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Physiotherapy Equipment And Accessories Market Size, Product Trends, Key Drivers, Share Analysis And Forecast To 2033
Physiotherapy Equipment And Accessories Market Share
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According to The Business Research Company's, The physiotherapy equipment and accessories market size has grown strongly in recent years. It will grow from $17.28 billion in 2023 to $18.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing demand for home healthcare services, improper eating habits and a stressful lifestyle, favorable healthcare reforms, expansion of home-based and telerehabilitation services, and growing medical tourism and cross-border healthcare.
The physiotherapy equipment and accessories market market size is expected to see strong growth in the next few years. It will grow to $23.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to well-established healthcare infrastructure, increasing emphasis on preventive care and wellness, rising demand for personalized rehabilitation solutions, increasing adoption of physiotherapy in non-traditional settings, and rising health consciousness. Major trends in the forecast period include the integration of artificial intelligence (AI) and machine learning, the development of robotic rehabilitation devices, utilization of virtual reality (VR) and augmented reality (AR), advancement in wearable and portable physiotherapy devices, and development of exoskeletons and powered orthoses.
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Market Drivers and Trends:
A rising incidence of sports injuries is expected to propel the growth of the physiotherapy equipment and accessories market going forward. Sports injuries refer to physical injuries sustained during athletic activities or exercise. The incidence of sports injuries is rising due to increasing participation in high-intensity sports and insufficient injury prevention measures. Physiotherapy equipment and accessories help people with sports injuries by aiding in pain relief, promoting healing, improving mobility, and facilitating rehabilitation. For instance, in April 2023, according to the report published by the Australian Sports Commission, an Australia-based government agency, approximately 18.27 million Australians aged 18 and older engaged in some form of sport or physical activity at least once in 2022. Around 3.47 million individuals, representing 19% of those involved, sustained injuries during their activities. Men reported more injuries, with 1.96 million cases, compared to 1.51 million among women, despite similar overall participation rates. The highest incidence of injuries was observed in mainstream cardio activities, which accounted for 1,056,000 reported injuries. Therefore, a rising incidence of sports injuries drives the growth of the physiotherapy equipment and accessories market.
Major companies operating in the physiotherapy equipment and accessories market are focused on developing advanced products, such as artificial intelligence-based physiotherapy devices, to enhance treatment accuracy and patient outcomes. Artificial intelligence-based physiotherapy devices refer to advanced systems that use AI algorithms to enhance, personalize, and optimize physical rehabilitation and therapy treatments. For instance, in August 2023, AI Rehab Ltd, a UK-based medical equipment manufacturing company, launched Slider, an artificial intelligence (AI)-integrated exercise and remote physiotherapy device for knee arthritis patients. This device is designed for use both in hospitals and at home, making it particularly beneficial for patients undergoing pre-operative and post-operative rehabilitation. Slider utilizes artificial intelligence to facilitate remote physiotherapy. Users simply place the device under their heel to perform essential knee exercises, which are monitored through wearable sensors that track motion and force. The device also employs gamification techniques, allowing users to engage in computer games that encourage leg movements beneficial for knee function. This interactive approach helps alleviate the monotony often associated with traditional physiotherapy exercises.
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Major Key Players of the Market:
Enovis Corporation, DJO Global, Sanitas Physical Therapy, BTL Corporate, Performance Health, Zynex Medical Inc, Dynatronics Corporation, Storz Medical AG, Enraf-Nonius B.V., A. Algeo Ltd, Zimmer Medizin System GmbH, Mectronic Medicale S.r.l, SEERS Medical Ltd, Life Care Systems, GymnaUniphy N.V., EMS Physio Ltd., ITO Co Ltd, Whitehall Manufacturing, HMS Medical Systems, Chinesport S.p.A., Johari Digital Healthcare, RehabMedic Srl, Everyway Medical Instruments Co Ltd, Massage Therapy Concepts
Physiotherapy Equipment And Accessories Market 2024 Key Insights:
• The physiotherapy equipment and accessories market market size is expected to see strong growth in the next few years. It will grow to $23.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Rising Sports Injuries Fuel Growth In Physiotherapy Equipment And Accessories Market
• Advancements In Physiotherapy Equipment Enhance Patient Care And Treatment Efficiency
• Asia-Pacific is expected to be the fastest-growing region in the physiotherapy equipment and accessories market
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