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(February 13, 2018)
According to a report by Grand View Research, Inc.; the worldwide physiotherapy equipment market is projected to attain USD 24.7 billion by 2022. Factors such as rise in unhealthy lifestyle habits and high prevalence of chronic diseases are anticipated to drive the global market over the forecast period (2012 to 2022). Growing geriatric population, penetration of physiotherapy services, and favorable government regulations can further propel the market in near future.
There are several health conditions resulting in loss of normal body functioning solely due to aging. For example, Dementia can cause with growing age which can be accompanied by loss of speech, reasoning, and motor functions. Growing prevalence of neurological, cardiovascular, and musculoskeletal disorders, increasing rates of accidents and sports injuries, and chronic diseases can disrupt body movements and functioning. All these factors can impel the demand for physiotherapy equipment over the forecast period.
Increased demand for home physiotherapy services from developed countries and availability of effective therapies like electric stimulation, cryotherapy, and ultrasound can have positive impact on the market. In addition, technological advancements such as virtual reality, exoskeletons, rehabilitation robots, and implanted devices for pain management have created grwth opportunities in the physiotherapy equipment market. Additionally, latest trends such as robot-assisted walking for the patients suffering from spinal cord injuries and computer-aided therapy for stroke and cardiovascular conditions are projected to boost the market.
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