Physiotherapy Equipment Market By Type (Equipment, Accessories), By Applications (Musculoskeletal, Neurology, Other), By End User (Hospitals, Physiotherapy and Rehabilitaion Center, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The Physiotherapy Equipment Market was valued for $1,621.98 million in 2022 and is estimated to reach $2,795.10 million by 2032, exhibiting a CAGR of 5.6% from 2023 to 2032. Physiotherapy, often known as physical therapy, is a form of medical care designed to enhance and restore healthy bodily function. It makes use of a range of technologies and techniques to assist individuals in maintaining their health and fast recovering from medical conditions. These procedures are carried out in outpatient clinics and typically last longer. Physiotherapy equipment are used in the treatment of different traumas and injuries. Physiotherapy equipment is used to achieve the objective via enhancement of blood flow, quickening of the healing process of tissues, tendons, muscles, and improvement of mobility in constricted joints.
The physiotherapy equipment market growth is driven by high presence of market players who manufacture physiotherapy equipment, rise in prevalence of arthritis, and increase in awareness among the people regarding effectiveness of physiotherapy. Physiotherapists use several kinds of equipment and machines for the treatment & betterment of different kinds of conditions spanning mild spasms to chronic pain to old age arthritis, cancerous conditions, and others. Physiotherapy equipment is used to achieve the objective via enhancement of blood flow, quickening of the healing process of tissues, tendons, muscles, and others. , and/or improvement of mobility in constricted joints. Thus, rise in demand for physiotherapy equipment is expected to boost the growth of market.
For instance, according to the World Health Organization, (WHO), in June 2023, it was reported that 18 million people worldwide were living with rheumatoid arthritis. About 70% of people living with rheumatoid arthritis are women, and 55% are older than 55 years. 13 million people with rheumatoid arthritis experience severity levels (moderate or severe) that could benefit from rehabilitation.
In addition, rise in geriatric population is anticipated to drive the growth physiotherapy equipment market. As geriatric population is more susceptible to orthopedic diseases and joint injuries, it is expected to increase the need of physiotherapy for treatment purposes. Thus, rise in number of geriatric populations is anticipated to increase in demand of physiotherapy for treatment purpose. Thus, this factor is expected to fuel the demand physiotherapy equipment and boost the growth of market. For instance, according to the World Health Organization (WHO), it was estimated that, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time, the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.
The physiotherapy equipment market is segmented into type, application, end user, and region. By type, the market is segmented into equipment and accessories. By application, the market is divided into musculoskeletal, neurology and others. By end user, the market is classified into hospital, physiotherapy and rehabilitation center and others. Others include home care setting and specialty clinics.
Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the global physiotherapy equipment market are EMS Physio Ltd, Enraf-Nonius B.V., Zimmer MedizinSysteme GmbH, Dynatronics Corporation, Performance Health, BTL Corporate, Storz Medical AG., Richmar, Enovis Corporation, Zynex Medical Inc. Key players operating in the market have adopted product approval, product launch, acquisition and agreement as their key strategies to expand their physiotherapy equipment market share.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the physiotherapy equipment market analysis from 2022 to 2032 to identify the prevailing physiotherapy equipment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the physiotherapy equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global physiotherapy equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeEquipment
Accessories
By ApplicationsMusculoskeletal
Neurology
Other
By End UserHospitals
Physiotherapy and Rehabilitaion Center
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Enraf-Nonius B.V.
Dynatronics Corporation
Performance Health
EMS Physio Ltd.
Storz Medical AG
Enovis Corporation
Zynex Medical Inc.
Zimmer MedizinSysteme GmbH
BTL Corporate
Richmar
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