Europe Region Is The Major Revenue Source in Physiotherapy Equipment Market 2019

by HealthcareNews
Europe Region Is The Major Revenue Source in Physiotherapy Equipment Market 2019

Europe is the major revenue-generating region in the global physiotherapy equipment market. 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 growth of this 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.

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%.

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The musculoskeletal applications segment accounted for the largest share of the physiotherapy equipment market, followed by the neurological applications segment. The large share of the musculoskeletal applications segment is attributed to the rising incidence of musculoskeletal disorders, growth in the geriatric population, and the increasing number of accidents.

Recent Developments:

  • In 2018, DJO entered into a strategic partnership with XPO Logistics, to manage portions of DJO’s North American distribution operations.
  • In 2017, Dynatronics partnered with Orthopedic Outfitters to distribute Dynatronics’ physiotherapy and rehabilitation products.

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April 24, 2019
by HealthcareNews