Physiotherapy Market: China, Japan, India, Brazil, and Australia are High Potential Markets for Business Growth

 

Physiotherapy Equipment Market is experiencing significant growth due to factors such as the rapidly growing ageing population and the subsequent increase in the global prevalence of chronic diseases are the major factors driving the growth of the physiotherapy equipment market. In addition, the growing incidence of sports injuries, degenerative joint disorders, and cerebrovascular disease will also contribute to market growth in the coming years.

This study involved four major activities for estimating the current size of the global physiotherapy equipment market. Exhaustive secondary research was conducted to collect information on the market as well as its peer and parent markets. The next step focused on validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the sizes of segments and sub-segments.

[181 Pages Report] The global physiotherapy equipment market size is expected to reach USD 21.7 billion by 2025 from an estimated value of USD 16.6 billion in 2020, growing at a CAGR of 5.6%.

Market Size Estimation:

The market size and market growth were estimated through primary interviews on a regional and global level. All responses were collated, and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.

The size of the global physiotherapy equipment market was obtained from annual reports, SEC filings, online publications, and extensive primary interviews. A percentage split was applied to arrive at the size of market segments. Further splits were applied to arrive at the size for each sub-segment. These percentage splits were validated by primary participants. The country-level market sizes obtained from the annual reports, SEC filings, online publications, and extensive primary interviews were added up to reach the total market size for regions.

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Recent Developments in Global Physiotherapy Industry:

1. In 2019, Colfax Corporation (US) acquired DJO Global (US). Through the acquisition Colfax Corporation will provide physical therapy and orthopedic products under the DJO brand.

2. In July 2018, Mectronic Medicale (Italy) launched Doctor Tecar XP, an electromagnetic tecar therapy stimulator.

3. In April 2018, DJO Global (US) entered into a strategic partnership with XPO Logistics (US) to manage portions of DJO’s North American distribution operations. Under this partnership, DJO opened a state-of-the-art distribution center in Dallas–Fort Worth, Texas, which is being managed by XPO.

4. In February 2018, EMS Physio Ltd. (UK) launched NeuroTrac PelviTone Dual-channel Stimulator.

Key Questions Answered in Research Report:

1. Which segment will dominate the physiotherapy equipment industry in the future?

2. Which end-user segment will dominate the physiotherapy equipment in the future?

3. Emerging countries offer immense opportunities for the growth and adoption of physiotherapy equipment; will this scenario continue in the coming five years?

4. Where will all the advancements in technology offered by various companies take the industry in the mid- to long-term?

5. What are the upcoming products in the physiotherapy equipment market?

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Key Players:

The leading players in this market include DJO Global (US), BTL Industries Inc. (US), Performance Health (US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics Corporation (US), Mectronic Medicale (Italy), EMS Physio Ltd. (UK), Whitehall Manufacturing (US), Zimmer MedizinSysteme GmbH (Germany), Zinex Inc. (US), STORZ Medical AG (Swotzerland), Life Care Systems (India), and Mettler Electronics Corp. (US).