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The growth of the North America Physiotherapy Equipment market in North America is marked by several noteworthy developments taking place in the medical industry in the last few years. The growth rate of North America Physiotherapy Equipment market has been impacted over the last few years, on account of distribution of resources towards research and development activities. The increasing health initiatives undertaken by various institutions and organizations are estimated to drive the growth of the market. The data related to grants released for various healthcare initiatives was released by The Centers for Disease Control and Prevention (CDC). In 2018, vaccines for children accounted for about 50.87% of the total grant funding received. In addition to that, chronic disease prevention & health promotion and HIV/AIDS, viral Hepatitis, STI & TB prevention received 10.07% and 9.82%, out of a total of USD 7,496,307,789 which formed a part of grant funding for the same year. About 4.28% of grant funding was allocated towards immunization and respiratory diseases, with growing number of individuals suffering from respiratory disorders. Similarly about 5.66% of grant funding had been allocated towards several injury prevention and control initiatives in the region. Our study on the North America Physiotherapy Equipment market is driven by the adoption of an exhaustive approach towards the industry analysis comprising of the overall market size and revenue growth, recent market developments, growth drivers, market segmentation, opportunities and challenges that are influencing the growth of the market. The North America North America Physiotherapy Equipment market is estimated to attain notable absolute $ opportunity value in 2027 as compared to the value achieved in 2019.
The study of the North America North America Physiotherapy Equipment market offers a detailed analysis including a risk analysis that covers demand and supply risk affecting the growth of the market accompanied by existing and future market trends prevalent in the region. U.S. and Canada are the two main regions in North America that are covered in this market study. Further, the inclusion of a correlation and regression analysis for determination of relation between independent and dependent variables is covered in the study.
The Occupational Outlook Handbook published by the U.S. Bureau of Labour Statistics mentions that the period starting from 2018 to 2028 is anticipated to witness a 14% growth in employment in various healthcare occupations which is anticipated to add about 1.9 million jobs in the healthcare industry in the United States. The median annual wage recorded for occupational therapists was USD 84,270. Meanwhile, median annual wage for dentists, pharmacists were recorded at USD 158,240 and USD 126,120 respectively. Physicians and surgeons had recorded a higher median annual wage of USD 208,000 or even greater wages during the year 2018. Further, healthcare support occupations recorded the lowest median pay, including home health aides, medical transcriptionists and occupational therapy assistants holding a median annual income of USD 29,740 in May, 2018. Amidst growing demand for medical services accompanied by rising annual wages, coupled with a huge section of U.S. population joining the workforce industry is anticipated to witness significant growth of the healthcare sector.
The personal healthcare expenditure in the United States had increased to USD 2834 billion in the year 2016 as compared to a spending of USD 1804 billion incurred in 2006 according to a statistical release by CDC. During the period 2006-2016, the United States had reported an annual average percent change of 4.6%. Hospital expenses occupied a share of 38.2%, while physician and clinical expenses occupied a share of 23.5%. Moreover, the percentage distribution recorded for other personal healthcare expenditure in the U.S. was 11.6% for prescription drugs, 4.4% for dental and 3.3% being recorded under the category of home healthcare. The North America Physiotherapy Equipment market in North America is anticipated to hold a sizeable market share by 2027, owing to high levels of expenditure incurred by U.S. population on personal healthcare.
A separate section in the report highlights regional scenario in market which includes North America (further segregated into U.S. and Canada).
The report further includes a section on European region which is further segmented on a country/regional level including Germany, U.K., France, Italy, Spain, BENELUX, Netherlands, NORDIC, Poland, Hungary, Russia, Turkey, and Rest of Europe.
In the Asia Pacific North America Physiotherapy Equipment market, the report studies China, India, South Korea, Indonesia, Malaysia, Japan, Australia, New Zealand and Rest of Asia Pacific. In the Latin America section, an in-depth analysis on Mexico, Brazil, Argentina and Rest of Latin America is covered. Middle East and Africa region have been further identified for the North America Physiotherapy Equipment market demand and segregated into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa.
A complete section on competitive landscape provides an understanding of the companies in current strategic report based upon various parameters which includes overview of the company, business strategy, major product offerings, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis. There is a separate section which has been provided on the market share of key players in this market, as well as the competitive positioning of the players.
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