Physiotherapy Equipment Market

DJO Global (US) and BTL Industries (US) are the Major Players in the Physiotherapy Equipment Market

The physiotherapy equipment market is projected to reach USD 21.1 billion by 2024 from USD 15.0 billion in 2018, at a CAGR of 5.8% during the forecast period. The growth of this market is primarily driven by rapidly growing geriatric population and the subsequent increase in the global prevalence of chronic diseases, and growing incidence of sports injuries, degenerative joint disorders, and cerebrovascular disease.

The major physiotherapy equipment vendors include Performance Health (US), DJO Global (US), BTL Industries (US), Dynatronics Corporation (US), and EMS Physio (UK). These players have adopted various growth strategies such as expansions, acquisitions, and new product launches to expand their presence in the global physiotherapy equipment market. Product launches has been the most dominating strategy adopted by major players from 2016 to 2018. This has helped them to expand their consumer base and address the unmet needs of end users.

To know about the assumptions considered for the study download the pdf brochure

DJO Global (US) is a major leader in the physiotherapy equipment market. It maintains its leadership position in this market through its strong distribution network across the globe and with its business operations in the US, the Asia Pacific, the Middle East and Africa, Germany, Australia, Canada, and Latin America. The company’s growth is propelled by continuous developments of new products and product enhancements which further enhance its portfolio. DJO Global’s extensive R&D activities enable it to increase its depth of capabilities in equipment and accessories. Moreover, its significant investment in R&D also enables the company to provide innovative products and services in the market space, thus enabling it to maintain and improve its competitive position in the physiotherapy equipment market.

BTL Industries strategically focuses on new product launches as its major growth strategy. New product launches enable the advancement of the company’s physiotherapy product line, and it also strengthens its image as an innovative manufacturer and supplier of physiotherapy equipment. In 2018, BTL launched its BTL Super Conductive System, which is a new radiotherapy device. This specific launch strengthened the company’s radiotherapy portfolio and provided it with a competitive edge over other players in the market. Similarly, in 2017, BTL launched a new high-intensity laser therapy equipment having power up to 12 W. This new launch enabled the firm to increase its sales and its market share within the physiotherapy market.

Related Reports:

Physiotherapy Equipment Market by Product (Laser Therapy, Ultrasound, Cryotherapy, Electrotherapy, and Accessories), Application (Musculoskeletal, Gynecology, Pediatric, Cardiovascular), and Region - Global Forecast to 2024

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
MD 2753
RI Published ON
4/16/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Physiotherapy Equipment Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved