PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1076238
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1076238
The study considers a detailed scenario of the present physiotherapy equipment market and its market dynamics for the period 2022-2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The research report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
The global physiotherapy equipment market is expected to grow at a CAGR of 6.84% during 2022-2027
Benefits of Physiotherapy
SEGMENTS ANALYSIS
The ultrasound therapy equipment market accounted for the highest revenue share of around 22%, followed by the electrotherapy equipment segment. However, the combination therapy equipment segment is expected to grow at a high single-digit CAGR during the forecast period as combination physical therapies are clinically proven and have better safety and efficacy rates. As a result, physiotherapists highly recommend combination physical therapies for patients and procure a wide range of advanced and innovative combination physiotherapy equipment.
The cardiorespiratory application segment reported a major share of around 32%, and the neurological application segment accounted for the least share in 2021. The cardiorespiratory segment is estimated to be the most profitable segment, and it is expected to retain its dominant position during the forecast period. An increase in the prevalence of cardiorespiratory disorders due to the rising geriatric population and lifestyle diseases are primary drivers of the segment
During the forecast period, the musculoskeletal application segment is likely to grow faster than other segments. Common musculoskeletal disorders, such as lower back pain, are the most widespread reasons for patients visiting physiotherapists, which is expected to drive the market growth. Although lockdowns worldwide have influenced the physiotherapy profession, the market has bounced back quickly from the lows of H2 2020 & H1 2021. In addition, the market witnessed a new trend of virtual physiotherapy and rehabilitation during lockdowns and closure of physiotherapy clinics and hospitals during the 1st wave and 2nd waves of the covid-19 pandemic.
Segmentation by Equipment Type
Segmentation by Application
Segmentation by End-Users
GEOGRAPHICAL ANALYSIS
North America dominated the global physiotherapy equipment market with the highest revenue share, followed by Europe. North America and Europe together accounted for a share of around 73% of the global physiotherapy market. APAC, Europe, and North America are likely to have higher incremental and absolute growth rates compared to Latin America and, the Middle East & Africa. North America's favorable demographics encourage a prolonged growth in the number of patients seeking or demanding physiotherapy treatment. The rise in the number of people who engage in fitness treatments and sports and the increasing number of patients with neurological, cardiovascular, orthopedic, and MSD conditions have driven the market for physiotherapy equipment.
Segmentation by Geography
VENDOR ANALYSIS
Key Vendors
Other Prominent Vendors
LIST OF TABLES