Meticulous Research®—a leading market research firm—has unveiled a comprehensive new report titled ‘Physiotherapy Equipment Market by Product (Electrotherapy, Ultrasound Therapy, Shockwave, Traction, Accessories), Application (Musculoskeletal, Neurology, Pediatric, Cardiovascular), End User (Hospital, Rehabilitation Centre)—Global Forecast to 2030’.
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According to this latest publication, the global physiotherapy equipment and accessories market is expected to reach $27.62 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. This growth is driven by factors such as an aging population, an increase in chronic diseases, sedentary lifestyles leading to back injuries, a rise in sports-related injuries, and continuous technological advancements. Emerging economies and the growing demand for home healthcare services also present significant growth opportunities. However, the market faces challenges including uncertain reimbursement frameworks and a shortage of skilled professionals.
Technological Innovations in Physiotherapy Equipment: The physiotherapy sector is evolving rapidly with modern technologies enhancing therapeutic practices. Notable advancements include wearable resistance technology, such as LILA’s Exogen product launched with House of Athlete (HOA) in January 2023, which uses compression-based weights to aid in early strengthening and balance during the Return-To-Sports (RTS) phase post-injury. Additionally, more affordable and compact electromyography biofeedback machines have significantly improved treatment for neurological conditions like amyotrophic lateral sclerosis and myasthenia gravis. These innovations are driving increased demand for physiotherapy equipment.
Market Segmentation and Insights: The physiotherapy equipment and accessories market is thoroughly segmented based on Product, Application, End User, and Geography:
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Product Segmentation: In 2023, the equipment segment is expected to dominate the market due to the extensive availability and effectiveness of physiotherapy equipment in facilitating patient physical activities. Electrotherapy equipment, for instance, is widely used in rehabilitation centers and hospitals for treating muscle pain and injuries, proving highly effective for chronic pain and musculoskeletal injuries.
• Application Segmentation: The musculoskeletal segment is projected to hold the largest market share in 2023, driven by the increasing prevalence of musculoskeletal disorders requiring physiotherapy for recovery.
• End User Segmentation: Hospitals and clinics are anticipated to be the largest end users of physiotherapy equipment and accessories in 2023, owing to the rising number of surgeries and the need for preoperative and postoperative physiotherapy.
• Geographic Analysis: This report provides an in-depth analysis across major regions:
o North America: Expected to lead the market in 2023, supported by a high incidence of lifestyle-related disorders and advanced physiotherapy technologies.
o Europe and Asia-Pacific: These regions follow North America, showing significant market shares due to similar health trends and technological adoption.
Key Market Players: The competitive landscape of the physiotherapy equipment & accessories market features key players such as Enraf-Nonius B.V., BTL, EMS Physio LTD., Dynatronics Corporation, and STORZ MEDICAL AG, among others, contributing to market growth through innovation and product excellence.
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