Market Dynamics:
Growth in geriatric population: According to the United Nations, the geriatric population (aged 65 years and above) globally is expected to reach 1.5 billion by 2050 from 703 million in 2019. The elderly population is more prone to mobility issues, chronic pain, muscle and joint conditions which increases demand for physiotherapy treatment and equipment.

Increasing prevalence of musculoskeletal disorders: Sedentary lifestyles and rising incidence of obesity are some of the major factors contributing to the rising musculoskeletal disorders worldwide. According to the Arthritis Foundation, by 2040, 78 million adults in the U.S. are projected to have doctor-diagnosed arthritis. Physiotherapy plays an important role in managing these conditions through specialized exercise programs and physical techniques which require various equipment.

Key Takeaways

The Global Physiotherapy Equipment Market Size is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing incidence of chronic diseases and road accidents. Growth in geriatric population susceptible to mobility issues will further propel the market.

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