Physiotherapy Equipment Market
Industry Outlook and Trend Analysis
The Physiotherapy Equipment Market was worth USD 14.68 billion in the year of 2014 and is expected to reach approximately USD 26 billion by 2023, while registering itself at a compound annual growth rate CAGR of 6.56% during the forecast period.
Major driving components of this market incorporate developing aged populace base, presence of favorable government regulations such as the Obamacare or the Patient Protection and Affordable Care Act PPACA and unhealthy lifestyle habits. World Health Organization’s National Institute on Aging states that predominance of dementia and neurodegenerative issue are anticipated to rise strongly 25– 30% with developing age.
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Dementia is eventually accompanied with loss of motor functions, speech, and reasoning. Perpetual ailments and lifestyle-related propensities add to roughly 75 percent of the wellbeing costs. The PPACA came into law and was authorized by President Obama in March 2010. The direction has influenced Americans and is foreseen to affect physical advisors later on. The ascent in the quantity of patients experiencing musculoskeletal, cardiovascular, and neurological ailments are anticipated to additionally impel the interest for these hardware in future, in the created economies as well as in developing economies, for example, China and India. This market is anticipated to develop quickly in the following couple of years because of proceeded with westernization and urbanization in the rising economies of India, Brazil and China.
Application Outlook and Trend Analysis
Major applications dissected in this report incorporate cardiovascular and pulmonary, pediatric, neurology, musculoskeletal and others. These devices found the biggest application in the treatment of musculoskeletal inferable from, expanding occurrence rate of wounds and torment in the body’s muscles, ligaments, neck, back, and nerves. Neurology is anticipated to encounter the lucrative development of more than 7 percent amid the figure time frame because of the quickly developing commonness of autism, Alzheimer’s, Parkinson’s disease, and stroke in the United States and China.
Types Outlook and Trend Analysis
Some of the technology segments analyzed in the study are ultrasound, therapeutic exercises, Hydrotherapy, heat therapy, cryotherapy, electric stimulation and CPM. The cryotherapy treatment is moderately new and is gaining prominence among games. In the United Kingdom, BOC propelled a versatile cryotherapy chamber in 2013 to encourage rapid recuperation of players by having a 20-minute ice shower in the chamber. The ultrasound section held the biggest offer in 2014 because of, expanding use in the treatment of clutters, for example, arthritis, depression, swelling, and stress.
Demographic Outlook and Trend Analysis
Demographic portions incorporate non-geriatric populace and geriatric populace physiotherapy equipment market. Treatment designs related with these statistic portions crosswise over out-patient, convalescent homes, in-patient hospital , home facilities have likewise been broke down in this investigation. Geriatric populace is at a higher danger of getting wounds of meeting with mishaps, which may prompt the development popular for treatment in this portion. Non-geriatric populace too, all things considered, needs treatment attributable to, the need of changing demographic states of developing and developed nations around the world. Geriatric populace is anticipated to witness speedier development over the estimate time frame. This is credited to the exponential increment in the base of geriatric patient populace enduring with chronic ailments requiring the treatment moves the development of the market for the following years for this portion. The physiotherapy hardware industry for the geriatric populace is relied upon to grow at a significant pace in the upcoming years.
End User Outlook and Trend Analysis
Esteemed at over USD 6.0 billion, the healing centers based physiotherapy equipment was the biggest in 2014. Quick development observed in the home human services portions, is relied upon to initiate the physiotherapy equipment industry development in end-use fragments.
Regional Outlook and Trend Analysis
North America commanded the general market on the basis of income share in 2014 inferable from the increasing geriatric population, rising populace of women experiencing osteoporosis and presence of high incidence rates of road and workplace accidents. In 2014 the North American physiotherapy equipment market was esteemed at USD 5.74 billion. Asia Pacific area is anticipated to develop at a quick rate because of the existence of undiscovered opportunities, economic development, constantly enhancing healthcare infrastructure, and rising patient consciousness levels are a few variables representing this fast development. Besides, a neglected requirement for around 95 million individuals in Japan and China experiencing certain incapacities is additionally anticipated that would develop the market. Regionally, Asia Pacific has profoundly affected this industry regarding developing populace and absence of awareness in the huge populace. The existence of positive government activities relating to cooperative projects with the relevant social orders of western nations is one of the basic achievement factors anticipated that would help market development over the figure time frame.
Competitive Insights
The major players in the market are Isokinetics Inc, DJO Global, BTL Industries, EMS Physio, Patterson Medical and Enraf-Nonius. Industry competition level is anticipated to stay at a decently abnormal state amid the conjecture time frame. Propelled technologies are being acquainted with increment the productivity and adequacy of physical therapy. For example, dry needling dispose of pain , robot-assisted walking and anti-gravity treadmills for patients with spinal cord problems, and computer-aided treatment programs for the patients experiencing stroke and other cardiovascular diseases are new patterns presented in this industry.
The Global Physiotherapy Equipment Market is segmented as follows-
By Application:
Pediatric
Musculoskeletal
Neurology
Multiple sclerosis
Spinal cord injuries
Cerebral palsy
Stroke
Parkinson’s disease
Others
Cardiovascular and Pulmonary
Others
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By Type:
Electric Stimulation
Cryotherapy
Therapeutic Exercise
Ultrasound
Heat Therapy
CPM
Hydrotherapy
Others
By Equipment Demographic:
Non-geriatric population
Out-patient treatment
Home based treatment
Convalescent homes based treatment
Other
In-patient hospital treatment
Geriatric population
Out-patient treatment
Home based treatment
Convalescent homes based treatment
Others
In-patient hospital treatment
By End User:
Clinics
Hospitals
Others
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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