Global Physiotherapy Equipment
Market Report
2024
The physiotherapy equipment market was valued at USD 20.5 billion in 2022 and will reach USD 33.9 billion by 2030, registering a CAGR of 6.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The physiotherapy equipment market was valued at USD 20.5 billion in 2022 and will reach USD 33.9 billion by 2030, registering a CAGR of 6.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Physiotherapy Equipment Market Sales Revenue 2030 | $ 25.8 Billion |
Global Physiotherapy Equipment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.47% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Physiotherapy Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Physiotherapy is also referred to as physical therapy. It is a type of treatment that develops and restores the proper functioning of the body. Body movement is adversely affected by some injuries, disease conditions, or due to age. Physiotherapy is a non-invasive technique with very little risk involved. Due to sedentary lifestyles and increasing urbanization, there is a rise in incidences of cardiovascular, neurological, and musculoskeletal disorders. The physiotherapy treatments are usually for longer durations and are performed in outpatient clinics. Physiotherapy involves various tools and techniques to improve patient health and quickly recover from medical issues. Some common types of physiotherapy equipment are mobility equipment, electrical muscle stimulation (EMS) equipment, hot and cold therapy equipment, and ultrasound therapy equipment.
Physiotherapy centers and rehabilitation centers generally aim to improve strength and mobility in the body’s dysfunctions. Globally there is an increase in demand for physiotherapy-based rehabilitative care systems due to their essential concern for care of the patients who experience short or long-term impairments following injuries or illness. Nowadays, the integration of healthcare institutions and rehabilitation care centers has significantly benefitted both patients and caregivers. With non-invasive and enhanced care for patients has created value-based standards by reducing patient admission time. Therefore, rehabilitation therapy in hospitals has overall increased the demand for rehabilitation equipment and consequently raised the demand for the physiotherapy equipment market.
Globally there is variation in reimbursement policies for physiotherapy equipment. This leads to variations in services and impacts the quality of care. Changes in healthcare policies and their coverage have a significant impact on out-of-pocket costs for patients. The associated cost limits patients’ access to services and delays in physiotherapy treatments. Patients may be responsible to pay co-pay, facility fees, and hefty deductibles until the co-insurance begins. The visits of patients are limited per year thereby leading to variabilities in the rehabilitation process and complications. Therefore, out-of-pocket costs are the only option left for the patients, thereby hindering the growth of the physiotherapy equipment market.
The COVID-19 outbreak had negatively impacted the global physiotherapy equipment market. The delivery of standard health services had posed a limit due to viral transmissions. The visits to hospitals and attending rehabilitation centers were completely restricted due to the rising prevalence of infection and lockdowns. COVID-19 had also affected the financial stability of developing countries and therefore, the patients deprived themselves of the practice of physiotherapy due to heavy financial loads. A large number of physicians and physiotherapists were dispatched during this period and hence decrease in post-surgery rehab physiotherapy was seen. Thus, it decreased the number of physiotherapy patients and thereby, decreased the demand for physiotherapy equipment market.
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In November 2022
Royal Philips, a global leader in healthcare technology announced the launch of a next-generation compact portable ultrasound solution at the Radiological Society of North America (RSNA). It aimed to bring the diagnostic quality associated with premium cart-based ultrasound systems to more patients. It was designed for portability and versatility without compromising image quality or performance.
In February 2021
Dynatronics had introduced a new bariatric stand-in table with an automated patient lift. It was a motorized variable-height stand-in table that could lift a 500lb patient from a sitting to a standing position. This innovation helped physical therapists to treat patients more quickly and with greater efficiency.
Top Companies Market Share in Physiotherapy Equipment Industry: (In no particular order of Rank)
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Globally, the physiotherapy equipment market based on region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest market share is dominated by North America due to the increasing number of people seeking rehabilitation treatments. North Americans are more concerned about their fitness regimens and sports. This region bears more chronic diseases like cardiovascular, neurological, and orthopedics, which boosts the market for physiotherapy. As reported by the American Academy of Orthopedic Surgeons, it is estimated that 126.5 million Americans are affected by musculoskeletal disorders. Thus, there is increasing demand for physiotherapy and an indirectly propelling the demand for the physiotherapy equipment market
The current report Scope analyzes Physiotherapy Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Physiotherapy Equipment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Physiotherapy Equipment Industry growth. Physiotherapy Equipment market has been segmented with the help of its Product Type, Application End User, and others. Physiotherapy Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The electrotherapy segment is expected to hold the largest market share in the physiotherapy equipment market.
Based on product, the physiotherapy equipment market is classified into laser therapy, hydrotherapy, cryotherapy, electrotherapy, and ultrasound therapy. The electrotherapy segment is expected to hold the largest market share due to its wide application in pain management. It helps to stimulate muscles and nerves to relieve pain and promote healing. They also improve blood circulation, promote tissue generation and reduce inflammation. Electrotherapy devices are easier to use and more effective. The innovative form of these devices is portable and includes advanced waveforms. This leads to increased adoption of electrotherapy devices and indirectly increases the demand for the physiotherapy equipment market.
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The musculoskeletal applications segment category holds the largest share of the physiotherapy equipment market.
Based on applications, the physiotherapy equipment market is classified into musculoskeletal, cardiovascular, neurology, gynecology, and pediatrics. The musculoskeletal applications segment category holds the largest share due to the rising number of sports injuries, arthritis, and back pain. It is a non-invasive treatment and is mostly preferred by elderly patients. It accelerates the recovery of accidental injuries and reduces the degree of suffering. As reported by the World Health Organization (WHO), approximately 1.72 billion individuals have musculoskeletal disorders. Therefore, there is a gain in the market value of the physiotherapy equipment market.
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The hospital segment is expected to hold the largest market share in the physiotherapy equipment market.
Based on the end-user segment, the physiotherapy equipment market is classified into hospitals, rehabilitation centers, and clinics. The hospital segment holds a larger market share due to its first preference by patients and the availability of required procedures on a timely basis. Hospitals have integrated specialized units for physiotherapy and provide alternative treatment regimens for patients. The hospitals even offer reimbursement policies and have qualified professionals.
Therefore, the hospital’s segment gains a larger market share in the physiotherapy equipment market.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Physiotherapy Equipment Market is witnessing significant growth in the near future.
In 2023, the Laser Therapy segment accounted for noticeable share of global Physiotherapy Equipment Market and is projected to experience significant growth in the near future.
The Musculoskeletal segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies International Electro Medical Co. (India) , HMS (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Laser Therapy, Hydrotherapy, Cryotherapy, Electrotherapy, Ultrasound Therapy |
Application | Musculoskeletal, Cardiovascular, Neurology, Gynecology, Pediatrics |
End User | Hospitals, Rehabilitation Centers, Clinics |
List of Competitors | International Electro Medical Co. (India), Dynatronics Corporation. (US), HMS (US), EMS Physio Ltd. (UK), Patterson Dental Supply Inc. (US), Whitehall Manufacturing (US), Morris Group International. (US), Radiance Medical Systems. (Singapore), Body Sport. (India), Accord Medical Products. (India), Life Care Systems. (India), A. Algeo Limited (UK), Danaher (US) |
This chapter will help you gain GLOBAL Market Analysis of Physiotherapy Equipment. Further deep in this chapter, you will be able to review Global Physiotherapy Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Physiotherapy Equipment market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Laser Therapy have a significant impact on Physiotherapy Equipment market? |
What are the key factors affecting the Laser Therapy and Hydrotherapy of Physiotherapy Equipment Market? |
What is the CAGR/Growth Rate of Musculoskeletal during the forecast period? |
By type, which segment accounted for largest share of the global Physiotherapy Equipment Market? |
Which region is expected to dominate the global Physiotherapy Equipment Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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