The utilization of market research reports has become indispensable for businesses, serving as a catalyst for informed decision-making, revenue amplification, prioritization of market objectives, and the fostering of profitable ventures. Within this Physiotherapy Equipment Market report, meticulous research and analysis consistently furnish businesses with a comprehensive understanding of existing market landscapes, anticipated market trends, competitive dynamics, and strategies to surpass rivals. Forecasts regarding the fluctuation of the CAGR value over a specific period, and identification of market drivers, limitations, and competitive strategies are diligently assessed in the Physiotherapy Equipment Market report.
This comprehensive global market research report offers a panoramic overview of the market, encompassing diverse facets such as product definitions, segmentation based on varied parameters, and the prevailing vendor terrain. Physiotherapy Equipment Market's business-centric market research report not only ensures market awareness but also provides a holistic perspective. It furnishes market potential for each geographical region, evaluating growth rates, macroeconomic indicators, consumer preferences, purchasing patterns, and prevailing supply-demand scenarios.
Data Bridge Market Research analyses that the physiotherapy equipment market was valued at USD 17.88 billion in 2021 and is further estimated to reach USD 32.36 billion by 2029, and is expected to grow at a CAGR of 7.7% during the forecast period of 2022 to 2029.
Definition
Physiotherapy (Physical Therapy), which uses mechanical force and movement to treat patients, is rapidly gaining popularity for a variety of reasons, including urban lifestyle, elderly population, and corporate lifestyle. Because this is a completely noninvasive technique, there is very little risk involved. Because of sedentary lifestyles and urbanisation, the incidences of cardiovascular disorders, neurological disorders, and increased ailments have increased, necessitating the use of physiotherapy equipment.
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Key Growth Drivers:
Major factors that are expected to boost the growth of the physiotherapy equipment market in the forecast period are as follows:
Rise in the geriatric population
The rapid growth of the geriatric population has resulted in a significant increase in the incidence of chronic diseases worldwide. By 2050, the number of people aged 65 and up will account for 16% of the global population which will further accelerate the growth of physiotherapy equipment market.
Growing prevalence of cardiovascular disorders
Ischemic heart disease has seen the greatest increase in fatalities. According to WHO's 2020 updates, ischemic heart disease was responsible for 16% of all deaths worldwide which is further anticipated to propel the growth of the physiotherapy equipment market.
Technological developments
Major companies' technological advancements and innovations are also expected to increase demand for physiotherapy equipment. Apps such as PTGenie have been created to assist patients in adhering to their Home Exercise Programs (HEPs) is the vital factor escalating the market growth.
The report emphasizes the participation of key entities, notably:
- HMS (US)
- Dynatronics Corporation. (US)
- DJO, LLC (US)
- EMS Physio Ltd. (UK)
- (US)
- Patterson Dental Supply, Inc. (US)
- Whitehall Manufacturing (US)
- Morris Group International. (US)
- Body Sport. (India)
- Algeo Limited (UK)
- Danaher (US)
- 3M (US)
- International Electro Medical Co. (India)
- Radiance Medical Systems. (Singapore)
- Accord Medical Products. (India)
- Life Care Systems. (India)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Physiotherapy Equipmentmarket's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
Equipment Type (Heat and Cold Therapy Equipment, Hydro Therapy Equipment, Multi Exercise Therapy Units, Electro Therapy Equipment, Treatment Equipment, CPM Unit, Shoulder, Arm and Hand Equipment, Leg, Knee and Foot Equipment, Suspension Aids and Traction Aids), Application (Musculoskeletal, Neurology, Pediatric, Cardiovascular and Pulmonary, Others), End User (Hospitals, Clinics, Ambulatory Centers, Schools, Home Healthcare, Rehabilitation Centers), Demographic (Geriatric Population, Non-Geriatric Population)
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