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Hydrotherapy Equipment Market Report 2024 - Market Share Analysis And Trends
"The Business Research Company recently released a comprehensive report on the Global Hydrotherapy Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, The hydrotherapy equipment market size has grown strongly in recent years. It will grow from $2.83 billion in 2023 to $3 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to aging population and health concerns, sports and fitness industry growth, hospital and rehabilitation center adoption, increased investment in wellness centers, government initiatives promoting wellness.
The hydrotherapy equipment market size is expected to see strong growth in the next few years. It will grow to $3.65 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rising demand for aquatic exercise, focus on mental health and wellness, expansion of spa and resort industry, promotion of hydrotherapy in fitness centers, global health and wellness tourism. Major trends in the forecast period include digital health and telehealth trends, customization and personalization in healthcare, collaborations with physical therapy practices, technological advancements, integration with digital health platforms.
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Market Drivers and Trends:
The high number of spinal cord injuries is expected to propel the growth of the hydrotherapy equipment market going forward. A spinal cord injury refers to damage to any part of the spinal cord or nerves at the end of the spinal canal which often causes changes in strength, feeling, and other body functions. Hydrotherapy therapy for spinal cord injury rehabilitation is an effective way to develop balance, strength, and movement patterns as it is a safe and often engaging form of physical therapy for survivors when supervised by a trained physical therapist. For instance, in July 2022, according to United Spinal Association, a US-based disability rights, and veterans service organization, every year approximately 17,700 Americans acquire a spinal cord injury where roughly 78% are men. Therefore, the high number of spinal cord injuries is driving the growth of the hydrotherapy equipment market going forward.
Technological advancements are a key trend gaining popularity in the hydrotherapy equipment market. Companies operating in the hydrotherapy market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Hydro Physio, a UK-based manufacturer of aquatic therapy treadmills, launched the new ACTIVE hydrotherapy trainer, designed to rehabilitate patients who are recovering from an injury or operation. The system offers an ideal solution for specific, hygienic aquatic therapy spaces. It comprises a treadmill chamber, an entrance foyer, and combined water management equipment. It is easy to use and effortlessly accessible for those with limited agility. This system is unique as it is designed to help with osteoarthritis, post-surgery rehabilitation, weight reduction, pain and stress alleviation, overall health, and reducing load bearing on problematic joints. Hydrotherapy aids patients in regaining or enhancing physical wellness in a warm, relaxing atmosphere by combining hands-on pool-based physiotherapy techniques with customized exercises under the supervision of physiotherapists.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
HydroWorx International Inc.; Prime Pacific Health Innovations Corporation; Hydro Physio Ltd.; Technomex; Stas Doyer; Transcom SL; Sidmar Manufacturing Inc.; SwimEx Inc.; Jacuzzi Inc. (Investindustrial Advisors Limited); Accord Medical Products Pvt. Ltd.; EWAC Medical; Kohler Co.; BTL Corporate; Master Spas; Dotolo Europe; Niva Medical Oy; Hudson Aquatic Systems; Aquasure; Narang Medical Limited; Preston Pools; Dimension One Spas; Dynasty Spas; Econo Spas; Endless Pools; FreeFlow Spas; Bodyguard Spas; Marquis Spas; Premium Leisure LLC; Aqua Therapy Corp.; Aquatic Technologies Group LLC
Hydrotherapy Equipment Market 2024 Key Insights:
• The hydrotherapy equipment market will grow to $3.65 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
• Hydrotherapy Equipment Market Surges Ahead With Rising Demand For Spinal Cord Injury Rehabilitation
• Hydro Physio's Innovative Active Hydrotherapy Trainer Sets A New Standard In Patient Rehabilitation
• North America was the largest region in the hydrotherapy equipment market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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