Romania Physiotherapy Market Analysis

Romania Physiotherapy Market Analysis


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Romania's physiotherapy market size was valued at $154 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022-30 and will reach $243 Mn in 2030. Romania's physiotherapy market is expected to grow due to physiotherapy recommendations by doctors, an aging population, and a growing awareness of physiotherapy. The market is segmented by Product Type, Application Type, and End User. The major players in the Romania physiotherapy market are Fiziodisp, Medisprof, Bio-Medical Systems, Medica SRL, Biofizion, and others.

ID: IN10ROHS016 CATEGORY: Healthcare Services GEOGRAPHY: Romania AUTHOR: Chandani Patel

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Romania Physiotherapy Market Executive Summary

Romania's physiotherapy market size was valued at $154 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022-30 and will reach $243 Mn in 2030. According to the World Bank, Romania's GDP per capita in 2020 was around $10,300. This is lower compared to many other European countries and it reflects the overall economic situation of the country.

In terms of healthcare expenditure, Romania spends around 5.5% of its GDP on healthcare, which is relatively low compared to other countries. The healthcare system in Romania is based on a mix of public and private financing, and it is facing many challenges such as a shortage of funding, inadequate infrastructure, and a shortage of healthcare professionals.

In Romania, physiotherapy services comprise a variety of therapies such as manual therapy, exercise therapy, electrotherapy, ultrasound therapy, and other methods to assist patients in recovering from accidents, operations, or illnesses that impair mobility and function.

The report also points out that the industry is home to a large number of small and medium-sized enterprises, which adds to the market's significant fragmentation. Physical therapy is typically offered in Romanian hospitals, rehab centers, nursing homes, and private offices.

romania physiotherapy market analysis

Market Dynamics

Market Growth Drivers

Romania the aging population and the rising prevalence of chronic diseases including obesity, diabetes, and cardiovascular disease conditions that call for physiotherapy services—are two factors that are fueling the expansion of the physiotherapy market. In addition, the market is expanding as a result of rising public awareness of the advantages of physiotherapy and government initiatives to expand access to healthcare services.

Moreover, physiotherapy has begun to be recommended to patients by doctors since it has extra advantages. Physical treatment equipment is now in more demand as a result of this.

Market Restraints

Although physiotherapy is covered by Romania's national healthcare system and patients are often compensated for a portion of the costs of treatment, the reimbursement rates for these treatments are rather low, which may limit certain patients' access to these therapies. Despite the fact that physiotherapy services are offered in Romania, access may occasionally be restricted, especially in remote or underserved areas, which will negatively affect the country's physiotherapy sector.

Competitive Landscape

Key Players

  • Fiziodisp (ROU)
  • Medisprof (ROU)
  • Bio Medical Systems (ROU)
  • Medica SRL (ROU)
  • Biofizion (ROU)
  • BTL Industries
  • EMS Physio Ltd.
  • DJO Global
  • Dynatronics Corporation
  • Medline Industries
  • Performance Health

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of the Romania Physiotherapy Market

In Romania, physiotherapy devices are regulated by the National Medicines Agency (NMA), which is responsible for evaluating and approving medical devices, including physiotherapy devices, for use in the country. In order to be sold or used in Romania, a physiotherapy device must be approved by the NMA and bear the CE mark, which indicates that the device meets EU safety, health, and environmental protection requirements. Additionally, physiotherapy devices must be used by a qualified physiotherapist, who must follow the manufacturer's instructions and guidelines for use of the device.

The NMA oversees the post-market surveillance, vigilance, and risk management of medical devices. The Medical Device Regulation (MDR) applies in the EU from May 2020 and replaces the Medical Device Directive (MDD) and the Active Implantable Medical Device Directive (AIMDD). The MDR strengthens the requirements for the safety and performance of medical devices and it requires more stringent clinical evaluations of devices, which include physiotherapy devices.

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: 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). Due to the increasing use of electrotherapy equipment in the treatment of musculoskeletal disorders and 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”.

 

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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.

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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

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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: 17 January 2024
Updated by: Shivam Zalke

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