Pune, Maharashtra Jun 18, 2019 (Issuewire.com) - Market Industry Reports (MIR) has published a new report titled “Physiotherapy Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global physiotherapy equipment market was estimated to be over US$ 15 Bn in 2018. It is anticipated to grow at a significant CAGR from 2019 to 2030.
The continual growth of the physiotherapy equipment market can be attributed to several factors such as increasing sports injuries, rising prevalence of chronic diseases and growing geriatric population. Additionally, increasing road accidents in the global scenario are likely to drive the market. One of the major factors that support the growth of this market is the rising number of functional disabilities in the global geriatric population. To obtain better insights regarding the market scenario, prominent players are increasingly focusing on innovations and technological advancements. For instance, the University of South Florida is using virtual reality technology to study how VR can help patients who have disabilities or have suffered strokes or traumatic injuries. However, a shortage of trained professionals and less awareness of different physiotherapy options is likely to restrain the growth of the overall market.
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Physiotherapy Equipment Market by Product
On the basis of the product, the market is classified into equipment and accessories. The equipment is further segmented into ultrasound, electrotherapy, combination therapy, cryotherapy, exercise therapy, continuous passive motion therapy, laser therapy, magnetic therapy, traction therapy, shockware therapy and other therapy equipment. The electrotherapy equipment segment is expected to account for the largest share during the forecast period owing to the growing acceptance of electric simulation-based techniques. Accessories are further divided into physiotherapy furniture and physiotherapy tapes & bandages. Accessories are anticipated to reflect a slightly stronger CAGR during the forecast period.
Physiotherapy Equipment Market by Application
Based on application, the market is categorized into musculoskeletal, neurological, cardiovascular, pediatric, gynaecological and other applications. Musculoskeletal applications segment represented the largest share of this market followed by neurological applications segment owing to factors such as an increase in the occurrence of musculoskeletal disabilities, rising number of accidents and growth in an ageing population.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Physiotherapy Equipment Market is anticipated to grow at a significant CAGR from 2019 to 2030. in detail along with the table of contents:https://www.marketindustryreports.com/102/physiotherapy-equipment-market
The rapid growth in the number of physiotherapy clinics and increase in the physiotherapeutic services are the factors propelling the growth of this market. Moreover, technological advancements in physiotherapy equipment such as robotic systems, implanted devices and interactive video systems are expected to fuel the growth of physiotherapy equipment market. For instance, The Berkeley-based company Ekso Bionics developed the Ekso suit which is an aluminium and titanium exoskeleton that helps patients suffering from varying degrees of paralysis or hemiparesis with movement.
Physiotherapy Equipment Market by Key Players
The prominent players in the medical robots market are BTL, Enraf-Nonius B.V., Dynatronics Corporation, EMS Physio Ltd., Ito Co., Ltd., A. Algeo Limited, Zimmer MedizinSysteme GmbH, Whitehall Manufacturing, Mectronic Medicale S.r.l., HMS Medical Systems among others.
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The research provides answers to the following key questions:
- What will be the growth rate of the Physiotherapy Equipment Market for the forecast period 2019 - 2030? What will be the market size during this period?
- What are the key drivers responsible for shaping the future of the industry?
- Who are the prominent vendors? How have they managed to maintain a strong foothold in the Physiotherapy Equipment Market?
- What are past and present trends contributing to the progress of the Physiotherapy Equipment Market across different regions?
- Who are threats and challenges expected to act as a roadblock for the industry worldwide?
- What are the key opportunities the business owners can bank on for the forecast period 2019 - 2030?
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