Physiotherapy Equipment Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Physiotherapy Equipment Market is segmented By Product (Laser Therapy, Ultrasound, Cryotherapy, Electrotherapy and Others), By Application (Musculoskeletal, Gynecology, Pediatric and Others), By End User (Hospitals, Clinics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Physiotherapy Equipment Market Size

The Global Physiotherapy Equipment Market reached USD 17.9 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 29.4 billion by 2031. The Global Physiotherapy Equipment Market is expected to exhibit a CAGR of 6.6% during the forecast period 2024-2031. The physiotherapy equipment market is a growing industry that provides essential tools and devices for physical rehabilitation and therapeutic purposes.

It encompasses various equipment, including electrotherapy devices, exercise machines, treatment tables, and therapeutic aids. Technological advancements, such as integrating virtual reality and robotics in physiotherapy equipment, contribute to market growth. 

The Global Physiotherapy Equipment Market is driven by the factors such as the increasing prevalence of chronic disorders, the rising aging population, the increasing focus on non-invasive treatments, the rising demand for rehabilitative care, the increasing burden of neurological disorders, and technological advancements in physiotherapy equipment.

Physiotherapy Equipment Market Summary

For more Insights - Request Free Sample

Physiotherapy Equipment Market Dynamics

Increasing Focus on Non-Invasive Treatments Drive the Growth of the Physiotherapy Equipment Market

The increasing focus on non-invasive treatments is a crucial driver behind the growth of the physiotherapy equipment market. Patients and healthcare providers prefer non-invasive therapies due to their reduced risks, shorter recovery times, and potential cost savings compared to invasive procedures. As a non-invasive treatment modality, physiotherapy is crucial in addressing various health conditions and promoting rehabilitation.

Physiotherapy equipment enables healthcare professionals to deliver non-invasive treatments effectively. Equipment such as electrotherapy devices, therapeutic exercise machines, heat and cold therapy devices, and therapeutic aids help manage pain, improve mobility, strengthen muscles, and enhance overall physical function. This equipment aids in the delivery of various physiotherapy techniques, including electrical stimulation, ultrasound therapy, laser therapy, traction, and therapeutic exercises.

For instance, on May 17, 2023, Singapore-based SynPhNe collaborated with life sciences commercialization company Indegene to launch its non-invasive Synergistic Physio-Neuro Platform into the market. SynPhNe has created a new connected wearable solution, which is claimed to be a first-of-its-kind device that trains the brain and the muscles in one system.

Rising Demand for Rehabilitative Care Also Drives the Growth of the Physiotherapy Equipment Market

Physiotherapy plays a critical role in rehabilitation, and the associated equipment is essential for effective treatments. As the global population ages, age-related conditions and chronic diseases are more prevalent. These conditions often require rehabilitation to regain or improve physical function. Physiotherapy equipment facilitates the delivery of rehabilitative treatments, including exercises, gait training, balance training, and mobility aids.

For instance, on May 30, 2023, Melbourne’s Universal Practice has always done physiotherapy differently. The company opened its first studio in Richmond, combining traditional science-based treatments and wellness practices through physio appointments, yoga, Pilates, and meditation in beautiful, light-filled spaces that heal the body and the mind. Now, after opening two more studios in Fitzroy and Glen Iris, it is realizing physiotherapy’s potential beyond the in-person model with its Virtual Physiotherapy Practice. 

With the growing popularity of sports and physical activities, the incidence of sports-related injuries is also increasing. Physiotherapy plays a crucial role in rehabilitating athletes and individuals with sports injuries. Specialized equipment such as rehabilitation exercise machines, therapeutic modalities, and athletic training aids are essential for effective sports injury rehabilitation.

Limited Reimbursement Coverage will Hamper the Growth of the Market

Physiotherapy equipment can be expensive, especially advanced or specialized devices. Limited reimbursement coverage may result in higher out-of-pocket expenses for patients, making the equipment less affordable and potentially deterring their utilization of physiotherapy services.

Limited reimbursement coverage can result in lower patient demand for physiotherapy services that require specialized equipment. This can lead to a decreased incentive for manufacturers and suppliers to invest in developing and producing innovative physiotherapy equipment, slowing down market growth.

Physiotherapy Equipment Market Segment Analysis

The Global Physiotherapy Equipment Market is segmented based on product, application, end-user, and region.

The Musculoskeletal Segment Accounted for Approximately 54.9% of the Physiotherapy Equipment Market Share

Musculoskeletal conditions such as arthritis, back pain, sports injuries, and post-surgical rehabilitation are prevalent globally. These conditions often require physiotherapy interventions for pain relief, restoration of mobility, strength training, and functional improvement. The high incidence and prevalence of musculoskeletal disorders contribute to the significant market share of the musculoskeletal segment.

For instance, on October 25, 2022, Hospital for Special Surgery (HSS), the world's leading academic medical center specializing in musculoskeletal health, announced a $21M Series A to launch RightMove Powered by HSS, an independent for-profit company, whose mission is to make high quality, patient-focused virtual musculoskeletal physical therapy available to all Americans. The round, led by Flare Capital and HSS, will be used to build out Rightmove technology platform and create a nationwide network of specialty-trained physical therapists. Rightmove expects to be life and treating patients. 

Physiotherapy offers various interventions and techniques to address musculoskeletal conditions effectively. These include manual therapy, therapeutic exercises, electrotherapy modalities, heat and cold therapy, and assistive devices. Physiotherapy equipment designed for musculoskeletal applications, such as exercise machines, traction devices, and therapeutic aids, are essential for delivering these interventions.

Source: DataM Intelligence Analysis (2023)

Global Physiotherapy Equipment Market Geographical Share

North America Accounted for Approximately 40.1% of the Market Share in 2022, Owing to the Well-Developed Healthcare Infrastructure and Technological Advancements

North America, particularly the United States and Canada, has a well-developed healthcare infrastructure, including hospitals, clinics, and rehabilitation centers. This infrastructure supports the adoption and utilization of physiotherapy equipment, driving market growth. North America has traditionally had high healthcare expenditures, reflecting the importance placed on healthcare services. Increased healthcare spending translates into investments in advanced medical technologies and equipment, including physiotherapy devices. 

North America is at the forefront of technological advancements and innovation in the healthcare industry. This includes the development of advanced physiotherapy equipment integrating technologies such as virtual reality, robotics, and artificial intelligence. The technological advancements in the region enhance market growth.

Source: DataM Intelligence Analysis (2023)

Physiotherapy Equipment Companies

The major global players in the physiotherapy equipment market include EMS Physio, BTL Industries, DJO Global Inc., Dynatronics Corporation, Enraf-Nonius BV, Colfax Corp., Patterson Medical, Zynex Medical Inc., HMS Medical Systems, and Zimmer MedizinSysteme GmbH

Russia Ukraine Conflict Analysis

The Russia-Ukraine conflict is estimated to have a moderate impact on the global physiotherapy equipment market. The conflict between Russia and Ukraine can lead to changes in regional dynamics, including shifts in trade patterns and market preferences. Manufacturers and suppliers may need to reevaluate their market strategies and adapt to the changing geopolitical landscape, which can impact the global physiotherapy equipment market dynamics.

Key Developments

• On June 01, 2023, Srika Solutions, a Limited Liability Partnership firm is thrilled to announce the launch of a new content marketing service specifically designed to benefit physiotherapy practices. This revolutionary service through Srikalower patient demand for physiotherapy services requiring presence and attract new patients more effectively. Recognizing the unique challenges and opportunities within the physiotherapy industry, Srika Solutions has developed this service to cater to the specific needs of these professionals. 

By harnessing the power of the top unique hyper-targeted keywords related to the industry, the service aims to maximize online visibility and patient engagement for physiotherapy practices.

• On May 26, 2023, AURELIUS Growth Investments acquired a stake in Physiotherapy Christian Frei GmbH, a leading regional full-service provider in therapeutic applications. Physio Frei's range of services covers the entire spectrum of therapeutic treatment methods, from physiotherapy and occupational therapy to logotherapy. 

Why Purchase the Report?

• To visualize the Global Physiotherapy Equipment Market segmentation based on product, application, end-user, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous physiotherapy equipment market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Physiotherapy Equipment Market Report Would Provide Approximately 53 Tables, 54 Figures And 195 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies