Physiotherapy Equipment Market Estimated to Reach $24.7 Billion by 2022 at a CAGR of 7.1%: Grand View Research, Inc.

Posted on 2018-08-22 by researchinsights in Healthcare, Pharmaceuticals // 0 Comments

San Francisco, United States, 2018-Aug-22 — /EPR Network/ — Global physiotherapy equipment market size is expected to reach USD 24.7 billion by 2022, according to a new study by Grand View Research Inc. Growing prevalence of neurological and musculoskeletal disorders are expected to drive the physiotherapy equipment market over the forecast period.

The presence of efficient and effective therapies such as ultrasound and cryotherapy, advancement in the technologies coupled with implementation of favorable government policies is expected to significantly contribute towards expedited market growth. In 2014, musculoskeletal was the largest application segment with revenue estimated at over USD 8.0 billion. However, neurology is expected to witness rapid growth owing to the growing prevalence of Parkinson’s disease, epilepsy and autism in the U.S. and China.

To view a summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/physiotherapy-equipment-market

Further key findings from the study suggest:

Ultrasound was the largest physiotherapy segment of the market in 2014 and is expected to witness a lucrative growth of over 8.0% over the forecast period. The fact that it is the most common therapy for the management of soft tissue lesions which constitutes one of the causes for rheumatic complaints and renders reduction in the healing time of soft tissue injuries is expected to drive growth.
Hospitals dominated the end-use market owing to, the presence of high patient volume and the supportive infrastructure. On the other hand, the home-based treatment is expected to spearhead the growth of the other facilities segment during the forecast period. Cost-effectiveness associated with this treatment facility is likely to drive segment growth.
North America dominated the market in 2014, with revenue estimated at USD 5.74 billion. Increasing the baby boomer population, the presence of favorable government policies and sophisticated healthcare infrastructure are some key drivers of this market.
Asia Pacific is expected to witness substantial growth during the forecast period owing to rising population, high investment opportunities and developing healthcare infrastructure. Japan was the largest Asia Pacific market in 2014. By 2025, Japan is anticipated to have over 36% of its population over the age of 60 along with being one of the largest economies in terms of healthcare providers. Health insurance coverage for physiotherapy treatments and services is expected to spur market expansion. According to the Japanese National Health Insurance, over 90% of the cost for home care services and devices is reimbursed for promoting higher spending by patients.
Key players of the physiotherapy equipment market include DJO Global, Patterson Medical, Isokinetics Inc., EMS Physio and BTL Industries.

Related Report of Medical Devices:

Adhesion Barrier Market
Oral Care Market

Grand View Research has segmented the physiotherapy equipment market on the basis of products:

Global Physiotherapy Equipment Application Outlook (Revenue, USD Million, 2012 – 2022)

Neurology
- Stroke
- Spinal cord injuries
- Parkinson’s disease
- Multiple sclerosis
- Cerebral palsy
- Others
Musculoskeletal
Pediatric
Cardiovascular & Pulmonary
Others

Global Physiotherapy Equipments Types Outlook (Revenue, USD Million, 2012 – 2022)

Hydrotherapy
Cryotherapy
CPM
Ultrasound
Electric Stimulation
Heat Therapy
Therapeutic Exercise
Others

Global Physiotherapy Equipments Demographic Outlook (Revenue, USD Million, 2012 – 2022)

Geriatric population
- In-patient (hospital) treatment
- Out-patient treatment
  - Convalescent homes based treatment
  - Home based treatment
  - Others
- Non-geriatric population
  - In-patient (hospital) treatment
  - Out-patient treatment
    - Convalescent homes based treatment
    - Home based treatment
    - Others

Global Physiotherapy Equipment End Use Outlook (Revenue, USD Million, 2012 – 2022)

Hospitals
Clinics
Others

Physiotherapy Equipment Regional Outlook (Revenue, USD Million, 2012 – 2022)

North America
- US.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East and Africa
- South Africa
- Rest of Middle East and Africa

Access Press Release of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-physiotherapy-equipments-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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