Increasing geriatric population coupled with growing consumer awareness to drive India physiotherapy equipment market through 2020
According to recently published Pharmaion report, "India Physiotherapy Equipment Market Opportunities, 2010 - 2020", 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.
"India Physiotherapy Equipment Market Opportunities, 2010 - 2020" has evaluated the future growth potential of India physiotherapy equipment market and provides statistics and information on market structure, industry behavior and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in India physiotherapy equipment market.