Physical Therapy Equipment Market Overview:
The Physical Therapy Equipment Market is projected to generate a higher market value of USD 19,100 Million by the end of the year 2030. Moreover, it has been predicted to generate the market value at a CAGR of 6.50% for the forecast period.
Physical therapy equipment is particularly designed to help people refine or recapture their physical abilities. The global market for physical therapy equipment has been witnessing massive growth. The market's growth is being driven by the launch of an extraordinary technological improvement in the global product. Furthermore, the factors such as the increasing research and developmental activities, increasing investment in physical therapy equipment by leading market players, the increasing new physical therapy awareness among people, increasing incidence of sports injuries, availability of home care settings, and the increasing orthopedic diseases. However, the market growth is anticipated to be hampered by inadequate reimbursement policies and the lack of trained skilled personnel.
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Physical Therapy Equipment Market Top Companies:
Enraf-NoniUS B.V (Europe)
Dynatronics Corporation (US)
DJO Global, Inc. (US)
BTL Industries (US)
Mectronic Medicale (Europe)
EMS Physio (UK)
ITO Co. Ltd (Japan)
Performance Health (Subsidiary of Madison Dearborn Partners) (US)
Colfax Corporation (US)
Whitehall Manufacturing (US)
Zimmer Medizinsysteme GmbH (Germany)
STORZ MEDICAL (US)
Physical Therapy Equipment Market Segmental Analysis:
The global physical therapy equipment market is divided into several segments based on product, application, end-users, and region.
The global market for physical therapy equipment is divided into equipment and accessories based on product.
Based on application, the global market is bifurcated into pediatric applications, cardiovascular pulmonary applications, neurological applications, gynecological applications, musculoskeletal applications, and others.
End-users bifurcate the global market into home care settings, hospitals and clinics, physiotherapy centers, etc.
Physical Therapy Equipment Market Regional Overview:
The global market for physical therapy equipment is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East Africa.
The North American regional market for physical therapy equipment is projected to secure the top position globally. The regional market's growth is being driven by the presence of major players in this region. Furthermore, the increasing geriatric population, growing incidence of osteoporosis globally, and the rising cases of accidents and mishaps.
The physical therapy equipment market for the Asia-Pacific region is likely to record the highest growth over the review timeframe. The performance is attributed to improving healthcare infrastructure, economic development, inclination toward active lifestyles, the rising geriatric population, and growing adoption of physiotherapy in the region.
The European regional market will witness record-worthy growth over the forecasted era. The regional market's growth is attributed to collaborative programs by government bodies with physiotherapy societies, a growing elderly population, and well-established medical infrastructure.
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