Physiotherapy Equipment Industry Size (Volume and Value), Export, Import Analysis by Region 2012-2022: Grand View Research, Inc.

According to a report by Grand View Research, Inc.; the worldwide physiotherapy equipment market is projected to attain USD 24.7 billion by 2022. Factors such as rise in unhealthy lifestyle habits and high prevalence of chronic diseases are anticipated to drive the global market over the forecast period (2012 to 2022). Growing geriatric population, penetration of physiotherapy services, and favorable government regulations can further propel the market in near future.

There are several health conditions resulting in loss of normal body functioning solely due to aging. For example, Dementia can cause with growing age which can be accompanied by loss of speech, reasoning, and motor functions. Growing prevalence of neurological, cardiovascular, and musculoskeletal disorders, increasing rates of accidents and sports injuries, and chronic diseases can disrupt body movements and functioning. All these factors can impel the demand for physiotherapy equipment over the forecast period.

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Increased demand for home physiotherapy services from developed countries and availability of effective therapies like electric stimulation, cryotherapy, and ultrasound can have positive impact on the market. In addition, technological advancements such as virtual reality, exoskeletons, rehabilitation robots, and implanted devices for pain management have created grwth opportunities in the physiotherapy equipment market. Additionally, latest trends such as robot-assisted walking for the patients suffering from spinal cord injuries and computer-aided therapy for stroke and cardiovascular conditions are projected to boost the market.

Worldwide physiotherapy equipment market can be segmented on the basis of application, types, end-use, demographic, and geography. Based on application, the market can be divided into neurology, musculoskeletal, cardiovascular and pulmonary, and pediatric. As per types, the market can be categorized into cryotherapy, hydrotherapy, continuous passive motion (CPM), ultrasound, heat therapy, electric stimulation, therapeutic exercise, and others. In 2014, ultrasound was the largest segment and is likely to continue displaying lucrative growth at over 8.0% CAGR during the forecast period. Based on demographic, the market can be bifurcated into geriatric population and non-geriatric population. Based on end-use, the market can be fragmented into hospitals, clinics, and others.

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Geographically, the market for physiotherapy equipment can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2014, North America acquired the largest market share in terms of revenue and reported around USD 5.74 billion. This growth can be attributed to high occurrence of accidents, rise in women population suffering from osteoporosis, and growing elderly population in the region. Additionally, favorable government policies and advanced healthcare infrastructure may also boost the market growth during the forecast horizon.

Asia Pacific is expected to be the fastest growing market over the forecast period. This growth can be attributed due to rising awareness, increasing population, better investment opportunities, increasing disposable income, and developing healthcare infrastructure. In 2014, Japan was reported as the largest market in the region. Over 36% of Japan’s residents are expected to reach the age of over 60 years by 2025. Better health insurance coverage for physiotherapy treatments and services can have a positive impact on the market.

Some of the leading players operating in the physiotherapy equipment market include Isokinetics Inc.; Patterson Medical; BTL Industries; DJO Global, and EMS Physio. The market looks very competitive and is expected to continue witnessing moderately high growth over the forecast period. It is expected to present a wide scope for local and small-scale vendors to present their products. Many vendors are providing therapy equipment to hospitals, educational institutions, and nursing homes. The manufacturers are also investing more expenditure in research and development activities and developing advanced technology to improve the efficiency and effectiveness of physical therapy.

For instance, DJO Global, Inc. recently introduced its new shoulder orthosis product called UltraSling Quadrant. It can offer four angles of immobilization in single brace for optimal versatility. These angles include external rotation, internal rotation, abduction, and adduction. It allows the patient to stretch and extend their arm and supports a fictional recovery.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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