A recent report by the United Nations projects of Physiotherapy Equipment Market is a significant increase in the global geriatric population by 2050, estimating a substantial rise in people aged over 60 years. This figure will more than double the number of geriatrics recorded in the past decade. The UN emphasizes that the percentage of elderly individuals within the global population is rising faster than all younger age groups.
This substantial rise in the geriatric population is attributed to increased life expectancy and advancements in healthcare infrastructure worldwide. Consequently, this demographic shift is expected to drive the growth of the physiotherapy equipment market, as elderly individuals are more susceptible to mobility disorders. According to a business intelligence study, the global physiotherapy equipment market is poised for notable growth in the coming years, creating significant revenue opportunities.
Several factors contribute to the expansion of the physiotherapy equipment market beyond the rapid increase in the geriatric population. Favorable healthcare reforms in various emerging economies, an increasing number of baby boomers approaching retirement age, the growing prevalence of cardiovascular and neurological diseases, and high employment rates are key drivers of market growth.
However, the market faces challenges such as a shortage of skilled professionals to operate specialized equipment, lack of standardized reimbursement for physiotherapy, the emergence of alternative treatments like acupuncture, and high maintenance costs. Despite these obstacles, market vendors are expected to find new opportunities in highly populated emerging economies like India and China, as well as through recent technological advancements, including exoskeletons, virtual reality, robotics, interactive video games, and implanted devices.
The physiotherapy equipment market is segmented by product type into equipment, accessories, and others. The equipment segment is further categorized into hydrotherapy, continuous passive motion, electric stimulation, heat therapy, cryotherapy, ultrasound, and therapeutic exercises. The accessories segment includes orthoses and others. While the equipment sub-segments collectively generate substantial revenue, the accessories segment is expected to experience slightly stronger demand growth.
In terms of application, the market is divided into musculoskeletal, cardiovascular and pulmonary, neurology, and pediatrics. Among these, the musculoskeletal segment is the most profitable, offering considerable revenue opportunities. The neurology and cardiovascular and pulmonary segments are also expected to witness impressive growth.
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This substantial rise in the geriatric population is attributed to increased life expectancy and advancements in healthcare infrastructure worldwide. Consequently, this demographic shift is expected to drive the growth of the physiotherapy equipment market, as elderly individuals are more susceptible to mobility disorders. According to a business intelligence study, the global physiotherapy equipment market is poised for notable growth in the coming years, creating significant revenue opportunities.
Several factors contribute to the expansion of the physiotherapy equipment market beyond the rapid increase in the geriatric population. Favorable healthcare reforms in various emerging economies, an increasing number of baby boomers approaching retirement age, the growing prevalence of cardiovascular and neurological diseases, and high employment rates are key drivers of market growth.
However, the market faces challenges such as a shortage of skilled professionals to operate specialized equipment, lack of standardized reimbursement for physiotherapy, the emergence of alternative treatments like acupuncture, and high maintenance costs. Despite these obstacles, market vendors are expected to find new opportunities in highly populated emerging economies like India and China, as well as through recent technological advancements, including exoskeletons, virtual reality, robotics, interactive video games, and implanted devices.
The physiotherapy equipment market is segmented by product type into equipment, accessories, and others. The equipment segment is further categorized into hydrotherapy, continuous passive motion, electric stimulation, heat therapy, cryotherapy, ultrasound, and therapeutic exercises. The accessories segment includes orthoses and others. While the equipment sub-segments collectively generate substantial revenue, the accessories segment is expected to experience slightly stronger demand growth.
Musculoskeletal Segment Emerges as Key Application Area
The physiotherapy equipment market is classified by end user into hospitals, clinics, and others. The hospital segment is projected to generate significant demand, as patients prefer multispecialty hospitals or specialized clinics for procedures due to the high cost of these tools.In terms of application, the market is divided into musculoskeletal, cardiovascular and pulmonary, neurology, and pediatrics. Among these, the musculoskeletal segment is the most profitable, offering considerable revenue opportunities. The neurology and cardiovascular and pulmonary segments are also expected to witness impressive growth.
North America and Europe Lead Regional Market Profitability
Geographically, North America is identified as the most lucrative region, followed by Europe. These regions benefit from superior healthcare infrastructure and are home to many pioneering companies in the field. However, the Asia Pacific region is also highlighted for its growing demand, driven by large populations in emerging economies like China and India.Competitve Analysis
The physiotherapy equipment market is characterized by intense competition among key players, including:
- Enraf-Nonius B.V.
- DJO Global
- EMS Physio Ltd.
- Dynatronics Corporation
- A. Algeo Limited
- BTL Industries, Inc.
- HMS Medical Systems
- Whitehall Manufacturing
- Patterson Companies, Inc.
- Isokinetics, Inc.
- Other prominent players
Market Segmentation
The market segmentation includes:
By Product:
- Equipment
- Hydrotherapy
- Cryotherapy
- Continuous Passive Motion
- Electric Stimulation
- Heat Therapy
- Therapeutic Exercises
- Ultrasound
- Accessories
- Orthoses
By Application:
- Musculoskeletal
- Neurology
- Cardiovascular and Pulmonary
- Pediatrics
By End User:
- Hospitals
- Clinics
By Geography:
- North America
- Europe
- Asia
- Rest of the World
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Table of Contents
1. Executive Summary
2. Market Overview
3. Global Physiotherapy Equipment Market Outlook, 2018 - 2031
4. North America Physiotherapy Equipment Market Outlook, 2018 - 2031
5. Europe Physiotherapy Equipment Market Outlook, 2018 - 2031
6. Asia Pacific Physiotherapy Equipment Market Outlook, 2018 - 2031
7. Latin America Physiotherapy Equipment Market Outlook, 2018 - 2031
8. Middle East & Africa Physiotherapy Equipment Market Outlook, 2018 - 2031
9. Competitive Landscape
10. Appendix
Companies Mentioned
- Enraf-Nonius B.V.
- DJO Global.
- EMS Physio Ltd.
- Dynatronics Corporation.
- A. Algeo Limited.
- BTL Industries, Inc.
- HMS Medical Systems.
- Whitehall Manufacturing.
- PattersonCompanies, Inc.
- Isokinetics, Inc.
Methodology
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