The global physiotherapy equipment market is largely governed by prominent players such as
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As per Market Industry Reports (MIR) research findings, rising incidence of musculoskeletal disorders, growing geriatric population and rise in number of accidents, set to open new avenues for stakeholders.
Persistent growth of the physiotherapy equipment market can be attributed to several factors such as increasing sports injuries, rising prevalence of functional disabilities and growing geriatric population. In addition, rise in road accidents globally is likely to drive the growth of the physiotherapy equipment market. Moreover, the rapid growth in the number of physiotherapy clinics and increase in the physiotherapeutic services are the factors propelling the growth of the market.
Technological advancements have also played a key role in shaping the growth of the global physiotherapy equipment market. For instance, Ekso Bionics, a Berkeley-based company, developed the Ekso suit which is an aluminum and titanium exoskeleton that helps patients suffering from varying degrees of paralysis or hemiparesis with movement. However, high maintenance cost of the physiotherapy equipment’s and lack of trained and skilled professionals to control and operate the physiotherapy equipment hampers the market to certain extent.
“Companies are striving to build their physiotherapy equipment portfolio to provide solution for several disabilities with the use of advanced technology such as robotic systems and implanted devices. Customers prefer new and advanced physiotherapy equipment’s that can be used for rapid recovery,” said Sonal, Senior Analyst, Healthcare at MIR.
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MARKET ECOSYSTEM/CLASSIFICATION
By Product
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By Application
From a regional perspective, Asia-Pacific is expected to witness highest CAGR in the coming years owing to, increase in population, rapidly growing economy and increase in awareness among the population, are expected to aid the growth of physiotherapy equipment market in this region. Additionally, availability of large patient pool and consistently refining healthcare infrastructure in this region are contributing to the growth of the market in this region.
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To view the original version on The Express Wire visit Physiotherapy Equipment Market Analysis by Top Players (2019-2030) | BTL, EMS Physio, Algeo Limited, Ito Co., Ltd, Whitehall Manufacturing