The Acoustic Medicine and Ultrasound Therapy Market market studied is anticipated to grow with a CAGR of nearly 4.1%, during the forecast period.
Certain factors that are driving the market growth include increase in the number of incidences of sports injuries and bone disorders, and rising interest of people towards natural methods of medication.
Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. According to the sports injury Stanford children health statistics, in the United States, about 30 million kids and teenagers participate in some form of organized sports. More than 3.5 million injuries occur each year in the United States, which cause some loss of time of participation experienced by the participants. Almost one-third of all injuries incurred in childhood are sports-related injuries.
Similarly, the European countries have a large population engaged in various sports, like football, basketball, volleyball, rock climbing, boating, bike, car racing, etc., which carry an inherent risk of serious injuries or wear and tear, due to extreme training programs. It is estimated that approximately six in 1,000 unintentional fatal injuries can be attributed to sports, such as rock climbing, water sports, or horse-related sports (Equestrian Activities).
About 4.5 million people, aged 15 and over, have been treated in hospital for a sports injury (as defined by the EU IDB catalog of sports). According to the statistics, about 25% of sports injuries affect the 15-24-year-old category. Team ball sports, a major segment of sporting category in Europe, account for approximately 40% of all hospital-treated sports injuries. Apart from EU IDB, as per the Stop Sports Injuries, Youth Sports Injury Statistics, 2016, about 40% of all sports-related injuries treated in hospitals are for children in the age group of 5-14 years.
Key Market Trends
Physiotherapy Centers to show Lucrative Growth Opportunities in the Global Acoustic Medicine and Ultrasound Therapy Market Market
The current trends suggest that incidences of injuries are expected to increase significantly in the coming years. Additionally, the rate of injury is expected to increase in the developing part of the world, as sports and physical activities are gaining significance in the region. Moreover, Osteoarthritis (OA) is a highly prevalent Rheumatic Musculoskeletal Disorder, that affected 303 million people globally in 2017 (according to the study titled "Global, regional, and national incidence, prevalence, and years lived with disability for 354 diseases and injuries for 195 countries and territories, 1990-2017: a systematic analysis for the Global Burden of Disease Study 2017").
As we know, physiotherapy encompasses various procedures which utilize therapeutic exercises and physical modalities and are aimed at the preservation, enhancement, or restoration of physical function impaired by disease, injury, or disability. Hence, the current high rate of injury and musculoskeletal disorders in the developed countries, along with increasing incidences of the same in developed and developing countries, is expected to drive the growth in demand for physiotherapy, across the world.
North America Dominates the Global Acoustic Medicine and Ultrasound Therapy Market Market
The United States has the largest share in the market, mainly due to the high frequency of sports injuries occurring in the region. About 30 million children and teens in the country participate in some form of organized sports.
According to the Stanford Children's Health report, more than 3.5 million injuries occur in the United States each year, which results in a loss of time of participation. One-third of the injuries that occur in childhood are sports-related, among which, sprains and strains are the most common.
Around 21% of all traumatic injuries among American children are from sports and recreational activities. Injuries in the knee (Patellofemoral Syndrome), shoulder, elbow, sciatica, and hamstring strain (muscle or tendon) are the most common sports injuries in the country.
The global Acoustic Medicine and Ultrasound Therapy Market market is competitive and consists of a few major players. Companies like ZetrOZ Systems, BTL, Roscoe Medical, Inc., Mettler Electronics Corp., Dynatronics Corporation, among others, hold the substantial market share in the market.
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Table of Contents
1.2 Study Assumptions
1.3 Scope of the Study
4.2 Market Drivers
4.2.1 Increases in the Number of Incidences of Sports Injuries and Prevalence of Osteoarthritis
4.2.2 Rising Interest of People towards Natural Methods of Medication
4.3 Market Restraints
4.3.1 Lack of Knowledge and Awareness
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.2 By Application
5.2.2 Sports injuries
5.3 By End-User
5.3.2 Private Clinics
5.3.3 Physiotherapy Centers
5.4.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East and Africa
5.4.5 South America
22.214.171.124 Rest of South America
6.1.1 ZetrOZ Systems
6.1.3 Roscoe Medical, Inc.
6.1.4 Mettler Electronics Corp.
6.1.5 Dynatronics Corporation
A selection of companies mentioned in this report includes:
- ZetrOZ Systems
- Roscoe Medical, Inc.
- Mettler Electronics Corp.
- Dynatronics Corporation