Physiotherapy equipment market was estimated to be over US$ 15 Bn in 2018. It is anticipated to grow at a CAGR of 5.4% from 2019 to 2030.
The continual growth of the physiotherapy equipment market can be attributed to several factors such as increasing sports injuries, rising prevalence of chronic diseases and growing geriatric population. Additionally, increasing road accidents in the global scenario is likely to drive the market. One of the major factor that supports the growth of this market is the rising number of functional disabilities in the global geriatric population. To obtain better insights regarding the market scenario, prominent players are increasingly focusing on innovations and technological advancements. For instance, the University of South Florida is using the virtual reality technology to study how VR can help patients who have disabilities or have suffered strokes or traumatic injuries. However, shortage of trained professionals and less awareness about different physiotherapy options is likely to restrain the growth of overall market.
Major Key Players of the Physiotherapy Equipment Market are:
BTL, Enraf-Nonius B.V., Dynatronics Corporation, EMS Physio Ltd., Ito Co., Ltd., A. Algeo Limited, Zimmer MedizinSysteme GmbH, Whitehall Manufacturing, Mectronic Medicale S.r.l., HMS Medical Systems among others.
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