Brazil Physiotherapy Market Analysis Report 2022 to 2030

Brazil Physiotherapy Market Analysis

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Brazil's physiotherapy market size was valued at $1.33 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 6.85% from 2022 to 2030 and will reach $2.26 Bn in 2030. Brazil's physiotherapy market is expected to grow due to, the increasing geriatric population, and increasing chronic disease prevalence. The market is segmented by Product Type, Application Type and End User. The major players in the Brazilian physiotherapy market are BTL Industries, DJO Global, Inc., EMS Physio Ltd., and others.

ID: IN10BRHS016 CATEGORY: Healthcare Services GEOGRAPHY: Brazil

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Brazil Physiotherapy Market Executive Summary

Brazil's physiotherapy market size was valued at $1.33 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 6.85% from 2022 to 2030 and will reach $2.26 Bn in 2030. Brazil has a publicly-funded healthcare system, which is financed through a combination of government funding and social security contributions. The healthcare system in Brazil is considered to be one of the best in Europe, and the country spends a significant amount of money on healthcare each year. According to data from the World Health Organization (WHO), Brazil's healthcare expenditure as a percentage of GDP was around 8.8% in 2018. This puts Brazil slightly above the European Union average of 8.5%. Additionally, Brazil's total healthcare expenditure per capita was $3,973 in 2018, which is higher than the average for the European Union.

In Brazil, there is a growing awareness of the benefits of physiotherapy among the Brazilian population, which is driving an increase in the utilization of these services. Physiotherapy services can be provided in a variety of settings, including hospitals, clinics, and private practices. Many physiotherapists also offer home-based services to patients who are unable to visit a clinic.

Brazil Physiotherapy Market Analysis

Market Dynamics

Market Growth Drivers

The aging population in Brazil is a growing demographic trend. The proportion of older adults (aged 60 and over) in the population is increasing, and is projected to continue to do so in the coming decades. According to data from the World Bank, in 2020, the population aged 60 and over in Brazil was around 25.3 Mn, representing 12.3% of the total population. This is expected to grow to around 50 Mn, or 20% of the population, by 2050. An aging population brings with it a number of challenges, including increased demand for rehabilitation services, particularly for chronic conditions such as arthritis and back pain, and a strain on the pension system. Hence the demand for physiotherapy in Brazil has increased.

Additionally, diabetes, cancer, and cardiovascular illnesses are the most prevalent chronic diseases in Brazil. Musculoskeletal diseases, like back and joint discomfort, are frequently present along with these conditions and can be successfully addressed with physiotherapy. Brazil also has a high prevalence of chronic respiratory illnesses like asthma and chronic obstructive pulmonary disease (COPD), and physiotherapy can assist to improve lung function and lessen symptoms. In Brazil, osteoarthritis and rheumatoid arthritis are also prevalent chronic illnesses, and physiotherapy is crucial in controlling the pain and stiffness as well as enhancing the general functionality of the affected joints. In Brazil, smoking, a poor diet, and physical inactivity are all substantial risk factors for chronic illnesses. Hence, the market for physiotherapy in Brazil will therefore expand during the forecast period.

Market Restraints

In Brazil, the access to physiotherapy services is limited in certain regions of the country due to a lack of healthcare infrastructure and financial constraints. Additionally, there may be regulatory and reimbursement challenges for physiotherapy services in Brazil. These factors may hamper the growth of the physiotherapy market in the country.

Competitive Landscape

Key Players

BTL Industries
DJO Global, Inc.
EMS Physio Ltd.
Kinetec
Thera-Band
Mettler Electronics
Chattanooga Group
Isokinetics, Inc.
Algeo Limited
Dynatronics Corporation, Inc.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Brazil Physiotherapy Market

In Brazil, physiotherapy is regulated by the Federal Council of Physical Therapy and Occupational Therapy (COFFITO), which is the national professional association of physiotherapists and occupational therapists. Physiotherapists in Brazil must be licensed and registered with COFFITO in order to practice legally.Additionally, The National Curricular Guidelines for Physiotherapy (DCNF) set out by the Ministry of Education (MEC) establishes the curriculum and educational standards for physiotherapy programs in Brazil.

In Brazil, physiotherapy is considered a regulated healthcare profession, and it is covered by the National Health System (SUS) and also by private health insurance plans.

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

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.