The global physical therapy supplies market is predicted to reach USD 16.3 billion in 2024. The CAGR for physical therapy supplies is forecast to be 5.2% between 2024 and 2034. According to estimates, the market will reach USD 27.1 billion by 2034.
Physical therapy equipment is used to enhance mobility, build strength, support healing, and preserve general health through various means. Having personal equipment during physical therapy provides patients with an opportunity to manage their recovery process.
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Patients suffering from pain due to an injury or neurological disorder cannot recover without physical therapy. As a result of the combination of traditional equipment and contemporary technology, physical therapy education enhances the function of a patient’s motor system. Physical therapists use a variety of equipment depending on the patient’s physical condition and needs during physical therapy.
Various physical therapy techniques have been studied to determine their efficacy for neurological disorders, musculoskeletal conditions, and post-surgical rehabilitation. A number of these studies have evaluated the effects that particular methods, exercises, or modalities may have on patient outcomes, functional improvement, and quality of life of the patients involved.
Several studies have examined how technological advancements are influencing physical therapy instruments and equipment. As part of this, wearable technology can be used for tracking patient progress, virtual reality (VR) can be used for pain control and rehabilitation, and remote physical therapy can be provided through telehealth platforms.
“Physical therapy supplies are expected to experience rapid growth due to the introduction of more advanced medical equipment and the expansion of rehabilitation centers. Interdisciplinary approaches to healthcare and innovations in medical technology have resulted in a new generation of innovative healthcare devices on the market. The demand for these devices is expected to expand.” – Says an analyst at FMI.
Key Takeaways from the Physical Therapy Supplies Market:
- Historically, physical therapy supplies generated a 4.9% CAGR from 2018 to 2023.
- A CAGR of 5% is predicted for the United States market through 2034.
- India is expected to exhibit a 6.1% CAGR over the forecast period.
- A CAGR of 5.8% is expected to be achieved between 2024 and 2034 in China’s market.
- Based on type, ultrasound captured 42% of the market in 2023. It is expected that the market will continue to grow in the coming years.
Competitive Landscape:
A wide range of physical therapy supplies can be found in the market, including exercise equipment, electrotherapy devices, mobility aids, treatment tables, and other accessories.
The physical therapy supplies industry is largely driven by businesses that provide products that assist patients in their recovery and rehabilitation. In light of the ever-increasing need for efficient physical therapy and rehabilitation solutions, the market is expected to continue to grow.
Recent Development:
- In August 2024, Physiotattva partnered with BTL to create an industry-leading pain management system. By using BTL, patients receive advanced rehabilitation equipment, focusing on pain pathways such as pain gates, opioid theory, and nociceptors. By 2025, the company intends to operate in at least two countries, five states, and 15 cities, and have about a hundred centers.
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Key Players of the Physical Therapy Supplies Industry:
- BTL
- EMS Physio Ltd.
- Dynatronics Corporation
- RICHMAR
- Performance Health
- Storz Medical AG
- Zimmer MedizinSysteme GmbH
- ITO Co. Ltd.
- Enraf-Nonius
- Whitehall Manufacturing
Key Segments of the Physical Therapy Supplies Market:
By Type:
In terms of type, the industry is divided into hydrotherapy, cryotherapy, continuous passive motion, ultrasound, electric stimulation, heat therapy, therapeutic exercise, and others.
By Demographics:
In terms of capacity, the industry is segregated into a non-geriatric population and, a geriatric population.
By Application:
In terms of application, the industry is segmented into neurology (stroke, spinal cord injuries, Parkinson’s disease, multiple sclerosis, cerebral palsy, and others), musculoskeletal, pediatrics, cardiovascular & pulmonary, and others.
By End-use:
The industry is classified by end-use industries as hospitals & clinics, rehabilitation centers, and others.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia, East Asia, Middle East and Africa have been covered in the report.
About the Healthcare Division at Future Market Insights
The healthcare team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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