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 2024-2031

Global Physiotherapy Equipment Market size was valued at USD 18.40 billion in 2022 and is poised to grow from USD 19.50 billion in 2023 to USD 31.09 billion by 2031, growing at a CAGR of 6.0% in the forecast period (2024-2031).

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. '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)'

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.

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.

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.