Physiotherapy Equipment Market Size, Share & Trends Analysis Report By Application (Neurology, Musculoskeletal), By Type (Hydrotherapy, Cryotherapy), By Demographics, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Physiotherapy Equipment Market Size, Share & Trends Analysis Report By Application (Neurology, Musculoskeletal), By Type (Hydrotherapy, Cryotherapy), By Demographics, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Physiotherapy Equipment Market Growth & Trends

The global physiotherapy equipment market size is expected to reach USD 33.5 billion by 2030, expanding at a CAGR of 7.2% from 2024 to 2030, according to a new study by Grand View Research, Inc. The demand for physiotherapy devices is projected to increase due to the rising number of road accidents and injuries, as well as the growing number of rehabilitation centers. Globalization coupled with the pursual of unhealthy lifestyle habits, often lead to discomfort in the ligaments, nerves, muscles, back, and neck. Additionally, the prevalence of stroke, and Parkinson's & Alzheimer’s disease is also on the rise, which may further drive the market.

According to the Centers for Disease Control and Prevention projected that Hispanic and African American communities are estimated to register a significant rise in Alzheimer's disease and related dementias in the U.S. It is estimated that the number of people affected by Alzheimer's disease may increase to about 14 million by 2060, with minority populations being the most affected.

Moreover, the increasing shift towards home healthcare drives a higher demand for portable, user-friendly physiotherapy equipment. For instanc e, the acquisition of Signify Health by CVS Health in March 2023 is aimed to enable healthcare providers to bring clinicians to patients' homes, identify chronic conditions, close care gaps, and address social determinants of health.

The utilization of telemedicine in physiotherapy is on the rise, allowing patients to access treatment remotely and boosting the need for interconnected physiotherapy devices. For instance, Vsee offers cloud clinic facilities through its telemedicine software to meet specific healthcare needs of its patients. Cloud Clinic utilized Vsee's APIs and SDKs to have their physical therapy telemedicine system up and running within hours.

The global market for physiotherapy equipment is expected to expand due to the growing requirement for non-invasive and medication-free treatment options for chronic ailments, a surge in the elderly population, and technological advancements. This market presents substantial growth prospects in emerging economies, home healthcare settings, and telemedicine platforms.

Physiotherapy Equipment Market Report Highlights

• Based on application, themusculoskeletal segment accounted for the largest revenue share of60.2% in 2023. The growth is attributed to the rising number of accidents which has increased the demand for physiotherapy to treat musculoskeletal diseases and to improve flexibility, muscle strength, and movement control
• Based on type, ultrasound held the largest market share in 2023 owing to the growing applications of ultrasound therapy in the treatment of different disorders and increasing prevalence of lifestyle and chronic diseases
• Based on demographic, non-geriatric population held the largest market share in 2023 owing to the increasing hospital stays and visits
• Based on end-use, hospitals & clinics held the largest market share in 2023 owing to a large patient pool and implementation of various programs by hospitals

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