Physiotherapy Equipment Market Trends, Company Share To 2020: Grand View Research, Inc.
Growing incidences of target disorders such as cardiovascular disease, neurological disorders, and orthopaedic disorder are expected to boost the growth of physiotherapy equipment market over the forecast period. Furthermore, growing geriatric population base, increasing healthcare reforms, growing numbers of physiotherapy clinics and active lifestyles are high impact rendering drivers for this market. Additionally technological advancement such as evolution of portable physiotherapy devices also plays a vital role in driving the market over the forecast period.
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As of 2013, equipment segment held the largest market share. Hydrotherapy is a lucrative segment of this market and is associated with treatment of psychological and physical dysfunctions with the help of water. Musculoskeletal application held the largest market share in 2013. Rehabilitation centres, home health care, clinics, schools and hospitals are the different end users for this market. Hospitals are dominating the market and are expected to grow rapidly over the forecast period. Extensive use and availability of physiotherapy devices in the hospitals served as the high impact rendering driver for this segment. North America dominated the market in 2013 due to advanced technology, favourable government regulations, rising healthcare expenditure. Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to the increasing patient awareness in regards to physiotherapy equipment in this region.
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The major market player includes, Guangzhou Kepeng Electronics Co. Ltd., Shenzhen XFT Electronics Co. Ltd, Biosys Elettromedicali, Medium Plus, Beijing Healtheast Technology &Development Co. Ltd., DJO GlobalBTL Industries, Power Medic A/S, Radiance Medical Systems, Isokinetic Inc., Patterson Medical, Enraf-Nonius, and EMS Physio.
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