For the treatment of different types of disabilities and diseases, various types of equipment are used by physical therapists. These kinds of equipment are known as physiotherapy equipment.
The Global Physiotherapy Equipment Market is expected to grow at a rate of ~7% by 2026. Increasing demand for rehabilitation centers, rising geriatric population, growing prevalence of neurological, musculoskeletal, and cardiovascular diseases, increasing cases of road accidents, and the rising incidence of sports injuries are a portion of the key variables driving the worldwide physiotherapy equipment market.
Upward Adoption of Electrotherapy Equipment in Physiotherapy Drives the Physiotherapy Equipment Market
Electrotherapy equipment is a famous methodology utilized in physical therapy and rehabilitation. It utilizes an electrical machine that delivers electrical impulses to a patientâ€™s body. This stimulation is done to promote and facilitate muscle healing and tissue regeneration. Since it is a non-invasive treatment method, it is not painful. Electrotherapy is very useful in conditions where medications are not effective. The common forms of electrotherapy equipment that physiotherapists use is transcutaneous electrical nerve stimulation (TENS), interferential therapy, electrical muscle stimulation (EMS), percutaneous electrical nerve stimulation (PENS), and therapeutic ultrasound.
Expanded Demand for Orthopedic, Musculoskeletal & Neurological Rehabilitation Fuels the Physiotherapy Equipment Market
The musculoskeletal system includes muscles, bones, joints, ligaments, tendons, and cartilage. Orthopedic rehab utilizes different strategies to assist muscles and joints work to improve, maintain, or restore physical strength, cognition, and mobility with maximized results. Individuals with a neurological condition can show great potential for recovery in both the early and late stages of rehabilitation following injury. Many organizations are creating different rehabilitation products that can help patients improve their everyday activities and mobility.
In June 2022, Enovisâ„¢ announced they have entered into a strategic partnership with Kelviâ„¢, to deliver industry-leading heating and cooling therapies for rehabilitation, recovery, and performance enhancement to patients and athletes of all abilities
In January 2022, Zynex, Inc. announced the launch of post-operative and OA (Osteoarthritis) knee braces to its line of pain and rehabilitation products. Braces are proven to relieve pain and increase mobility
Key Challenges/ Constraints: Physiotherapy Equipment Market
The high maintenance costs associated with physiotherapy equipment, limited reimbursement policies for physiotherapy treatments, shortage of skilled & trained professionals, and the presence of alternative therapies such as acupuncture, and yoga are some of the key factors restricting the growth of the physiotherapy equipment market.
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North America Holds Largest Market Share While APAC Set to Witness Highest Growth
North America holds the largest market share of the physiotherapy equipment market followed by Europe and the Asia Pacific. The increased number of people participating in fitness regimens and sports, increased demand for rehabilitation treatments, and the growing prevalence of osteoporosis in this region are some of the key factors driving the growth of this market.
Companies Adopt both Organic & Inorganic Growth Strategies to Increase their Market Share
Players operating in global physiotherapy equipment market are adopting organic and inorganic growth strategies such as collaborations, acquisitions, and expansions to garner market share.
In June 2022, Enovis Corporation announced the launch of its Arsenal Ankle Plating Systemâ„¢. This system consists of 37 anatomically designed plates throughout nine plate families, offering a plating solution for any ankle fracture
In February 2022, DJOÂ® announced they have entered into a strategic partnership with the Professional Football Athletic Trainers Society (PFATSÂ®) where PFATS will be recommending and endorsing specific DJO products as part of its partnership with DJO
Competitive Landscape Analysis of Physiotherapy Equipment Market
The physiotherapy equipment market is marked by the presence of established key players such as EMS Physio Limited, BTL Industries, DJO Global Inc., Enraf-Nonius B.V, and Dynatronics Corporation, among others.
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