This industry research report segments the global physiotherapy equipment market by product type (equipment and accessories) and by geography (EMEA, APAC, and the Americas). The report also includes a section on the major trends and drivers that influence growth in this market. Key leading vendors analyzed in this report include BTL Industries, DJO Global, Enraf-Nonius, and Patterson Medical.
Technavio’s market research analysts estimate the global physiotherapy equipment market to grow at a CAGR of around 6% between 2015 and 2019, owing to the rising prevalence of cardiovascular, musculoskeletal, and neurological diseases coupled with the increasing elderly population.
The Americas dominated the physiotherapy equipment market, occupying more than 47% of the market shares during 2014, closely followed by EMEA and APAC regions. However, Technavio’s market analysis predicts the APAC region to post the highest growth rate of around 8% during the forecast period. Much of this region’s growth can be attributed to the development of the healthcare infrastructure in countries like Japan, Australia, India, and China.
On basis of product, analysts have estimated the equipment segment to account for more than 63% of the total market share. This segment’s growth is mainly driven by the augmented demand for home physiotherapy services in developed countries. Growth in the electric stimulation and ultrasound segments is expected to foster the demand for equipment during the next five years.
Product-type segmentation of the physiotherapy equipment market
Source: Technavio Research
“Technological breakthroughs in physiotherapy technologies such as rehabilitation robots, the Ekso suit, and implanted devices for pain management, are helping to minimize patients’ healing time, increase comfort levels, and improve overall patient care. For instance, MediTouch is offering wearable motion capture devices that allow patients to recover quickly. Ekso Bionics is offering Ekso suit to assist patients with walking disabilities,” says Imran Mushtaq, Lead Analyst, Healthcare, Technavio Research.
The leading vendors in this market are BTL Industries, DJO Global, Enraf-Nonius, and Patterson Medical. Many vendors provide therapy equipment to different hospitals, physician offices, nursing homes, and educational institutions, to gain prominence in the market. The highly fragmented nature of this market allows the entry of many local and small-scale vendors, who retain their market position by launching innovative products and investing in R&D activities.
A more detailed analysis is available in the Technavio report, Global Physiotherapy Equipment – Market research study 2015-2019.
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