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
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.
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.
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.
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