Physiotherapy Equipment Market Share 2022 Scope, New Opportunities, Growth Strategies, Emerging Technologies and Demand Forecast by 2032

BySanket Badgujar
Market Research-8dc7316c

Sales of Physiotherapy Equipment Market are projected to reach $42 million by 2032. From 2022 to 2032, the physiotherapy equipment market is anticipated to expand at a 7.7% CAGR.

In the forecast period between 2020 and 2030, the Physiotherapy Equipment Market is expected to grow rapidly, with a CAGR of 7.2%. Sales of physiotherapy equipment are projected to reach US$ 42 million by 2032. Musculoskeletal physiotherapy will continue to be a significant contributor to market revenue. Furthermore, rising cases of orthopaedic disorders in North America, the East and South Asia are expected to drive demand for physiotherapy equipment.

What are the Factors Driving Physiotherapy Equipment Market?

According to a recent World Health Organization study, over a billion adults lead sedentary lifestyles. They are insufficiently active at all times. High levels of stress from professional and personal responsibilities are the primary causes of lethargy, which can lead to a variety of orthopaedic disorders.

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Furthermore, as pollution levels rise, people are increasingly avoiding outdoor sports or activities, contributing to lower levels of physical exertion. As a result, bones have weakened and joints have frozen, necessitating immediate physiotherapy attention. Pain relievers, braces, and other devices are commonly used to prevent physical injuries.

According to another source, musculoskeletal disorders encompass over 150 diagnoses involving a person’s bones, muscles, tendons, joints, or ligaments. This includes temporary fractures as well as long-term pain or disability. These conditions have an impact on both the elderly and the younger generations, limiting their mobility. Individuals considering early retirement suffer as a result of their inability to fulfil social responsibilities and reduced income. As a result of the high demand for sophisticated treatment, the leading market players have developed technologically advanced physiotherapy units.

Impact of COVID-19 Pandemic In The Physiotherapy Equipment Market

On a global scale, the COVID-19 pandemic has had an impact on almost every industry. Healthcare industries, which are primarily responsible for the rapid treatment of coronavirus patients as well as the prevention of virus spread, have reported some benefits, in contrast to other industries.

Physiotherapy is one such industry that experienced a significant decline during the global pandemic era. Physiotherapy is a type of healthcare that requires patients to communicate with their doctor in order to receive the necessary treatment. As a result, patients are extremely vulnerable to a variety of communicable diseases. And the coronavirus is one of the most contagious. Because coronavirus spread through physical contact, most physiotherapists chose to halt their operations. As a result of the delays in procedures, the demand for physiotherapy equipment fell precipitously.

Furthermore, governments around the world imposed strict lockdown rules, forcing people to stay indoors and halting industrial operations. Because of the scarcity of raw materials, this disrupted the global supply chain of physiotherapy equipment production.

COVID-19 daily spikes have been highest in North America, with over 5.5 million cases in the first quarter alone. As a result of the delay in elective procedures, the market suffered even more. In other parts of the world like East Asia and Oceania, the COVID-19 growth curve was slowly flattening, and stable recovery in the physiotherapy equipment market was observed. Whereas in regions like New Zealand and Australia, the cases were minimum. This enabled the resumption of non-elective procedures, promoting the growth of this market.

What Is The Regional Distribution Of The Physiotherapy Equipment Market?

North America, South America, Europe, East and South Asia, Oceania, and the Middle East and Africa (MEA) are the key regions dominating the physiotherapy equipment market (the Middle East and Africa).

South and East Asia are gradually gaining dominance in the physiotherapy equipment market, accounting for more than 25% of total revenue. In terms of potential cash flow, ultrasound equipment will be the emerging trend. The North American market will continue to dominate, with a market value of 40% or higher.

How Competitive is the Physiotherapy Equipment Market?

A few major players dominate the physiotherapy equipment market. DJO Global, 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 companies. These industries have recovered the current market state through new products, acquisitions, and improved marketing strategies. Following the post-pandemic situation, these companies have recently adopted Artificial Intelligence to mould their business practises.

Key Segment

Equipment Type:

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

Application:

  • Neurological
  • Musculoskeletal
  • Cardiovascular and Pulmonary
  • Others

End-user:

  • Hospitals
  • Rehabilitation Centers/Clinics
  • Homecare Settings

Region:

  • North America
  • Latin America
  • Europe
  • Middle East & Africa (MEA)
  • East Asia
  • South Asia
  • Oceania

 

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