Physical Therapy Equipment Market Overview
The Physical Therapy Equipment Market is a pivotal segment in the healthcare industry, dedicated to providing devices and instruments that aid physical therapists in delivering
effective rehabilitation and therapeutic interventions. This market encompasses a wide array of equipment, including exercise balls, resistance bands, traction tables, and electrotherapy devices, designed to enhance patient mobility, strength, and overall functional abilities.
According
to Market Research Future (MRFR), the global physical therapy
equipment market
report is expected to acquire a market value of USD 12.9 billion in 2022
and is projected to grow from USD 13.7 Billion in 2023 to USD 21.1 billion by
2032, exhibiting a compound annual growth rate (CAGR) of 6.6% during the forecast
period (2024 - 2032).
Major drivers of the Physical Therapy Equipment Market
include the rising incidence of musculoskeletal disorders, a growing aging
population, and increased awareness of the benefits of physical therapy in
improving patient outcomes. Advances in technology, such as the integration of
digital platforms for remote monitoring and virtual rehabilitation, further
contribute to market growth. Challenges involve the high cost of advanced
equipment and the need for skilled professionals to operate complex devices. Geographically,
North America and Europe lead in market share due to well-established
healthcare infrastructures, while Asia-Pacific is experiencing growth with an
expanding healthcare sector and rising awareness of the importance of physical
therapy in rehabilitation. As the Physical Therapy Equipment Market continues
to evolve, it remains integral to the holistic approach to healthcare,
facilitating recovery and enhancing the quality of life for patients undergoing
rehabilitation.
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Therapy Equipment Market
The
increase in the incidence of degenerative joint disorders is expected to be
salient factors that can boost the physical therapy equipment market 2023. The
rise in cerebrovascular diseases is projected to enhance the demand for
advanced medical equipment that can attribute to market expansion. The growing
application of physical therapy in hospitals and clinics can actuate the demand
for efficient therapeutic equipment that can support market expansion.
Furthermore, rise in sports and fitness activities is expected to increase the
injuries cases, which is predicted to enhance the requirement of therapeutic
exercise equipment that can augment the market.
On
the other hand, lack of expertise is anticipated to hamper the market expansion
during the evaluation period. However, the rising geriatric population and
prevalence of orthopedic ailments are anticipated to counter the obstructing
cause that can underpin the market for physiotherapy.
Physical Therapy Equipment Market Regional Analysis
Based
on the region, the global market for physical therapy equipment is segmented
into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
As
per the assessment, the global market is anticipated to be dominated by the
Americas. The increasing healthcare expenditure is expected to be a salient
factor that can drive the regional market during the assessment period. The US
and Canada are projected to make notable participation in driving the regional
market. Besides, the presence of advanced healthcare infrastructure is
projected to boost the regional market.
Europe
is expected to acquire the second largest market during the forecast period
owing to the rising incidents of degenerative disorders. The UK and Germany are
anticipated to grow the regional market during the assessment period.
Furthermore, the increasing application of physiotherapy can augment the market
in the coming period.
The
APAC region is expected to be the fastest-growing market during the forecast
period owing to the developing healthcare infrastructure. The growing
application of physiotherapy in hospitals and clinics can further augment the
market.
The
MEA region is anticipated to acquire a small amount of market share during the
review period owing to the presence of African countries. However, the growing
awareness about physiotherapy can aid in boosting the market.
Physical
Therapy Equipment Market Key Players
Eminent
players of the global physiotherapy market
players are BTL Industries (US), DJO Global, Inc. (US),
Enraf-Nonius B.V (Europe), EMS Physio (UK), Dynatronics Corporation (US), ITO
Co. Ltd (Japan), Performance Health (Subsidiary of Madison Dearborn Partners)
(US), Mectronic Medicale (Europe), Whitehall Manufacturing (US), Colfax
Corporation (US), Zimmer Medizinsysteme GmbH (Germany),and STORZ MEDICAL (US)
Physical
Therapy Equipment Market Segmentation
The
segmental analysis of the global physical therapy equipment market
research is done by application, end-user, and product.
The
application-based segments of the global physical therapy equipment market are
musculoskeletal applications, cardiovascular & pulmonary applications,
gynecological applications, neurological applications, and others. Among all,
the musculoskeletal applications segment is anticipated to dominate the global
market due to the rising incidents of musculoskeletal disorders.
The
end-user-based segments of the global physical therapy equipment market are
hospitals and clinics, physiotherapy centers, and home care
settings. Among all, the hospitals and clinics segment is anticipated to
acquire the largest market share during the review period.
The
product-based segments of the global physical therapy equipment market are
equipment and accessories. Between the two segments, the equipment segment is
predicted to dominate the market during the forecast period owing to the wide
range of applications it offers.
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