The Physiotherapy Equipment & Accessories Market is projected to reach $27.62 billion by 2030, at a CAGR of 5.5% from 2024 to 2030. Physiotherapy helps patients to regain their body movements that were previously affected due to disorders, injuries, or disabilities. Several types of physiotherapy equipment are used for specific treatments.
The growth of this market is driven by factors such as the rising geriatric population and the subsequent increase in chronic disease prevalence, the high number of people living sedentary lifestyles resulting in increased back injuries, the rising incidence of sports injuries, and technological advancements. Additionally, emerging economies and increasing demand for home healthcare services are creating opportunities for market growth. However, uncertainty in reimbursement frameworks and a shortage of skilled professionals hamper the growth of this market.
Increasing Geriatric Population and the Subsequent Increase in Chronic Disease Prevalence Drive the Demand for Physiotherapy
The geriatric population is growing rapidly worldwide. According to the United Nations, in 2021, nearly 761 million people globally were over the age of 65. This number is projected to reach over 1.6 billion by 2050. The geriatric population is prone to age-related problems, including joint pain, arthritis, or osteoporosis. According to data published by the Office of Disease Prevention and Health Promotion (OASH), in the U.S., about 1 in 10 people age 50 years and older have osteoporosis.
Furthermore, according to Canada.ca, about one out of four women and one out of eight men over the age of 50 in Canada have osteoporosis. Additionally, the risk of an osteoporosis diagnosis doubles every 5 years between the ages of 40 and 60 in Canada. Rheumatoid arthritis is a chronic disease of the elderly. According to Arthritis Society Canada, nearly 1 in 2 seniors over the age of 65 have arthritis.
According to an article published by The State of Musculoskeletal Health in 2021, in the U.K., 7.4 million people aged over 60 were living with musculoskeletal (MSK) conditions. It is a systemic inflammation that destroys the synovial membrane. The co-morbidities such as Alzheimer’s, diabetes, cancer, and cardiovascular diseases also impact health. In such conditions, physiotherapy improves the strength, function, and movement of body parts in the geriatric population. In case of disorders such as osteoporosis, arthritis, fractures, and joint replacement, physiotherapy can help to restore mobility and fitness by restoring the function of muscles, bones, joints, tendons, and ligaments. Physiotherapy can treat and prevent cardiopulmonary conditions such as heart attack, myocardial infarction, and pulmonary conditions by increasing endurance and functional independence. Furthermore, for neurological conditions such as Parkinson's disease, Alzheimer's disease, brain injury, or stroke, through physiotherapy, patients are taught to adapt to the impairments in vision, mobility, balance, and muscle loss to complete their daily activities. Hence, the need for physiotherapy for elderly patients drives the demand for physiotherapy products.
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Key Findings of the Physiotherapy Equipment & Accessories Market Study:
In 2024, the Equipment Segment is Expected to Dominate the Physiotherapy Equipment & Accessories Market
Based on product, in 2024, the equipment segment is expected to account for the largest share of the physiotherapy equipment & accessories market. There are various types of physiotherapy equipment available in the market, such as electrotherapy equipment, cryotherapy equipment, and shockwave equipment. The wide availability of various equipment to treat specific conditions drives the demand for equipment. The price and adoption of physiotherapy equipment are comparatively higher than the accessories, contributing to the large market share of the physiotherapy equipment segment.
In 2024, the Musculoskeletal Segment is Expected to Dominate the Physiotherapy Equipment & Accessories Market
Based on application, in 2024, the musculoskeletal segment is expected to account for the largest share of the physiotherapy equipment & accessories market. The large market share of this segment is attributed to the growing aging population and subsequent prevalence of musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, and sarcopenia.
In 2024, the Hospitals & Clinics Segment is Expected to Dominate Physiotherapy Equipment & Accessories Market
Based on end user, in 2024, the hospitals & clinics segment is expected to account for the largest share of the physiotherapy equipment & accessories market. The large market share of this segment is attributed to the increasing volume of patients in hospitals, the rising number of people undergoing surgeries that require post-surgical physical therapy, and the increasing prevalence of musculoskeletal and neurological disorders.
Asia-Pacific: Fastest-growing Regional Market
Based on geography, Asia-Pacific is slated to record the highest growth rate during the forecast period. The growth of this market is mainly driven by the growing geriatric population, rising healthcare expenditure, and increasing disposable incomes. Furthermore, the growing number of physiotherapy centers and the increasing number of people living sedentary lifestyles drive the growth of this regional market.
Key Players
The key players profiled in the physiotherapy equipment & accessories market study are 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.).
Scope of the Report:
Physiotherapy Equipment & Accessories Market, by Product
- Equipment
- Electrotherapy/Electric Stimulation
- Cryotherapy
- Ultrasound Therapy
- Heat Therapy
- Hydrotherapy
- Combination Therapy
- Shockwave Therapy
- Traction Therapy
- Continuous Passive Motion (CPM) Therapy
- Exercise Therapy
- Laser Therapy
- Other Equipment
(Other equipment includes vacuum therapy, longwave diathermy, shortwave diathermy, magnetic pressure therapy, and laser therapy)
- Accessories
- Furniture
- Other Accessories
(Other accessories include handpieces, trays, trolley carts, electrode sets, power cables, holders, adapters, silicon sleeves, gels, and creams.)
Physiotherapy Equipment & Accessories Market, by Application
- Musculoskeletal
- Neurology
- Pediatrics
- Cardiovascular & Pulmonary
- Other Applications
(Other applications include post-surgical conditions, gynecological, palliative care, vestibular, and lymphoedema)
Physiotherapy Equipment & Accessories Market, by End User
- Hospitals & Clinics
- Physiotherapy and Rehabilitation Centers
- Other End Users
(Other end users include home care, nursing homes, community health centers, and long-term care facilities)
Physiotherapy Equipment & Accessories Market, by Geography
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
Key questions answered in the report:
