Physical Therapy Equipment Market 2022
The global physical therapy equipment market is deemed to witness growth at a moderate pace of 6.21% CAGR over the forecast period of 2019 and 2025. The process of the growth would also market a crossing of a valuation mark of USD 19,100 million by the end of 2025. Market Research Future (MRFR) is dealing with the report on the physical therapy equipment market and reveals various growth-inducing factors that can transform the way the market is expected to shape in the coming years.
Physical therapy equipment can be defined as instruments that physiotherapists use to cure patients from various musculoskeletal disorders. These would cover neurological, cardiovascular & pulmonary, gynecological, and others. Various factors are expected to trigger better growth for the global physical therapy equipment. Other factors like changing lifestyle, geriatric population, increasing cases of accidents, etc. can be taken into consideration while dealing with the growth prospects of the global physical therapy equipment market.
The physical therapy equipment market may find some obstacles in the form of lack in reimbursement policies for physiotherapy that can deter people from opting for the treatment.
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The global physical therapy equipment market is showing immense possibilities in terms of gaining traction from various sectors and companies who are taking part in the growth of the market. These companies are known for their extensive plans and moves that often include merger, tie-ups, acquisition, innovation, and others. These moves have been amply backed by increasing investment in the sector. These companies are DJO Global, INC., BTL Industries, ENRAF-NONIUS B.V, Dynatronics Corporation, EMS Physio, ITO CO. LTD., Zimmer Medizinsysteme GMBH, Whitehall Manufacturing, Performance Health (Subsidiary of Madison Dearborn Partners, Mectronic Medicale, and others.
The global physical therapy equipment market can be segmented on the basis of product, application, and end user.
By product, the physical therapy equipment market can be segmented into equipment and accessories. The equipment sector is expected to score more owing to its inclusion in several associated segments like gynecological, pediatric, and others. The accessories segment has the better growth rate.
By application, the physical therapy equipment market includes musculoskeletal applications, gynecological applications, cardiovascular & pulmonary applications, neurological applications, and others. The musculoskeletal applications segment has better growth prospect and it is gaining its traction from the geriatric population.
By end users, the global market report on the physical therapy equipment includes hospitals & clinics, home care setting, and physiotherapy centers. The hospital & clinics
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North America is a region that is expected to thrive on the benefits of better healthcare structure, high investment possibilities, increased number of innovations, better awareness among people, increasing possibilities for the investors to make the most of this market, and others. High investment capacity of the population can boost the growth of the market. In the US and Canada, the market growth would be substantial due to their superlative infrastructures and high investment capacity.
Europe would be following similar trends as the regional players like Germany, the UK< France, and others are developing their healthcare sector constantly. Such growth in diverse sector is expected to make sure that the market gains better mileage in the coming years.
The Asia Pacific (APAC) market has the potential to make sure that the regional market gains significant traction. This is due to the presence of countries like Japan, China, India, and others. These regions, with their dense populations, are expected to make sure that the market receives substantial growth in the coming years.
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