Physiotherapy Equipment Market will experience the highest growth rate of 6.56% during the given forecast period 2014 – 2023
Industry Outlook and Trend Analysis: The Physiotherapy Equipment Market was worth USD 14.68 billion in the year of 2014 and is expected to reach approximately USD 26 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.56% during the forecast period. Major driving components of this market incorporate developing aged populace base, presence of favorable government regulations such as the Obamacare or the Patient Protection and Affordable Care Act (PPACA) and unhealthy lifestyle habits. World Health Organization’s National Institute on Aging states that predominance of dementia and neurodegenerative issue are anticipated to rise strongly (25– 30%) with developing age. Dementia is eventually accompanied with loss of motor functions, speech, and reasoning. Perpetual ailments and lifestyle-related propensities add to roughly 75 percent of the wellbeing costs. The PPACA came into law and was authorized by President Obama in March 2010. The direction...