Published Date : May 18, 2016
The global physiotherapy equipment market is experiencing an exponential rise in its market valuation. The rising prevalence of cardiovascular diseases and neurological disorders has fueled the demand for these devices across the world. The rapid increase in the geriatric population, rising incidence of sports injuries, growing prevalence obesity among people, and escalating awareness pertaining to the benefits of physiotherapy are also propelling this market significantly.
North America Physiotherapy Equipment Market to Reach US$9.5 bn by 2022
North America dominated the global physiotherapy equipment market in 2015, accounting for an amount of US$6.0 bn in terms of revenue. The increased base of geriatric population and the augmented incidence of neurological as well as cardiopulmonary disorders fueled the demand for physiotherapy equipment in North America in the recent times. Experts predict this regional market to report a CAGR of 6.90% between 2015 and 2022 and attain an estimated value of US$9.5 bn by the end of 2022.
Asia Pacific, on the other hand, is expected to register the fastest growth rate among all the regional physiotherapy equipment market over the next few years. The rising number of patients suffering from neurological disorders in Asian economies such as Japan, China, and India is anticipated to stimulate the demand for physiotherapy equipment in Asia Pacific significantly in the coming years.
Europe and Other Regional Markets to Witness Remarkable Rise
Europe and other regional physiotherapy markets are also expected to witness a remarkable rise in their shares, owing to the increasing incidence of musculoskeletal and neurological disorders and cardiopulmonary diseases. The rising geriatric population in these regions is another significant factor driving these market’s growth.
Some of the major producers of physiotherapy equipment across the world are Algeo Ltd., Patterson Companies Inc., HMS Medical Systems, Isokinetics Inc., Enraf-Nonius B.V., Whitehall Manufacturing, DJO Global, BTL Industries Inc., EMS Physio Ltd., and Dynatronics Corp.