According to Transparency Market Research, the global physiotherapy
devices market was valued at US$1,686.1 mn in 2016 and is expected to
reach US$2,838.9 mn by the end of 2025. During the forecast period of
2017 and 2025, the global market is expected to rise at a CAGR of
6.1%. Out of the various equipment available in the global market,
the demand for electrotherapy equipment is likely to be the highest
in the coming years. From a regional point of view, North America is
expected to lead the global market due to growing number of
physiotherapy centers and increasing awareness in the region.
Physiotherapy, is an effective healthcare treatment which helps to
alleviate disability, reduce pain, restore mobility, and revive
normal function. Physiotherapy often uses mechanical forces,
electrotherapy, hydrotherapy, and manual forces for treating the
patients. An efficient diagnosis can save the patient from a
long-term ailment or a disability. Physiotherapy is predominantly
used for improving the quality of life and ensuring that the patient
continues to live a normal life after an injury.
Thus, physiotherapy treatment is recommended to restore the normal
lifestyle for those patients who are suffering from physical
immobility, and other neurological diseases. The global physiotherapy
market is driven by several factors such as growing geriatric
population, rising prevalence of several neurological,
musculoskeletal diseases and technological advancements.
The increasing participation in sporting activities has alarmingly
raised the number of injuries. To recover from sports injuries
several players have to opt for physiotherapy to regain their muscle
strength. Initiation of various sporting events around the world
along emphasis on sports in various schools has prompted the market
for physiotherapy devices. Many a time, pregnant women are also
prescribed physiotherapy in order to ensure normal growth of the
fetus. Thus, rise in the number of pregnancies has also spiked the
demand for physiotherapy devices.
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On the other hand, the global market faces some tough challenges. The
lack of skilled physiotherapists is one the greatest restraint for
the global market. Lack of confidence in a physiotherapist or no
availability of a physiotherapist dissuades several patients from
treatment. Furthermore, the high cost of equipment discourages
several therapists from investing in technologically advanced
devices, thereby challenging market growth. Furthermore, the poor
reimbursement policies, especially in the developing parts of the
world has also been identified as a restraint for the overall market
in recent years.
Transparency Market Research observes that DJO Global, EMS Physio
Ltd., BTL, Dynatronics Corporation, Enraf-Nonius, and Patterson
Medical Ltd. are some of the leading players in the global
physiotherapy devices market. As the global market faces tough
competitive due to the presence of several local players, vendors are
focusing on product differentiation. Offering the best possible
products at affordable pricing is expected to help the companies
enter untapped markets the coming years. Furthermore, international
players are expected to lay emphasis on mergers and acquisitions in
order to broaden their revenue-earning opportunities.
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