Acoustic Medicine and Ultrasound Therapy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Acoustic Medicine and Ultrasound Therapy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The acoustic medicine and ultrasound therapy market studied is anticipated to grow with a CAGR of nearly 4.1% during the forecast period.

COVID-19 has hampered many patients' accesses to normal health services, such as physician visits, medication, diagnosis, and cardiac rehabilitation. It has harmed patients’ and practitioners’ capacity to follow treatment standards. Additionally, the decline in the number of surgeries during the pandemic, resulted in a decrease in post-surgery rehab physiotherapy, thereby negatively impacting the market growth. In March 2021, according to the World Physiotherapy Report, 70% of respondents said that pandemic-related disruptions occurred to all physiotherapy services. Private practice was the hardest hit (87%) followed by public health services (81%) nursing homes (77%) and community services (72%). Additionally, due to the forced closure of hospital-based physiotherapy departments and private musculoskeletal clinics, many physiotherapists switched to telemedicine. In March 2020, according to the American Physical Therapy Association Report, nearly 50% of physical therapists have adopted virtual care 2021, compared to just 2% prior to the pandemic. In April 2022, the World Confederation for Physical Therapy (WCPT) recommended 3-4 weeks of physiotherapy for COVID-19 patients to aid in their early recovery and general health improvement. This is likely to favour market growth in the coming years.

Certain factors that are driving the market growth include an increase in the number of incidences of sports injuries and bone disorders and the rising interest of people in natural methods of medication. Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. The European countries have a large population engaged in various sports, like football, basketball, volleyball, rock climbing, boating, bike, car racing, etc., which carry an inherent risk of serious injuries or wear and tear, due to extreme training programs. In July 2021, as per the national centre for health statistics, it is estimated that approximately six in 1,000 unintentional fatal injuries can be attributed to sports, such as rock climbing, water sports, or horse-related sports (Equestrian Activities).

In December 2020, as per the United Nations Report: World Population Ageing 2020: Highlights report, there were around 727 million persons over the age of 65 in 2020, constituting 9.3% of the overall population. The geriatric population is predicted to reach 16% by 2050. This is anticipated to drive the market for therapeutic ultrasound devices during the forecast period as the geriatric population is more prone to diseases such as kidney stones, rheumatoid arthritis, and osteoarthritis. High-energy ultrasounds break kidney stones into smaller pieces which can then pass through the body. This allows for a non-invasive and relatively painless treatment option for the geriatric population.

In April 2021, according to the centers for disease control and prevention, more than 50 million people, or 20% of the United States population suffer from some sort of chronic pain. Conditions such as arthritis, lower back pain, joint pain, muscle pain, and fibromyalgia are patients’ major causes of chronic pain. The innovation in wearable ultrasound therapy devices allows for pain relief treatment to take place at home. This reduces the costs associated with a regular hospital or clinic visits. The device emits ultrasound waves that squeeze and open tissues, increasing the movement of nutrients. This speeds up the healing process and creates a soothing effect for the patient, thereby reducing the pain experienced by them drastically. The benefits and the convenience of such devices are driving the demand, especially in high-income regions of North America and Europe.

Key Market TrendsPhysiotherapy Centers to show Lucrative Growth Opportunities in the Global Acoustic Medicine and Ultrasound Therapy Market Market

The current trends suggest that incidences of injuries are expected to increase significantly in the coming years. For instance, in October 2021, as per the Lancet Commission, Osteoarthritis affects 7% of the global population, more than 500 million people worldwide, with women disproportionately affected by the condition. As we know, physiotherapy encompasses various procedures which utilize therapeutic exercises and physical modalities and are aimed at the preservation, enhancement, or restoration of physical function impaired by disease, injury, or disability. Hence, the current high rate of injury and musculoskeletal disorders in developed countries, along with increasing incidences of the same in developed and developing countries, is expected to drive the growth in demand for physiotherapy, across the world.

An aging population and the increasing prevalence of cardiovascular, neurological, and musculoskeletal diseases are likely to propel market growth, not only in established economies but also in emerging economies such as India and China. According to the World Health Organization's National Institute on Aging, the incidence of dementia and neurodegenerative illnesses is anticipated to increase significantly (by 25%–30%). Dementia eventually results in the impairment of thinking and speech-motor abilities. The majority of these patients eventually require continual care, monitoring, and assistance, which can be decreased by the use of physiotherapy equipment. The new launches are fueling the market growth such as Sidra Medicine has launched Qatar’s first in-house developed bi-lingual maternity mobile application 10 moons based on the lunar calendar duration of a pregnancy. The app marks another key milestone in the patient and family focused approach to care provided by the healthcare organization.

Asia and Europe have the world’s highest proportion of the elderly population and are estimated to remain the same for at least the next 50 years. Many countries are working either individually or in collaboration to address age-related cost & care challenges and prevent & control chronic diseases. Chronic diseases such as asthma, diabetes, Chronic obstructive pulmonary disease, and arthritis are the leading causes of mortality globally and represent 63% of all deaths. Cardiovascular diseases and diabetes are extremely prevalent in the Middle East & Africa as well as Asia. In general, the older population has a greater risk of developing disabilities as compared to others. With the increase in the geriatric population, the demand for rehabilitation and physical therapy is expected to grow rapidly in the coming years.

North America Dominates the Global Acoustic Medicine and Ultrasound Therapy Market Market

The United States has the largest share in the market, mainly due to the high frequency of sports injuries occurring in the region. About 30 million children and teens in the country participate in some form of organized sports. Around 21% of all traumatic injuries among American children are from sports and recreational activities. Injuries in the knee (Patellofemoral Syndrome), shoulder, elbow, sciatica, and hamstring strain (muscle or tendon) are the most common sports injuries in the country. Thus, the increasing participation of children in sports and the increasing number of injuries during sports activity is generating the need for this product for treatment purposes. As per the United States statistics report, football according to respondents is followed by 74.5 percent of Americans. More than three out of four people therefore follow American football. In second place among the most followed sports in the world is Basketball with 56.6% with its NBA champions. In third place among the most popular sports. While the increasing injuries are increasing the product demand.

The utilization of sustained acoustic medicine is growing with time because the fascination of people with natural methods of medication is rising. For instance, In August 2021, according to Stanford Children’s Hospital, approximately 3.5 million injuries occur each year due to sports in children and adults in the United States alone which caused the loss of time participation. One-third of the injuries that occur in childhood are sports-related, among which, sprains and strains are the most common. The data clearly illustrates the requirement for a method that can cure chronic pain in a natural but effective way and this increases the need for sustained acoustic medicine more than ever.

The presence of highly developed healthcare infrastructure, high patient awareness levels, a large population of athletes, and sports-related injuries as well as a growing geriatric population in the region. In May 2021, according to the United States Census Bureau’s latest estimates over 50 million senior citizens live in the United States., making up 16.5% of the total population. Florida has the highest percentage of senior citizens (21%), followed by Maine (20%). Utah has the lowest percentage of senior citizens (10.8%), followed by Alaska (11.1%). Thus, the rising geriatric population is driving the product demand as elder people are more prone to acoustic disorders. For instance, the SAM Pro 2.0 is the first and only FDA cleared wearable low-intensity ultrasound device delivering multi-hour treatment to accelerate healing and improve function for musculoskeletal injuries (muscle, tendon, ligament) and reducing chronic pain (without opioid pain medication). Moreover, key industry players such as ZetrOZ Systems, Mettler Electronics Corporation, and dynatronics corporation in the region ensure lower product costs and more options for customers.

Competitive Landscape

The global Acoustic Medicine and Ultrasound Therapy Market market is competitive and consists of several significant players. Companies like ZetrOZ Systems, BTL, Dynatronics Corporation, Roscoe Medical, Inc., and Mettler Electronics Corp. hold a substantial market share.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.