Physiotherapy Equipment Companies

The Physiotherapy Equipment market is projected to reach USD 27.03 billion by 2029 from USD 20.13 billion in 2024, at a CAGR of 6.1% during the forecast period. The growth in this market is seen due to increasing aging populations, rising chronic disease rates, increased incidences of sports injuries, technological advancements, rising healthcare and insurance coverage driven by expanding government initiatives and increased adoption of physiotherapy equipment's globally.

The Physiotherapy Equipment market is highly competitive and fragmented. The prominent players in the Physiotherapy Equipment market are Enovis Corp. (US), BTL Industries (UK), Performance Health (US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics Corporation (US), Mectronic Medicale (Italy), EMS Physio Ltd. (UK), Whitehall Manufacturing (US), Zimmer MedizinSysteme GmbH (Germany), Zynex Inc. (US), Richmar (US), Life Care Systems (India), Storz Medical AG (Germany), Mettler Electronics Corp (US), Algeos (UK), Gymna (Belgium), Astar (Poland), HMS Medical Systems (India), Embitron s.r.o (Czech Republic), Physiomed Elektromedizin AG (Germany), Tecnobody (Italy), Johari Digitals (India), PowerMedic (Denmark), and CoolSystems Inc. (US). These players have adopted various growth strategies such as product launches, acquisition, collaboration, agreements, and expansion to increase their presence and reach in the physiotherapy equipment market.

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Enovis Corporation (formerly Colfax Corporation)

Enovis Corporation is a medical technology company that designs, manufactures and markets high quality physiotherapy equipments. The company's prevention and recovery (P&R) business segment provides a comprehensive range of physiotherapy equipment to orthopedic specialists, pain management specialists, physical therapists, and athletic trainers, and other healthcare professionals for treating musculoskeletal conditions caused by degenerative diseases, deformities, traumatic events, and sports-related injuries. These include orthopedic braces, hot and cold therapy, electrotherapy, laser products among others.

Its subsidiary, DonJoy, was the first to develop the concept of a functional knee brace more than four decades ago, and today, DonJoy braces have become standard equipment for athletes in 44 nations. DonJoy's "Defiance" branded knee brace is the top selling custom knee support globally, with more than 2 million units recommended to individuals. Another division, LiteCure, offers industry leading medical laser therapy solutions that are utilized for pain management in approximately 1.2 million treatments each month across 29 countries.

The company aims to maintain its market-leading position by focusing on innovation-oriented research and development and improving its products' efficiency and performance.

Zimmer Medizinsysteme GmbH

Headquartered in Germany, Zimmer Medizinsysteme GmbH is a top European medical device firm specializing in manufacture of innovative physiotherapy equipments. In addition to its position as a global leader in cryotherapy, the company provides devices for electrotherapy, laser therapy, shockwave treatment, and ultrasound therapy. The company has increased its dominance in the market through balanced growth strategies in the physiotherapy equipment market. Organic growth is supplemented by innovative new-product launches, while inorganic growth takes shape with strategic acquisitions. The company acquired FREI Capital, a leading innovator in training equipment manufacturing, in 2019. Then, in 2021, the company further consolidated its global position as top player by acquiring Enraf Nonius, another global leader in the field of physiotherapy and rehabilitation. However, both the companies will keep own production and R&D, as well their own distribution channels.

With the help of its subsidiaries and partnerships, the company has established a strong global presence by operating in over 110 countries through a network of over 400 distributors. With the support of All Seas Capital Fund, a pan-European private capital fund, the company intends to accelerate its expansion through product line investments and mergers and acquisitions.

Zynex, Inc.

Zynex is a leading player in the physiotherapy equipment market. Its core competence comes through electrotherapy devices, which. In addition to these, the firm offers braces and traction systems, and hot/cold therapy solutions as adjunct products. All of their products are USFDA approved and hold significant advantages such as being small, portable and battery operated. The company is focused on expansion of its salesforce to take advantage of attractive electrotherapy market in USA. As part of its revenue diversification plan, the company plans to offer complementary products to its existing portfolio. Through its salesforce, it also sells a number of private labeled supplies and complementary products from other manufacturers. A large part of the company's revenue is recurring, i.e., it derives majority of sales from sale of surface electrodes and batteries for its portfolio of physiotherapy devices. The company derives all of its revenue from North American region.

Related Reports:

Physiotherapy Equipment Market by Product (Equipment, Accessories), Application (Musculoskeletal, Neurological, Cardiovascular & Pulmonary, Pediatric & Gynecological Application), End User, Region - Global Forecast to 2029

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