Physiotherapy Equipment Market

Physiotherapy Equipment Industry worth $27.03 billion by 2029, with a CAGR of 6.1%

The report "Physiotherapy Equipment Market by Product (Equipment, Accessories), Application (Musculoskeletal, Neurological, Cardiovascular & Pulmonary, Pediatric & Gynecological Application), End User, Region - Global Forecast to 2029", is projected to reach USD 27.03 billion by 2029 from USD 20.13 billion in 2024, at a CAGR of 6.1% during the forecast period. The market growth drivers include several key factors. First, the physiotherapy equipment demand is rising due to lifestyle-related factors such as obesity, diabetes, smoking, and an aging population. And conditions such as arthritis, joint injuries, strokes, Chronic Obstructive Pulmonary Disease (COPD) and fractures among others lead the way to increasing demand of physiotherapy equipments such as electrotherapy equipment, ultrasound equipment, laser therapy equipment. Technological advancements such as robotics, exoskeletons, gait trainers and wearable devices also benefit the market, leading to enhanced patient outcomes and improved treatment outcomes.

Browse 173 market data Tables and 40 Figures spread through 250 Pages and in-depth TOC on "Physiotherapy Equipment Market by Product (Equipment, Accessories), Application (Musculoskeletal, Neurological, Cardiovascular & Pulmonary, Pediatric & Gynecological Application), End User, Region - Global Forecast to 2029"
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Physiotherapy equipment segment is expected to account for the largest share, by product in the physiotherapy equipment market during the forecast period.

The physiotherapy equipment market is divided by product into the following segments - physiotherapy equipment's and accessories. Physiotherapy equipment contains electrotherapy, ultrasound equipment among others and accessories contains physiotherapy furniture, bandages, braces among others.

Physiotherapy equipment account for a larger share of the physiotherapy equipment market compared to accessories due to several reasons. The rising incidences of chronic diseases, musculoskeletal injuries, and the aging population demand more effective and better physiotherapy tools. The physiotherapy equipment, including the ones like robotic rehabilitation systems, gait trainers, electrical stimulation devices, offer more targeted, intensive and personalized care compared to accessories, as these are majorly used as auxiliary supportive tools. The integration of physiotherapy equipment with emerging technologies, such as wearable devices, virtual physiotherapy, and augmented reality, also serves as a key driver for the market.

Gynecological application segment is expected to have fastest growth, by application in the physiotherapy equipment market during the forecast period.

There are several factors that drive the fastest growth of gynecological applications within the physiotherapy equipment market. Rising awareness of female health, primarily pelvic floor disorders such as urinary incontinence and pelvic organ prolapse, has increased demand for non-invasive physiotherapy treatments. In addition, postpartum recovery needs are another important factor as physiotherapy plays a significant role in treating pelvic floor weakness and musculoskeletal pain. Alongside this, supportive government policies and increased preference for non-invasive treatments for gynecological conditions are growing demand in the area for special physiotherapy equipment.

In 2023, North America accounted for the largest share of the physiotherapy equipment market.

The physiotherapy equipment market is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa, and the GCC Countries. North America has been leading the market for physiotherapy equipment mainly due to its advanced healthcare systems, high investment in healthcare, and above all, the presence of key industry players. The per capita incomes of the key North American countries such as the US and Canada are high enough to support the development of sophisticated medical facilities and physiotherapy and rehabilitation centers that house advanced physiotherapy equipments. The region has also been experiencing an increasing aging population and a prevalent sports culture that results in growing musculoskeletal injuries. This will increase the demand for physiotherapy services as well.

The prominent companies are Enovis Corp. (US), BTL Industries (UK), Performance Health (US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics Corporation (US), EMS Physio Ltd. (UK), Zimmer MedizinSysteme GmbH (Germany) and Zynex Inc, (US).

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Physiotherapy Equipment Market Size,  Share & Growth Report
Report Code
MD 2753
PR Published ON
11/8/2024
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