India Physiotherapy Equipment Market is Projected to Grow at A CAGR of over 12%

Date: 2015-12-20

The physiotherapy equipment market in India is projected to grow at a CAGR of over 12% during 2015 – 2020, on account of increasing prevalence of cardiovascular and neurological diseases, expanding elderly population and escalating demand for at-home physiotherapy. Moreover, growing awareness about the therapeutic benefits of physiotherapy such as improving mobility and strengthening affected body areas is significantly propelling demand for physiotherapy equipment in India.

On the basis of type, the market has been segmented into four categories, namely, electrotherapy equipment, therapeutic exercise equipment, heat & cryotherapy equipment and others. Among these categories, electrotherapy equipment dominated the India physiotherapy equipment market in 2014. The segment is anticipated to continue its dominance through 2020, due to increasing incidence of neuromuscular and neurological disorders and growing number of Cerebrovascular Accidents (CVA) in the country. South region accounted for the largest share in India physiotherapy equipment market in 2014, followed by North, West and East regions of the country.

“With increasing adoption of robotic and at-home physical therapy, coupled with growing collaborations between local and foreign manufacturers, the market for physiotherapy equipment in India is forecast to grow at a robust pace over the next five years. Moreover, Help Age India, a non-governmental organization, started an initiative “The Community Managed Palliative Care Plus (CMPCP)”, under which palliative health centers have been set up at Cuddalore, Nagapattinam and Kollam that offer free health services including physiotherapy, to aged population on a daily basis.” said Mr. Karan Chechi, Research Director, with Pharmaion Consultants Pvt. Ltd., a research based global management consulting firm.

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