Australia Physiotherapy Service Market Analysis

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  • Type: Service area
  • Published : April 2021
  • Region: APAC
  • Country: Australia
  • Report ID : 4064

  • Format: PPT, PDF

Australian Physiotherapy Service Market: Segmented by Treatment (Product Segment, Manual Therapy, Specialized Treatment, Joint Mobilization Technique, and Suspension Therapy), & by Condition (Orthopaedic, Neurological, Women’s Health, Sports-Related Injury, & Others)– Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The Australian Physiotherapy Service market size stood at USD 2.46 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Expanding geriatric population in Australia, higher prevalence and incidences of orthopedic disorders, growing women’s healthcare concern, and rise in the awareness among people regarding the advantages of physiotherapy are the prime growth drivers of the Australian physiotherapy services market. However, higher cost and maintenance of physiotherapy equipment, shortage of skilled physiotherapists, and increasing popularity of other services such as acupuncture are the key restraints for the Australian physiotherapy services market.

Market Growth Drivers

In Australia, Private health insurance members use physiotherapy services more often than other consumers because some extras cover include physiotherapy treatment costs. Thus, an increase in private health insurance membership numbers can provide an opportunity for industry growth. Physiotherapy remains one of the ancillary health benefits covered by private health insurance as of 1 April 2019, following the recently announced overhaul of Australia’s private health insurance system. Australia’s population will continue to age, further assisting industry revenue growth. Physiotherapists are expected to increasingly move into specializations, including geriatric services and sports therapy. Specializing in certain fields will allow practitioners to differentiate themselves from the rest of the price-competitive industry, enabling them to charge higher prices and contribute to revenue growth.

1. Australian Physiotherapy Service Market Overview…….………….……………….
A. Market Size
2. Market Growth Drivers……………………………………………………………………….
A. Rising Geriatric Population
B. Private health insurance- Physiotherapy Services
C. Increasing Inclination for Active Lifestyle
3. Australian Physiotherapy Service Market Equipment.………..…….…………………
A. Electrotherapy Equipment
B. Ultrasound Equipment
C. Exercise Therapy Equipment
D. Shockwave Therapy Equipment
E. Laser Therapy Equipment
F. Other Physiotherapy Equipment’s
4. Physiotherapy Services Market Segmentation………………….…………………………
A. Treatment
I. Product Segment
II. Manual Therapy
III. Specialized Treatment
IV. Joint Mobilization Technique
V. Suspension Therapy
B. Conditions
I. Orthopaedic
II. Geriatric
III. Cardiovascular
IV. Neurological
V. Women’s Health
VI. Sports-Related Injury
VII. Others
5. Physiotherapy Service Major Drugs Major Products………….…………….………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………….……………………………………….
A. Major Players
B. Competitive Situations and Trends
7. Key Company Profiles…………………………………………………….…………………
A. Back in Motion Group overview, Product & Services, Strategies & Financials
B. The Physio Co overview, Product & Services, Strategies & Financials
C. Zenitas Healthcare Limited overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………….…….……….…
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………………………
A. New Trends and Development of Physiotherapy Service Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Treatment:

Based on the treatment the Australian physiotherapy service market is segmented into the following Exercise, Manual Therapy, Specialized Treatments, Joint Mobilization Techniques, Suspension Therapy, Relaxation Techniques, and Posture Correction Methods. Suspension therapy is a special technique of therapeutic exercise in which a part or all the body is suspended in the air by ropes and slings attached to a fixed point above. That is given to patients to increase ROM, increase muscle power, and support body parts by using ropes and slings.

By Conditions:

Following conditions can be improved by Physiotherapy:

  • Cardiopulmonary conditions, such as chronic obstructive pulmonary disease (COPD), cystic fibrosis (CF), and post-myocardial infarction (MI)
  • Hand therapy for conditions such as carpal tunnel syndrome and trigger finger
  • Musculoskeletal dysfunction such as back pain, rotator cuff tears, and temporomandibular joint disorders (TMJ)
  • Neurological conditions such as stroke, spinal cord injuries, Parkinson’s disease, multiple sclerosis, vestibular dysfunction, and traumatic brain injuries
  • Pediatric conditions such as developmental delays, cerebral palsy, and muscular dystrophy
  • Sports-related injuries, such as concussion and tennis elbow
  • Women’s health and pelvic floor dysfunction, such as urinary incontinence and lymphedema
  • Other cases that may benefit include burns, wound care, and diabetic ulcers.

Major Players

This industry has no major players with a market share of greater than 5%. The biggest companies in the Physiotherapy Services industry in Australia are Back in Motion Health Group, The Physio Co, Zenitas Healthcare Limited, and others. In 2018 “Australia’s Healthia Ltd. acquired a physiotherapy clinic in Brisbane for A$450,000” the following news states the potential competitive growth environment in the Australian Physiotherapy market.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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