PHYSIOTHERAPY EQUIPMENT MARKET ANALYSIS

Physiotherapy Equipment Market, By Product (Equipment (Hydrotherapy, Cryotherapy, Continuous Passive Motion (CPM), Electric Stimulation, Heat Therapy, Therapeutic Exercises, and Ultrasound) and Accessories), By Application (Musculoskeletal, Neurology, Cardiovascular and Pulmonary, Pediatric, and Others), By End User (Hospitals, Clinics, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : May 2023
Code : CMI2688
Pages :167
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Global Physiotherapy Equipment Market- Restraint

Inadequate Reimbursement Policies

Inadequate reimbursement policies are expected to hinder growth of the global physiotherapy equipment market. Reimbursement policies for physiotherapy equipment vary across the world. For instance, in the U.S., Medicare and Medicaid are key insurance programs which are managed by the Centers for Medicare &Medicaid Services– an organization that covers health-related services in the country. However, Medicare does not reimburse physiotherapy, speech therapy, occupational therapy, chiropractic services, and eye therapy. By decreasing manufacturing defects the key players can over come inadequate reimbursement policies.

Global Physiotherapy Equipment Market – Drivers

Increasing Prevalence of Musculoskeletal Injuries

Increasing prevalence of musculoskeletal injuries is expected to drive the market growth over the forecast period. For instance, in March 2023, according to data published by The Journal of Bone and Joint Surgery, a biweekly peer reviewed medical journal in the field of orthopedic surgery, 1,645 responding orthopaedic surgeons (7% response rate) reported a total of 2,702 work-related musculoskeletal injuries, and 17.9% in U.S., which required surgical treatment.

Restraints & Challenges: