New York, NY, Oct. 07, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Physiotherapy Devices Market by Product (Equipment and Accessories), by Application (Musculoskeletal, Neurology, Cardiovascular, and Others) and by End-User (Hospitals, Physiotherapy Clinic, Rehabilitation Center, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global physiotherapy devices market was valued at approximately USD 1767.5 million in 2017 and is expected to generate revenue of around USD 2749.4 million by end of 2024, growing at a CAGR of around 6.5% between 2018 and 2024.
Physiotherapy is a physical treatment provided to people and patients to build up, restore, maintain and continue the maximum movement, flexibility and functioning ability during their lifespan. Physiotherapies are the services provided in the conditions where the functional movement of the body is threatened by injury, aging, pain, diseases, disability, and environmental factors. Increasing prevalence of neurological and cardiovascular diseases globally will significantly stimulate the growth of physiotherapy devices market throughout the forecast period. Moreover increasing road accidents, injury cases, and rising geriatric population will fuel the demand for physiotherapy devices market globally.
Browse through 63 Tables & 28 Figures spread over 110 Pages and in-depth TOC on “Global Physiotherapy Devices Market Size 2017 Analysis: Industry by Type, Share, Top Segments, Key Players and Forecast, 2024”.
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The physiotherapy devices market based on product category is segmented into equipment and accessories. Among which the equipment segment contribute for the largest market share owing to raising awareness about clinical benefits associated with physiotherapy treatment. Moreover increasing penetration of physiotherapy services and rapid adoption of physiotherapy devices by health practitioners due to ease of accessibility and use will propel the market growth during the forecast period. The equipment segment is further sub-segmented into hydrotherapy, electrotherapy, heat therapy, cryotherapy, ultrasound, continuous passive motion (CPM), laser therapy, and others. The accessories segment is bifurcated into orthoses and assistive devices in the global physiotherapy devices market.
Based on applications, the physiotherapy devices market is segmented into musculoskeletal, neurology, cardiovascular, and others. The neurology market is anticipated to value at highest market share in global physiotherapy devices market, owing to rising prevalence of neurological disorders and injuries coupled with long-time treatments. Followed by neurology, the musculoskeletal and cardiovascular segments are expected to grow at the highest CAGR owing to rising preference for physiotherapy for musculoskeletal problems and affordable cost of therapy will significantly boost the market growth over the forecast period.
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Based on end-user, the market for physiotherapy devices market is segmented into hospitals, physiotherapy clinic, rehabilitation center, and others. Hospitals segment is anticipated to grow at a faster rate due to the enhanced utilization of physiotherapy applications in order to deliver reasonable and early care to the patients. Whereas, the increasing number of injuries and preference for physiotherapy clinic owing to affordable cost will boost the segment growth over the forecast period.
North America physiotherapy devices market held the largest market share owing to the developed infrastructure of healthcare sector and high awareness as well as adoption of new therapies and treatments will prominently boost market growth for physiotherapy devices in this region. Furthermore, the favorable economic conditions and high per capita income of the population has promoted physiotherapy devices in the healthcare system in this region.
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Followed by North America, Europe is projected to gain noteworthy market share in physiotherapy devices market. The European countries majorly focus on the healthcare system and its services efficiency and quality will enhance the growth of physiotherapy devices market during the forecast period. In addition to that high number of geriatric population and rising musculoskeletal and cardiovascular disorders consuming a larger proportion of health care resources contributes to increased demand for physiotherapy devices.
Asia Pacific region is anticipated to have the highest CAGR for physiotherapy devices market. Rising incidence of accidents and injuries, high prevalence of physical disabilities in population and increasing awareness about physiotherapy with the conjunction of other surgeries and medical treatment will prominently fuel the market growth over the forecast period. Moreover increasing disposable income and favorable government policies have majorly impacted the demand for physiotherapy devices in this region.
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The Latin America and the Middle East and Africa held the least share in the physiotherapy devices market as compared to other regions. However, underpenetrated market and improving healthcare infrastructure will create a good opportunity for physiotherapy devices market particularly for manufacturers to invest in these regions.
Some of the key players in physiotherapy devices market include Patterson Medical, Zynex Medical Inc., BTL Industries, Dynatronics Corporation, Life Care Systems, A. Alego Limited, DJO Global, EMS Physio Ltd., Enraf-Nonius, HMS Medicals Systems, and others.
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This report segments the global physiotherapy devices market as follows:
Global Physiotherapy Devices Market: Product Segment Analysis
- Equipment
- Hydrotherapy
- Electrotherapy
- Heat Therapy
- Cryotherapy
- Ultrasound
- Continuous Passive Motion (CPM)
- Laser Therapy
- Others (Therapeutic Exercises, Traction, and Wax Therapy)
- Accessories
- Orthoses
- Assistive Devices
Global Physiotherapy Devices Market: Application Segment Analysis
- Musculoskeletal
- Neurology
- Cardiovascular
- Others
Global Physiotherapy Devices Market: End-User Segment Analysis
- Hospitals
- Physiotherapy Clinic
- Rehabilitation Center
- Others (Home Healthcare, Schools)
Global Physiotherapy Devices Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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