Physiotherapy Equipments Market to Reach $24.7 Billion by 2022: Grand View Research, Inc.
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 08/10/15 -- Global size is expected to reach USD 24.7 billion by 2022, according to a new study by Grand View Research Inc. Growing prevalence of neurological and musculoskeletal disorders are expected to drive the physiotherapy equipments market over the forecast period. The presence of efficient and effective therapies such as ultrasound and cryotherapy, advancement in the technologies coupled with implementation of favorable government policies is expected to significantly contribute towards expedited market growth. In 2014, musculoskeletal was the largest application segment with revenue estimated at over USD 8.0 billion. However, neurology is expected to witness rapid growth owing to the growing prevalence of Parkinson''s disease, epilepsy and autism in the U.S. and China.
Ultrasound was the largest physiotherapy segment of the market in 2014 and is expected to witness a lucrative growth of over 8.0% over the forecast period. The fact that it is the most common therapy for the management of soft tissue lesions which constitutes one of the causes for rheumatic complaints and renders reduction in the healing time of soft tissue injuries is expected to drive growth.
Hospitals dominated the end-use market owing to, presence of high patient volume and the supportive infrastructure. On the other hand, the home based treatment is expected to spearhead the growth of the other facilities segment during the forecast period. Cost effectiveness associated with this treatment facility is likely to drive segment growth.
North America dominated the market in 2014, with revenue estimated at USD 5.74 billion. Increasing baby boomer population, presence of favorable government policies and sophisticated healthcare infrastructure are some key drivers of this market.
Asia Pacific is expected to witness substantial growth during the forecast period owing to rising population, high investment opportunities and developing healthcare infrastructure. Japan was the largest Asia Pacific market in 2014. By 2025, Japan is anticipated to have over 36% of its population over the age of 60 along with being one of the largest economies in terms of healthcare providers. Health insurance coverage for physiotherapy treatments and services is expected to spur market expansion. According to the Japanese National Health Insurance, over 90% of the cost for homecare services and devices is reimbursed promoting higher spending by patients.
Key players of the physiotherapy equipments market include DJO Global, Patterson Medical, Isokinetics Inc., EMS Physio and BTL Industries.
Neurology
Stroke
Spinal cord injuries
Parkinson''s disease
Multiple sclerosis
Cerebral palsy
Others
Musculoskeletal
Pediatric
Cardiovascular & Pulmonary
Others
Hydrotherapy
Cryotherapy
CPM
Ultrasound
Electric Stimulation
Heat Therapy
Therapeutic Exercise
Others
Geriatric population
In-patient (hospital) treatment
Out-patient treatment
Convalescent homes based treatment
Home based treatment
Others
Non-geriatric population
In-patient (hospital) treatment
Out-patient treatment
Convalescent homes based treatment
Home based treatment
Others
Hospitals
Clinics
Others
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
South Africa
Rest of Middle East and Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
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Datum: 10.08.2015 - 06:45 Uhr
Sprache: Deutsch
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