Global Physiotherapy
Equipment Market Report, published by Variant Market Research,
forecast that the global market is expected to reach $27.6 Billion by 2024 from
$15.9 Billion in 2016, growing at a CAGR of 7.1% from 2016 to 2024.
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The global physiotherapy
equipment market is majorly driven by growing prevalence of cardiovascular and
neurological disorders, increasing geriatric population, technological
advancements and high number of physiotherapy clinic. Furthermore, increasing
awareness among people in emerging economies and technological innovations such
as robotic assisted systems, interactive video systems, exoskeletons and others
would provide growth opportunities. However, high maintenance costs might hinder
the growth of the market over the forecast period.
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The global
physiotherapy equipment market is bifurcated into type and geography. Type
segment includes hydrotherapy, continuous passive motion (CPM), cryotherapy, electric
stimulation, therapeutic exercises, heat therapy, ultrasound and other types. Geographical
sub segments are North America, Europe, Asia-Pacific and Rest of the World
(RoW). Asia Pacific is anticipated to grow at a fastest CAGR over the forecast
period, 2016 -2024. The growth is driven by expansion in healthcare sector,
high rate of patients suffering from osteoporosis and increase in the level of
health awareness. North America accounted the largest share of the market
followed by Europe in the year 2016.
The key players in
the global physiotherapy equipment market are Enraf-Nonius B.V., Whitehall
Manufacturing Inc., Patterson Companies Inc., EMS Physio Ltd., Isokinetics,
Inc., BTL Industries, Inc., Algeo Limited, Dynatronics Corporation, Inc., DJO
Global, Inc., and HMS Medical System among others.
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