Global Physiotherapy Devices Market To Generate a Revenue of $26.82B By 2028

21-Jun-2022 | Zion Market Research

The global physiotherapy devices market was worth around USD 17.1 billion in 2021 and is estimated to grow to about USD 26.82 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.9 percent over the forecast period.

Physiotherapy is the branch of medicine that deals with the treatment of diseases via physical methods like massage, exercise, and heal treatment. Physiotherapy is provided by certified physical therapists who are involved in the checking, diagnosis, and treatment allotment for the disease or injury. In many cases, physiotherapy does not require any external medication and in some cases, physiotherapy is provided alongside other types of medical treatment. Physiotherapy devices include products like exercise equipment namely treadmills, stationary bikes, and ellipticals, amongst others, a balance ball & chair, a trampoline, mobility equipment, and hold & cold therapy equipment which are used to administer physiotherapy to patients.

The global physiotherapy devices market was impacted negatively by the spread of Covid-19 majorly because patients need a physician around when they are operating these devices to avoid any adverse impact on the injury by improper use of physiotherapy devices. Since one of the major precautions taken during Covid-19 was maintaining social distancing, the global market took a hit.

However, with the general population getting used to the Covid-19, the global market is expected to grow significantly during the forecast period.

The rapidly increasing elderly population who are prone to chronic diseases is expected to propel the global market growth in the coming years. As per reports submitted by the Population Reference Bureau, 1 in every 5 American citizens will be over 65 yrs of age by 2050. The number has already risen from 31M geriatric population in 1990 to 54M in 2020. There is also a growth in the overall population across the globe. The rising population is one of the major causes of road accidents. Along with this, there are other reasons why the number of accidental cases worldwide is increasing like poor infrastructure, maintenance issues, etc. Patients who suffer a major injury because of accidents are generally prescribed physiotherapy along with other medical processes to help them heal faster. The rise in accident cases is expected to aid the global physiotherapy devices market growth during the forecast period. Physiotherapy is a crucial methodology adopted by many sports players to overcome sports-related injuries. The surge in the number of sportspeople and subsequent need for physicians who can provide physiotherapy is a major growth contributing factor in the global market expansion.

Even though viable reimbursement scenarios may impede the global market growth, technological advancements in devices are anticipated to offer numerous opportunities for global market growth. However, the growing inclination toward acupuncture therapy poses a major challenge in the global market.

Global Physiotherapy Devices Market

The global physiotherapy devices market is divided based on type, application, end-user, and region. The type segment is classified into ultrasound, heat therapy, multi-exercise therapy unit, continuous passive motion units, electrotherapy, hydrotherapy, and others. Based on application, the global market is divided into musculoskeletal, neurological, cardiovascular & pulmonary, and other applications. The end-user segment consists of homes, rehabilitation centers/clinics, and hospitals.

The global physiotherapy devices market is expected to be dominated by North America during the projection period owing to the rising geriatric population and an increase in the number of chronic diseases, along with a rise in diabetic patients. The accessible healthcare facility in regions like Canada, and the US, is anticipated to aid the regional market growth.

Asia-Pacific is projected to register the highest CAGR during the projection period because of the rising population, presence of affordable physiotherapists, and growing economy, whereas Europe is expected to generate significant revenue because of increasing sports activities, and sportspersons requiring physiotherapy.

Zimmer MedizinSysteme GmbH, Whitehall Manufacturing, EMS Physio Ltd., Mectronic Medicale, Dynatronics Corporation, Enraf-Nonius B.V., ITO Co., Ltd., Performance Health, BTL Industries Inc., and DJO Global are some of the key players that are functioning in the global physiotherapy devices market.

Recent Developments:

  • In January 2022, BTL Industries, among the global leading manufacturers of medical equipment for medical aesthetics, cardiology, and physical therapy announced the successful completion of its first robotic rehabilitation device transaction.

Browse the full Physiotherapy Devices Market By Type (Hydrotherapy, Electrotherapy, Continuous Passive Motion Units, Multi-Exercise Therapy Unit, Heat Therapy, Ultrasound, And Other Equipment Types), By Application (Cardiovascular & Pulmonary, Neurological, Musculoskeletal, And Other Applications), By End-User (Hospitals, Rehabilitation Centers/Clinics, And Homes) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/physiotherapy-devices-market

Global physiotherapy devices market is segmented as follows:

By Type

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

By Application

  • Cardiovascular and Pulmonary
  • Neurological
  • Musculoskeletal
  • Other Applications

By End User

  • Hospitals
  • Rehabilitation Centers/Clinics
  • Homes

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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