Future of Physiotherapy Equipment Market by 2019

india, October 15, 2015 (Newswire.com) - This report segments the global physiotherapy equipment market by product, application, end user, and geography. On the basis of product, the market is segmented into equipment and accessories. The equipment segment is further segmented into hydrotherapy, cryotherapy, continuous passive motion (CPM), electric stimulation, heat therapy, therapeutic exercises, ultrasound, and others (laser therapy, wax therapy, and traction). The accessories segment is further bifurcated into orthoses and other assistive devices (walkers, wheelchairs, and crutches). Equipment accounted for the largest share 65% of the overall physiotherapy market in 2014, owing to the increasing demand of physiotherapy equipment.

Based on applications, the physiotherapy equipment market is broadly classified into cardiovascular and pulmonary, musculoskeletal, neurology, pediatric, and others (sports, women health, and palliative care). Musculoskeletal is the fastest-growing segment of the market, by application. The high growth rate of this market can be attributed to growing incidences of cardiovascular diseases, neurological disorders, and rising number of injuries and accidents.

On the basis of end users, the market is categorized into hospitals, clinics, and others (home health centers, schools, and rehabilitation centers). Hospitals are the major end users of the market in 2014. This can be attributed to easy accessibility and increasing government funding.

Growth of this market is propelled by the rising number of elderly populationand growing incidences of cardiovascular diseases and neurological disorders. The market is further driven by factors such as favorable healthcare reforms, high employment rate, and population inclination towards active lifestyles. High growth potential in emerging markets and evolution of portable physiotherapy devices provide new growth opportunities to players in the market. However, unfavorable reimbursement scenario, dearth of trained and skilled physiotherapists, and high maintenance costs of physiotherapy equipment are the key factors that are limiting growth of this market. In addition, stringent and time-consuming regulations are the key market challenges.

Thorough analysis of this market identified reduction in the healthcare budget and its effect on the reimbursement rates of physiotherapy equipment as the burning issues in the market. On the other hand, development and launch of mobile applications for physiotherapy were identified as a winning imperative.

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