the leading contributor in the global physiotherapy device market. Whereas rising awareness of the accessories among non-medical professionals is a potential reason for higher growth of the same segment in the forecast period.

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Electrotherapy Emerges as Popular Equipment for Treating Ailments

The global physiotherapy devices market by equipment type has been segmented as hydrotherapy equipment, electrotherapy equipment, heat & cold therapy equipment and others. Among these four segments, electrotherapy segments holds the highest market share, significant market attractiveness, and exhibits highest growth rate in the forecast period. Easy availability, low price, and efficiency in pain reduction are the major factor for which electrotherapy equipment segment becomes a leading contributor in the market.

The application segment of the global physiotherapy devices market has been categorized as musculoskeletal, neurological, cardiovascular and others. The neurological segment claims the highest market share and noteworthy market attractiveness and exhibits highest growth rate in the forecast period followed by musculoskeletal, cardiovascular and others segments. The worldwide alarming rate of stroke and the rising prevalence of paralysis of the stroke patients are the key reasons for which neurological sector leads the total global market by application.

By end user type, the global physiotherapy devices market is segmented into hospitals, physiotherapy clinics, rehabilitation centers, and others. Hospital and physiotherapy clinics segments claim the major share and show remarkable market attractiveness but the physiotherapy clinics segment represents higher growth rate (compared to hospital segment) in the forecast period. The availability of trained professionals, less-costly healthcare facilities, and effective results are the key drivers for the growth of the physiotherapy clinics segment.

North America to Lead Global Market due to Higher Awareness

Geographically, the global physiotherapy devices market is categorized into the North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The North America market holds the highest market share in 2016 and shows a potential market attractiveness but the Asia Pacific market represents a promising growth rate in the forecast period. The awareness of physiotherapy treatment, availability of trained professionals, and affordability of expensive devices are the key factors for making the North America region as the leading contributor in the market. On the other hand, the larger population pool and the growing awareness may be the prospective reasons for the Asia Pacific market for being a promising market in forecast period. 

Prominent key players are DJO Global, EMS Physio Ltd., BTL, Patterson Medical Ltd., Enraf-Nonius, Dynatronics Corporation, Ossur, A. Alego Limited, HMS Medicals Systems. In 2015, DJO Global developed a complex wireless neuromuscular electronic stimulation product used for motor nerve and muscle fibers disorder. BTL launched BTL 6000 super inductive system elite based on high intensity electromagnetic field for fracture healing, and myorelaxation in 2016.

Increasing Incidence of Chronic Diseases to Boost Global Physiotherapy Devices Market

Increased prevalence of chronic diseases along with rapidly expanding base of ageing population is likely to play important role in the development of the global physiotherapy devices market in the years to come. In addition to that, the rising incidences of cerebrovascular disease, degenerative joint disorders, and sports injuries are likely to add to the development of the global physiotherapy devices market in the near future. On the other hand, the expansion of the market is likely to be restricted by the dearth of skilled personnel along with the emergence of various alternative therapies, such as acupuncture.

Outbreak of Covid-19 to Bring New Challenges for the Market

The growing base of elderly population who are vulnerable to various debilitating and chronic diseases is likely to play an important role in the development of the global physiotherapy devices market. In accordance with the data of WHO (World Health Organization), cases of hip fractures, dementia, and strokes increase manifold with the increase of age. These are the common afflictions for the people over the age of 85 years. As such, the development of the global physiotherapy devices market is foreseen to be directly influenced by the increased presence of ageing population who are suffering from some form of disability or the other.

Due to the outbreak of COVID-19 pandemic, social distancing and lockdowns were imposed by several governments across the globe to prevent disease spread and collapse of healthcare systems. Some governments have also issues bans and limitations on many medical procedures and certain surgeries. These limitations have restricted the demand for devices of physiotherapy as well, thereby posing challenge for the global physiotherapy devices market in the coming years. These bans and lockdowns have brought many challenges for the market, such as attending conferences that could help in generation of increased sales opportunities, in-person  product demonstration, and so on. It is estimated that with the invention of a vaccine or an effective drug, the market will observe growth in the post pandemic era.

Physiotherapy Devices Market- Snapshot

The rising incidence of injuries and ailments will create lucrative growth opportunities for the global physiotherapy devices market in the coming years. Way of life changes, helpless propensities, and accessibility of physiotherapy administrations has supported market development in the previous few years. Then again, the expanding cooperation in brandishing exercises has additionally had a positive effect in the general market.

The application portion of the worldwide physiotherapy gadgets market has been arranged as musculoskeletal, neurological, cardiovascular and others. The neurological section guarantees the most elevated piece of the overall industry and important market appeal and displays most noteworthy development rate in the estimate time frame followed by musculoskeletal, cardiovascular and others fragments. The overall disturbing pace of stroke and the rising commonness of loss of motion of the stroke patients are the vital purposes behind which neurological area drives the complete worldwide market by application.

Expanded predominance of ongoing illnesses alongside quickly growing base of maturing populace is probably going to assume significant part in the advancement of the worldwide physiotherapy gadgets market in the years to come. Notwithstanding that, the rising rates of cerebrovascular sickness, degenerative joint problems, and sports wounds are probably going to add to the improvement of the worldwide physiotherapy gadgets market soon. Then again, the development of the market is probably going to be limited by the deficiency of gifted staff alongside the rise of different elective treatments, for example, needle therapy.

In terms of segmentation by geography, the global physiotherapy devices market earned the largest share from North America on account of the presence of a well-established healthcare infrastructure and facilities, coupled with the increasing adoption of latest therapeutics by the people of the developed nations such as the United States and Canada. On the other side, the improving medical scenario and rising awareness about latest healthcare therapeutics in the emerging nations such as India, and China will help promote the growth of the market in Asia Pacific in the coming years.

Global Physiotherapy Devices Market: Overview

This report on the physiotherapy devices market analyzes the current and future scenario of the global market. Growing number of geriatric population, rising prevalence of different diseases among several age-groups, and introduction of novel technologies are the major drivers of the global physiotherapy devices market during the forecast period. On the other hand, the deficiencies of skilled physiotherapists, and high cost of equipment may depress the growth of the same market. 

The global physiotherapy devices market report comprises a detailed elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the country’s market with respect to the segments based on product type, application and end-users. An elaborated qualitative analysis of drivers and restraints, opportunities, and trends has been provided in the market overview section. This section also provides market attractiveness analysis in terms of country, thus presenting a thorough analysis of the overall competitive scenario in the global physiotherapy devices market.

Global Physiotherapy Devices Market: Segmentation

Based on the products, the global physiotherapy devices market is classified into equipment, kit and accessories. The equipment segment is further classified into hydrotherapy, electrotherapy, heat & cold therapy and others whereas the accessories segment include orthoses and assistive devices. The market segments have been analyzed based on disability rate, awareness of physiotherapy treatment, actual percentage of population accessing physiotherapy treatment, requirement of product types, costs, and medical scenarios.  The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGR for the forecast period from 2017 to 2025, considering 2016 as the base year.

Based on application, the market has been segmented into neurological, musculoskeletal, cardiovascular and others. The market segments have been extensively analyzed based on the incidence of abnormality, requirement of post-abnormality conditions, cost of the devices, and medical reimbursements. The market size and forecast in terms of US$ Mn for each segment have been provided for the period from 2015 to 2025. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year. On the basis of end-users, the market has been segmented into hospitals, physiotherapy clinics, rehabilitation centers, and others. This segmentation has been done on the basis of usage of physiotherapy devices in those centers.

Global Physiotherapy Devices Market: Regional Outlook

Geographically, the global physiotherapy devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

Global Physiotherapy Devices Market: Competitive Profile

The report also profiles major players in the global physiotherapy devices market based on the various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. The key players operating in the global physiotherapy devices market includes DJO Global, EMS Physio Ltd., BTL, Patterson Medical Ltd., Enraf-Nonius, Dynatronics Corporation, Ossur, A. Alego Limited, HMS Medicals Systems.

The global physiotherapy devices market is segmented as given below:

by Product Type

  • Equipment
    • Hydrotherapy
    • Electrotherapy
    • Heat & Cold therapy
    • Others
  • Kit
  • Accessories
    • Orthoses
    • Assistive Devices

by Applications

  • Musculoskeletal
  • Neurology
  • Cardiovascular
  • Others (oncology, Fibromyalgia syndrome etc.)

by End-user

  • Hospitals
  • Physiotherapy Clinics
  • Rehabilitation Centers
  • Others

by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Israel
    • Rest of Middle East & Africa

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