The growth of physiotherapy equipment market is primarily driven by rapidly growing geriatric population and the subsequent increase in the global prevalence of chronic diseases, and growing incidence of sports injuries, degenerative joint disorders, and cerebrovascular disease.
What the market looks like? The physiotherapy equipment market is projected to reach USD 21.1 billion by 2024 from USD 15.1 billion in 2018, at a CAGR of 5.8%.
Electrotherapy Physiotherapy Equipment: The electrotherapy equipment segment is projected to grow at the highest CAGR between 2018 and 2024. Growth in this segment is mainly driven by the increasing adoption of electric stimulation-based techniques for physiotherapy. Neuromuscular electrical stimulation (NMES), specifically functional electrical stimulation (FES) that compensates for voluntary motion, and therapeutic electrical stimulation (TES) aimed at muscle strengthening and recovery from paralysis are widely used in clinical settings for rehabilitation, especially for stroke.
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Europe will be the land of opportunity for the market players: Europe is the major revenue-generating regions in the global physiotherapy equipment industry. Factors such as the rising geriatric population, increasing inclination for active lifestyles, the penetration of physiotherapy services, and favorable healthcare reforms are driving the growth of the physiotherapy equipment market in Europe.
The major physiotherapy equipment vendors include DJO Global (US), Performance Health (US), BTL Industries (US), and EMS Physio (UK).
Key Market Players in Physiotherapy Industry: DJO Global, Inc., BTL Industries, Enraf-Nonius B.V, Dynatronics Corporation, EMS Physio, ITO Co. Ltd, Mectronic Medicale, Performance Health (Subsidiary of Madison Dearborn Partners), Whitehall Manufacturing, Zimmer Medizinsysteme GmbH.