Global Physiotherapy Equipment Market by Application (Pediatrics, Neurology, Musculoskeletal, Cardiovascular and Pulmonary and Other Applications), By Type (Cryotherapy, Hydrotherapy, Continuous Passive Motion (CPM), Ultrasound, Electric Stimulation, Heat Therapy, Therapeutic Exercise and Other Types), By End-Use (Rehabilitation Centers, Hospitals & Clinics and Other End Uses) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Physiotherapy Equipment Market Overview:

In 2021, the global market for physiotherapy equipment was worth USD 19,250 million. The market is expected to grow at a CAGR, of approximately 6.75% between 2023 and 2032.

The rising number of rehabilitation centers and increasing cases of injuries and road accidents are expected to increase the demand for physiotherapy equipment.

Market growth is expected to be driven by poor eating habits and a stressful lifestyle, which can cause discomfort in the neck, ligaments, nerves, and muscles. Physical therapy equipment has seen a rise in demand due to physicians prescribing it to patients.

Global Physiotherapy Equipment Market:

Application Analysis

The market’s largest share was held by the muscular and skeletal segment, which accounted for 60.3% in 2021. This is due in part to an increasing number of muscular and skeletal diseases. The WHO estimates that around 1710 million people suffer from muscular and skeletal diseases. The rising number of accidents has also increased the need for physiotherapy in order to treat musculoskeletal disorders and improve muscle strength, flexibility, and movement control.

Due to the increasing acceptance of physical therapy services by developing countries like Brazil, India, China, and China, the cardiovascular and pulmonary segments are expected to see substantial growth in the future. In countries with high income, the premature death rate from CVD is only 4%, while it is 42% in lower-income countries. Patients with heart valve replacement, pulmonary Fibrosis, coronary stent, and post coronary bypass surgery installation can benefit from physical therapies.

Worldwide, the incidence of cardiac and lung diseases has amplified dramatically. This has led to a significant cost burden for many countries. CVDs are the leading cause of death in the world. According to the American Heart Association, CVDs were also diagnosed in approximately 90 million Americans in 2017. CVD is most often caused by inactivity or unhealthy lifestyles. This is why the segment’s rapid growth has been driven by the adoption of sedentary lifestyles.

Type Analysis

The market for physiotherapy equipment was dominated by the ultrasound segment with a share of 41.7%. It is expected that the market will experience a high CAGR over the forecast period. The healing process is speeded up by ultrasound therapy, which reduces swelling and edema. The segment growth is being supported by the launch of new products and regulatory approvals. BTL was granted FDA approval in December 2016 for its BTL-4000 Premium and Smart lines, which are used to treat musculoskeletal conditions.

In 2021, the thermoelectric stimulation segment held the second-largest market share. The rehabilitation of neurological disorders like stroke, multiple sclerosis, cerebral palsy, and Parkinson’s disease is the main purpose of electrical stimulation therapy. Companies such as Ottobock and Bioness manufacture functional electrical stimulators. The segment growth is expected to be driven by the rising incidence of neurological disorders and pain.

Hydrotherapy is the application of the mechanical and thermal healing qualities of water to treat disorders like stress, muscle swelling, depression, and arthritis. Hydrotherapy currently includes hydrotherapy techniques such as showers and baths. The segment is expected to grow due to increasing awareness and the growing number of hydrotherapy providers.

End-Use Analysis

Hospitals & Clinics held the largest market share due to their large patient base and implementation of different programs by hospitals. Due to the high cost of physiotherapy instruments, most patients prefer to be treated in multispecialty hospitals and specialized clinics.

Many hospitals and clinics are expanding their medical services to include specialized units that provide physical therapy or other treatment options for patients who have had surgery or trauma. Rani Chandra Mani Devi Government Hospital, India, drafted a proposal in October 2018 to establish a physiotherapy center to meet the growing demand for community rehabilitation. Physiokinetic partnered up with the Performance Centre of the University of Birmingham Sport & Fitness in the United Kingdom to provide specialized physiotherapy for all types of injuries. This partnership is expected to increase the segment’s growth.

In the forecast period, the other end-use segment will experience the greatest growth. Community centers, sports centers, and convalescent homes are all other end-users. Schools & sports academy are also possible. The market is expected to grow due to changing demographics worldwide, the growing trend toward an active lifestyle, as well as the increased acceptance of sports as a profession. According to regulatory bodies, the availability of equipment and physiotherapists in such institutions is required to promote market growth.

Key Market Segments:

By Application

• Neurology
  • Stroke
  • Spinal Cord Injuries
  • Parkinson’s Disease
  • Multiple Sclerosis
  • Cerebral Palsy
  • Others
• Pediatrics
• Musculoskeletal
• Cardiovascular & Pulmonary
• Other Applications

By Type

• Hydrotherapy
• Continuous Passive Motion (CPM)
• Ultrasound
• Cryotherapy
• Electric Stimulation
• Therapeutic Exercise
• Heat Therapy
• Other Types

End-use

• Hospitals & Clinics
• Rehabilitation Centers
• Other End-Use

Market Dynamics:

Physiotherapy is also known as physical therapy. It’s a form of treatment that aims to restore and improve body function. It uses a variety of techniques and methods to assist patients in maintaining their health and quickly recovering from medical problems. These outpatient treatments usually last longer and are done in clinics. Inpatient rehabilitation is often reserved for patients who have had surgery.
Market growth will be driven by an aging population and the increasing prevalence of neurological, cardiovascular, and musculoskeletal disorders. This is true not only for established countries but also for emerging economies like India and China. According to the WHO’s National Institute on Aging (25-30%), dementia and other neurodegenerative diseases are expected to rise significantly. Dementia can eventually lead to impairments in thinking and speech-motor skills. Most patients with dementia will require constant care and monitoring. Physiotherapy equipment can help to reduce the need for assistance.

Asia and Europe are home to the highest percentage of elderly people in the world. They are expected to continue this trend for at least 50 more years. Many countries have joined forces to tackle age-related care costs and control chronic diseases. Chronic diseases like arthritis, diabetes, COPD, and asthma are some of the most common causes of death worldwide. They account for 63% of all deaths. Both in Asia and the Middle East, diabetes and cardiovascular diseases are very common. The risk of developing disabilities is higher in the elderly population than in other age groups. The demand for physical and rehabilitation therapy will continue to rise with the increasing number of geriatrics.

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In 2019, the International Osteoporosis Foundation forecasted that Europe’s osteoporosis population would reach 33.9million by 2025. This is 23% more than 26.5 million people in 2010. The study also indicated that Asia will account for over half of all osteoporotic fractures in the hips by 2050. As orthopedic diseases become more common, rehabilitation services are in high demand. Neurological disorders are a significant part of global morbidity, mortality, and the leading cause of death, stroke.

Regional Analysis:

North America was the dominant market leader with 39% of the global market. This is due to increasing cases of mishaps and accidents, rising incidences of osteoporosis, and an aging population. Market growth is also being boosted by the presence of many hospitals and home care providers for elderly people. Due to increasing incidences of chronic diseases such as stroke, Parkinsonism, paralysis, and spine injuries, the demand for physiotherapy will increase. According to a survey by the National Centre for Health Statistics in the United States, 52.1% of people over 18 reported pain from any joint, muscle, or bone. Lower back pain, which affected 28.6%, was the most common.

Over the forecast period, Asia Pacific will experience a remarkable increase in its market. The Asia Pacific market is poised for growth due to a growing reimbursement situation for physical therapy and rising incidences of degenerative neurological, cardiopulmonary, respiratory, and musculoskeletal disorders.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis:

Market leaders are collaborating and acquiring key players in order to increase their market presence. Colfax purchased DJO Global, Inc. in February 2019 for USD 3.15 million. Colfax was able to expand its product range in the orthopedic segment with this acquisition. Athletico purchased Maximum Impact Physical Therapy in May 2019. This company operates clinics that offer occupational therapy, physical therapy, and other specialized services. Athletico was able to enter the Texas (Dallas), and Tucson (Arizona), markets through this acquisition. RehabWorks was acquired by Archimed SAS in 2017. The following are some of the major players in the global market for physiotherapy equipment:

Key Market Players:

• BTL
• EMS Physio Ltd.
• Dynatronics Corporation
• RICHMAR
• Performance Health
• Storz Medical AG
• Zimmer MedizinSysteme Gmb
• ITO Co., Ltd.
• Other Key Players

For the Physiotherapy Equipment Market research study, the following years have been considered to estimate the market size: