Physiotherapy equipment refers to the instruments, machines, and other devices used by physiotherapists to assist with the evaluation, treatment, and rehabilitation of patients suffering from a variety of physical diseases or injuries. These tools and technologies are designed to aid with mobility, healing, pain alleviation, and improved general physical function.
According to SPER market research, ‘Physiotherapy Equipment Market Size- By Product, By Equipment Type, By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Physiotherapy Equipment Market is predicted to reach 38.91 billion by 2033 with a CAGR of 7.13%.
Drivers:
Growing Technological Advancement
- Businesses in the global market are progressively focusing on technological breakthroughs and developing new items to provide better and more user-friendly electronics. Exoskeletons, virtual reality, robotics, implanted gadgets, and interactive video games are likely to provide several opportunities for industry players.
- Cybertheory is another technological invention that is pushing industry growth. In cybertheory, patients communicate with their doctors via a wireless connection. Furthermore, e-therapy is becoming increasingly popular due to its numerous advantages for both medical professionals and patients in need of physiological therapies. Over the anticipated period, technological developments would drive demand for physiotherapy products.
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Restraints:
High cost of advanced equipment
- The high expense of obtaining advanced physiotherapy equipment can be a substantial obstacle for many clinics and healthcare facilities, especially those with smaller or independent practices. Advanced equipment also comes with continuing maintenance and operational expenditures, which can put a burden on healthcare facilities' finances. This expensive load may dissuade establishments from upgrading their current equipment or extending their services.
- Patients may be unaware of the benefits of physiotherapy and modern treatment choices. This lack of awareness can result in lesser demand for physiotherapy services and equipment.
Impact of COVID-19 on Global Physiotherapy Equipment Market
The recent COVID-19 outbreak had a detrimental impact on the physiotherapy equipment market's revenue in 2020. The pandemic disrupted worldwide supply lines, resulting in manufacturing delays and therapeutic equipment shortages. This has resulted in difficulties in meeting rising demand for equipment, prompting a temporary halt in industrial expansion. During the epidemic, numerous elective operations and non-urgent procedures were postponed or cancelled. This resulted in a temporary drop in demand for physiotherapy equipment used in post-operative recovery. However, when healthcare systems improved and elective surgeries resumed, demand increased year after year.
Physiotherapy Equipment Market Key Players:
North America dominated the market in 2023 due to an increase in the number of accidents and mishaps, a rising incidence of osteoporosis, and a growing senior population. The presence of various hospitals and home care providers for convalescent patients is fueling market expansion. The rising prevalence of chronic conditions such as Parkinson's, stroke, paralysis, and spinal injuries is expected to drive up demand for physiotherapy services. Furthermore, the high frequency of cardiovascular illness, arthritis, neurological disorders, and musculoskeletal ailments has propelled the regional physiotherapy equipment market. Some of key market players are BTL, EMS Physio Ltd, Dynatronics Corporation, RICHMAR, Performance Health, Storx Medical AG, and Others.
Global Physiotherapy Equipment Market Segmentation:
By Product: Based on the Product, Global Physiotherapy Equipment Market is segmented as; Laser Therapy Equipment, Continuous Passive Motion Devices, Transcutaneous Electrical Neural Stimulator, Interferential Stimulator, Electrical Muscle Stimulator, High Voltage Pulsed Galvanic Stimulator, Ultrasound Therapy Equipment, Traction Equipment, Diathermy Equipment, Exercise Equipment.
By Equipment Type: Based on the Equipment Type, Global Physiotherapy Equipment Market is segmented as; Cryotherapy, Hydrotherapy, Electrotherapy, Continuous Passive Motion Units, Multi-exercise Therapy Unit, Heat Therapy, Ultrasound Physiotherapy, Others.
By Application: Based on the Application, Global Physiotherapy Equipment Market is segmented as; Neurological, Musculoskeletal, Cardiovascular and Pulmonary, Others.
By End User: Based on the End User, Global Physiotherapy Equipment Market is segmented as; Hospitals, Rehabilitation Centers/Clinics, Homecare Settings.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link –
Physiotherapy Equipment Market Demand
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