Physiotherapy Devices Market Size, Share, Growth Report 2032

Physiotherapy Devices Market: Industry Prospective

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. The report analyzes the physiotherapy devices market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the physiotherapy devices market.

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Physiotherapy Devices Market: Overview

Physiotherapy refers to a variety of treatments that include therapeutic exercises and physical therapies. It aims to preserve, improve, or restore physical function that has been harmed by disability, injury, or disease. To perform physiotherapy a wide range of physiotherapy devices are been used depending on their application.

Physiotherapy Devices Market: COVID-19 Impact

Governments around the world had announced nationwide lockdowns and social distancing measures in response to the COVID-19 outbreak, in order to prevent health systems from collapsing. Elective surgeries and medical procedures have also been restricted or prohibited by governments. The need for physiotherapy devices has been limited by these restrictions. Physiotherapy device manufacturers are experiencing issues such as in-person product presentations, working at full capacity, and attending conferences that assist generate future sales prospects as a result of these constraints. Furthermore, the shutdown in Asia Pacific countries such as India and China has caused physiotherapy device production and distribution delays. All of these reasons are projected to have a negative impact on the global physiotherapy devices market's growth. However, during the forecast period, with all the operations being on the track, the market is expected to gain momentum and grow at a healthy rate.

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Physiotherapy Devices Market: Growth Drivers

Growing prevalence of neurological and chronic diseases to fuel the market

The rising prevalence of neurological and cardiovascular diseases, as well as the rising geriatric population, have fueled the global demand for physiotherapy devices. The International Osteoporosis Foundation predicted that by the end of 2025, 33.9 million people in Europe would have osteoporosis, up from 26.5 million in 2010. By 2050, more than half of all osteoporotic hip fractures can occur in Asia, according to the study. As a result, the need for rehabilitation services is increasing as the prevalence of orthopedic diseases rises. Improper eating habits and a hectic lifestyle, which cause pain in the neck, back, muscles, nerves, and ligaments are predicted to drive the market. Physicians have been prescribing physiotherapy to patients as a result of the added benefits, leading to a rise in the need for physiotherapy devices, thereby boosting market growth.

Physiotherapy Devices Market: Restraints

Viable reimbursement scenarios may impede the market growth

Modifications in the healthcare insurance policy and coverage have a significant impact on individuals' out-of-pocket spending. This may result in service variations and have an impact on the quality of treatment delivered. Patients frequently pay out of pocket due to differences in coverage within and between private & federal payers. Unless co-insurance rolls in, patients could be liable for facility fees, co-insurance, co-pay, and reaching a large deductible. Co-pays for therapy services can be as much as USD 75 per visit. These fees may limit patients' access to treatments, resulting in circumstances where they do not receive therapy or are unable to engage in everyday routines or return to work.

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Physiotherapy Devices Market: Opportunities

Technological advancements in devices offer numerous opportunities for the market growth

In recent years, with the implementation of artificial intelligence in physiotherapy devices, the nature of physiotherapy devices is evolving. Gait analysis is a classic example of how AI has been applied in physiotherapy assessment. Recent advances in video analysis powered by machine learning have demonstrated that computers can automatically diagnose gait irregularities and underlying pathology in patients with osteoarthritis and Parkinson's diseases. In addition to this, soft robots or dextrous hands have been used in the physiotherapy treatment area to provide simple mobilization in patients with musculoskeletal problems. Thus, artificial intelligence is becoming an important component in physiotherapy evaluation and treatment. All such factors are likely to generate ample opportunities for the growth of the global physiotherapy devices market during the forecast period.

Physiotherapy Devices Market: Challenges.

Growing inclination toward acupuncture therapy is a major challenge for the market growth

Owing to the multiple benefits of acupuncture, such as low cost and high patient compliance, it is been widely utilized and accepted throughout the medical profession as a legitimate alternative to physiotherapy. As part of physiotherapy management, many physiotherapists provide acupuncture as a therapeutic option. Acupuncture can be used to treat a range of ailments. It's frequently used to treat chronic & acute injuries, nerve pain, muscular & joint pain, migraines & headaches, neck & back pain, and sports injuries. Many patients prefer acupuncture to alternative physiotherapy methods because of its wide variety of advantages and inexpensive prices, which may pose challenges for market growth to some extent.

Physiotherapy Devices Market: Segmentation

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.

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.
• In November 2021, Zimmer MedizinSysteme GmbH, a renowned European provider of aesthetic items, diagnostic tools, innovative cardiologic goods, and physiotherapy equipment announced the acquisition of Enraf-Nonius.

Physiotherapy Devices Market: Regional Landscape

North America to dominate the market

Regionally, North America is anticipated to rule the global physiotherapy devices market during the forecast period. The United States is estimated to hold the largest market share in North America and this trend is projected to continue over the forecast period. The region's demographics suggest that the number of people looking for or receiving rehabilitation treatments will continue to rise. The market for physiotherapy devices in the country has been pushed by an increasing number of people who participate in sports and fitness regimens, as well as an increasing number of patients with orthopedic, neurological, cardiovascular, and MSD disorders. On the other hand, during the projection period, Asia Pacific is projected to grow at the fastest rate. The increasing geriatric populations, the increasing numbers of private health centers, improvements in primary healthcare facilities, and a preference for active lifestyles are all contributing to this region's rapid expansion.

Physiotherapy Devices Market: Competitive Landscape

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.

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 The Middle East & Africa