Physiotherapy equipment help professionals effectively treat their patients and also help those with injuries and physically inhibiting conditions and provide at-home physical therapy treatment.
The global physiotherapy equipment market is estimated to account for US$ 20,706.3 Mn in terms of value in 2020 and is expected to reach US$ 33,034.3 Mn by the end of 2027.
Global Physiotherapy Equipment Market: Drivers
Increasing prevalence of neurological diseases is expected to propel growth of the global physiotherapy equipment market over the forecast period. For instance, according to the data from Alzheimer's Association, around 5.7 million people in the U.S. were suffering from Alzheimer’s disease in 2018.
Global Physiotherapy Equipment Market: Restraints
Lack of health insurance in developing countries such as China and India is expected to hinder growth of the global physiotherapy equipment.
The global physiotherapy equipment market was valued at US$ 19,387.9 Mn in 2019 and is forecast to reach a value of US$ 33,034.3 Mn by 2027 at a CAGR of 6.9% between 2020 and 2027. Major factor driving the growth of global physiotherapy equipment market during the forecast period include technological advancement, and increasing prevalence of cardiovascular diseases.
Equipment held dominant position in the global physiotherapy equipment market in 2019, accounting for 65.6% share in terms of value, followed by Accessories, respectively. Launches of new physiotherapy equipments is expected to support growth of the market over the forecast period.
High incidence of sport injuries is expected to propel growth of the global physiotherapy equipment market over the forecast period. For instance, according to the National High School Sports-Related Injury Surveillance Study 2017-2018, 1,367,490 cases of sport-related were recorded in high schools in the U.S.
Moreover, rising awareness about therapeutic applications of physical therapy is also expected to aid in growth of the market. World Physical Therapy Day is a key campaign led by the by the World Confederation for Physical Therapy (WCPT). September 8 is celebrated as World Physical Therapy Day. It is a day when various awareness campaigns are launched about PTs and their role in maintaining health of patients.
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Global Physiotherapy Equipment Market: Competitive Landscape
Major players operating in the global physiotherapy equipment market include, 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., and Isokinetics, Inc.
Global Physiotherapy Equipment Market: Key Developments
Major players operating in the global physiotherapy equipment market are focused on offering standard products to enhance their market share. For instance, in November 2018, Algeos renewed its ISO 9001:2015 and ISO 13485:2016 ISO Quality Standards.
Major players operating in the global physiotherapy equipment market are also focused on adopting various strategies to enhance their market share. For instance, in February 2018, Dynatronics Corporation announced that PROTEAMTM by Hausmann has renewed its Platinum Partnership with PFATS (Professional Football Athletic Trainers Society), an organization made up of the Athletic Trainers employed by the teams of the National Football League.
Similarly, in January 2019, BTL Industries, Inc. attended Arab Health 2019 held in Dubai World Trade Centre in Dubai, United Arab Emirates.