Farmington, Jan. 27, 2023 (GLOBE NEWSWIRE) -- The global Physiotherapy Equipment market size was valued at USD 19.1 Billion in 2022. It is expected to expand at a CAGR of around 6.69% from 2023 to 2030. The frequency of automobile accidents and injuries, along with the expansion of rehabilitation clinics, are projected to raise the demand for physiotherapy devices. Inappropriate dietary practises and a hectic lifestyle can cause discomfort in the ligaments, nerves, muscles, back, and neck. Stroke and Parkinson's disease are also on the rise, which is anticipated to fuel market growth.
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Due to the growing benefits of physical therapy, physicians have begun recommending it to patients. This has led to an increase in demand for physical therapy equipment. Physiotherapy, commonly known as "physical therapy," is a treatment that tries to improve and restore the body's normal function. It employs a number of technologies and techniques to help people maintain excellent health and recover rapidly from medical difficulties.
Physiotherapy Equipments Market Recent Developments:
- In February 2022, Colfax Corporation (US) announced the renewal of its partnership with the Professional Football Athletic Trainer Society (PFATS, US), allowing the firm to continue endorsing and recommending its products to certified athletic trainers.
- BTL Industries (UK) bought Schepp MedTech in January 2022. (US). This acquisition was made to add robots to BTL's already-extensive line of physiotherapy products.
- Zynex, Inc. (US) announced the release of Post-operative and OA (Osteoarthritis) knee braces in January 2022. Knee braces can prevent wear and tear on the problematic joint, allowing inflammation to subside and reducing pain/degeneration of the damaged knee joint, therefore delaying or reducing the need for surgery.
Physiotherapy Equipments Market Segmentation Analysis:
In 2021, thermoelectric stimulation was the second largest market. Electrical stimulation therapy is typically used to aid in the recovery of patients suffering from a stroke, cerebral palsy, multiple sclerosis, or Parkinson's disease. Companies such as Ottobock, Bioness, and WalkAide produce functional electrical stimulators. Pain and neurological disorders are getting more prevalent, which should aid the segment's growth.
As developing nations such as China, India, Brazil, etc. become more receptive to physical therapy services, it is anticipated that the cardiovascular and pulmonary segment will expand significantly in the coming years. In 4% of high-income nations and 42% of low-income nations, heart disease is the leading cause of early death. People with pulmonary fibrosis, heart valve replacement, post-coronary bypass surgery, and coronary stent implantation can benefit from physical therapy.
The largest market share was held by hospitals and clinics since they saw the most patients and participated in the most programmes. In addition, because physiotherapy equipment is so costly, the majority of patients choose to receive care in hospitals or clinics that treat a variety of illnesses.
Regional Outlook:
North America held a 38.5% market share worldwide. This was the result of an increase in accidents and mishaps, osteoporosis, and the ageing of the population. Additionally, the market is expanding since there are more hospitals and people who give care at home for recovering patients. In addition, the number of persons with chronic conditions such as Parkinson's, strokes, paralysis, and spinal injuries is predicted to climb, resulting in an increase in the demand for physiotherapy.
During the predicted time period, the Asia-Pacific region is anticipated to expand at a rapid rate. The Asia-Pacific market is anticipated to expand because insurance coverage for physical therapy is improving, the population is ageing, and the number of individuals with degenerative neurological, cardiovascular, respiratory, and musculoskeletal problems is rising.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | 6.69% from 2023 to 2030 |
| Market Size in 2022 | USD 19.1 Billion |
| By Type | Cryotherapy, Hydrotherapy, Electrotherapy, Continuous Passive Motion Units, Multi-exercise Therapy Unit, Heat Therapy, Ultrasound Physiotherapy, Other Therapy Types |
| By Applications | Neurological, Musculoskeletal, Cardiovascular and Pulmonary, Others |
| By End User | Hospitals, Rehabilitation Centers/Clinics, Homecare Settings |
| By Companies | BTL, EMS Physio Ltd., Dynatronics Corporation, RICHMAR, Performance Health, Storz Medical AG, Zimmer MedizinSysteme GmbH, ITO Co., Ltd., Enraf-Nonius B.V., Whitehall Manufacturing, and Others |
| Base Year | 2022 |
| Historical Year | 2017 to 2021 |
| Forecast Year | 2023 to 2030 |
Market Drivers:
Biomarkers, also called genomic markers, are unique molecules like nucleic acids (such as DNA and microRNA or mRNA) that can be found in body fluids and tissues and measured. Through molecular profiling at the epigenetic, genetic, and protein levels, biomarkers can be a reliable, specific way to learn about the properties of a disease and how it reacts to a drug. Biomarker analysis is currently used in diagnostic testing, tracking the effects of treatments, and making new drugs (especially for cancer or cardiovascular diseases). qPCR and dPCR are used in biomarker analysis to find and measure the amount of genetic material in isolated samples.
Market Restraints:
Typical qPCR/dPCR methods have a number of technical problems, such as measuring the signal during the exponential phase of the PCR reaction, having to optimise and validate assay procedures, having reaction inhibitors make it hard to find the target, and failing because the nucleotide templates aren't good enough. Unable to detect target molecule. Also, qPCR and dPCR reagents have a few problems that make it hard to use them in genomic research. For example, they chemically bind to dsDNA (SYBR green dye), they can't measure DNA quality (AluQuant), and they use chemicals that can cause cancer (Yield gel).
Market Opportunity:
Drug candidates made from plants that are used to treat diseases often come from chemically similar natural product classes that have almost the same biological effects and often have the same side effects, contraindications, dosage limits, and sites of action. Also, the biological sites of action of these natural products may not be known. This means that their biological effects and side effects may be hard to predict. Gene-based drug candidates with known sites of action can make up for the problems with plant-based drugs (specific genes or proteins).
Physiotherapy Equipments Market Key Segments Covered:
Top Market Players:
BTL, EMS Physio Ltd., Dynatronics Corporation, RICHMAR, Performance Health, Storz Medical AG, Zimmer Medizin Systeme GmbH, ITO Co., Ltd., Enraf-Nonius B.V., Whitehall Manufacturing, and Others.
By Type:
- Cryotherapy
- Hydrotherapy
- Electrotherapy
- Continuous Passive Motion Units
- Multi-exercise Therapy Unit
- Heat Therapy
- Ultrasound Physiotherapy
- Other Therapy Types
By Application:
- Neurological
- Musculoskeletal
- Cardiovascular and Pulmonary
- Others
By End-User:
- Hospitals
- Rehabilitation Centers/Clinics
- Homecare Settings
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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