Physiotherapy Equipment Market
Physiotherapy Equipment Market Size, Share & Trends Analysis Report by Type (Hydro Therapy, Electro-Therapy, Heat and Cold Therapy, Continuous Passive Motion (CPM) Units, Multi-exercise Therapy Unit, and Other), by Application (Neurological, Musculoskeletal, Cardiovascular & Pulmonary, Gynecological and Others), and by End-User (Physiotherapy Centers, Hospitals and Clinics, Home Care Settings, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
physiotherapy equipment market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. The key factors contributing to the market growth include the increasing prevalence of cardiovascular and neurological diseases across the globe. People who suffered from cardiovascular and neurological diseases are prescribed to opt physiotherapy due to which there is considerable global demand for physiotherapy equipment. As per the reports published by the United Nations (UN) Department of Economic and Social Affairs, on World Population Ageing 2020, the number of older persons in the total population is growing rapidly. Across the globe, approximately 727 million persons aged 65 years or over in 2020 are expected to reach over 1.5 billion by 2050, and the share is expected to increase from 9% in 2020 to around 16% in 2050. Thus, the rapidly growing geriatric population is resulting in a considerable rise in the incidence of chronic diseases across the globe, and attributed to its recovery patients with fast rate and ease the demand for the physiotherapy equipment is been increasing.
However, changes in healthcare insurance policies and coverage are influencing out-of-pocket costs for patients and the lack of trained and skilled personnel for these procedures is hampering the market growth. Whereas the major challenge that is fluctuating market growth is alternative therapies such as acupuncture. As this acupuncture is majorly used and accepted by major medical professionals and communities as a viable alternative to physiotherapy owing to it offers various numerous benefits, such as high patient compliance and low cost among others.
Segmental Outlook
The global physiotherapy equipment market is segmented based on the equipment type, application, and end-user. Based on type, the market is segmented into hydro therapy, electro-therapy, heat, and cold therapy, continuous passive motion (CPM) units, multi-exercise therapy units, and others. Based on the application, the market is sub-segmented into neurological, musculoskeletal, cardiovascular & pulmonary, gynecological, and others. Based on the end-user, the market is segmented into physiotherapy centers, hospitals and clinics, home care settings, and others. Among the equipment type segment, the electro-therapy sub-segment is expected to witness the fastest growth owing to the increasing use of this equipment in neuromuscular electrical stimulation and therapeutic electrical stimulation in clinical settings for rehabilitation procedures. Moreover, rapid technological advancements in the medical sector and electrotherapy equipment are widely used to treat nerve pain, arthritis, sports injuries, muscle atrophy, and back pain owing to such factors segmental growth is attributed further in the market.
The musculoskeletal segment among the application is anticipated to hold a prominent share in the market attributed to the increasing prevalence of musculoskeletal disorders, coupled with the growing geriatric population and lifestyle diseases such as hypertension, obesity, cardiovascular diseases, diabetes, malignant and among others. For instance, in February 2021, according to the data revealed by World Health Organization (WHO), approximately 1.71 billion people were suffering from musculoskeletal conditions across the globe, in that low back pain is the leading cause of the highest-burden with a prevalence of 568 million people. These conditions are also leading to disability in 160 countries and other causes of musculoskeletal conditions such as 436 million people being affected globally with fractures (343 million), neck pain (222 million), amputations (175 million), and rheumatoid arthritis (14 million). Thus, attributed to most common musculoskeletal disorders, such as lower back pain, are the reasons that major patients visiting physiotherapists for the procedures, can be impacting segmental positive growth in the market.
Regional Outlooks
The global physiotherapy equipment market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. North America region is anticipated to hold dominating share in the market due to the advanced healthcare infrastructure and highly adoptable region in terms of advanced technologies at first.
Global Physiotherapy Equipment Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to be the Fastest Growing in the Global Physiotherapy Equipment Market
The region is predicted to witness the fastest growth in the market owing to the increasing aging population in the region, the rising number of private sector hospitals, developments in healthcare infrastructure, and the inclination toward active lifestyles. The market is also driven by a factor such as increasing medical tourism in the region, improving reimbursement scenarios for physical therapy, and increasing incidence of various conditions such as degenerative neurological, cardiovascular, respiratory & musculoskeletal conditions and among others. Moreover, the key player, researchers, and others operating in the market are continually involved in R&D activities and new product innovations to full fill the increased demand by end-user due to the growth observed from the increasing patient pool. For instance, in December 2021, 2 people launched a tech-enabled device for physiotherapists and patients and named it Pheezee. The device is designed to revolutionize the way patient assessments are being done in physiotherapy and rehabilitation centers. Pheezee can monitor and track the recovery of patients that is growing through physiotherapy and rehabilitation procedures.
Market Players Outlook
The major companies serving the global physiotherapy equipment market include- COMPASS HEALTH BRANDS, DJO, LLC, Dynatronics Corp., HMS Medical Systems, Morris Group, Performance Health Holding, Inc. Zynex Medical, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, geographical expansions, partnerships, product launches, and collaborations, to stay competitive in the market. For instance, in August 2021, Upstream Rehabilitation completed the acquisition with Results Physiotherapy to improve access to patient-centric care delivered by an engaged team of therapist partners. With this acquisition, Upstream co. has become the largest pure-play outpatient physical therapy provider in the US and expanded its portfolio to over 1,000 owned and managed clinics across 28 states.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global physiotherapy equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. COMPASS HEALTH BRANDS
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. DJO, LLC
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Dynatronics Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Morris Group
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Zynex Medical, Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Physiotherapy Equipment Market by Equipment Type
4.1.1. Hydro Therapy
4.1.2. Electro-Therapy
4.1.3. Heat and Cold Therapy
4.1.4. Continuous Passive Motion(CPM) Units
4.1.5. Multi-exercise Therapy Unit
4.1.6. Other (Leg, Knee and Foot Equipment, Suspension Aids)
4.2. Global Physiotherapy Equipment Market by Application
4.2.1. Neurological
4.2.2. Musculoskeletal
4.2.3. Cardiovascular & Pulmonary
4.2.4. Gynecological
4.2.5. Others (Pediatric, Antenatal care, Postnatal Care)
4.3. Global Physiotherapy Equipment Market by End-User
4.3.1. Physiotherapy Centers
4.3.2. Hospitals and Clinics
4.3.3. Home Care Settings
4.3.4. Others (Rehabilitation Centers)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Algeo Ltd
6.2. ANTISEL
6.3. BTL Group
6.4. Chirag Electronics Pvt. Ltd.
6.5. EMS Physio Ltd.
6.6. Enraf-Nonius B.V.
6.7. Fisiocomputer
6.8. HMS Medical Systems
6.9. IPRS Mediquipe Ltd.
6.10. Ito Co., Ltd.
6.11. Life Care Systems
6.12. Performance Health Holding, Inc.
6.13. Mectronic Medicale S.r.l.
6.14. Mettler Electronics Corp.
6.15. Milon Group
6.16. Monarch Skin Derma
6.17. Siyi Intelligent Technology Co., Ltd.
6.18. STORZ MEDICAL AG
6.19. TAPSI PHYSIOTHERAPY EQUIPMENT
6.20. We Take Care
6.21. Zimmer MedizinSysteme GmbH
1. GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL HYDRO THERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ELECTRO-THERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL HEAT AND COLD PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL CONTINUOUS PASSIVE MOTION (CPM) UNITS PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL MULTI-EXERCISE THERAPY UNIT PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL OTHER PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL NEUROLOGICAL PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL MUSCULOSKELETAL PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL CARDIOVASCULAR & PULMONARY PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL GYNECOLOGICAL PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL OTHER APPLICATION PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15. GLOBAL PHYSIOTHERAPY EQUIPMENT FOR PHYSIOTHERAPY CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL PHYSIOTHERAPY EQUIPMENT FOR HOSPITALS AND CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL PHYSIOTHERAPY EQUIPMENT FOR HOME CARE SETTINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL PHYSIOTHERAPY EQUIPMENT FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. NORTH AMERICAN PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
22. NORTH AMERICAN PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2021-2028 ($ MILLION)
23. NORTH AMERICAN PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
24. EUROPEAN PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. EUROPEAN PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
26. EUROPEAN PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2021-2028 ($ MILLION)
27. EUROPEAN PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
32. REST OF THE WORLD PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
33. REST OF THE WORLD PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY EQUIPMENT TYPE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2021-2028 ($ MILLION)
35. REST OF THE WORLD PHYSIOTHERAPY EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY EQUIPMENT TYPE, 2021 VS 2028 (%)
2. GLOBAL HYDRO THERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL ELECTRO-THERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL CONTINUOUS PASSIVE MOTION(CPM) UNITS PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL MULTI-EXERCISE THERAPY UNIT PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL OTHER PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
8. GLOBAL NEUROLOGICAL PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL MUSCULOSKELETAL PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL CARDIOVASCULAR & PULMONARY PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL GYNECOLOGICAL PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL OTHERS APPLICATION PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY END-USER, 2021 VS 2028 (%)
14. GLOBAL PHYSIOTHERAPY EQUIPMENT FOR PHYSIOTHERAPY CENTERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL PHYSIOTHERAPY EQUIPMENT FOR HOSPITALS AND CLINICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL PHYSIOTHERAPY EQUIPMENT FOR HOME CARE SETTINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL PHYSIOTHERAPY EQUIPMENT FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL PHYSIOTHERAPY EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. US PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
21. UK PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD PHYSIOTHERAPY EQUIPMENT MARKET SIZE, 2021-2028 ($ MILLION)
