Physiotherapy Equipment Market: Global Industry Analysis and Forecast (2022-2029)

Physiotherapy Equipment Market was valued at US $ 23.41 Bn. in 2021. Global market is expected to grow at a CAGR of 7.9% during the forecast period. The market is expected to reach a value of US $ 43.01 Bn. by 2029.
Physiotherapy Equipment Market Overview:
Physiotherapy is a treatment that targets to expand a patient's flexibility, function, and overall well-being. Physical convalescence, injury inhibition, and health and fitness are all extents where physiotherapy can help. Physiotherapy is a type of physical therapy that delicacies patients with effort and mechanical potency. Physiotherapy is an assortment of therapies that comprise therapeutic callisthenics and physical modalities. These methods are used to preserve, improve, and restore physical purpose that has been wounded by diseases, injuries, or frailties.

There may be several physiotherapy equipment machines used in pain relief such as 2 Channel Tens Machine by Medansh Physiotherapy, Ultrasonic Physiotherapy using Dual Tens Machine by Medansh, 2 Channel Tens with Muscle Stimulator Machine from Medansh Physiotherapy, and Omron physiotherapy machines.



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Physiotherapy Equipment Market Dynamics:
A rising number of healthcare specialists are available and Geriatric inhabitants are on the upswing which is a major driving factor for the market:

The number of Americans elderly 65 and overhead is expected to close twice from 52 million in 2018 to 95 million by 2060, with the 65-and-older age clutch accounting for 23% of the total populace. The ageing inhabitants are rising more expanded in terms of race and civilisation. The fast-growing geriatric population has resulted in a significant increase in the occurrence of chronic diseases in which most of the person is having physiotherapy problems.

On the other hand, a busy lifestyle and poor ingestion habits that affect discomfort in the tendons, back, anxieties, and neck would boost the physiotherapy equipment market. The growing prevalence of orthopaedic disorder is another factor for driving the growth of the market in which the occurrence of orthopaedic diseases fluctuates between 7.2% to 36.2%, Females spine and knee conditions accounted for 13.4% and 12.7%, respectively, meanwhile, male's spine and knee conditions accounted for 13.6% and 4.8%. In Addition, an upsurge in the occurrence of Parkinson's syndrome and whack will witness the growth of the market.

Physiotherapy preservation and equipment are highly expensive are a major restraining factor for the market:

Physiotherapy Treatment starts with $1,500 a portion, and fitness apparatus, such as decent tandems, which start at $800, and treadmills, which start at $1,800 each, are among the most basic parts of physiotherapy equipment. Heart rate monitors and other miscellaneous items cost roughly $150. This high cost of equipment is hampering the growth of the market.

Growing usage of transferable physiotherapy equipment in sports:

Treadmills, exercise cycles, pedal exercisers, and elliptical trainers are impartial a few of the most typical physiotherapy machines found in most therapy clinics and hospitals. The Upper Body Ergometer is an additional portion of fitness equipment (UBE). Sports physiotherapy is a division of physiotherapy devoted to the assessment and usage of injuries resulting from sports and exercise at all levels and ages. This puts extra stress on the joints, ligaments, muscles, and tendons, creating them more susceptible to the grievance.

Substitute of physiotherapy apparatus gives a major challenge for the market:

Physical therapists expand and fortify muscles, tendons, and ligaments using implementation and association. Alternative health practitioners such as chiropractors, acupuncturists, and massage therapists deliver pain relief through different types of physical therapy which are creating a major challenge for the market.
Physiotherapy Equipment Market Segment Analysis:
Based on the Product, the market is segmented into Electrotherapy, Ultrasound, Exercise Therapy, Cryotherapy, Combination Therapy, and Laser Therapy. The Electrotherapy segment is expected to hold 24.5% of the overall market share in terms of revenue by 2029. Transcutaneous electrical nerve stimulation (TENS), interferential (IF) therapy, microcurrent (MICRO) therapy, and electrical muscle stimulation (EMS) are the four elementary types of electrotherapeutic devices. Electrodes accompanying the skin deliver compulsions to the muscles, causing them to indenture. It helps to the escalation of the patient's range of gesticulation and blood circulation. Sprains, arthritis, back pain, scoliosis, and sciatica are all pickled with it.

However, the Laser Therapy segment is expected to grow at a CAGR of 4.5% during the forecast period. Class three and four lasers are used by physical therapists as a therapeutic procedure. These categories of lasers, whether cold lasers or thermal lasers, such as red, near-ultraviolet, or CO2 lasers, give agony liberation and assist in the curative procedure of a variety of musculoskeletal and neuromuscular problems. Apart from this Cryotherapy used several other kinds of equipment such as sterile gloves, gauze, sutures, curettes, and jars which gives an upsurge to the market during the forecast period.

Based on Applications, the Physiotherapy Equipment Market is segmented into Musculoskeletal, Neurological, Pediatric, Gynecological and Others. The Musculoskeletal segment is expected to hold 22.4% of the overall market share in terms of revenue by 2029. Bones, muscles, tendons, ligaments, and soft tissues sort up the musculoskeletal system. They collaborate to endure the body's weight and assist in moving. Pain, stiffness, and other concerns with association and function can be caused by injuries, disease, and ageing. The wear and tear of daily accomplishments can cause muscle tissue injury which is commonly due to musculoskeletal.

However, the Neurological segment is expected to grow at a CAGR of 5.4% during the forecast period. This disease is instigated by the nervous system and also compacts with the verdict and treats with central and peripheral nervous system disease. Seizers, Muscle weakness, Poor cognitive abilities, and also decrease alertness are considered major symptoms caused by a neurological problem.
Physiotherapy Equipment Market Regional Insights:
The Asia Pacific region held the largest market share, accounting for 28.68%, in 2021. This is due to the rising elderly populace, cumulative superiority of carefulness, and extraordinary unmet needs. The Indian Physiotherapy Equipment Market will spread the pinnacle of all Asian countries, cumulative at immediate progress during the forecast period. This is due to an enormous population sordid. The government has retorted by rationalisation healthcare substructure and making services inexpensive. Medical tourism has also enlarged as a result of this scenario.

However, the North American region is expected to grow at a CAGR of xx% during the forecast period. The region's demographics opinion to a stable upsurge in the number of people looking for or demanding reintegration treatments. The market for physiotherapy equipment in the countries like the U.S and Canada has been determined by an increase in the number of people who contribute to fitness schedules and sports, as well as an increase in the number of patients with cardiovascular, neurological, orthopaedic, and MSD disorders. Musculoskeletal illnesses are also one of the most restricting and costly illnesses in the United States.

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Physiotherapy Equipment Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 23.41 Bn.


Forecast Period 2022 to 2029 CAGR:
7.9%
Market Size in 2029:
US $ 43.01 Bn.


 Segments Covered:
by Application
• Musculoskeletal
• Neurological
• Pediatric
• Gynecological
• Others


by Product
• Electrotherapy
• Ultrasound
• Exercise Therapy
• Cryotherapy
• Combination Therapy
• Laser Therapy


by Demographics
• Non-geriatric Population
• Geriatric Population



Physiotherapy Equipment Market by Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Physiotherapy Equipment Market Key Players
• Algeo Limited
• Biosys Elettromedicali
• Whitehall Manufacturing Inc
• Performance Health
• ITO Co. Ltd.
• Mectronic Medicale
• Zimmer MedizinSysteme GmbH
• STORZ Medical AG
• Patterson Medical
• Life Care Systems
• Patterson Medical
• Zynex Medical Inc
• EMS Physio Ltd
• Whitehall Manufacturing
• Isokinetic, Inc.
• HMS Medical Systems

Frequently Asked Questions:

1] What segments are covered in the Physiotherapy Equipment Market report?
Ans. The segments covered in the Physiotherapy Equipment Market report are based on Product and Application.

2] Which region is expected to hold the highest share in the Physiotherapy Equipment Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Physiotherapy Equipment Market.

3] What is the market size of the Physiotherapy Equipment Market by 2029?
Ans. The market size of the Physiotherapy Equipment Market is expected to be US $ 43.01 Bn by 2029.

4] What is the forecast period for the Physiotherapy Equipment Market?
Ans. The forecast period for the Physiotherapy Equipment Market is 2021-2029.

5] What was the market size of the Physiotherapy Equipment Market in 2021?
Ans. The market size of the Physiotherapy Equipment Market in 2021 was US $ 23.41 Bn.