Detailed Qualitative & Quantitative Analysis on Physiotherapy Equipment Market
The physiotherapy equipment market is expected to grow at a single–digit CAGR of 6.8% to reach $19,786.3 million by 2019 from $14,240.0 million in 2014. Major factors fueling growth of this market are rapidly aging population, increasing inclination towards active lifestyles, and government support in the form of incentives. However, lack of skilled physiotherapists, high maintenance expenses, and stringent regulations are restricting the growth of the market. The market is segmented on the basis of products (equipment and accessories), applications (cardiovascular and pulmonary, musculoskeletal, neurology, pediatric, and others), end users (hospitals, clinics, and others), and geographies (North America, Europe, Asia-Pacific, RoW). The physiotherapy equipment market, by application is segmented into cardiovascular and pulmonary, musculoskeletal, neurology, pediatric, and others (sports, women health, and palliative care). Musculoskeletal is the largest and fastest-growing segment of the market. The high growth rate of this segment can be attributed to growing incidences of cardiovascular diseases, neurological disorders, and rising number of injuries and accidents. The market, by end user is categorized into hospitals, clinics, and others (home health centers, schools, and rehabilitation centers). Hospitals are the key end users for physiotherapy equipment. Geographically, the market is dominated by North America, followed by Europe. However, Asia-Pacific region is expected to grow at the highest CAGR of 8.4% during the forecast period. Key players operating in the physiotherapy equipment market are BTL Industries (Czech Republic), DJO Global (U.S.), Enraf-Nonius (Netherlands), EMS Physio (U.K.), Isokinetic, Inc. (U.S.), and Patterson Medical (U.K.).
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