Major Insights of Physiotherapy Equipment: Musculoskeletal Application to Hold High Revenue Share During the Forecast Period 2017 - 2022
Press Release – 09
Jan 2019
Research
and Development News
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Latest
Update
"Global Market Study on Physiotherapy Equipment: Musculoskeletal
Application to Hold High Revenue Share During the Forecast Period
2017 - 2022"
with Industries Survey | Global Current Growth and Future.
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A newly compiled business publication at the
headquarters of Persistence Market Research (PMR) has detected that
the shares in the global physiotherapy equipment market is primarily
consolidated among a small pool of prominent players who have a
presence in several countries. Companies such as Enraf-Nonius B.V,
DJO Global, EMS Physio Ltd., Dynatronics Corporation, A. Algeo
Limited, HMS Medical Systems, and BTL Industries, Inc. are the major
players in the global physiotherapy equipment market. In terms of
product offerings, Enraf-Nonius B.V. and BTL Industries, Inc. are
ahead of the curve, offering physiotherapy equipment in over 50
countries.
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“Global
Physiotherapy Equipment Market to Reach US$ 23.0 Bn by 2025”
As per the projections of this report, the demand
in the global physiotherapy equipment market will multiply at a CAGR
of 6.9% during the forecast period of 2017 to 2022. Revenue-wise, the
opportunities in the global physiotherapy equipment market is
estimated to reach a valuation of US$23,750.9 mn by the end of 2022.
Based on product type, the analyst of the PMR
report has segmented the physiotherapy equipment market into
equipment, accessories, and others. While the equipment segment has
been further sub-segmented into continuous passive motion,
hydrotherapy, electric stimulation, cryotherapy, heat therapy,
ultrasound, and therapeutic exercises, the accessories have been
divided into orthoses and others. End user bifurcation of the market
has been done into clinics, hospitals, and others. Application-wise,
the market for physiotherapy equipment has been categorized into
musculoskeletal, cardiovascular and pulmonary, neurology, and
pediatrics. Geographically, North America has been highlighted as the
region with maximum opportunities, although vastly populated emerging
economies of India and China are expected to turn Asia Pacific into a
highly lucrative region towards the end of the forecast period.
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On the
basis of product type, the physiotherapy equipment market has been
segmented into equipment, accessories, and others. The equipment
segment has been further bifurcated into hydrotherapy, continuous
passive motion, electric stimulation, heat therapy, cryotherapy,
ultrasound, and therapeutic exercises. Moreover, the accessories
segment has been sub-segmented into orthoses and others. As of 2017,
the equipment sub-segments collaboratively provided for a revenue of
US$11,183.7 mn, although the accessories are expected to gain newer
demands at a slightly stronger CAGR.
“Musculoskeletal to Emerge as a Key
Application Segment”
End user classification of the physiotherapy
equipment market has been done into hospitals, clinics, and others.
By the end of 2022, the hospitals segment is projected to provide for
a demand worth of US$16,449.7 mn. Owing to the significant cost of
these tools, most of the patients prefer to visit multispecialty
hospitals or specialized clinics for the procedures. Based on
application, the physiotherapy equipment market has been divided into
musculoskeletal, cardiovascular and pulmonary, neurology, and
pediatrics. Among these, the musculoskeletal segment is most
profitable in terms of value, promising to offer opportunities worth
US$9,126.1 mn by the end of 2022. The segments of neurology and
cardiovascular and pulmonary are also poised for impressive growth
over the course of the forecast period.
“North
America and Europe Highly Profitable Regional Markets”
Geographically, North America has been identified
as most lucrative region, followed by Europe. These two regions have
better healthcare infrastructure than the rest of the world and most
of the pioneering companies hail from constituting countries.
However, Asia Pacific has also been highlighted as a region with
proliferating demand, which is a reflection of vast populations
residing in the emerging economies of China and India. By the end of
2022, the North America physiotherapy equipment market is estimated
to be worth US$1,387.7 mn.
Continue.....
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