Report Description of the New Zealand 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 New Zealand Physiotherapy Device market
- To classify and forecast New Zealand Physiotherapy Market market based on application, Device, project type, and application.
- To identify drivers and challenges for New Zealand Physiotherapy market
- To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in New Zealand Physiotherapy market
- To conduct pricing analysis for New Zealand Physiotherapy Device market
- To identify and analyze the profile of leading players operating in New Zealand 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
New Zealand Physiotherapy Market Executive Summary
New Zealand’s health and welfare system is spending more than $5.5 billion every year due to a high number of people suffering from musculoskeletal disorders (MSDs) such as arthritis, according to a Fit for Work report, consequently leading the New Zealand the physiotherapy market.
Market Size and Key Findings
The New Zealand Physiotherapy market size is at around New Zealand USD xx billion in 2021 and is projected to reach New Zealand USD xx billion in 2028, exhibiting a CAGR of xx% during the forecast period.
More than 20 percent of New Zealanders are suffering from MSDs and account for over 25 percent of the total annual health care costs in the country. MSDs are also the second largest cause of Sickness and Invalid benefit payments and also affect the productivity of thousands of workers. Thus, the New Zealand physiotherapy market will grow during the forecast period.
Market Dynamics
Market Growth Drivers Analysis
Rising geriatric population, growing incidences of musculoskeletal, cardiovascular, and neurological disorders, and increase in demand for rehabilitation after surgeries, chemotherapy, and radiation are the prime growth drivers of the New Zealand physiotherapy services market.
Market Restraints
Lack of trained and skilled personnel and inadequate reimbursement policies are the key restraints for the New Zealand physiotherapy services market.
COVID-19 impact on “New Zealand Physiotherapy Market”
The COVID-19 pandemic has caused major destruction in the delivery of the healthcare routine across the world. Furthermore, COVID-19 has posed limitations for many patients to access standard health services, such as visits to healthcare professionals, medications, diagnosis, and attendance at cardiac rehabilitation. It has adversely impacted the ability of patients and practitioners to adhere to treatment guidelines. Moreover, the number of surgeries has come down during the lockdown, decreasing the post-surgery rehab physiotherapy, which has impacted the market growth.
Competitive Landscape
Key Players
The key players of the global physiotherapy equipment market are,BTL Industries, Inc., Algeo Limited, DJO Global, Inc., Isokinetics, Inc., HMS Medical System, EMS Physio Ltd., and Dynatronics Corporation, Inc.
Notable Recent Deals
BTL Industries, one of the world’s major manufacturers of medical equipment in the segments of physical therapy, cardiology and medical aesthetics, has announced that it has successfully completed its first transaction in the field of robotic rehabilitation devices. Founders and team of schepp medtech, the Austrian medical device development company, has joined BTL together with their state of the art PerPedes gait training robot to enhance the BTL´s already very complex physiotherapy product portfolio.
Healthcare Policies and Regulatory Landscape
Policy changes and Reimbursement scenario of New Zealand Physiotherapy Services
Under the New Zealand public hospital policy, services provided by outpatient or in-patient publicly funded hospital-based Physiotherapy services may only be provided if a doctor’s medical/surgical referral has been made. Waiting lists based on individual client need and not ability to pay, make access to these publicly funded services a second line option for those with either private insurance or the ability to self-fund Physiotherapy care through private community-based Physiotherapy clinics.
