Canada Physiotherapy Market Analysis Report 2022 to 2030

Canada Physiotherapy Market Analysis

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Canada's physiotherapy market size was valued at $4.25 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022 to 2030 and will reach $6.70 Bn in 2030. The Canada physiotherapy market is expected to grow due to an increase in the number of people suffering from chronic conditions including diabetes and obesity as well as an aging population. The market is segmented by Product Type, Application Type, and End User. The major players in the Canada physiotherapy market are BTL Industries, Performance Health, ITO Co., Ltd., Enraf-Nonius B.V., and others.

ID: IN10CAHS016 CATEGORY: Healthcare Services GEOGRAPHY: Canada

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Canada Physiotherapy Market Executive Summary

The Canada physiotherapy market was valued at $4.25 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022 to 2030 and will reach $6.70 Bn in 2030. Total health spending in Canada is anticipated to reach $331 billion by 2022, or $8,563 per person. This follows a rise in spending, particularly in 2020, brought on by the COVID-19 pandemic. The federal, provincial, and territorial governments invested $770 per person in COVID-19 prevention in 2020. The amount allocated for pandemic response is expected to decrease to $376 per person in 2022. The overall amount spent on healthcare is expected to rise by 0.8% in 2022 after seeing substantial growth of 13.2% in 2020 and 7.6% in 2021. Before the pandemic, from 2015 to 2019, the average annual increase rate for health spending was 4%. It is anticipated that overall health spending in Canada would make up 12.2% of GDP, down from a 2017 peak of 13.8%.

The healthcare services industry is composed of businesses, single proprietorships, and partnerships that provide human healthcare services and sell healthcare services and associated products. Businesses in this industry provide physiotherapy services, nursing care, residential substance abuse, and mental health facilities, dental treatment, and medical and diagnostic laboratory services, among other healthcare services.

Physiotherapy services are offered to patients suffering from mobility disorders. Usually performed by physiotherapists, physiotherapy involves an interaction between a patient and a physiotherapist in a bid to diagnose a patient's movement. Physiotherapy services have proven beneficial in the treatment of different medical conditions such as musculoskeletal dysfunction conditions, cardiopulmonary conditions such as COPD and cystic fibrosis, and neurological disorders such as Parkinson's disease and stroke. The market size of the Physical Therapists industry in Canada increased faster than the Healthcare and Social Assistance In Canada sector overall.

Canada Physiotherapy Market Analysis

Market Dynamics

Market Growth Drivers Analysis

According to projections, by 2036, 25% of Canadians will be over the age of 65, and the number of people residing in special care facilities like long-term care (LTC) will more than double which will have a positive impact on the physiotherapy market. It’s estimated about 72% of new residents admitted to LTC have unique needs. For patients who experience or are at risk of having a short- or long-term disability as a result of their injuries or illnesses, rehabilitation therapy is a crucial component of their care. Both patients and caregivers have benefited greatly from the integration of rehabilitative treatment into the healthcare continuum. As a result, many healthcare facilities are integrating rehabilitation care as an essential part of their care continuum. This has resulted in an increasing demand for rehabilitation equipment and, indirectly, physiotherapy equipment as well.

Market Restraints

Changes in healthcare insurance coverage and rules significantly impact individuals' out-of-pocket expenses. This could result in differences in services and affect the standard of care. Patients frequently have to pay out of cash due to differences in coverage between and between federal and private payers. Before co-insurance kicks in, patients can be responsible for a co-pay, co-insurance, facility fees, and reaching a large deductible. Co-pays for some physiotherapy procedures can be very expensive. The accompanying expenditures may restrict patients' access to treatments, preventing them from receiving therapy in some cases. On the other hand, some patients might be unable to return to work or carry out their daily activities. Additionally, patients are subjected to arbitrary annual visit caps that do not correspond to the initial diagnosis or severity criteria.

Competitive Landscape

Key Players

The prominent players operating in this market include

BTL Industries
Performance Health
ITO Co., Ltd.
Enraf-Nonius B.V.
Dynatronics Corporation
Mectronic
EMS Physio Ltd.
Whitehall Manufacturing
Zimmer MedizinSysteme GmbH
Zynex Inc
Richmar
Storz Medical AG

Healthcare Policies and Regulatory landscape

Core Standards of Practice, developed by a pan-Canadian committee, served as a resource for the development of Standards of Practice that reflect the context, jurisdictional needs, and legislation relevant to physical therapy regulatory organizations across Canada

Reimmursement senarrio

The Ontario government funds physiotherapy care in certain situations in your home or at designated Community Physiotherapy Clinics. For patients who are 65 or older and require in-home physiotherapy (at home or in a retirement home), Community Physiotherapy Clinic programs cover physiotherapy for seniors, youth, and some other patients at government-funded physiotherapy clinics to help patients recover from illness, surgery, or injury.

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

Canada 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.