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Physiotherapy Equipment and Accessories Market Size, Share 2030
‘Physiotherapy Equipment Market by Product (Electrotherapy, Ultrasound Therapy, Shockwave, Traction, Accessories), Application (Musculoskeletal, Neurology, Pediatric, Cardiovascular), End User (Hospital, Rehabilitation Centre) - Global Forecast to 2030,’ published by Meticulous Research®, the physiotherapy equipment & accessories market is projected to reach $27.62 billion by 2030, at a CAGR of 5.5% from 2023 to 2030.Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5457?utm_source=article&utm_medium=social+&utm_campaign=product&utm_content=15-04-2024
Physiotherapy helps improve the strength, function, and movement of body parts. This treatment uses various equipment, such as electric stimulators, cryotherapy equipment, traction machines, and laser therapy equipment.
The growth of this market is driven by factors such as the rising geriatric population and the subsequent increase in chronic disease prevalence, the high number of people living sedentary lifestyles resulting in increased back injuries, the rising incidence rate of sports injuries, and technological advancements. Additionally, emerging economies and increasing demand for home healthcare services are expected to offer opportunities for the market’s growth. However, uncertainty in reimbursement frameworks and a shortage of skilled professionals hamper the growth of this market.
Based on application, in 2023, the musculoskeletal segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to factors such as the aging population, the rising number of people living sedentary lifestyles, and the increasing number of road accidents.
Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the physiotherapy equipment & accessories market. Hospitals & clinics are present in urban and rural areas where separate departments for physiotherapy are established. People prefer hospitals due to the availability of skilled professionals and advanced equipment. Also, post-pandemic, a large population is regaining their accessibility to healthcare services and has started visiting hospitals to continue their regular physiotherapy exercises. These factors contribute to the large market share of this segment.
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Based on geography, in 2023, North America is expected to account for the largest share of the physiotherapy equipment & accessories market, followed by Europe and Asia-Pacific. North America’s major market share is attributed to factors such as the presence of several key market players in the region, advanced healthcare infrastructure in the U.S. and Canada, and the high adoption rate of advanced technologies. However, Asia-Pacific is slated to record the highest growth rate during the forecast period. The growth of this market is mainly driven by the growing geriatric population, rising healthcare expenditure, and increasing disposable incomes. Furthermore, the growing number of physiotherapy centers and the increasing number of people living sedentary lifestyles drive the growth of this regional market.
The report also includes an extensive assessment of the product portfolio, geographic analysis, and key strategic developments adopted by leading market players between 2020 and 2023. In recent years, the physiotherapy equipment & accessories market has witnessed several product launches, partnerships, expansions, and acquisitions.
Some of the key players operating in this market are Enraf-Nonius B.V. (Netherlands), BTL (U.K.), EMS Physio LTD. (U.K.), Dynatronics Corporation (U.S.), Richmar (U.S.), STORZ MEDICAL AG (Switzerland), Enovis Corporation (U.S.), Zimmer MedizinSysteme GmbH (Germany), Mectronic Medicale S.r.l. (Italy), Ito Co., Ltd. (Japan), Zynex, Inc. (U.S.), and A. Algeo Ltd (U.K.).
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