Global 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) is estimated to be valued at US$ 24,657.8 Million in 2023, exhibiting a CAGR of 6.9% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
The key market players are focusing on the organic strategies such as product launches, and this is expected to drive global physiothereapy equipment market growth over the forecast period. For instance, in January 2022, Sonex Health, an innovative ultrasound manufacturer announced the first trigger finger release (TFR) procedures in the U.S. that is performed using real-time ultrasound guidance with the Sonex Health UltraGuideTFR device.
Global Physiotherapy Equipment Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems regarding transportation of drugs from one place to another.
COVID-19 positively affected the the market as during the pandemic people become conscious about the physical health and leaning towards the physiotherapy. For instance, in August 2022, a data was published by the Health Point physiotherapy, a physiotherapy clinic, according to that, SCENAR therapy is one of the effective physiotherapy treatment modality. Which uses a a low frequency current and works through increasing the blood circulation which, in turn, leads to improved delivery of oxygen to the tissues hence maintaining efficient oxygenation, cellular metabolism and homeostasis.
Global Physiotherapy Equipment Market- Key Developments
Increasing launch of products by the key market players is expected to drive the global physiotherapy market growth over the forecast period. For instance, in July 2022, GE Healthcare, a healthcare technology and diagnostics company, launched the next-generation Voluson. This latest addition to GE Healthcare’s award-winning Women’s Health portfolio, which utilizes graphic-based beam former technology, which produces higher quality images and offers greater flexibility in imaging functions.
Browse 34 Market Data Tables and 24 Figures spread through 167 Pages and in-depth TOC on “Global Physiotherapy Equipment Market”- Forecast to 2030, Global 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)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/physiotherapy-equipment-market-2688
Key Takeaways of the Global Physiotherapy Equipment Market:
- Global physiotherapy equipment market is expected to exhibit a CAGR of 6.9% during the forecast period, due to increasing facility expansion by the key players. For instance, in November 2021, Koninklijke Philips N.V., one of the leaders in health technology, announced that it had signed an agreement to acquire Cardiologs, a France-based medical technology company focused on transforming cardiac diagnostics by using artificial intelligence (AI) and cloud technology.
- Among application, the musculoskeletal and pulmonary segment is expected to hold a dominant position in the global physiotherapy market over the forecast period, owing to increasing musculoskeletal and pulmonary injuries. For instance, according to the World Health Organization 2023, Approximately 1.71 billion people have musculoskeletal conditions worldwide.
- Among region, North America is expected to hold a dominantposition in the global physiotherapy equipment market, owing to increasing technological advancement by key market players, in order to expand the product portfolio and to strengthen their market presence
- Major players operating in the global physiotherapy equipment market include Enraf-Nonius B.V., DJO Global, EMS Physio Ltd., Dynatronics Corporation, A. Algeo Limited, BTL Industries, Inc., HMS Medical Systems, Whitehall Manufacturing, Patterson Companies, Inc., and Isokinetics, Inc.
