Global Physiotherapy Market 2017-2021
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, such as heat therapy, cryotherapy, hydrotherapy, and therapeutic exercise.
Technavio’s analysts forecast the global Physiotherapy market to grow at a CAGR of 6.42% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global physiotherapy market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Physiotherapy Market 2017-2021
Technavio recognizes the following companies as the key players in the global physiotherapy market: BTL, DJO Global, Enraf-Nonius, and Patterson Medical.
Other Prominent Vendors in the market are: A. Algeo, Accord Medical Products, Biotech India, Dynatronics, EMS Physio, GymnaUniphy, HMS, Mettler Electronics, RICHMAR, and Zynex.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is advancement in healthcare facilities. The healthcare facilities, which comprise diagnostic services and clinical and hospital-based services, are undergoing a paradigm shift to become a demand-based service model from a supply-based infrastructure. This is because of the growing demand from individuals, who are availing these facilities and ready to scale up their healthcare spending for different treatment phases, such as disease diagnostics, hospital-based treatments, and patient care services during the post-treatment phases.”
According to the report, one of the major drivers for this market is growing number of healthcare providers. Healthcare providers such as diagnostics centers, clinics, hospitals, and patient care centers are increasing in number with improved healthcare services. The rising cases of chronic diseases, medical emergencies, epidemics, and short-term and long-term disabilities that are also increasing with the growth of population are creating an increase in the number of healthcare providers.
Further, the report states that one of the major factors hindering the growth of this market is less insurance coverage and medical reimbursement. The reimbursement policies by governments for healthcare expenditure is a major factor for the growth of the healthcare sector in developing countries. They affect the total healthcare expenditure, including the healthcare spending from the disposable income of the patient. However, the less structured government policies in the developing countries refrain patients and healthcare users from availing medical reimbursements and modern healthcare facilities. The less patient count reduces the consumption of physiotherapy services owing to the reduced consumption of physiotherapy equipment.
BTL, DJO Global, Enraf-Nonius, Patterson Medical, A. Algeo, Accord Medical Products, Biotech India, Dynatronics, EMS Physio, GymnaUniphy, HMS, Mettler Electronics, RICHMAR, and Zynex.