Global Physiotherapy Equipment Market - 2023-2030

Market Overview

The Global Physiotherapy Equipment Market reached US$ 17.9 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 29.4 billion by 2030. The Global Physiotherapy Equipment Market is expected to exhibit a CAGR of 6.6% during the forecast period 2023-2030. Integrating digital health technologies is driving up demand for physiotherapy equipment market trends.

The market is characterized by key players offering various products, including exercise and mobility equipment, therapeutic modalities, and accessories. The market is expected to experience further growth due to the adoption of non-invasive treatments, rising sports injuries, and the focus on improving patient outcomes.

Continuous research and development, along with strategic partnerships and collaborations, are key strategies market players adopt to maintain their market position and drive innovation.

The global physiotherapy equipment market is driven by the factors such as the increasing prevalence of chronic disorders, the rising aging population, the increasing focus on non-invasive treatments, the rising demand for rehabilitative care, the increasing burden of neurological disorders, and technological advancements in physiotherapy equipment.

Market Dynamics

Increasing Focus on Non-Invasive Treatments Drive the Growth of the Physiotherapy Equipment Market

The physiotherapy equipment market is experiencing growth driven by an increasing focus on non-invasive treatments. Patients and healthcare providers prefer non-invasive therapies due to their effectiveness, minimal risk, and shorter recovery times. This trend has led to a surge in demand for physiotherapy equipment that supports non-invasive interventions like therapeutic modalities such as ultrasound, electrical stimulation devices, laser therapy equipment, and exercise and mobility aids.

The shift towards non-invasive treatments is influenced by technological advancements, a growing preference for conservative approaches, and the desire to minimize the use of medications and surgical procedures. As a result, the physiotherapy equipment market is expected to continue growing as healthcare professionals and patients increasingly embrace non-invasive treatment options for various musculoskeletal, neurological, and respiratory conditions.

For instance, on April 19, 2023, HMS Medical Systems, a leading manufacturer of physiotherapy machines and equipments, introduced the PST 5000s, a Pneumatic Shockwave Therapy Machine. This innovative device offers patients a non-invasive treatment option for fast and effective relief from chronic pain and injuries.

Rising Demand for Rehabilitative Care Also Drives the Growth of the Physiotherapy Equipment Market

After surgical procedures, such as orthopedic surgeries or cardiac interventions, patients often require rehabilitation to regain strength, mobility, and functionality. Physiotherapy equipment, such as continuous passive motion (CPM) machines, traction devices, and resistance training equipment, are used to facilitate post-operative rehabilitation.

Conditions like stroke, spinal cord injuries, and Parkinson's disease often result in physical impairments and functional limitations. Physiotherapy is crucial for neurological rehabilitation, focusing on improving mobility, balance, coordination, and overall quality of life. Equipment like balance boards, electrical stimulation devices, and robotic-assisted therapy aids in neurological rehabilitation.

For instance, in May 2023, The University of Kansas School of Health Professions announced the formation of the KU Center for Community Access, Rehabilitation Research, Education and Service (KU CARES), which will focus on preventing disability and maximizing quality of life in persons living with a disability.

They offer a variety of degree programs and research to help people with disabilities, including rehabilitation science, occupational therapy, physical therapy, speech-language pathology, audiology, dietetics, and a doctoral program.

Limited Reimbursement Coverage will Hamper the Growth of the Market.

Healthcare providers, such as clinics and hospitals, may face financial constraints when reimbursement coverage for physiotherapy equipment is limited. This can limit their ability to invest in new equipment, upgrade existing devices, or expand their physiotherapy services.

Advanced physiotherapy equipment often comes with a higher cost, and limited reimbursement coverage discourage healthcare providers from adopting these technologies. This can slow down the adoption of innovative equipment and impede market growth.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the physiotherapy equipment market. Many non-urgent elective procedures and outpatient visits were postponed or canceled during the pandemic to prioritize COVID-19 patients and minimize the risk of transmission. This reduction in patient volumes for physiotherapy services has impacted the demand for physiotherapy equipment.

COVID-19 primarily affects the respiratory system, leading to a surge in demand for respiratory rehabilitation equipment. Physiotherapy equipment such as spirometers, respiratory trainers, and incentive spirometry devices were highly needed for COVID-19 patients' recovery and rehabilitation.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine conflict is estimated to moderately impact the global physiotherapy equipment market. Conflicts disrupt transportation routes, impede trade, and cause delays or disruptions in physiotherapy and related types of equipment. This led to shortages of physiotherapy equipment or difficulties in obtaining necessary components for manufacturing in many regions.

Segment Analysis

The Global Physiotherapy Equipment Market is segmented based on product, application, end-user, and region.

Musculoskeletal Segment from the Application segment Accounts for 54.9% of the Physiotherapy Equipment Market Share

There is a growing trend toward non-surgical and conservative treatments for musculoskeletal conditions. Physiotherapy is a key component of such treatments, focusing on pain management, improving function, and avoiding or delaying the need for surgical interventions. The demand for physiotherapy equipment in the musculoskeletal segment is driven by the preference for non-invasive approaches.

The aging population is more susceptible to musculoskeletal conditions such as osteoarthritis, osteoporosis, and age-related injuries. Additionally, chronic conditions like fibromyalgia and chronic back pain are prevalent among older adults. Physiotherapy equipment assists in managing these conditions and promoting functional independence among the elderly.

For instance, on May 16, 2023, Healthcare Management Administrators (HMA), a pioneer in self-funded health benefit programs and one of the nation's largest third-party administrators, announced that it is partnering with Omada Health to offer virtual-first physical therapy and musculoskeletal (MSK) care. Omada's digital physical therapy program offers accessible science-backed clinical care for musculoskeletal disorders at a low cost.

Geographical Analysis

North America Accounted for Approximately 40.1% of the Market Share Owing to the Well-Developed Healthcare Infrastructure and Increasing Technological Advancements.

North America is known for its advancements in medical technology and innovation. The region is home to many leading manufacturers and developers of physiotherapy equipment, who constantly introduce new and advanced products to the market. This emphasis on technological advancements contributes to the market dominance of North America.

North America has a well-established healthcare infrastructure and traditionally had higher healthcare expenditures compared to other regions. This reflects the importance placed on healthcare services, including physiotherapy. Increased healthcare spending allows for investments in advanced equipment and technologies, further driving market growth.

Competitive Landscape

The major global players in the physiotherapy equipment market include: EMS Physio, BTL Industries, DJO Global Inc., Dynatronics Corporation, Enraf-Nonius BV, Colfax Corp., Patterson Medical, Zynex Medical Inc., HMS Medical Systems, and Zimmer MedizinSysteme GmbH

Why Purchase the Report?

• To visualize the Global Physiotherapy Equipment Market segmentation based on product, application, end-user, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous physiotherapy equipment market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Physiotherapy Equipment Market Report Would Provide Approximately 53 Tables, 54 Figures And 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies