Physiotherapy Equipment & Accessories Market Worth $27.62 billion by 2030
Meticulous Research®—a
leading market research company, published a research report titled ‘Physiotherapy Equipment Market by
Product (Electrotherapy, Ultrasound Therapy, Shockwave, Traction, Accessories),
Application (Musculoskeletal, Neurology, Pediatric, Cardiovascular), End User
(Hospital, Rehabilitation Centre)—Global Forecast to 2030.
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According
to this latest publication from Meticulous Research®,
the physiotherapy equipment & accessories market is projected to reach
$27.62 billion by 2030, at a CAGR of 5.5% from 2023 to 2030. The growth of this
market is driven by factors such as the rising geriatric population and the
subsequent increase in chronic disease prevalence, the high number of people
living sedentary lifestyles resulting in increased back injuries, the rising
incidence of sports injuries, and technological advancements. Additionally,
emerging economies and increasing demand for home healthcare services are
expected to offer opportunities for the market’s growth. However, uncertainty
in reimbursement frameworks and a shortage of skilled professionals hamper the
growth of this market.
Technological
Developments in Physiotherapy Equipment
The
physiotherapy sector is constantly changing as modern technologies emerge to
improve therapy practices. The recent developments have taken this sector to a
new level and led physiotherapists to update their treatment approaches in
several ways. One of these advanced technologies is equipment based on wearable
resistance technology designed to improve people’s movement. This
compression-based high-performance sports garment applies weights/loads to any
body part. It helps in early strengthening and Return-To-Sports (RTS) stages
when the injury is healed, but the body is still unbalanced. For instance, in
January 2023, LILA (Malaysia) partnered with House of Athlete (HOA), a gym
based in Florida, to provide LILA’s Exogen product, based on wearable resistance
technology, to the athletes.
Additionally,
innovations and technology have made electromyography biofeedback machines
cheaper and smaller to help treat various nervous system issues, including
amyotrophic lateral sclerosis and myasthenia gravis. Hence, technological
advancements increase the demand for physiotherapy equipment.
The
physiotherapy equipment & accessories market is segmented based on Product
[Equipment (Electrotherapy/Electric Stimulation, Cryotherapy, Ultrasound
Therapy, Heat Therapy, Hydrotherapy, Combination Therapy, Shockwave Therapy,
Traction Therapy, Continuous Passive Motion Therapy, Exercise Therapy, Laser
Therapy, Other Equipment), Accessories (Furniture, Other Accessories)],
Application (Musculoskeletal, Neurology, Pediatrics, Cardiovascular &
Pulmonary, Other Applications), End User (Hospitals & Clinics, Physiotherapy
And Rehabilitation Centers, Other End Users), and Geography. The study also
evaluates industry competitors and analyzes the regional and country-level
markets.
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Based
on product, in 2023, the equipment segment
is expected to account for the largest share of the physiotherapy equipment
& accessories market. The large market share of this segment is attributed
to the wide availability of physiotherapy equipment and its benefits in helping
patients with physical activities. For instance, electrotherapy equipment is
widely used in rehabilitation centers and hospitals for treating muscle pain
and injuries. This non-invasive therapy is highly effective in treating
conditions such as chronic pain, musculoskeletal injuries, and muscle wasting.
Based
on application, in 2023, the
musculoskeletal segment is expected to account for the largest share of the
physiotherapy equipment & accessories market. The large market share of
this segment is attributed to the rising number of people with musculoskeletal
disorders requiring physiotherapy for recovery.
Based
on end user, the physiotherapy
equipment & accessories market is segmented into hospitals & clinics,
physiotherapy and rehabilitation centers, and other end users. In 2023, the
hospitals & clinics segment is expected to account for the largest share of
the physiotherapy equipment & accessories market. Hospitals & clinics
are the primary choices for treatment in various countries. Preoperative and
postoperative physiotherapies are recommended to patients to prepare the body
before surgery and restore natural body movement after the surgery. Thus, the
rising number of people undergoing surgeries in hospitals contributes to the
increased adoption of physiotherapy equipment.
Geographic
Review:
This
research report analyzes major geographies and provides a comprehensive
analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy,
Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC),
Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa.
In 2023, North America is expected to account for the largest share of the
physiotherapy equipment & accessories market, followed by Europe and
Asia-Pacific. North America’s major market share is attributed to the high
incidence rate of lifestyle-related disorders and technological advancements in
physiotherapy equipment.
Key
Players:
The
key players operating in the physiotherapy equipment & accessories market
are Enraf-Nonius B.V. (Netherlands), BTL (U.K.), EMS Physio LTD. (U.K.),
Dynatronics Corporation (U.S.), Richmar (U.S.), STORZ MEDICAL AG (Switzerland),
Enovis Corporation (U.S.), Zimmer MedizinSysteme GmbH (Germany), Mectronic
Medicale S.r.l. (Italy), Ito Co., Ltd. (Japan), Zynex, Inc. (U.S.), and A.
Algeo Ltd (U.K.).
Key
questions answered in the report-
· Which
are the high-growth market segments in terms of product, application, end user,
and geography?
· What
was the historical market for physiotherapy equipment & accessories across
the globe?
· What
are the market forecasts and estimates for the period 2023–2030?
· What
are the major drivers, restraints, opportunities, and challenges in the
physiotherapy equipment & accessories market?
· Who
are the major players in the physiotherapy equipment & accessories market?
· What
is the competitive landscape, and who are the market leaders in the
physiotherapy equipment & accessories market?
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