USD 19.49 Billion
Physiotherapy Equipment Market Size, Share, Growth Analysis, By Product (Equipment, Accessories), By Application (Musculoskeletal Applications, Neurological Applications), By Demographic, By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2945 |
Region:
Global |
Published Date: November, 2024
Pages:
159
|Tables:
123
|Figures:
67
Physiotherapy Equipment Market Insights
Physiotherapy Equipment Market size was valued at USD 19.5 Billion in 2023 and is poised to grow from USD 20.67 Billion in 2024 to USD 32.96 Billion by 2032, growing at a CAGR of 6.0% during the forecast period (2025-2032).
Surging incidence of accidents and trauma cases around the world is projected to primarily augment the demand for physiotherapy equipment over the coming years. Increasing senescent population around the world and rising awareness regarding rehabilitation are also expected to bolster sales of physiotherapy equipment in the future. Adoption of sedentary lifestyles, increase in outdoor activities to compensate for sedentary lifestyles, and advancements in physiotherapy device technologies are also expected to drive physiotherapy equipment market growth going forward. Use of robotic physiotherapy equipment and integration of advanced technologies such as virtual reality (VR) in rehabilitation is also predicted to create new opportunities for physiotherapy equipment companies in the long run. On the contrary, limited reimbursement for physiotherapy, dearth of skilled physiotherapists, and dependency on alternative rehabilitation techniques are projected to slow down sales of physiotherapy equipment across the study period and beyond.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Neurology
Fastest Growth
Pediatric
Growth Rate
7.2%
Global Physiotherapy Equipment Market ($ Bn)
Country Share for North America Region (%)
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Physiotherapy Equipment Market Segmental Analysis
Global Physiotherapy Equipment Market is segmented on the product, application, demographic, end user, and region. By Product, market is segmented into Equipment, and Accessories. By application, market is segmented into Musculoskeletal Applications, Neurological Applications, Cardiovascular & Pulmonary Applications, Pediatric Applications, Gynecological Applications, and Other Applications. By demographic, the market is segmented into Non-geriatric population, and Geriatric population. By end user, market is segmented into Physiotherapy and Rehabilitation Centers, Hospitals, Home Care Settings, Physician Offices, and Other End Users. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
Musculoskeletal disorders account for a high share of the global physiotherapy equipment demand outlook. The rapidly increasing geriatric population worldwide is a key contributor to this segment's dominance. Moreover, a surge in the prevalence of musculoskeletal disorders and the growing incidence of trauma injuries due to accidents are also expected to contribute to the high market share of this segment. Increasing referral of people with musculoskeletal disorders for rehabilitation programs will also help this segment maintain its high market share.
On the other hand, the demand for physiotherapy equipment for cardiovascular and pulmonary indications is projected to increase at a robust pace. Poor lifestyle choices have resulted in a high incidence of cardiovascular disorders thereby also driving up the demand for physiotherapy equipment for the same. Moreover, increasing air pollution and tobacco consumption has also led to a high number of people suffering from pulmonary diseases and requiring physiotherapy equipment.
Analysis by Demographic
The non-geriatric population accounts for the highest demand for physiotherapy equipment around the world. Rising numbers of adults suffering from spinal cord injuries due to workplace mishaps and accidents are contributing to the high market share of this demographic. The growing number of road accidents and other trauma injuries among people around the world will also help this segment maintain its high market share in the future.
Meanwhile, the demand for physiotherapy equipment for geriatric population is projected to rise at an impressive pace over the coming years. Increasing life expectancy around the world has resulted in a rapid increase in senescent population on a global level. Japan, China, and Italy are projected to be some of the most opportune markets for physiotherapy equipment companies looking to maximize their business via this demographic in the long run.
Global Physiotherapy Equipment Market By Demographic
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Physiotherapy Equipment Market Regional Insights
North America is projected to account for a dominant share of the global physiotherapy equipment market. Growing incidence of osteoporosis, rising aging population, and the presence of a developed healthcare infrastructure are slated to help the high market share of this region. Moreover, the availability of favorable reimbursement policies and quick adoption of advanced rehabilitation techniques and technologies are also predicted to create new opportunities for physiotherapy equipment companies in this region. The United States will be the most opportune market in North America across the forecast period.
Rapidly increasing geriatric population is projected to primarily bolster the demand for physiotherapy equipment in the Asia Pacific region going forward. Growing prevalence of chronic diseases requiring rehabilitation and surging incidence of accidents and trauma injuries are also expected to create new opportunities for physiotherapy equipment companies in this region. India, China, and Japan are slated to be the key markets for physiotherapy equipment providers in this region. Growing availability of favorable reimbursement policies for rehabilitation is also predicted to bolster sales of physiotherapy equipment in the future.
Global Physiotherapy Equipment Market By Region
- Largest
- Fastest
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Physiotherapy Equipment Market Dynamics
Drivers
Increasing Senescent Population
- The aging population around the world is expanding rapidly owing to increasing life expectancy. As aging people are more prone to injuries and musculoskeletal disorders, they are more inclined to opt for physiotherapy and thereby drive market growth as well.
Growing Awareness Regarding Rehabilitation
- People are becoming more aware of the benefits associated with rehabilitation which in turn boost sales of physiotherapy equipment. Emphasis on preventive care is also projected to promote the demand for physiotherapy equipment over the coming years as people become more aware about physiotherapy benefits.
Restraints
Dearth of Skilled Physiotherapists
- The number of skilled physiotherapists and physiotherapy equipment technicians is quite low and decreasing in some parts of the world. This leads to absence of people to provide physiotherapy and thereby also slows down the sales of physiotherapy equipment as well. Limited Reimbursement
- Not a lot of medical and health insurance plans cover physiotherapy expenses, and this limited reimbursement is also a key deterrent for physiotherapy equipment market. People are not willing to spend more on physiotherapy out of their own pockets and this also impedes physiotherapy equipment demand outlook.
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Physiotherapy Equipment Market Competitive Landscape
Developing affordable and advanced physiotherapy equipment should be the prime focus of physiotherapy equipment companies if they want to maximize their sales. Physiotherapy equipment companies should also work with medical insurance providers to improve reimbursement scope for physiotherapy in the future. Targeting developing and underdeveloped countries will offer good returns on investments for new as well as leading physiotherapy equipment providers in the long run.
Top Player’s Company Profiles
- Colfax Corp. (Enovis) (US)
- Zimmer Medizinsysteme GmbH (Germany)
- Zynex, Inc. (US)
- Performance Health (Subsidiary of Madison Dearborn Partners) (US)
- ITO Co., Ltd. (Japan)
- Dynatronics Corporation (US)
- BTL Industries Inc. (US)
- Enraf-Nonius B.V. (Netherlands)
- EMS Physio Ltd. (UK)
- Mectronic Medicale (Italy)
- Whitehall Manufacturing (US)
- Richmar (Subsidiary of Compass Health Brands) (US)
- Life Care Systems (US)
- Storz Medical AG (Switzerland)
- Mettler Electronics Corp. (US)
- Algeos (UK)
- Gymna International (Belgium)
- HMS Medical Systems (India)
- Astar (Poland)
- Embitron s.r.o. (A Certicon Group Company) (Czech Republic)
- Proxomed (Germany)
- Tecnobody (Italy)
- Coolsystems, Inc. (US)
- Johari Digital (India)
- PowerMedic (Denmark)
Recent Developments
- Hydro Physio, a provider of physiotherapy and rehabilitation products from the United Kingdom, announced the launch of its new hydrotherapy system in January 2023 for the Middle Eastern market. The company launched its product at the Arab Health event.
- IncludeHealth, a new company in the rehabilitation space announced the launch of its new musculoskeletal operating system focused on virtual physical therapy in September 2021. The company had developed the newly launched offering in partnership with Google and ProMedica Health Systems.
- Fujitsu, a multinational conglomerate from Japan, announced the launch of its new AI-powered rehabilitation solution in Japan back in February 2021. HOPE ROMREC uses AI technology to analyze and measure patients’ shoulder movements and measurements from video and help physiotherapists evaluate the efficacy of their practices on patients.
Physiotherapy Equipment Key Market Trends
- Development of Portable and Home-based Equipment: Physiotherapy equipment manufacturers can focus on the development of portable equipment that can be used anywhere and transported easily to maximize business scope. Companies can also focus on development of home-based equipment to capitalize on the growing popularity of home healthcare around the world.
- Gamification and Use of Virtual Reality: Physiotherapy equipment companies can integrate virtual reality technology in their offering to create a more comprehensive rehabilitation solution. Market players can also emphasize gamifying physiotherapy to improve the scope of rehabilitation and make the process more appealing to patients.
Physiotherapy Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing geriatric population and rising awareness regarding physiotherapy and rehabilitation are projected to bolster the demand for physiotherapy equipment over the coming years. However, limited reimbursement and dearth of skilled physiotherapists are also estimated to impede physiotherapy equipment market growth in the long run. North America is projected to spearhead physiotherapy equipment demand owing to the presence of a large geriatric population in countries such as the United States and Canada. Integration of virtual reality technology will be a key trend for physiotherapy equipment manufacturers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 18.40 billion |
| Market size value in 2031 | USD 31.09 billion |
| Growth Rate | 6.0% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Physiotherapy Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Physiotherapy Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Physiotherapy Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Physiotherapy Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Physiotherapy Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Physiotherapy Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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