Inadequate Reimbursement Policies Are Expected To Stymie The Global Physiotherapy Equipment Market's Growth

 

Physiotherapy Equipment


Physiotherapy, also known as physical therapy, is a treatment that is used to develop and restore proper body functioning. Age, injury, disease, and environmental factors all have a negative impact on the body's movement and functioning. Physiotherapy employs a wide range of physical therapy tools and equipment to improve patient health and aid in the rapid recovery from medical conditions. The global physiotherapy equipment market is expected to be worth US$ 20,706.3 million in 2020, rising to US$ 33,034.3 million by the end of 2027.

 

Over the forecast period, the rising prevalence of cardiovascular diseases is expected to drive growth in the global physiotherapy equipment market. According to the American Heart Association's Heart and Stroke Statistics 2019 Update, approximately 48 percent of all adults in the United States had some form of cardiovascular disease in 2016. Furthermore, the growing geriatric population is expected to contribute to market growth. According to the United States Census Bureau, the geriatric population in the United States is expected to reach 77 million by 2034. In 2019, Equipment dominated the global physiotherapy equipment market, accounting for 65.6 percent of the total value, followed by Accessories.

 

Inadequate reimbursement policies are expected to stymie the global Physiotherapy Equipment Market's growth. Reimbursement policies for physiotherapy equipment differ from country to country. In the United States, for example, Medicare and Medicaid are important insurance programmes that are managed by the Centers for Medicare and Medicaid Services– a government organisation that covers health-care services in the country. Physiotherapy, speech therapy, occupational therapy, chiropractic services, and eye therapy, on the other hand, are not covered by Medicare. The global physiotherapy equipment market was valued at US$ 19,387.9 million in 2019 and is expected to reach US$ 33,034.3 million by 2027, growing at a 6.9 percent CAGR between 2020 and 2027.

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