Article -> Article Details
Title | Physical Therapy Equipment Market - Economic Conditions, Acquisitions by 2025 |
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Category | Fitness Health --> Addictions |
Meta Keywords | Physical Therapy Equipment Market |
Owner | vinit |
Description | |
Overview: The global physical
therapy equipment market is all set to score more than USD
19100 million by 2025, with a possible charting of 6.21% CAGR during the
forecast period of 2019 to 2025. Market Research Future (MRFR) included several
factors like rising cases of orthopedic disorders, various sports injuries,
increasing awareness regarding physical therapy instruments, hike in investment
for the research and development sector, the surge in support from private and
government institutions, increasing involvement of government schemes through
various schemes for rehabilitation projects, mergers and acquisitions, and
others. Segmentation: MRFR’s assessment of the physical therapy equipment market
relies on a segmentation that includes the product, application, and end users.
This helps in getting deeper into the market and getting insights from several
important factors that would help in boosting the market growth. By product, the global market for physical therapy equipment
has been segmented into equipment and accessories. The equipment segment has
the largest market share and the accessories segment is predicted to register
the fastest growth during the forecast period. By application, the global study involving the physical
therapy equipment market has been segmented into musculoskeletal applications,
neurological applications, pediatric applications, cardiovascular &
pulmonary applications, gynecological applications, and others. The
musculoskeletal applications segment has the maximum market coverage, whereas
the neurological applications would be the fastest-growing market. By end users, the market has been segmented into hospitals
& clinics, physiotherapy centers, and home care settings. The hospitals
& clinics segment has the largest market share and the physiotherapy center
segment is about to become the fastest-growing. Competitive Analysis: The global market for physical therapy equipment is getting
backed by the strategic developments launched by companies like Enraf-Nonius
B.V (Europe), DJO Global, Inc. (US), BTL Industries (US), ITO Co. Ltd (Japan),
Dynatronics Corporation (US), EMS Physio (UK), Performance Health (Subsidiary
of Madison Dearborn Partners) (US), Whitehall Manufacturing (US), Zimmer
Medizinsysteme GmbH (Germany), Colfax Corporation (US), Mectronic Medicale
(Europe), and STORZ MEDICAL (US). These companies have plans to make moves that
depend on mergers, acquisitions, collaborations, and others. Ensuring a hike in
the investment for the research and development sector could boost the market
as well by helping in launching innovative products. This will boost market
competition as well. Industry News: In 2020, the outbreak of the COVID-19 pandemic has changed
the market scenario of a lot of sectors. The healthcare segment has been
affected particularly. Some segments witnessed the growth and some dealt huge
blows. The physical therapy segment belongs to the latter group. This segment
is known for physical contact as a part of the treatment. With hospitals full
of COVID-19 patients, doctors are trying to avoid getting people admitted for
physical therapy sessions as this would increase the chances of these patients
contracting the disease. It has directly affected the physical therapy
equipment market as the intake of the machines has either been postponed or
canceled. However, the market would gain a rapid surge in terms of profits once
the lockdown gets lifted and the normal life gets restored. |