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The global physiotherapy equipment market was valued at USD 21.04 billion in 2023, driven by increasing incidence of sports injuries across the globe. The market is expected to grow at a CAGR of 7% during the forecast period of 2024-2032, with the values likely to reach USD 38.02 billion by 2032.
Physiotherapy also referred as physical therapy are tools and equipment used by the physiotherapist in the treatment and rehabilitation of patients with different sports injuries, musculoskeletal, and neurological disorders, among others. The devices aid in improving the blood flow and thereby speeding up the healing process of tissues, tendons, muscles, etc. One of the key factors that propel the market growth is increasing incidence of sport injuries. As per the National Safety Council (NSC), in 2022 exercise equipment attributed to an estimated 445,642 injuries which contribute to the highest number of cases in any sports and recreation category. Additionally, the market is also driven by the increase in the number of chronic diseases such as musculoskeletal cases, among others.
Increasing Incidence of Sports Injuries to Foster the Market Landscape Significantly
Sports injuries can vary in severity from mild sprains and strains to more serious ailments including fractures and torn ligaments. As per NSC 2022 data, around 3.6 million people were treated in emergency departments for injuries involving sports and recreational equipment. Among this, the most frequent activities associated with injuries are exercise, cycling, and basketball. According to the same source, the highest injury rate is seen in the age group of 15-24-year olds with males more prone to injuries as compared to females.
Increasing Incidence of Musculoskeletal and Neurological Disorders to Boost Physiotherapy Equipment Market Demand
Chronic disorders can cause severe pain in the muscles and joints; therefore, physiotherapy can be helpful in managing them. According to the World Health Organization (WHO), approximately 1.71 billion people are living with musculoskeletal conditions globally. The main conditions include low back pain, neck pain, fractures, other injuries, osteoarthritis, amputation, and rheumatoid arthritis. Furthermore, depending on the type, neurological conditions can cause significant movement problems which can even be worse with the disease progression. Some of the neurological conditions that can cause the need of physiotherapy includes Parkinson disease, cerebral palsy, and spinal cord injury, among others. As per the Parkinson Foundation, more than 10 million people are living with Parkinson globally. While around 15 million people are living with spinal cord injury. Therefore, as the number of chronic disorders is on rise globally, the market is seeing steady growth.
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
Trends | Impact |
Technological Innovations and Product Development | Continuous advancements in technology has led to the development of new equipment which drives the physiotherapy market by enhancing treatment outcomes and patient experience. Increasing Demand for Home-Based Healthcare Solutions As the demand of home-based solutions is increasing, there is high demand of portable, user-friendly, and easy-to-use physiotherapy equipment that allows patients to manage their rehabilitation at home. |
Increasing Demand for Home-Based Healthcare Solutions | As the demand of home-based solutions is increasing, there is high demand of portable, user-friendly, and easy-to-use physiotherapy equipment that allows patients to manage their rehabilitation at home. |
Integration of Digital Health Platforms | Integration of digital tools and platforms are becoming more common in the physiotherapy equipment. Digital platforms with physiotherapy equipment enables seamless data collection and analysis of the patient, thereby enhancing treatment planning and monitoring. |
Wearable Technology and Sensor-based Rehabilitation | Wearable technology, sensors, and smart rehabilitation tools are widely used by the people due to the better functional outcomes, faster recovery, and improved quality of life following injury, surgery, or chronic health conditions. |
Market Breakup by Products Type
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
Market Segmentation Based on Product Type to Undergo Substantial Development
Based on product type, the market segmentation includes hydrotherapy, electrotherapy, laser therapy, ultrasound therapy, shock wave therapy, heat therapy, and others. The type of physiotherapy equipment to be used on the patient depends on the specific patient population, clinical setting, and treatment goals. However, some of the most used equipment are electrotherapy, heat therapy. The physiotherapist may also employ a combination of product types depending on the patient’s need.
Application Areas are Expected to Witness Significant Growth
Based on application, the segment is divided into neurological, musculoskeletal, pediatrics, cardiovascular and pulmonary, and others. However, the physiotherapy is highly prescribed to the patients with neurological and musculoskeletal disorders. Lifestyle risk factors such as poor diet, physical inactivity are also contributing to the growth of neurological and musculoskeletal diseases, which will further impact the market value in the forecast period.
Regionally, the market report offers an insight into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America and Europe, having a robust technological advancement and increasing cases of chronic diseases are estimated to hold a high market value. Increasing collaborations between academic institutions and MedTech companies to boost research initiatives also fuel the region’s market share.
Asia Pacific is projected to witness substantial growth. It can be accredited to increasing geriatric population. With a high demand for technologically advanced medical equipment, countries like India and China are experiencing increased growth.
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Australia
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+61 448 06 17 27
India
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+91-858-608-1494
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United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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