Germany Physiotherapy Market Analysis

Germany Physiotherapy Market Analysis


$ 3999

Insights10 report on Germany physiotherapy market analysis projects the growth of the physiotherapy market by $1.94 Bn in 2022 with a CAGR of 4.05% and is expected to reach $2.67 Bn in 2030. As physiotherapy concentrates more on rehabilitative and preventive treatments, the prevalence of cardiovascular and neurological disorders in geriatric populations are the main market drivers in the Germany physiotherapy market. The physiotherapy market is segmented by equipment, applications, and by end-users in Germany. Some leading companies in the physiotherapy market are BTL Industries, Performance Health, ITO Co. Ltd., and Enraf-Nonius B.V.

ID: IN10DEHS016 CATEGORY: Healthcare Services GEOGRAPHY: Germany

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Germany Physiotherapy Market Executive Analysis

The Germany physiotherapy market size is at around $1.94 Bn in 2022 and is projected to reach $2.67 Bn in 2030, exhibiting a CAGR of 4.05% during the forecast period. Germany spent 12.8% of its GDP on healthcare in 2021. In 2020, Germany's current health expenditure was covered through transfers and subsidies from the government. According to the Federal Statistical Office (Destatis), this represents a rise of $17.4 Bn, or 31.5%, from the previous year. As a result, 15.7% of the $4,609 Bn in current health expenditure was made up of government transfers and subsidies, an increase of 3.0% points from the previous year. The annual federal allocation to the umbrella health fund and the subsidies from public employers, among other transfers and subsidies, increased due to direct public subsidies for the COVID-19 pandemic response.

Physiotherapists concentrate on both rehabilitation and prevention. Treatment is available for issues brought on by illness, injury, or handicap. By considering the patient's lifestyle and involving them in their own care, the field employs a comprehensive approach to treatment. In Germany, 23.4% of people underwent physiotherapy within a year, with a larger % of women (26.8%) than men (19.9%) and a rise with age. Beyond medical need, greater education, migrant history, quitting smoking (predisposing), social support, higher income, and private health insurance were all associated with increased use of physiotherapy.

Germany Physiotherapy Market Analysis

Market Dynamics

Market Growth Drivers

The rising prevalence of cardiovascular and neurological conditions among Germany's senior population is driving this region's expansion. The patient base in Germany is also increasing, which is driving the rise of physiotherapy services and enhancing the outlook for these services. The growing number of healthcare professionals in Germany is one of the primary drivers of the physiotherapy industry's growth. Hospitals and other healthcare institutions use physiotherapy equipment and services when a patient is recovering from a medical condition. In order to meet the growing demand, healthcare providers in Germany are expanding their capacity in terms of services, goods, and machinery.

Market Restraints

Physiotherapy in Germany necessitates multiple visits. Patients may find this to be quite disturbing given the rising cost of physical treatment in Germany. The cost of having a therapist visit a patient at home when they need services is considerably higher. The out-of-pocket expenses of consumers are significantly impacted by changes in healthcare insurance coverage and legislation. Patients are frequently required to pay out of pocket due to coverage differences between government and private payers. It is anticipated that the development of preventive practices like yoga and preventive medicine will impede the growth of these services. Also, some surgeries aim to completely replace the malfunctioning part, which will not require the need for physiotherapy service.

Competitive Landscape

Key Players

  • Antje Noack (DEU)
  • Exact Health (DEU)
  • Pro Health Institut (DEU)
  • Physio Plus Tech (DEU)
  • BTL Industries
  • Performance Health
  • ITO Co.
  • Enraf-Nonius B.V.

Healthcare Policies and Regulatory Landscape

The regulatory body for Germany is The Federal Institute for Drugs and Medical Devices (BfArM). The Federal Joint Committee (G-BA) is the highest decision-making authority in the self-governing healthcare system when it comes to issues involving statutory health insurance. Despite their financial situation, everyone who is covered by a public health insurer receives the same level of medical care. According to the German Social Code Book (SGB V), Gesetzliche Krankenversicherung Spitzenverband (GKV-SV) plays a key role in the federal German healthcare system. The reimbursement rates paid by the public health insurance funds as well as private health insurance are negotiated by GKV-SV and pharmaceutical companies collectively. Germans enjoy statutory health insurance to the tune of about 90% of the population.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Physiotherapy Market Segmentation

By Product: (Revenue, USD Billion):

Based on product, the physiotherapy equipment market is divided into two major segments, namely, equipment and accessories. The equipment segment accounted for the largest share of the physiotherapy equipment market in 2021. The equipment segment is further segmented into electrotherapy equipment, ultrasound equipment, exercise therapy equipment, heat therapy equipment, cryotherapy equipment, combination therapy equipment, continuous passive motion therapy equipment, shockwave therapy equipment, laser therapy equipment, magnetic pressure therapy equipment, traction therapy, and other physiotherapy equipment (hydrotherapy and vacuum therapy). Owing to the increasing use of electrotherapy equipment in the treatment of musculoskeletal disorders and owing to increasing concerns for patients’ safety and minimal/no side-effects during the physiotherapy treatments.

  • Equipment
  • Electrotherapy equipment
  • Ultrasound equipment
  • Exercise therapy equipment
  • Heat therapy equipment
  • Cryotherapy equipment
  • Combination therapy equipment
  • Continous passive motion therapy equipment
  • Shockwave therapy equipment
  • Laser therapy equipment
  • Magnetic pressure therapy equipment
  • Traction therapy
  • Other physiotherapy equipment
  • Accessories
  • Manual Therapy
  • Specialized treatment
  • Joint Mobilization Techniques
  • Suspension Therapy
     

By Application (Revenue, USD Billion):

Based on application, the physiotherapy equipment market is segmented into musculoskeletal applications, neurological applications, cardiovascular and pulmonary applications, pediatric applications, gynecological applications, and other applications (including sports and palliative care). The musculoskeletal applications segment holds a dominating share attributed to the increasing adoption of physiotherapies to accelerate recovery of accidental injuries, rising incidence of musculoskeletal disorders, and growth in the geriatric population.

By Applications

  • Musculoskeletal applications
  • Neurological applications
  • Cardiovascular and pulmonary applications
  • Pediatric applications
  • Gynecological applications
  • Other applications

By End-user (Revenue, USD Billion):

Based on end users, the physiotherapy equipment market is segmented into physiotherapy & rehabilitation centers, hospitals, home care settings, physician offices, and other end users (community health centers and elderly care facilities). In 2021, the physiotherapy & rehabilitation centers segment accounted for the largest share of the physiotherapy equipment market due to increasing demand for advanced physiotherapy equipment and their wide usage across the care continuum across these centers.

  • Physiotherapy & Rehabilitation centers
  • Hospitals
  • Home care settings
  • Physician offices
     

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

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of 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 developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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 about 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.

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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:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not 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. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the 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 Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. 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 company-level averages, etc.

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

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed 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 is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the 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 their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 07 June 2023
Updated by: Riya Doshi

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