Hong Kong Physiotherapy Market Analysis


  • Type: Service area
  • Published : March 2022
  • Region: Hong Kong
  • Country: China
  • Report ID : 5120

  • Format: PPT, PDF

Hong Kong Physiotherapy Market: Segmented by Equipment Type, Application Type, and End User Type  – Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2028

SKU: 5120 Categories: ,

Report Description of the Hong Kong Physiotherapy Market

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of Hong Kong Physiotherapy Device market
  • To classify and forecast Hong Kong Physiotherapy Market market based on application, Device, project type, and application.
  • To identify drivers and challenges for Hong Kong Physiotherapy market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in Hong Kong Physiotherapy market
  • To conduct pricing analysis for Hong Kong Physiotherapy Device market
  • To identify and analyze the profile of leading players operating in Hong Kong Physiotherapy market

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Atopic Dermatitis drug market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Atopic Dermatitis market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

Hong Kong Physiotherapy Market Executive Summary

In Hong Kong Repetitive strain injury (RSI) is a common and serious occupational health problem. About 60% of all occupational injuries are caused by repetitive strain. The injury is characterised by discomfort or persistent pain in muscles, tendons, and other soft tissues. Repetitive strain injuries are caused by repetitive movement, sustained or constrained postures, and forceful movements as well as stress and unfavourable working conditions, consequently physiotherapy market will grow  in the future years.

Market Size and Key Findings

The Hong Kong Physiotherapy market size is at around Hong Kong USD xx billion in 2021 and is projected to reach Hong Kong USD xx billion in 2028, exhibiting a CAGR of xx% during the forecast period.

The University of Hong Kong carried out a study, showing that most (90%) frontline service workers (travel, retail, catering, outdoor, medical professionals, office executives, persons involved in manufacturing) reported feeling pain, paralysis,inflexibility, and stiffness in more than one area. Hence, Hong Kong physiotherapy market will grow during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

Growing geriatric population, growing numbers of cardiovascular and neurological incidences, increasing numbers of sport injuries cases are the major factors driving the Hong Kong physiotherapy market.

Market Restraints

High cost of physiotherapy equipment may hinder the market growth in the mentioned forecast period.

COVID-19 impact on “Hong Kong Physiotherapy Market” 

The effects of COVID-19 on the general population In Hong Kong has resulted in more people staying indoors and not engaging in routine physical activity, thus causing a significant increase in aggravated muscle pain and other numerous back/mobility issues among the public. In addition, the high number of white collar occupations in Hong Kong means many workers spend the majority of their day hunched over a desk, contributing to a rise in poor posture and back issues among the general population. Hence, physiotherapy market in demand in the country.

Competitive Landscape

Key Players

Key physiotherapy company in Hong Kong are Honry Electronics Co., Limited Samson Medical Supplies,  Health Castle Ltd., Euromed Technologies Company Limited., and  others

Notable Recent Deals

14 April 2021, Hong Kong – Union Medical Healthcare Limited (“Union Medical Healthcare” or the “Company”, which  together with its subsidiaries is referred to as the “Group”, SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong, is pleased to announce that the Group will acquire a total 51% equity interest of a physiotherapy centre (the “target company”) in order to further consolidate the pain management business in Hong Kong. The financial results of the target company will be consolidated into the consolidated financial statements of the Group.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Hong Kong Physiotherapy Services

Most health insurance plans in Hong Kong cover physiotherapy under in-patient and out-patient care. It is important to note that most plans require a doctor referral letter to be eligible for reimbursement; especially so for series of treatments. Insurance plans usually limit physiotherapy treatment reimbursements and such limits can be: a maximum number of sessions pay year; a maximum overall amount per year; and/or a maximum amount per session.

1. Report Description of the Hong Kong Physiotherapy Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Hong Kong Physiotherapy Market Executive Summary
2.1 Hong Kong Physiotherapy Market – Industry Snapshot & key buying criteria, 2021-2028
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Hong Kong Physiotherapy Market
3.1 Market Growth Drivers Analysis
3.1.1 Growing geriatric population
3.1.2 Growing numbers of cardiovascular and neurological incidences
3.1.3 Increasing numbers of sport injuries cases
3.2 Market Restraints Analysis
3.2.1 High cost of physiotherapy equipments
3.3 Covid-19 Market Impact Analysis
3.3.1 Negative impact on outcomes
4. Physiotherapy Market Segmentation
4.1 By Equipment Type Analysis:
4.1.1 Hydrotherapy
4.1.2 Electrotherapy
4.1.3 Continuous Passive Motion Units
4.1.4 Multi-exercise Therapy Unit
4.1.5 Heat Therapy
4.1.6 Ultrasound
4.1.7 Other Equipment Types
4.2 By Application Analysis:
4.2.1 Cardiovascular and Pulmonary
4.2.2 Neurological
4.2.3 Musculoskeletal
4.2.4 Other Applications
4.3 By End User Analysis:
4.3.1 Hospitals
4.3.2 Rehabilitation centers
4.3.3 Homes
5. Hong Kong Physiotherapy Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Hong Kong Physiotherapy Market
6.4 Notable recent deals in Hong Kong Physiotherapy Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers &Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Honry Electronics Co. Limited Company Overview
Product & Services, Strategies & Financials
7.2 Samson Medical Supplies Company Overview
Product & Services, Strategies & Financials
7.3 Health Castle Ltd. Company Overview
Product & Services, Strategies & Financials
7.4 Euromed Technologies Company Limited. Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of Hong Kong Physiotherapy Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development Hong Kong Physiotherapy Market
9.2 Future Opportunities
10. Strategic Recommendations

Physiotherapy Market Segmentation

By Equipment Type:.

Eectrotherapy equipment segment accounted for the largest share of the physiotherapy equipment market. The large share of this segment can be attributed to growing use of Neuromuscular electrical stimulation and therapeutic electrical stimulation in clinical settings for rehabilitation.

  • Hydrotherapy
  • Electrotherapy
  • Continuous Passive Motion Units
  • Multi-exercise Therapy Unit
  • Heat Therapy
  • Ultrasound
  • Other Equipment Types

By Application:

Based on application the market is segmented into cardiovascular and pulmonary, neurological, musculoskeletal, and other applications. The large share of the musculoskeletal applications segment is attributed to the rising incidence of musculoskeletal disorders, growth in the geriatric population, and the increasing number of accidents.

  • Cardiovascular and Pulmonary
  • Neurological
  • Musculoskeletal
  • Other Applications

By End User :

Based on End User Hong Kong physiotherapy market is segmented into hospitals, rehabilitation centers, and home care settings.

  • Hospitals
  • Rehabilitation Centers
  • Homes

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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