The global physical therapy supplies market is on an upward trajectory, with projections indicating a significant valuation of US$ 14,501.35 Million in 2022 and an estimated leap to approximately US$ 23,621.17 Million by the end of 2032. This surge reflects a robust Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period.
In an era marked by hectic lifestyles and inappropriate eating habits leading to widespread discomfort, pain in ligaments, nerves, muscles, back, and neck issues has become increasingly prevalent. Additionally, the rising incidence of conditions like stroke and Parkinson’s disease has further propelled the demand for physical therapy supplies.
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This anticipated growth signifies a substantial shift in healthcare priorities towards non-invasive treatments and rehabilitative care. Physical therapy supplies have emerged as a critical component in addressing these prevalent health concerns, offering effective solutions to manage and alleviate various musculoskeletal and neurological conditions.
The Physical Therapy Supplies Market refers to the industry involved in the manufacturing, distribution, and sales of equipment, tools, and supplies used in physical therapy practices and rehabilitation settings. Physical therapy supplies play a crucial role in assisting physical therapists and healthcare professionals in providing effective treatment and care to their patients.
Physical Therapy Supplies Market Overview:
As per The Institute of Physical Therapy and Applied Science, physical therapy is a holistic approach based on the manual treatment of soft tissues, i.e. muscles, tendons, ligaments and fascia. Hence, physical therapy differs greatly from physiotherapy as it does not specially treat the spine.
The main equipment used for physical therapy include ramps, exercise balls, resistance exercise bands, Nordic Track, treatment tables, ultrasound, Isokinetic devices, electrical muscle stimulation equipment, etc. The global physical therapy supplies market is likely to witness sustained growth in the next 10 years.
Physical Therapy Supplies Market: Drivers
In countries such as United States, there is a huge growth in the demand for physical therapy and this field is exhibiting a dynamic expansion in variety of new areas such as eldercare and sports medicine. As per the figures released by the World Health Organization, till 2014, 13% of the total world population was suffering from obesity.
This has a direct impact on the number of people needing physical therapy and hence the physical therapy supplies market is expanding. This is likely to boost the growth of the physical therapy supplies market in the coming years.
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In addition, there is a noticeable increase in the number of disabled people in the world and they are likely to develop chronic conditions. Also, the baby boomer generation is now getting old and they are likely to suffer from ailments such as heart diseases and stroke.
Hence, the demand of physical therapists treating this segment of population is also increasing and this has a positive effect on the physical therapy supplies market. The other major contributing factor in the increasing demand for the physical therapy supplies market is the rise in unhealthy lifestyle habits.
Physical Therapy Supplies Market: Key Regions
As far as the geographical spread is concerned, North America is the leading market in the global physical therapy supplies market due to a growing geriatric population and increasing incidences of neurological and cardiopulmonary diseases.
In addition to this, the initiatives by the government are also supporting the growth of the physical therapy supplies market in the region. In Europe, the physical therapy supplies market is expected to witness moderate growth due to increasing prevalence of neurological disorders, musculoskeletal problems and cardiopulmonary diseases in the region.
Also, an ageing population is also aiding the increase in demand of the physical therapy supplies market. As far as Asia is concerned, it represents the fastest growing region in the physical therapy supplies market. The reason for this is an increasing geriatric population and a large number of patients suffering from neurological diseases in Japan and China.
As per the scenario in United States, even though the physical therapy supplies market being a multibillion dollar industry, it is highly fragmented and extremely competitive.
Physical Therapy Supplies Market: Key Market Players
Some of the leading physical therapy supplies manufacturers include Enraf-Nonius B.V., Whitehall Manufacturing, ITO Co., Ltd., Zimmer MedizinSysteme GmbH, Storz Medical AG, RICHMAR, Dynatronics Corporation, EMS Physio Ltd., and others.
The largest 50 competitors in the global physical therapy supplies market comprise less than 25% of the global physical therapy supplies market. The reason for this is that the physical therapy supplies market is largely comprised of small independent practices rather than one consolidated entity.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
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Key Segments Covered in the Physical Therapy Supplies Market Study:
Physical Therapy Supplies Market by Application:
- Neurology
- Stroke
- Spinal Cord Injuries
- Parkinson’s Disease
- Multiple Sclerosis
- Cerebral Palsy
- Others
- Musculoskeletal
- Pediatrics
- Cardiovascular & Pulmonary
- Other Applications
Physical Therapy Supplies Market by Type:
- Hydrotherapy
- Cryotherapy
- Continuous Passive Motion
- Ultrasound
- Electric Stimulation
- Heat Therapy
- Therapeutic Exercise
- Others
Physical Therapy Supplies Market by Demographics:
- Non-Geriatric Population
- Geriatric Population
Physical Therapy Supplies Market by End Use:
- Hospitals & Clinics
- Rehabilitation Centers
- Others
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