Physiotherapy Equipment Market Size - By Type (Equipment, Accessories), By Application (Neurology, Musculoskeletal, Cardiovascular & Pulmonary), By End-use (Hospitals & Clinics, Rehabilitation Centers, Homecare Settings), 2023 – 2032
Report ID: GMI5953
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Published Date: June 2023
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Report Format: PDF
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Base Year: 2022
Companies covered: 13
Tables & Figures: 430
Countries covered: 30
Pages: 200
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Physiotherapy Equipment Market Size
Physiotherapy Equipment Market size was valued at over USD 20.1 billion in 2022 and it is anticipated to reach USD 40.3 billion by 2032 due to increasing awareness and adoption of physiotherapy, government initiatives, growing aging population, and advancements in technology.
Further, the rising incidence of chronic conditions such as musculoskeletal disorders, neurological disorders, and cardiovascular diseases has led to a higher demand for physiotherapy. This, in turn, drives the need for specialized equipment to support effective treatment and rehabilitation.
Physiotherapy equipment refers to the tools, devices, and machines used by physiotherapists, to aid in the assessment, treatment, and rehabilitation of patients with various physical conditions or injuries. This equipment are designed to assist in improving mobility, promoting healing, relieving pain, and enhancing overall physical function.
Lack of reimbursement policies, high equipment cost, regulatory challenges and limited infrastructure and resources are some attributes that are expected to restrain the market gains. Lack of awareness among healthcare professionals and patients about the benefits and applications of physiotherapy equipment can hinder business progression. Moreover, physiotherapy faces competition from alternative therapies or treatments, such as chiropractic care, acupuncture, or alternative medicine. The availability and acceptance of these alternative treatments may further limit the demand for physiotherapy equipment.
COVID-19 Impact
The recent outbreak of COVID-19 had a negative impact on the physiotherapy equipment market revenue in 2020. The pandemic caused disruptions in global supply chains, leading to manufacturing delays and shortages of physiotherapy equipment. This has resulted in challenges in meeting the increased demand for equipment, causing a temporary setback in the industry expansion. Many elective surgeries and non-urgent procedures were postponed or cancelled during the pandemic. This resulted in a temporary decline in the demand for physiotherapy equipment used in post-operative rehabilitation. However, as healthcare systems recovered and elective procedures resumed, the demand recorded an increase in year-on-year growth rate. Moreover, with restrictions on mobility and limited access to healthcare facilities, there has been a shift towards home-based care and telehealth. This has increased the demand for portable and compact physiotherapy equipment that can be used in home settings.
Physiotherapy Equipment Market Trends
Increased patient engagement, portable and wearable devices, data analytics and AI integration, and growing demand towards home-based rehabilitation are key factors driving the industry evolution. Technological advancements have led to the development of more advanced and effective treatment modalities in physiotherapy. For example, robotic-assisted therapy devices provide precise and controlled movements, aiding in rehabilitation and improving patient outcomes. Advanced imaging technologies, such as ultrasound and MRI, enable better assessment and monitoring of conditions, leading to more targeted and personalized treatment approaches.
Additionally, the integration of data analytics and artificial intelligence (AI) in physiotherapy equipment allows for advanced data processing and analysis. Virtual reality (VR) and augmented reality (AR) technologies are being utilized to create immersive and motivating environments for patients during therapy sessions. The integration of technology in physiotherapy has enabled the provision of remote healthcare services. Telehealth platforms and remote monitoring devices allow physiotherapists to provide virtual consultations, monitor patients progress remotely, and deliver exercise programs and instructions through digital platforms.
Physiotherapy Equipment Market Analysis
Based on type, the physiotherapy equipment market is bifurcated into equipment and accessories. The equipment segment was valued at around USD 12.8 billion in 2022. Growing awareness and demand for non-invasive therapies, increasing focus on sports rehabilitation and performance enhancement, and supportive government initiatives among various other factors are driving the demand for adoption of physiotherapy equipment. There is a shift in preference towards non-invasive and drug-free treatment modalities.
Moreover, heat therapy, hydrotherapy, and ultrasound therapy have been proven to be effective in managing various musculoskeletal conditions and promoting healing. These therapies can help reduce pain, relax muscles, improve blood circulation, reduce inflammation, and enhance tissue repair. As their efficacy becomes more widely recognized, the demand for these therapies is growing.
Based on application, the physiotherapy equipment market is segmented into neurology, musculoskeletal, cardiovascular & pulmonary, pediatrics, gynecology, and others. The gynecology segment is anticipated to witness a fastest CAGR of 7.8% by 2032. Pelvic floor dysfunction is a common gynecological condition that can affect women of all ages. It includes problems such as urinary incontinence, fecal incontinence, pelvic organ prolapse, and pelvic pain. Physiotherapy, specifically pelvic floor muscle training, is a key component of conservative management for these conditions. For instance, a systematic review published in the Journal of Sexual Medicine in 2020 found that physiotherapy interventions were effective in reducing pain and improving sexual function in women with dyspareunia.
Based on end-use, the physiotherapy equipment market is categorized into hospitals & clinics, rehabilitation centers, homecare settings, and others. The rehabilitation centers segment is anticipated to reach around USD 15.6 billion by 2032. Aging population, occupational rehabilitation, rise in chronic diseases, increasing awareness and demand for rehabilitation are key attributes contributing to market development. Occupational injuries and work-related musculoskeletal disorders are prevalent in various industries. Facilities equipped with rehabilitation equipment and rehabilitation robots for occupational rehabilitation programs provide specialized services to facilitate the recovery of individuals and their safe return to work. Further, rehabilitation centers specializing in neurological care offer comprehensive programs that include physiotherapy to address the specific needs of individuals with neurological disorders.
U.S. physiotherapy equipment market is expected to reach around USD 12.9 billion in 2032. Well-established healthcare infrastructure, aging population and prevalence of chronic diseases, technological advancements, and sports and fitness culture among other pointers are expected to fuel the country gains. There is an increasing emphasis on preventive care and wellness in the U.S., with individuals seeking proactive approaches to maintain their health and well-being. Physiotherapy plays a crucial role in preventive care, injury prevention, and promoting healthy lifestyles. Further, better insurance coverage and reimbursement policies ensures that patients can access and afford physiotherapy treatments, leading to increased demand and revenue generation.
Physiotherapy Equipment Market Share
Some of the leading players operating in the physiotherapy equipment market include :
Physiotherapy Equipment Industry News:
Physiotherapy equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:
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By Type, 2018 - 2032 (USD Million)
By Application, 2018 - 2032 (USD Million)
By End-use, 2018 - 2032 (USD Million)
The above information is provided for the following regions and countries: