LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global physiotherapy market is projected to grow to USD 18.88 billion by 2021, at a CAGR of more than 6% over the forecast period.
This research report titled ‘Global Physiotherapy Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Physiotherapy is a nonsurgical treatment method, where the treatment for impairments such as injury, deformity, and recovery from surgery is done through physical medicine and therapies. The growing number of healthcare providers are providing a better-quality service to patients with both short-term and long-term disabilities, leading to the growth of the market.
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Based on the treatment procedure, the report categorizes the global physiotherapy market into the following segments:
“The products segment holds the largest share of the global physiotherapy market. The segment includes exercise balls, magnetic and nonmagnetic belts, and tables used for therapeutic massages among others,“ says Amber Chourasia, a lead analyst at Technavio for health and wellness research.
These products are mainly used by a physiotherapist practicing independently in a clinic. The ease of availability of products through online purchase options and the innovation and evolution of portable equipment designed with the needs of the sports and fitness industries are driving the growth of this market segment.
“The equipment segment of the physiotherapy market is projected to generate the maximum incremental growth over the forecast period, driven by the rising demand for home-based services,” says Amber.
Physiotherapy treatment includes the use of a wide range of manual and digital equipment for patients living with health problems such as neurological diseases, musculoskeletal problems, and cardiovascular and pulmonary diseases.
Various physical therapies such as hydrotherapy, cryotherapy, and heat therapy are used by the physiotherapy practitioners for patients recovering from various physical conditions. These physiotherapy practitioners not only operate through hospitals but also through various independent clinics to address patients’ problems and provide the required services. The therapies segment of the market is expected to grow the fastest, driven by the rise in number of healthcare service providers, especially in developed countries
The top vendors highlighted by Technavio’s research analysts in this report are:
- DJO Global
- Patterson Medical
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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