Physiotherapy Equipment Market is Anticipated to Witness Strong Growth Due to Rising Prevalence of Chronic Disorders
Physiotherapy Equipment Market is Anticipated to Witness Strong Growth Due to Rising Prevalence of Chronic Disorders
The Global Physiotherapy Equipment Market is estimated to be valued at US$ 28.41 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period from 2024 to 2030.

Physiotherapy equipment includes devices and tools used in physiotherapy and physical therapy to treat injuries, chronic diseases, and to improve mobility. Some common types of physiotherapy equipment are therapeutic ultrasound, continuous passive motion therapy, electrical stimulation devices, and cryotherapy devices. These equipment provide therapeutic heat and cold treatments along with other physical modalities needed for physiotherapy. The rising cases of musculoskeletal disorders, obesity, cardiovascular diseases, and other chronic conditions have significantly increased the demand for physiotherapy and physical therapy treatments. This growing need has propelled the global physiotherapy equipment market.

 

The Global Physiotherapy Equipment Market is estimated to be valued at US$ 28.41 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period from 2024 to 2030.

 

Key Takeaways

 

Key players operating in the Global Physiotherapy Equipment Market Size are Abbott Laboratories, Agilent Technologies, Affymetrix Inc., Beckman Coulter, Inc., Illumina Incorporated, Life Technologies Corporation, Randox Laboratories Ltd., Surfix B.V, GE Healthcare, F. Hoffmann-La Roche Ltd, and AYOXXA Biosystems GmbH. These key players are focusing on new product launches and acquisitions to strengthen their market presence.

 

The rising prevalence of chronic diseases and injuries presents substantial growth opportunities in the physiotherapy equipment market. Increasing global geriatric population susceptible to mobility issues further augments market growth. Introduction of innovative devices and wearable technologies for remote patient monitoring also offers opportunities.

 

Global expansion of key players through collaborations provides access to advanced products in new regions. Growing healthcare infrastructure and spending in emerging economies also drives the market's global reach. Increasing demand for home healthcare solutions enhances availability throughout major markets.

 

Market drivers include increasing adoption of non-invasive therapeutics, rising healthcare investments supporting advanced equipment adoption. Growing awareness of benefits of early intervention physiotherapy expands market outreach. Investments in R&D fuel innovations enhancing treatment effectiveness.

 

Key restraints involve high costs of many electric modality devices restricting widespread procurement. Reimbursement issues in some regions challenge market revenue. Lack of trained professionals acts as another growth barrier, especially in poorer developing regions.

 

Segment Analysis

 

The physiotherapy equipment market is segmented into electrotherapy equipment, ultrasound equipment, exercise therapy equipment, therapeutic software. Among these, the electrotherapy equipment segment dominated the market in 2020 owing to rising benefits of electrical stimulation therapy for pain management. The ultrasound equipment sub-segment is anticipated to be fastest growing segment during the forecast period. Ultrasound therapy is being preferred by physiotherapist for better outcome in shorter duration of time for various musculoskeletal conditions such as joint pain, muscle strain etc.

 

Regional Analysis

 

North America region holds the major share of global physiotherapy equipment market and is expected to continue dominating during the forecast period. higher incidence of orthopedic & musculoskeletal disorders coupled with favorable reimbursement policies are major factors driving the market in this region. Asia Pacific is projected to witness the highest growth rate over the forecast period owing to growing geriatric population, increasing investments by governments as well as private sectors in healthcare infrastructure and rising medical tourism in countries such as India and China. Key players are focusing on geographical expansion into emerging markets and introducing innovative treatment modalities to strengthen their market position globally.

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