Press release
Physiotherapy Equipment & Accessories Market to Reach $27.62 Billion by 2030
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The physiotherapy equipment & accessories market is poised for significant growth, anticipating a Compound Annual Growth Rate (CAGR) of 5.5% from 2023 to 2030. Driving this upward trajectory are factors such as the burgeoning geriatric population, escalating chronic disease prevalence, sedentary lifestyles leading to increased back injuries, rising sports-related injuries, and continuous technological advancements. The market also benefits from opportunities arising in emerging economies and the growing demand for home healthcare services. However, challenges persist due to uncertainty in reimbursement frameworks and a shortage of skilled professionals.
Advancements in Physiotherapy Equipment Technology
The physiotherapy sector is undergoing transformative changes with the emergence of modern technologies, enhancing therapy practices. Wearable resistance technology is at the forefront, revolutionizing movement improvement. Notably, LILA (Malaysia) has partnered with House of Athlete (HOA) to introduce Exogen, a product based on wearable resistance technology, aiding athletes in early strengthening and Return-To-Sports (RTS) stages post-injury.
Furthermore, innovations have led to more compact and affordable electromyography biofeedback machines, addressing various nervous system issues, including amyotrophic lateral sclerosis and myasthenia gravis. These technological strides contribute to increased demand for physiotherapy equipment.
Market Segmentation and Insights
The physiotherapy equipment & accessories market is segmented by product (equipment and accessories), application (musculoskeletal, neurology, pediatrics, cardiovascular & pulmonary, and other applications), and end user (hospitals & clinics, physiotherapy and rehabilitation centers, and other end users). In 2023, the equipment segment is anticipated to dominate, given the widespread availability of physiotherapy equipment and its efficacy in aiding patients with physical activities.
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Within applications, the musculoskeletal segment is projected to lead in 2023, reflecting the growing number of individuals with musculoskeletal disorders seeking physiotherapy for recovery.
The hospitals & clinics segment is expected to hold the largest market share in the end user category in 2023, owing to their prominence as primary treatment choices. Hospitals utilize physiotherapy both preoperatively and postoperatively, contributing to increased adoption of physiotherapy equipment.
Geographical Analysis
A thorough geographical analysis includes North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa. North America is poised to dominate in 2023, driven by a high incidence of lifestyle-related disorders and technological advancements in physiotherapy equipment.
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Key Players
Leading players in the physiotherapy equipment & accessories market include Enraf-Nonius B.V. (Netherlands), BTL (U.K.), EMS Physio LTD. (U.K.), Dynatronics Corporation (U.S.), Richmar (U.S.), STORZ MEDICAL AG (Switzerland), Enovis Corporation (U.S.), Zimmer MedizinSysteme GmbH (Germany), Mectronic Medicale S.r.l. (Italy), Ito Co., Ltd. (Japan), Zynex, Inc. (U.S.), and A. Algeo Ltd (U.K.).
Mr. Khushal Bombe
Meticulous Market Research Inc.
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