USD 19.49 Billion
Report ID:
SQMIG35A2915 |
Region:
Global |
Published Date: September, 2024
Pages:
159
|Tables:
0
|Figures:
0
Global Physiotherapy Equipment Market was valued at USD 19.49 Billion in 2022 and is expected to rise from USD 21 Billion in 2023 to USD 36.62 Billion by 2031, at a CAGR of 7.2% during the forecast period (2024–2031).
Surging incidence of accidents and trauma cases around the world is projected to primarily augment the demand for physiotherapy equipment over the coming years. Increasing senescent population around the world and rising awareness regarding rehabilitation are also expected to bolster sales of physiotherapy equipment in the future. Adoption of sedentary lifestyles, increase in outdoor activities to compensate for sedentary lifestyles, and advancements in physiotherapy device technologies are also expected to drive physiotherapy equipment market growth going forward. Use of robotic physiotherapy equipment and integration of advanced technologies such as virtual reality (VR) in rehabilitation is also predicted to create new opportunities for physiotherapy equipment companies in the long run. On the contrary, limited reimbursement for physiotherapy, dearth of skilled physiotherapists, and dependency on alternative rehabilitation techniques are projected to slow down sales of physiotherapy equipment across the study period and beyond.
Global Market Size
USD 19.49 Billion
Largest Segment
Neurology
Fastest Growth
Pediatric
Growth Rate
7.2%
To get more reports on the above market click here to Buy The Report
The physiotherapy equipment market is segmented based on the type, demographic, application, end user, and region. Based on the type, the physiotherapy equipment market is segmented into hydrotherapy, cryotherapy, continuous passive motion (cpm), ultrasound, electric stimulation, heat therapy, therapeutic exercise, and others. Based on the application, the market is segmented into neurology, musculoskeletal, pediatric, cardiovascular & pulmonary, and others. Based on the demographic, the market is segmented into non-geriatric population and geriatric population. Based on end user, the market is divided into hospitals & clinics, rehabilitation centers, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Analysis by Application
Musculoskeletal disorders account for a high share of the global physiotherapy equipment demand outlook. The rapidly increasing geriatric population worldwide is a key contributor to this segment's dominance. Moreover, a surge in the prevalence of musculoskeletal disorders and the growing incidence of trauma injuries due to accidents are also expected to contribute to the high market share of this segment. Increasing referral of people with musculoskeletal disorders for rehabilitation programs will also help this segment maintain its high market share.
On the other hand, the demand for physiotherapy equipment for cardiovascular and pulmonary indications is projected to increase at a robust pace. Poor lifestyle choices have resulted in a high incidence of cardiovascular disorders thereby also driving up the demand for physiotherapy equipment for the same. Moreover, increasing air pollution and tobacco consumption has also led to a high number of people suffering from pulmonary diseases and requiring physiotherapy equipment.
Analysis by Demographic
The non-geriatric population accounts for the highest demand for physiotherapy equipment around the world. Rising numbers of adults suffering from spinal cord injuries due to workplace mishaps and accidents are contributing to the high market share of this demographic. The growing number of road accidents and other trauma injuries among people around the world will also help this segment maintain its high market share in the future.
Meanwhile, the demand for physiotherapy equipment for geriatric population is projected to rise at an impressive pace over the coming years. Increasing life expectancy around the world has resulted in a rapid increase in senescent population on a global level. Japan, China, and Italy are projected to be some of the most opportune markets for physiotherapy equipment companies looking to maximize their business via this demographic in the long run.
To get detailed analysis on other segments, Request For Free Sample Report
North America is projected to account for a dominant share of the global physiotherapy equipment market. Growing incidence of osteoporosis, rising aging population, and the presence of a developed healthcare infrastructure are slated to help the high market share of this region. Moreover, the availability of favorable reimbursement policies and quick adoption of advanced rehabilitation techniques and technologies are also predicted to create new opportunities for physiotherapy equipment companies in this region. The United States will be the most opportune market in North America across the forecast period.
Rapidly increasing geriatric population is projected to primarily bolster the demand for physiotherapy equipment in the Asia Pacific region going forward. Growing prevalence of chronic diseases requiring rehabilitation and surging incidence of accidents and trauma injuries are also expected to create new opportunities for physiotherapy equipment companies in this region. India, China, and Japan are slated to be the key markets for physiotherapy equipment providers in this region. Growing availability of favorable reimbursement policies for rehabilitation is also predicted to bolster sales of physiotherapy equipment in the future.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Increasing Senescent Population
Growing Awareness Regarding Rehabilitation
Restraints
Dearth of Skilled Physiotherapists
Request Free Customization of this report to help us to meet your business objectives.
Developing affordable and advanced physiotherapy equipment should be the prime focus of physiotherapy equipment companies if they want to maximize their sales. Physiotherapy equipment companies should also work with medical insurance providers to improve reimbursement scope for physiotherapy in the future. Targeting developing and underdeveloped countries will offer good returns on investments for new as well as leading physiotherapy equipment providers in the long run.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing geriatric population and rising awareness regarding physiotherapy and rehabilitation are projected to bolster the demand for physiotherapy equipment over the coming years. However, limited reimbursement and dearth of skilled physiotherapists are also estimated to impede physiotherapy equipment market growth in the long run. North America is projected to spearhead physiotherapy equipment demand owing to the presence of a large geriatric population in countries such as the United States and Canada. Integration of virtual reality technology will be a key trend for physiotherapy equipment manufacturers in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 19.49 Billion |
Market size value in 2031 | USD 36.62 Billion |
Growth Rate | 7.2% |
Base year | 2023 |
Forecast period | (2024–2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Physiotherapy Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Physiotherapy Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Physiotherapy Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Physiotherapy Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35A2915