The global Physiotherapy Equipment market size was valued at USD 19.1 Billion in 2022. It is expected to expand at a CAGR of around 6.69% from 2023 to 2030.  

Physiotherapy Equipments Market Overview:

The number of car accidents and injuries, as well as the growth of rehabilitation clinics, are likely to increase the need for physiotherapy devices. Incorrect eating habits and a busy lifestyle can cause pain in the ligaments, nerves, muscles, back, and neck. Stroke and Parkinson's disease are also becoming more common, which is expected to drive the market. Due to the increased benefits of physical therapy, doctors have started recommending it to their patients. This has caused the demand for physical therapy equipment to rise.

Physiotherapy, which is also called "physical therapy," is a type of treatment that aims to improve and restore the normal function of the body. It uses a variety of technologies and methods to help people keep their health in good shape and get better quickly from medical problems. Most of the time, these treatments take longer and are done in outpatient clinics. On the other hand, people who are being watched after surgery are often the only ones who can get inpatient rehabilitation.

The market is expected to grow not only in developed countries, but also in countries with growing economies like India and China, where the population is getting older and more people are getting heart, brain, and joint diseases. The WHO's National Institute on Aging predicts that the number of people with dementia and neurodegenerative diseases will rise by 25–30%. Cognitive and speech-motor skills get worse as dementia gets worse. Most of these patients need long-term care, support, and monitoring, which could be made easier with physiotherapy tools.

Market Dynamics:

Drivers: Growing demand for rehabilitative care

The main goal of physiotherapy and other rehabilitation therapies is to improve a person's strength and mobility and find and use solutions to any problems. If someone has fallen, a physiotherapist may give them walking aids and a set of exercises to help them get their balance and strength back. Rehabilitation can also help people with asthma, chronic fatigue syndrome, or after major surgery keep up their strength.

Restraints: Unstable reimbursement scenario for physiotherapy

Changes in health insurance policies and coverage have a big effect on how much people have to pay out of pocket. This could lead to different kinds of service and affect the quality of care. Patients often have to pay for things out of their own pockets because of differences in coverage between federal and private payers. Before co-insurance coverage starts, a patient may have to pay co-payments, co-insurance, facility fees, and a large deductible. Co-payments can be very expensive for a lot of physiotherapy treatments. Costs can make it hard for people to get the care they need, so some people don't get treatment. Some patients, on the other hand, may not be able to go back to work or do other normal things.

Opportunities: Rising technological advancements

In the physiotherapy equipment industry, market participants are putting more emphasis on improving technology and making new, easy-to-use products. Virtual reality, robotics, exoskeletons, gadgets that can be implanted, and interactive video games are all expected to open up a lot of business opportunities. Interactive video games are used in physical and rehabilitation centers to help people with neurological problems get better faster. Cybertherapy is another new technology that is helping to grow the market. In cybertherapy, doctors and patients talk to each other through a wireless interface. eTherapy is becoming more popular because it has many benefits for both medical professionals and people who need physical treatments. During the time frame of the projection, these technological advances will drive up the demand for physiotherapy goods.

Challenges: Alternative therapies such as Acupuncture

Acupuncture is used a lot and is seen as a good alternative to physiotherapy by the medical community. It has many benefits, such as high patient compliance and low cost. A lot of physiotherapists use acupuncture as a treatment option as part of their practice. For many illnesses, acupuncture may be suggested. It is often used as a supplement to treat acute and chronic injuries, back and neck pain, muscle, and joint problems, nerve pain, headaches and migraines, and sports injuries. Due to its many benefits and low cost, acupuncture is often chosen by patients over other physiotherapy treatments. This slows the market growth to some extent.

Segments Insight:

Type Insights:

The thermoelectric stimulation market was the second biggest in 2021. Electrical stimulation therapy is mostly used to help people who have had a stroke, have cerebral palsy, have multiple sclerosis, or have Parkinson's disease get better. Functional electrical stimulators are made by companies like Ottobock, Bioness, and WalkAide. The growth of the segment should be helped by the fact that pain and neurological diseases are becoming more common.

Application Insights:

As developing countries like China, India, Brazil, etc. become more open to physical therapy services, the cardiovascular and pulmonary segment is expected to grow a lot over the next few years. Heart disease is the cause of early death in 4% of high-income countries and in 42% of low-income countries. Physical therapy can help people with pulmonary fibrosis, heart valve replacement, post-coronary bypass surgery, and coronary stent implantation.

End-Use Insights:

Hospitals and clinics had the biggest share of the market because they saw the most patients and took part in the most programs. Also, because physiotherapy equipment is so expensive, most patients choose to get their care in hospitals or clinics that treat many different kinds of conditions.

For people who have been hurt or had surgery and are recovering, hospitals and clinics are adding specialist departments that focus on physical therapy or an alternative treatment plan. In October 2018, the Rani Chandramani Devi Government Hospital in India filed a plan to build a physiotherapy facility. This was because there was a growing need for community rehabilitation. Physiokinetic worked with the Performance Centre of the University of Birmingham Sport & Fitness to treat all kinds of injuries in the United Kingdom with specialized physiotherapy. This is expected to encourage segment growth.

Regional Insights:

North America had a 38.5% share of the global market. This was because there were more accidents and mishaps, more people got osteoporosis, and the population was getting older. The market is also growing because there are more hospitals and people who provide care at home for people who are getting better. Also, the number of people with chronic diseases like Parkinson's, strokes, paralysis, and spinal injuries is expected to rise, which will make more people need physiotherapy. The National Center for Health Statistics in the US did a survey in 2017 and found that 52.1% of adults aged 18 and up had pain in a muscle, joint, or bone. Lower back pain was the most common type of pain, affecting 28.6% of the population.

During the predicted time, the Asia-Pacific region is expected to grow at a very fast rate. The Asia-Pacific market is expected to grow because insurance coverage for physical therapy is getting better, the population is getting older, and the number of people with degenerative neurological, cardiovascular, respiratory, and musculoskeletal disorders is going up.

Scope Analysis:

Competitive Analysis:

DJO Worldwide, Enraf-Nonius, Kindred Healthcare, Inc., Select Medical, Concentra Operating Corporation, BTL Industries, U.S Physical Therapy, Inc., Isokinetic, Inc., EMS Physio Ltd, and Zynex Medical Inc. are among the leading suppliers mentioned in the global physiotherapy equipment market study. These players' primary marketing methods are forming alliances, introducing new products, and making acquisitions.

For example, DJO Global released the DonJoy X-ROM Post-Op Knee Brace in June 2020. This brace has an improved user-friendly fastening that is easy to adjust and easy to put on. In 2019, the company made the first leg and retractor holder that was completely sterile for anterior approach hip arthroplasty.

In the current business environment, companies have been using AI platforms to improve their business processes. EMS Physio Ltd. is an example of a company that stays in touch with its UK and international distributors and gives them the logistical support they need.

Recent Development:

• In February 2022, Colfax Corporation (US) announced the renewal of its partnership with the Professional Football Athletic Trainer Society (PFATS, US), allowing the firm to continue endorsing and recommending its products to certified athletic trainers.
• BTL Industries (UK) bought Schepp MedTech in January 2022. (US). This acquisition was made to add robots to BTL's already-extensive line of physiotherapy products.
• Zynex, Inc. (US) announced the release of Post-operative and OA (Osteoarthritis) knee braces in January 2022. Knee braces can prevent wear and tear on the problematic joint, allowing inflammation to subside and reducing pain/degeneration of the damaged knee joint, therefore delaying or reducing the need for surgery.
• In January 2021, Dynatronic Corporation (US) introduced a new bariatric stand-in table equipped with an electric patient lift and an H-brace treatment table.

Market Segmentation:

By Type:

• Cryotherapy
• Hydrotherapy
• Electrotherapy
• Continuous Passive Motion Units
• Multi-exercise Therapy Unit
• Heat Therapy
• Ultrasound Physiotherapy
• Other Therapy Types

By Application:

• Neurological
• Musculoskeletal
• Cardiovascular and Pulmonary
• Others

By End-User:

• Hospitals
• Rehabilitation Centers/Clinics
• Homecare Settings

By Companies:

• BTL
• EMS Physio Ltd.
• Dynatronics Corporation
• RICHMAR
• Performance Health
• Storz Medical AG
• Zimmer MedizinSysteme GmbH
• ITO Co., Ltd.
• Enraf-Nonius B.V.
• Whitehall Manufacturing