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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.
What is the size of physiotherapy equipment market?
The global market for physiotherapy equipment was valued at over USD 20.1 billion in 2022 and will reach USD 40.3 billion by 2032, backed by the increasing awareness and adoption of physiotherapy, government initiatives, growing aging population, and advancements in technology.
How will rehabilitation centers contribute to physiotherapy equipment industry value?
The rehabilitation centers end-use segment is anticipated to reach around USD 15.6 billion by 2032, owing to the aging population, occupational rehabilitation, rise in chronic diseases, and increasing awareness & demand for rehabilitation.
Who are the key manufacturers of physiotherapy equipment?
B. Enraf-NoniUS B.V., Zimmer MedizinSysteme, DJO Global (Colfax Corporation), Dynatronics, EMS Physio, and ITO Physyiotherapy and Rehabilitation among others.
Why is the U.S. surfacing as attractive prospect in physiotherapy equipment industry?
The U.S. physiotherapy equipment market is expected to reach around USD 12.9 billion by 2032. The presence of well-established healthcare infrastructure, aging population with prevalence of chronic diseases, technological advancements, and flourishing sports & fitness culture are driving industry growth in the region.