Published Date: 16-Jul-2020
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According to a new report Global Hydrotherapy Equipment Market, published by KBV research, The Global Hydrotherapy Equipment Market size is expected to reach $3.7 billion by 2026, rising at a market growth of 4.3% CAGR during the forecast period.
The hydrotherapy pool segment led the global market in 2019. On the other hand, the hydrotherapy tub/bath segment is expected to see the fastest growth rate over the forecast period. Technological advancements and the increasing use of hydrotherapy in a variety of applications lead to innovation in hydrotherapy equipment.
The pain management segment dominated the market. The segment is predicted to retain its leading role during the forecast period. Increased awareness has resulted in the use of hydrotherapy in pain control for the treatment of various indications. The aquatic environment is suitable for athletic training because it provides less fatigue and joint stress relative to land-based training. Nonetheless, the cardiology segment is projected to see the highest CAGR due to the increased use of hydrotherapy for cardiac patients.
The spas & wellness centers segment accounted for the highest share in the market. On the basis of end-use, the market has been segmented into hospitals & rehabilitation centers, spa & wellness centers, and others. Spas & wellness centers help in providing pain relief and overall health improvement treatments. On the other hand, the Hospitals & Rehabilitation Centers segment is predicted to see the highest CAGR during the forecast period as these facilities offer targeted hydrotherapy for different medical conditions. Water properties make it easier for patients to perform intense workouts with less joint pain and tension and help enhance the range of motion.
North America was the market leader in 2019. The positive reimbursement scenario, along with lower spending on hydrotherapy compared to other prevalent treatment options, is likely to fuel the region 's growth. Growing awareness of the health benefits of aquatic therapy for injured and disabled people is expected to push the market. On the other hand, Asia Pacific is expected to be seeing the fastest CAGR of 5.6% over the forecast period. Increased awareness of hydrotherapy equipment, along with growing expenditure on health care, is expected to contribute to the growth of the market in this field. The Europe market is expected to witness a CAGR of 4% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/hydrotherapy-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of HydroWorx International, Inc., Prime Pacific Health Innovations Corporation, Hydro Physio Ltd., Technomex, Sidmar Manufacturing, Inc., SwimEx, Inc., Narang Medical Limited, Accord Medical Products Pvt. Ltd., Jaccuzi, Inc. (Investindustrial Advisors Limited), and Transcom SL.
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