[304 Pages Report] From 2023 to 2033, the market for physiotherapy equipment is anticipated to grow at a 6.5% CAGR. In 2023 and 2033, it is projected to generate valuations of $20,367.16 million and $38,134.8 million, respectively.
The increasing levels of physical inactivity is leading to various problems such as frozen joints, muscle degeneration, sprains and strains have compounded, necessitating the need for physiotherapy. Additionally, rising incidences of road and sports accidents is acting as a catalyst for increasing the number of physiotherapy procedures.
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Based on these trends, manufacturers are concentrating on introducing technologically advanced products and introducing them into the market at highly competitive prices. Additionally, specific nature of injuries is prompting them to dole out specific products. Majority of the players are scrambling to acquire a footing across emerging economies.
Physiotherapy Equipment Market Study- Key Findings
- Ultrasound physiotherapy equipment shall tower over others, attributed to rising demand for non-invasive surgeries
- Musculoskeletal devices shall pivot the market in terms of application throughout 2020-2030
- North American market accounts for over 2/5th of the revenue
- East & South Asia remain lucrative, jointly capturing nearly 1/4th of the revenue share
“Prevalence of co-morbidities amongst the geriatric population has made physiotherapy a top priority for them, prompting vendors to introduce technologically sophisticated equipment in order to provide the elderly major relief from the pain induced by various physical ailments,” infers the FMI analyst.
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Competitive Landscape
The global physiotherapy equipment market is characterized by the presence of several prominent players who are concentrating on introducing new products and acquisitions to carve a firm footing.
In June 2020, DJO Global introduced the DonJoy X-ROM Post-Op Knee Brace, incorporating an improvised user-friendly fastener which is easy to adjust and easy to apply. In 2019, the company launched the first fully sterile surgeon-controlled leg and retractor holder for Anterior Approach Hip Arthroplasty.
In 2017, U.S Physical Therapy Inc. successfully acquired a Houston-based local physical therapy practice at a purchase price of US$ 11.4 million, with the practice’s clinical owners retaining 30% of the stake. The acquisition was announced in 2016.
More Insights on the Physiotherapy Equipment Market
A recent market study published by FMI on the Physiotherapy Equipment market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report has been segmented on the basis of equipment type, application, end-user and region.
Based on equipment type, the market is segmented into cryotherapy, hydrotherapy, electrotherapy, continuous passive motion units, multi-exercise therapy unit, heat therapy, ultrasound physiotherapy and others. On the basis of application, the segments include neurological, musculoskeletal, cardiovascular & pulmonary and others. In terms of end-user, the market is divided into hospitals, rehabilitation centers and homecare settings. Regionally, the market is divided into North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Segment
Equipment Type
- Cryotherapy
- Hydrotherapy
- Electrotherapy
- Continuous Passive Motion Units
- Multi-exercise Therapy Unit
- Heat Therapy
- Ultrasound Physiotherapy
- Other Therapy Types
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Application
- Neurological
- Musculoskeletal
- Cardiovascular and Pulmonary
- Others
End-user
- Hospitals
- Rehabilitation Centers/Clinics
- Homecare Settings
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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