Physiotherapy is a health profession that is dedicated to improving the life of patients by solving a variety of issues related to their body movement, physical activities, and overall wellness. Closely associated with movement sciences, physiotherapy practices help manage chronic and acute pains, cases of activity limitations, and numerous injuries. By rehabilitating injuries and the effects of disability, physiotherapy practices improve and maintain the optimal physical performance abilities, eventually leading to functional independence. This healthcare approach, helps to attain an overall improvement in the functions of multiple systems of the human body, hence it is considered as an important approach of preventive and therapeutic medical intervention.
Physiotherapy practices adhere to a wide range of assessment and diagnostic tools and procedures. All physiotherapy procedures apply a reasoned and collaborative approach for helping patients overcome a number of conditions related to, but not limited to, musculoskeletal, cardiorespiratory, and neurological systems of the body. Within these systems, physiotherapy procedures are practiced in areas including sports medicine, oncology, geriatrics, pediatrics, wound care, critical care, women’s health, and occupational health.
Increasing Geriatric Population and Sports-related Injuries Boost Physiotherapy Equipment
A research study published by market research firm Persistency Market Research states that the global market for physiotherapy equipment valued over US$14.5 billion in 2015. The report states that rising prevalence of a number of cardiopulmonary and neurological conditions, rising population of geriatric people, and the increasing incidence of sports-related injuries across the globe are some of the key factors fuelling demand for physiotherapy equipment. The market is also driven by high growth opportunities in developing economies and the introduction of portable varieties of a number of physiotherapy devices in the market.
For analyzing the impact of a disease, injury, or lifestyle of a patient on body movements and functions and restoring normal body movements and functions, the field of physiotherapy utilizes a wide variety of equipment for procedures such as cryotherapy, electric stimulation, continuous passive motion, therapeutic exercises, ultrasound, hydrotherapy, and heat therapy. This is expected to fuel the demand from the global physiotherapy equipment market.
While there is an overall rise in awareness about the vast benefits of physiotherapy these days, unfavorable reimbursement policies, inadequacy in the number of skilled physiotherapists, high base and maintenance costs of physiotherapy equipment are some of the factors restraining growth of the global physiotherapy equipment market.
Geography-based Market Overview
The global physiotherapy equipment market currently earns the largest share of revenue from North America. The region is expected to remain the leading market segment over the next few years. By the end of 2015, the valuation of North America physiotherapy equipment market is expected to reach US$6 billion. Exhibiting a 6.9% CAGR over the period 2015-22, this regional market is expected to be worth US$9.5 billion by 2022.
The European market for physiotherapy equipment is anticipated to exhibit moderate growth prospects over same period, while the market in Asia Pacific is expected to grow at the fastest pace. A large base of geriatric population and an increasing number of government initiatives, along with a large number of people suffering from neurological diseases in China and Japan, are expected to fuel the demand for physiotherapy equipment in the Asia Pacific market.