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Strategic Forecast for the Physiotherapy And Rehabilitation Products And Services Industry: Market Outlook 2025-2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsPhysiotherapy And Rehabilitation Products And Services Market Size Growth Forecast: What to Expect by 2025?
The market for physiotherapy and rehabilitation products and services has experienced robust growth in the recent past. The market's worth is projected to rise from $217.18 billion in 2024 to $233.19 billion in 2025, signaling a Compound Annual Growth Rate (CAGR) of 7.4%. Factors contributing to this growth in the preceding period include the aging populace, elevated awareness and acceptance of physiotherapy, a transition to outpatient care and home-based rehabilitation, and regulatory and reimbursement provisions.
How Will the Physiotherapy And Rehabilitation Products And Services Market Size Evolve and Grow by 2029?
The market size for products and services related to physiotherapy and rehabilitation is predicted to witness robust growth in the impending years, reaching a value of $305.85 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. This surge in growth rate during the prediction period can be associated with factors like the increasing prevalence of chronic illnesses, a shift towards outpatient services, enhanced awareness and accessibility, and technological advancements. The upcoming trends in the forecast timeline involve ongoing inclusion of technologies like virtual reality (VR), augmented reality (AR), and artificial intelligence (AI), emphasis on preventive care and wellness, bespoke treatment methodologies, and breakthroughs in assistive devices and robotics.
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What Drivers Are Propelling the Growth of Physiotherapy And Rehabilitation Products And Services Market Forward?
The physiotherapy and rehabilitation products and services market is anticipated to expand due to the increasing geriatric population. The term geriatric population is used to describe individuals aged 65 and older, who typically have unique healthcare needs and concerns that arise with aging. As the number of older adults rises, the demand for physiotherapy and rehabilitation products and services also increases. This is because these adults often need specialized tools and assistance to manage mobility problems and improve overall wellness, providing growth possibilities for companies serving this demographic. For instance, in January 2024, the Population Reference Bureau (PRB), a US nonprofit organization, released data showing that the count of Americans aged 65 and over is projected to rise from 58 million in 2022 to 82 million in 2050 (an increase of 47%), and that this demographic will make up a larger portion of the total population, rising from 17% to 23%. Consequently, the burgeoning geriatric population is fuelling the growth of the physiotherapy and rehabilitation products and services market.
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Which Emerging Trends Are Transforming the Physiotherapy And Rehabilitation Products And Services Market in 2025?
Major firms engaged in the physiotherapy and rehabilitation market are putting their efforts towards the invention of new technologies, such as sophisticated virtual reality platforms, with the aim of enhancing their market revenue. These platforms are being incorporated in physiotherapy and rehabilitation services and products to offer engaging and immersive therapy session for patients. To illustrate, Penumbra Inc., an American medical device corporation, announced the launch of its REAL y-Series, a comprehensive, untethered immersive healthcare solution for rehabilitation, in November 2022. The technology leverages sensors for monitoring the movement and progress of the entire body in real-time. It introduces clinicians to a hands-free, sensor-based virtual reality (VR) platform, empowering them to design exercises and activities that can challenge, motivate and involve patients. This groundbreaking technology is designed to overcome the obstacles in rehabilitation, like patient engagement and motivation, by enhancing the benefits of therapy through increased engagement and intensity, which could lead to better patient results.
What Are the Key Segments in the Physiotherapy And Rehabilitation Products And Services Market?
The physiotherapy and rehabilitation products and services market covered in this report is segmented -
1) By Product Type: Physiotherapy, Rehabilitation
2) By Gender: Male, Female
3) By Income Group: Low, Middle, High
4) By Payment Mode: Out-Of-Pocket, Insurance Payers
5) By End User: Hospitals, Physiotherapy Centers Or Clinics, Rehabilitation Centers, Home Care Settings, Physician Offices, Nursing And Residential Homes, Other End-users
Subsegments:
1) By Physiotherapy: Manual Therapy Equipment, Exercise Therapy Equipment, Electrotherapy Equipment, Hydrotherapy Equipment, Posture Correctors And Braces
2) By Rehabilitation: Mobility Aids, Orthopedic Braces And Supports, Continuous Passive Motion (CPM) Devices, Neurorehabilitation Devices, Prosthetics And Orthotics
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Who Are the Key Players Shaping the Physiotherapy And Rehabilitation Products And Services Market's Competitive Landscape?
Major companies operating in the physiotherapy and rehabilitation products and services market are Medline Industries Inc., Stryker Corporation, Select Medical Corporation, Icahn School of Medicine at Mount Sinai, ITO Co. Ltd., Enovis Corporation, Ottobock, DJO Global Inc., Upstream Rehabilitation Inc., Össur (OSSR.CO), Patterson Medical, ATI Physical Therapy Inc., U.S. Physical Therapy Inc., BSN Medical GmbH, Athletico Physical Therapy, Zynex Medical Inc., Performance Health, Zimmer MedizinSysteme GmbH, Dynatronics Corporation, Biodex Medical Systems Inc., MindMaze Healthcare, Enraf-Nonius B.V., EMS Physio Ltd., Tartan Group, Lifespan Physical Therapy Services
What Geographic Markets Are Powering Growth in the Physiotherapy And Rehabilitation Products And Services Market?
North America was the largest region in the physiotherapy and rehabilitation products and services market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physiotherapy and rehabilitation products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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