Demand for physiotherapy witnessed a heavy slump abruptly amid the COVID-19 outbreak. More than 85% of the World Physiotherapy organisations have reportedly registered remarkable disruption in their physiotherapy practice during the pandemic situation. New physiotherapy equipment sales thus experienced a notable plunge throughout the year 2020. Although the fear of acquiring infections during in-person physiotherapy sessions prevails among a sizeable patient population, the market is now picking up fast. A new intelligence report of Fairfield Market Research offers a detailed overview and forecast of global physiotherapy equipment market.
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Prevalence of Musculoskeletal Disorders to Uplift Demand
Incidences of musculoskeletal disorders (MSDs) prevail, which will remain the key factor driving demand for physiotherapy equipment. With more than 1.7 billion people suffering the consequences of MSDs, and certain disabilities that follow. An increasing number of such patients living with disabilities is likely to sustain the demand for physiotherapy equipment. The GBD (Global Burden of Disease) report reveals that the trend remains more prominent across high-income regions. Rising patient awareness regarding the benefits of effective physiotherapy is also expected to spur sales of a range of physiotherapy equipment.
Greater Technology Intervention to Widen Penetration of Physiotherapy Equipment Market
Digitisation has been playing a vital role in transformation of healthcare industry. Growing intervention of next-gen technologies like machine learning, and Artificial Intelligence has also been breathing new life into physiotherapy machines with an ultimate aim of improving the patient outcome. Equipment manufacturing thus continue to focus on innovative launches, including wearables, supposed to help both patients, as well as physiotherapists. Remote physiotherapy is the fast-emerging segment likely to elevate growth prospects of physiotherapy equipment in the near future.
Market Continues to Surge Ahead in Developed Regions, Demand Set for an Upsurge in Asian Countries
While there has been a steady rise in demand for physiotherapy equipment worldwide, the same is likely to see a notable spike in Asian economies. Over the course of next few years, high-potential markets across the Asian subcontinent like China, and India are expected to develop strong growth potential for physiotherapy equipment sales on account of the expanding elderly population, and an increasing activity in the MSD treatment space. On the back of sophisticated healthcare infrastructure, favourable reimbursement scenario, and supportive healthcare policy structure, physiotherapy equipment manufacturers continue to reap profits in North America, and Europe. The market here will also benefit significantly from the growing prominence of specialist, and advisory physiotherapy services like acupuncture, acupressure, manipulative therapy, and sports massage.
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Key Players in Physiotherapy Equipment Market
Some of the leading companies stirring competition in the physiotherapy equipment market, include Zimmer Medizin Systeme GmbH, Performance Health, Life Care Systems, DJO Global, BTL Industries, ITO Co., Ltd., EMS Physio Ltd., and Storz Medical AG.
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