Physiotherapy Devices Market is driven by the rising incidence of neurological disorders and increasing geriatric population
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Physiotherapy, also known as physical therapy, is provided by physiotherapists to patients suffering from disabilities and impairments of mobility. Physiotherapists are health care professionals efficient in diagnosis and treatment of medical conditions mentioned above.
Physical therapy also involves an interaction between patient and physiotherapist in order to access and diagnose the potential movement. It also helps in setting certain goals for early and effective physiotherapy.
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Physiotherapy is suggested for patients having problem in moving their body or functioning of any body parts. Rising incidence of accidental injuries, sports injuries, and chronic diseases that affects body movements and functioning is likely to drive the physiotherapy devices market.
Rising incidence of neurological disorders and increasing geriatric population are factors projected to propel the physiotherapy devices market in the near future. Moreover, with increasing number of surgeries and increasing number of rehabilitation post-surgery, likely to drive the physiotherapy devices market in the forecast period.
However, lack of skilled physiotherapists, high maintenance cost, and stringent regulations hamper the growth of the market.
Rise in geriatric population is expected to propel the physiotherapy devices market during the forecast period. According to the World Health Organization projection, global geriatric population will reach nearly 2 billion by 2050 from around 547 million in 2010.
Increasing incidence of orthopedic disorders such as ailments, injuries or diseases that cause knee problems is expected to fuel the growth of the physiotherapy devices market. Moreover, increasing women’s health care concerns are anticipated to augment the physiotherapy devices market.
Pregnant women require special physiotherapy services to maintain their fetus growth and health. Other factors such as increasing burden of cardiovascular diseases and neurological diseases are expected to boost the growth of the market.
According to the American Heart Association, in 2015, cardiovascular disease was the leading cause of death, with around 17.3 million deaths globally per year.
The global physiotherapy devices market has been segmented based on product, application, end-user, and region. In terms of product, the market has been categorized into devices and accessories.
The devices segment has been sub-segmented into cryotherapy, CPM, ultrasound, therapeutic exercise, electric stimulation, hydrotherapy, heat therapy, and others. Based on application, the global physiotherapy devices market has been segmented into neurology, cardiovascular and pulmonary, musculoskeletal, women's health and palliative care, pediatrics, and others.
In terms of end-user, the market has been segmented into hospitals, clinics, rehabilitation centers, and others.
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Geographically, the global physiotherapy devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for larger market share due to rising prevalence of cardiovascular and neurological disorders.
According to the American Heart Association, cardiovascular disease accounts for about 2,200 deaths in the U.S. each day, an average of 1 death every 40 seconds.
Europe is anticipated to be the second largest market driven by rising number of injuries and accidents. The market in Asia Pacific is expected to expand at the highest CAGR due to increasing awareness and aging population in countries such as Japan, China, and India.
Rising health care expenditure and disposable income are other factors likely to drive the physiotherapy devices market in Asia Pacific. Countries such as Brazil and Mexico in Latin America have significant potential due to evolving health care structure.
Major players operating in this market include BTL, DJO Global, Inc., EMS Physio Ltd., Patterson Companies, Inc., Enraf-Nonius, Dynatronics Corporation, Isokinetics, Inc., Whitehall Manufacturing, and HMS Medical Systems.
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