Physiotherapy equipment are medical devices that are used to treat a number of chronic ailments including cardiopulmonary conditions, neurological disorders, musculoskeletal problems, injury recovery and management, and post-surgery care. These equipment help treat patients through therapeutic exercises, electrotherapy, massage therapy, and other means. The global physiotherapy equipment market is estimated to be valued at US$ 24.66 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growth Accelerated by Innovations in Equipment Design
The major trend fueling the growth of the physiotherapy equipment market is the ongoing innovations in equipment design aimed at making physiotherapy treatment more effective and patient-friendly. Equipment manufacturers are focusing on developing data-driven equipment that can monitor treatment progress, customize therapy plans, and improve functionality for users through ergonomic designs, wireless connectivity, and virtual/augmented reality integration. This is helping physiotherapists to efficiently track treatment responses and enhance therapy outcomes. the innovations are also making physiotherapy more accessible to home settings which is driving the adoption of equipment in homecare and outpatient facilities.
Segment Analysis
The global physiotherapy equipment market is segmented into electrotherapy equipment, ultrasound equipment, exercise therapy equipment, and laser therapy equipment. Among these, exercise therapy equipment dominates the market and accounts for around 30% share. Factors such as rising incidence of musculoskeletal disorders, sports injuries and chronic diseases are increasing the demand for exercise physiotherapy equipment. These equipment help in faster recovery and rehabilitation of patients suffering from various conditions.
Key Takeaways
The Global Physiotherapy Equipment Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
The North America region currently dominates the physiotherapy equipment market and is expected to continue its dominance during the forecast period. Rising geriatric population, higher healthcare spending, and growing incidences of lifestyle diseases in the US and Canada are major factors driving the market in the region. Asia Pacific region is expected to witness highest growth during the forecast period due to growing medical tourism industry, and improving healthcare infrastructure and facilities in major countries like China and India.
Key players operating in the physiotherapy equipment market are Abbott Laboratories, Agilent Technologies, Affymetrix Inc., Beckman Coulter, Inc., Illumina Incorporated, Life Technologies Corporation, Randox Laboratories Ltd., Surfix B.V, GE Healthcare, F. Hoffmann-La Roche Ltd, and AYOXXA Biosystems GmbH. The market is highly consolidated with top five players accounting for around 60% share of the global market. Major players are focusing on new product launches and geographical expansion to strengthen their market position.
For More Insights, Read: https://www.newswirestats.com/physiotherapy-equipment-market-demand-growth-and-regional-outlook-by-2030-2/
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