China Physiotherapy Market Analysis Report [2022-30] I Insights10

China Physiotherapy Market Analysis

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The China physiotherapy market size was valued at $4.2 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.35% from 2022 to 2030 and will reach $7.5 Bn in 2030. China physiotherapy market is expected to grow due to several factors, including an aging population, an increase in chronic diseases, and a growing focus on preventative care. The market is segmented by Product Type, Application Type, and End User. The major players in the China physiotherapy market are Mindray Medical International, A. Menarini Diagnostics, Suzhou Acmed Import and Export Co., Shanghai Fosun Long March Medical Science Co, Beijing Choice Electronic Technology Co., Shenzhen Med-Link Electronics Tech Co., and others

ID: IN10CNHS016 CATEGORY: Healthcare Services GEOGRAPHY: China

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China Physiotherapy MarketExecutive Summary

The China physiotherapy market size was valued at $4.2 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 7.35% from 2022 to 2030 and will reach $7.5 Bn in 2030. China's healthcare expenditure as a percentage of its GDP has been steadily increasing in recent years. According to data from the World Bank, China's healthcare expenditure as a percentage of its GDP was 4.3% in 2009 and increased to 5.5% in 2019. This is still lower than the average expenditure of other developed countries.

The total healthcare expenditure in China was around RMB 2.5 trillion in 2020, which is around $370 Bn. The expenditure is mainly financed by a combination of public and private sources, with the government playing a significant role in financing healthcare through programs such as the New Rural Cooperative Medical Scheme, which provides health coverage to rural residents, and the urbanemployee-based basic medical insurance scheme.

China Physiotherapy Market Analysis

Market Dynamics

Market Growth Drivers

254 Mn people in China aged 60 years or older; which is leading to an increase in the number of people with chronic conditions such as arthritis, osteoporosis, and other age-related conditions that require physiotherapy. Additionally, there is a growing number of people with chronic conditions such as obesity, diabetes, and heart disease, which also require physiotherapy to manage symptoms and improve overall health.

Physiotherapy is also used to prevent and manage injuries, particularly in athletes and active individuals. With an increase in participation in sports and physical activity, there is a growing need for physiotherapy services to help prevent and manage injuries. Moreover, Physiotherapy is also used in the rehabilitation of patients who have undergone surgeries and other medical procedures. With an increase in the number of surgeries and medical procedures being performed, there is a growing need for physiotherapy services to help patients recover and return to their normal activities. an aging population

Market Restraints

Despite the growth in the physiotherapy market in China, there are several factors that may act as restraints on the market's growth. Some of the major restraints on the Chinese physiotherapy market include; rural areas that may have limited access to physiotherapy services due to a shortage of providers in these areas. Moreover, The cost of physiotherapy services and equipment can be high, which can be a barrier for some patients.

Competitive Landscape

Key Players

Mindray Medical International (CHN)
A. Menarini Diagnostics (CHN)
Suzhou Acmed Import and Export (CHN)
Shanghai Fosun Long March Medical Science (CHN)
Beijing Choice Electronic Technology (CHN)
Shenzhen Med-Link Electronics Tech (CHN)
BTL Industries
Kinetec
Thera-Band
Mettler Electronics
Chattanooga Group
EMS Physio Ltd.
DJO Global, Inc.
Dynatronics Corporation, Inc.
Medline Industries
Performance Health
Halyard Health
Patterson Medical

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of China Physiotherapy Market

In China, the regulation of physiotherapy services and equipment is primarily handled by the National Health Commission (NHC) and the State Administration of Traditional Chinese Medicine (SATCM).The NHC is responsible for ensuring the safety and effectiveness of medical devices, including physiotherapy equipment. Medical devices are classified into different classes based on the level of risk they pose to patients, and the regulations for each class vary. For example, Class I devices, which pose the lowest risk, are subject to the least amount of regulation, while Class III devices, which pose the highest risk, are subject to the most stringent regulations.

The SATCM is responsible for regulating traditional Chinese medicine (TCM), which includes physiotherapy services. The SATCM oversees the registration, supervision, and management of TCM institutions and personnel, including physiotherapists. The SATCM also has the authority to approve the use of certain TCM treatments and therapies, including physiotherapy.Additionally, many provinces and municipalities in China have their own regulations and laws related to the practice of physiotherapy, which may also affect the regulation of physiotherapy services and equipment.

The reimbursement for physiotherapy services in China can vary depending on the payer and the specific treatment being provided.

National Basic Medical Insurance (NBMIS): NBMIS is the main public healthcare insurance system in China, which covers around 95% of the population. It covers a wide range of medical services, including physiotherapy services. The reimbursement rate for physiotherapy services under NBMIS varies by region, but it's generally low.

Urban Employee-based Basic Medical Insurance (UEBMI): UEBMI is a government-subsidized insurance program that provides health coverage to urban employees and their dependents. It also covers physiotherapy services, and reimbursement rates vary by region.

Urban Resident Basic Medical Insurance (URBMI): URBMI is a government-subsidized insurance program that provides health coverage to urban residents. It also covers physiotherapy services, and reimbursement rates vary by region.

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.