Physiotherapy Equipment Market

Market Leaders - Physiotherapy Equipment Market

The global physiotherapy equipment market size is projected to reach $21.7 billion by 2025 from $16.6 billion in 2020, at a CAGR of 5.6% during the forecast period. The growing geriatric population along with rising prevalence of chronic diseases and the growing incidence of sports injuries, degenerative joint disorders, and cerebrovascular diseases are driving the market growth in the coming years. However, the unfavorable reimbursement scenario for physiotherapy is expected to restrain the market growth.

Some of the key players competing in the physiotherapy equipment market areDJO Global (US), BTL Industries Inc. (US), Performance Health (US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics Corporation (US), Mectronic Medicale (Italy),EMS Physio Ltd. (UK), Whitehall Manufacturing (US), Zimmer MedizinSysteme GmbH (Germany), Zinex Inc. (US), STORZ Medical AG (Swotzerland),Life Care Systems (India), and Mettler Electronics Corp. (US). These players have adopted various growth strategies such as partnerships, agreements, collaborations, new product launches, and acquisitions to increase their presence in the global physiotherapy equipment market.

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DJO Global (US) was the leading player in the physiotherapy equipment market in 2019. The company has its business operations in the US, the Asia Pacific, the Middle East, Africa, Germany, Australia, Canada, and Latin America. It maintains its leadership position in this market through its strong distribution network across the globe. Moreover, significant investments in R&D enable the company to provide innovative products and services in this market space, thus enabling it to maintain and improve its competitive position in the physiotherapy equipment market.To garner a large share of the physiotherapy equipment market, the company continuously focuses on organic and inorganic growth strategies such as product launches and partnership.

BTL Industries Inc.(US) held the second-largest share of the global physiotherapy quipment market. Its positionin the market can be attributed to its robustproduct portfolio and reliabledistribution channel across the world.The company operatesin over 55 countries across the globe. To maintain its position in the market, the company focuses on expanding its product portfolio through strategies such as product launches. For instance, in 2018, BTL Industries Inc. (US) launched BTL Super Inductive System in Malaysia. This new system is used for the immediate and intense pain relief.

Related Reports:

Physiotherapy Equipment Market By Product (Laser Therapy, Ultrasound, Cryotherapy, Electrotherapy, and Accessories), Application (Musculoskeletal, Gynecology, Pediatric, Cardiovascular), and Region – Global Forecast To 2025

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Report Code
MD 2753
RI Published ON
4/16/2019
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