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Physiotherapy Equipment Market to Reach US$24.66 Bn by 2023

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Sachin Sadgir
Physiotherapy Equipment Market to Reach US$24.66 Bn by 2023

Market Overview:

The global Physiotherapy Equipment Market is estimated to be valued at US$24.66 Billion In 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Physiotherapy equipment refers to the devices and tools used in physiotherapy treatment and rehabilitation. These equipment offer various advantages such as improved patient outcomes, faster recovery, and reduced pain. The increasing prevalence of orthopedic and neurological disorders, along with the growing geriatric population, is driving the demand for physiotherapy equipment worldwide.

Market Key Trends:

One of the key trends observed in the Physiotherapy Equipment Market is the increasing adoption of electrotherapy devices. Electrotherapy is a form of physiotherapy that uses electrical energy for therapeutic purposes. It is commonly used to manage pain, improve muscle strength, and promote tissue healing. The rising awareness about the benefits of electrotherapy, such as non-invasiveness and drug-free pain relief, is driving the demand for electrotherapy devices in the physiotherapy market. Technological advancements and the development of portable and user-friendly electrotherapy devices are further fueling market growth. The market players such as Enraf-Nonius B.V., DJO Global, and EMS Physio Ltd. are focusing on expanding their product portfolios in the electrotherapy segment to capitalize on this trend.

Note: The report does not provide information about key players.

Segment Analysis:

The segment analysis for the physiotherapy equipment market includes the categorization of the market based on equipment type, application, and end user. Among the equipment types, the electrotherapy segment dominates the market due to the increasing prevalence of chronic diseases and the growing demand for non-invasive treatment options. The electrotherapy segment includes products such as ultrasound, laser therapy, and electrical stimulation devices, which are widely used for pain management and enhancing tissue healing. These devices provide efficient treatment options with minimal side effects, leading to their dominance in the market.

In terms of application, the musculoskeletal segment holds a significant market share. This can be attributed to the rising incidence of musculoskeletal disorders such as arthritis, osteoporosis, and back pain. Physiotherapy equipment such as heat and cold therapy devices, traction devices, and exercise equipment are commonly used for the management of these conditions. The increasing aging population and the growing awareness about the benefits of physiotherapy for musculoskeletal disorders further contribute to the dominance of this segment.

When considering end users, the hospitals and clinics segment is the largest contributor to the physiotherapy equipment market. Hospitals and clinics have well-established infrastructure and a wide range of specialized physiotherapy services. Additionally, the increasing number of outpatient departments in hospitals and the availability of advanced physiotherapy equipment in these settings drive the demand for physiotherapy equipment in this segment.

Key Takeaways:

The global physiotherapy equipment market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period of 2023-2030. This growth can be attributed to several factors, including the increasing prevalence of chronic diseases, the rising geriatric population, and the growing demand for non-invasive treatment options. The market is also driven by advancements in technology, which have led to the development of innovative physiotherapy equipment with improved efficiency and ease of use.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the physiotherapy equipment market. This can be attributed to several factors, including the presence of a well-established healthcare infrastructure, high healthcare expenditure, and the increasing adoption of advanced physiotherapy techniques in the region. Europe and Asia Pacific are also expected to contribute significantly to the market growth, driven by supportive government initiatives, increasing healthcare expenditure, and the rising prevalence of chronic diseases in these regions.

Key players operating in the physiotherapy equipment market include Enraf-Nonius B.V., DJO Global, EMS Physio Ltd., Dynatronics Corporation, A. Algeo Limited, BTL Industries, Inc., HMS Medical Systems, Whitehall Manufacturing, Patterson Companies, Inc., and Isokinetics, Inc. These players are focused on product launches, partnerships, and acquisitions to strengthen their market presence and expand their product portfolios. The market is highly competitive, with players investing in research and development activities to introduce technologically advanced products and gain a competitive edge.

Read More : https://www.pressreleasebulletin.com/physiotherapy-equipment-market-is-estimated-to-witness-high-growth-owing-to-rising-incidence-of-chronic-disorders-and-increasing-aging-population/

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