The Physiotherapy Equipment Market was valued for $1.62 billion in 2022 and is estimated to reach $2.79 billion by 2032, exhibiting a CAGR of 5.6% from 2023 to 2032. Physiotherapy, often known as physical therapy, is a form of medical care designed to enhance and restore healthy bodily function. It makes use of a range of technologies and techniques to assist individuals in maintaining their health and fast recovering from medical conditions. These procedures are carried out in outpatient clinics and typically last longer. Physiotherapy equipment are used in the treatment of different traumas and injuries. Physiotherapy equipment is used to achieve the objective via enhancement of blood flow, quickening of the healing process of tissues, tendons, muscles, and improvement of mobility in constricted joints.
The physiotherapy equipment market growth is driven by high presence of market players who manufacture physiotherapy equipment, rise in prevalence of arthritis, and increase in awareness among the people regarding effectiveness of physiotherapy. Physiotherapists use several kinds of equipment and machines for the treatment & betterment of different kinds of conditions spanning mild spasms to chronic pain to old age arthritis, cancerous conditions, and others. Physiotherapy equipment is used to achieve the objective via enhancement of blood flow, quickening of the healing process of tissues, tendons, muscles, and others. , and/or improvement of mobility in constricted joints. Thus, rise in demand for physiotherapy equipment is expected to boost the growth of market.
For instance, according to the World Health Organization, (WHO), in June 2023, it was reported that 18 million people worldwide were living with rheumatoid arthritis. About 70% of people living with rheumatoid arthritis are women, and 55% are older than 55 years. 13 million people with rheumatoid arthritis experience severity levels (moderate or severe) that could benefit from rehabilitation.
In addition, rise in geriatric population is anticipated to drive the growth physiotherapy equipment market. As geriatric population is more susceptible to orthopedic diseases and joint injuries, it is expected to increase the need of physiotherapy for treatment purposes. Thus, rise in number of geriatric populations is anticipated to increase in demand of physiotherapy for treatment purpose. Thus, this factor is expected to fuel the demand physiotherapy equipment and boost the growth of market. For instance, according to the World Health Organization (WHO), it was estimated that, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time, the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.
The physiotherapy equipment market is segmented into type, application, end user, and region. By type, the market is segmented into equipment and accessories. By application, the market is divided into musculoskeletal, neurology and others. By end user, the market is classified into hospital, physiotherapy and rehabilitation center and others. Others include home care setting and specialty clinics.
Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the global physiotherapy equipment market are EMS Physio Ltd, Enraf-Nonius B.V., Zimmer MedizinSysteme GmbH, Dynatronics Corporation, Performance Health, BTL Corporate, Storz Medical AG., Richmar, Enovis Corporation, Zynex Medical Inc. Key players operating in the market have adopted product approval, product launch, acquisition and agreement as their key strategies to expand their physiotherapy equipment market share.
The physiotherapy equipment market growth is driven by high presence of market players who manufacture physiotherapy equipment, rise in prevalence of arthritis, and increase in awareness among the people regarding effectiveness of physiotherapy. Physiotherapists use several kinds of equipment and machines for the treatment & betterment of different kinds of conditions spanning mild spasms to chronic pain to old age arthritis, cancerous conditions, and others. Physiotherapy equipment is used to achieve the objective via enhancement of blood flow, quickening of the healing process of tissues, tendons, muscles, and others. , and/or improvement of mobility in constricted joints. Thus, rise in demand for physiotherapy equipment is expected to boost the growth of market.
For instance, according to the World Health Organization, (WHO), in June 2023, it was reported that 18 million people worldwide were living with rheumatoid arthritis. About 70% of people living with rheumatoid arthritis are women, and 55% are older than 55 years. 13 million people with rheumatoid arthritis experience severity levels (moderate or severe) that could benefit from rehabilitation.
In addition, rise in geriatric population is anticipated to drive the growth physiotherapy equipment market. As geriatric population is more susceptible to orthopedic diseases and joint injuries, it is expected to increase the need of physiotherapy for treatment purposes. Thus, rise in number of geriatric populations is anticipated to increase in demand of physiotherapy for treatment purpose. Thus, this factor is expected to fuel the demand physiotherapy equipment and boost the growth of market. For instance, according to the World Health Organization (WHO), it was estimated that, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time, the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world’s population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million.
The physiotherapy equipment market is segmented into type, application, end user, and region. By type, the market is segmented into equipment and accessories. By application, the market is divided into musculoskeletal, neurology and others. By end user, the market is classified into hospital, physiotherapy and rehabilitation center and others. Others include home care setting and specialty clinics.
Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the global physiotherapy equipment market are EMS Physio Ltd, Enraf-Nonius B.V., Zimmer MedizinSysteme GmbH, Dynatronics Corporation, Performance Health, BTL Corporate, Storz Medical AG., Richmar, Enovis Corporation, Zynex Medical Inc. Key players operating in the market have adopted product approval, product launch, acquisition and agreement as their key strategies to expand their physiotherapy equipment market share.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the physiotherapy equipment market analysis from 2022 to 2032 to identify the prevailing physiotherapy equipment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the physiotherapy equipment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global physiotherapy equipment market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Equipment
- Accessories
By Applications
- Musculoskeletal
- Neurology
- Other
By End User
- Hospitals
- Physiotherapy and Rehabilitaion Center
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Enraf-Nonius B.V.
- Dynatronics Corporation
- Performance Health
- EMS Physio Ltd.
- Storz Medical AG
- Enovis Corporation
- Zynex Medical Inc.
- Zimmer MedizinSysteme GmbH
- BTL Corporate
- Richmar
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PHYSIOTHERAPY EQUIPMENT MARKET, BY TYPE
CHAPTER 5: PHYSIOTHERAPY EQUIPMENT MARKET, BY APPLICATIONS
CHAPTER 6: PHYSIOTHERAPY EQUIPMENT MARKET, BY END USER
CHAPTER 7: PHYSIOTHERAPY EQUIPMENT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the physiotherapy equipment market was valued at $1.6 billion in 2022, and is estimated to reach $2.8 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.Physiotherapy equipment refers to a wide range of tools and machines that are utilized in the practice of physiotherapy, a branch of healthcare that involves the diagnosis, treatment, and prevention of physical impairments, disabilities, and pain. It is designed to aid physiotherapists in providing patients with various forms of treatment, including exercise, massage, stretching, electrical stimulation, and more. There are different types of physiotherapy equipment including equipment and accessories. Equipment such as electrotherapy, cryotherapy, heat therapy, ultrasound therapy, laser therapy and others are used in treatment of diseases. The application of physiotherapy equipment is in the treatment of musculoskeletal, cardiopulmonary, neurology and other diseases. By end user, of physiotherapy equipment are hospital, physiotherapy and rehabilitation center and others. Others include home care setting and specialty clinics.
Key factors driving the growth of the physiotherapy equipment market include rise in prevalence of chronic diseases such as musculoskeletal diseases neurological diseases, cardiovascular disease and others. In addition, high presence of market players that manufacture physiotherapy equipment and availability of technologically advanced physiotherapy equipment is expected to witness growth of market during the forecast period. For instance, EMS Physio Ltd., medical equipment manufacturing company provides Primo Combination 860 Therapy Unit (ultrasound and interferential NMES), Large ultrasound treatment head single frequency 1MHz ODU, Primo Interferential 960, Primo Multidyne 970, primo radial shockwave therapy unit, shortwave therapy machines, megapulse senior 265, and TENS 120Z electrotherapy devices for pain management. In addition, Zimmer MedizinSysteme GmbH, a medical equipment manufacturing company provides cryo 7, cryo 6, and cryo mini cryotherapy devices.
Moreover, high presence of market players such as Enraf-Nonius B. V., Zimmer MedizinSysteme GmbH, Dynatronics Corporation, Performance Health, BTL Corporate, Storz Medical AG., Richmar, Enovis Corporation, Zynex Medical Inc. which manufacture physiotherapy equipment such as electrotherapy, magnetic therapy, ultrasound therapy, cryotherapy and laser therapy is expected to boost the growth of market. In addition, Rise in number of product launch and product approvals for physiotherapy equipment and availability of technologically advanced physiotherapy devices drives the growth of market. For instance, in August 2021, Storz Medical, a medical equipment manufacturing company, received the 510(k) clearance for the Magnetolith from the U. S. Food and Drug Administration (FDA). The therapy device is now cleared in the USA (as a class II medical device) for the relaxation of muscle spasms, prevention, or retardation of disuse atrophy, maintaining or increasing range of motion and others.
Moreover, Physiotherapists use a combination of techniques, exercises, and modalities tailored to each patient's specific condition and needs. Thus, rise in prevalence of musculoskeletal diseases, increase in awareness among the people regarding effectiveness of physiotherapy and increase in availability of physiotherapy equipment for treatment of musculoskeletal diseases is anticipated to boost the growth of market.
The physiotherapy equipment market is segmented into type, application, end user, and region. By type, the market is segmented into equipment and accessories. By application, the market is divided into musculoskeletal, neurology and others. By end user, the market is classified into hospital, physiotherapy and rehabilitation center and others. Others include home care setting and specialty clinics.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The key players profiled in the EMS Physio Ltd, Enraf-Nonius B. V., Zimmer MedizinSysteme GmbH, Dynatronics Corporation, Performance Health, BTL Corporate, Storz Medical AG., Richmar, Enovis Corporation, Zynex Medical Inc. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in August 2021, Storz Medical, a medical equipment manufacturing company, received the 510(k) clearance for the Magnetolith from the U. S. Food and Drug Administration (FDA). The therapy device is now cleared in the USA (as a class II medical device) for the relaxation of muscle spasms, prevention, or retardation of disuse atrophy, maintaining or increasing range of motion and others.
Key Market Insights
By type, equipment segment was the highest revenue contributor to the market and is estimated to reach $1.89 billion by 2032, with a CAGR of 5.5%.By application, the musculoskeletal segment dominated the global market. However, the neurology segment is expected to be the fastest-growing segment with a CAGR of 6.2% during the forecast period.
By end user, the physiotherapy and rehabilitation segment dominated the global market. However, the others segment is expected to be the fastest-growing segment with a CAGR of 6.3% during the forecast period.
Based on region, North America garnered the largest revenue share in 2022, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 6.5% during the forecast period
Companies Mentioned
- Enraf-Nonius B.V.
- Dynatronics Corporation
- Performance Health
- EMS Physio Ltd.
- Storz Medical AG
- Enovis Corporation
- Zynex Medical Inc.
- Zimmer MedizinSysteme GmbH
- BTL Corporate
- Richmar
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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