Published on : Jan 12, 2018
Albany, New York, January 12, 2018: Over the years, there have been innumerable developments in the ways of practice in medical science. In the present time, rising geriatric population has presented various opportunities for medical devices, and one of them is physiotherapy devices. Lifestyle changes, poor habits, and availability of physiotherapy services has boosted market growth in the past few years. To elaborate further, a new study titled “Physiotherapy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been broadcasted to the massive repository of Market Research Hub (MRH). The study offers a holistic perspective on the market’s growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Market Size and Growth Dynamics
In this study, the market size and forecast in terms of US$ Mn for various segment of physiotherapy devices have been provided for the period from 2015 to 2025. It also provides information and data analysis of the country’s market with respect to the segments that are based on product type, application and end-users. As per the study recent findings, the global physiotherapy devices market is likely to be worth US$2,838.9 mn by the end of 2025 from US$1,686.1 mn in 2016. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 6.1%.
The report further states that growing number of geriatric population, rising prevalence of different diseases among several age-groups, and introduction of novel technologies are the major drivers of the global physiotherapy devices market during the forecast period. Pregnant women are also recommended for physiotherapy in order to ensure normal growth of the fetus. Thus, rise in the number of pregnancies has also spiked the demand for physiotherapy devices.
Moreover, increasing participation in sporting activities has terrifyingly raised the number of injuries. To recover from sports injuries several players have to opt for physiotherapy to regain their muscle strength. Initiation of various sporting events around the world along emphasis on sports in various schools has prompted the market for physiotherapy devices.
For a clear understanding, the research focuses on major categories such as product type, application and end-users. Based on the products, the global physiotherapy devices market is categorized into equipment, kit and accessories. Based on application, the market has been segmented into neurological, musculoskeletal, cardiovascular and others. Major end-users are hospitals, physiotherapy clinics, rehabilitation centers, and others. In terms of geographical expansion, the report finds that North America market holds the highest market share in 2016 and shows a potential market attractiveness but the Asia Pacific market represents a promising growth rate in the forecast period.
Later, in order to provide users of this report with a comprehensive view of the market, analysts have included detailed competitiveness analysis and company players with their SWOT analysis and strategic overview. Prime players operating in the global physiotherapy devices market includes A. Alego Limited DJO Global, EMS Physio Ltd., BTL, Enraf-Nonius, Dynatronics Corporation, Ossur, Patterson Medical Ltd., HMS Medicals Systems.
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