Europe Physiotherapy Market Analysis Report 2022 to 2030

Europe Physiotherapy Market Analysis

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Europe's physiotherapy market size was valued at $10.1 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 4.59% from 2022-30 and will reach $14.49 Bn in 2030. The European physiotherapy market is expected to grow due to several factors, a growing focus on preventative care, an aging population, and an increase in chronic diseases. The market is segmented by Product Type, Application Type, and End User. The major players in the Europe physiotherapy market are Storz Medical AG, Zimmer MedizinSysteme GmbH, BTL, EMS Physio Ltd., and Whitehall Manufacturing.

ID: IN10EUHS016 CATEGORY: Healthcare Services GEOGRAPHY: Europe AUTHOR: Chandani Patel

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Europe Physiotherapy Market Executive Summary

Europe's physiotherapy market size was valued at $10.1 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 4.59% from 2022-30 and will reach $14.49 Bn in 2030. The aging of the population, the rising prevalence of chronic diseases, and the rising demand for high-quality healthcare services have all contributed to an increase in the EUROPE region's healthcare spending in recent years. Healthcare spending as a share of GDP varies greatly in different Europe nations, according to data from the World Health Organization (WHO). Healthcare spending as a %age of GDP is quite high in certain nations, Uk, Germany, France, Italy, and Spain.

One of the most popular pieces of physiotherapy equipment used in treatment clinics and hospitals is treadmills. Other frequent items include exercise cycles, pedal exercisers, and elliptical trainers. Its appearance is rather reminiscent of stationary cycles. The upper torso, shoulders, and arms are primarily strengthened and treated with these tools. Leg strength is stationary cycling's key benefit. The balancing ball chair, which is essential for patients using balance balls for training, is one of the most beneficial pieces of physical therapy equipment. Exercises assist in maintaining good alignment of the spine and body. When practicing with a balance ball, this ergonomic chair helps to reduce muscular aches. The portable trampoline is an essential piece of physiotherapy equipment for patients during therapy sessions.

In European countries, the aging population is rising, and it is projected that this trend will continue. In 2019, 14.6% of people were under 20 years old, 64.9% were between the ages of 20 and 64, and 21.5% were 65 or older. According to the German Federal Statistical Office, 28.4% of the population will be at least 65 years old by 2060, while the proportion of people who are working age is expected to drop by 7.7 % age points to 57.2 %. The old-age dependency ratio is projected to grow continuously until it jumps from 2019 to 50% in 2060, an increase of 17%.

europe physiotherapy market analysis

Market Dynamics

Market Growth Drivers

The market for physiotherapy equipment in the European region is being driven by the region's ageing population. Age-related changes in the body include loss of muscle mass, decreased bone density, stiffer joints, and imbalances within the body. To improve the lives of elderly people in the UK, numerous healthcare interventions have been implemented. To regain the physical function needed for daily living, exercise is therefore largely advised for older individuals under the supervision of a physiotherapist. This therapy benefits senior citizens in a variety of ways, including lowering their risk of heart disease, boosting their mood and self-esteem, lowering their risk of falling, and other things. The aforementioned variables lead to a demand for physiotherapy equipment among the elderly population and are predicted to fuel market expansion in the European region.

The market for physiotherapy equipment in the European region is anticipated to expand due to the rising prevalence of joint problems and sports injuries. Sports participation can result in wounds, fractures, aches, and strains. Sports-related injuries cause a great deal of pain and agony and prevent participants from taking part in subsequent competitions. These people seek prompt pain relief as well as reassurance that the injury won't have an impact on their performance in the future. As a result, more specialist rehabilitation facilities for athletes are opening up, leading to regional market expansion. These people prefer physiotherapy to treat these ailments.

The number of persons with CVDs is increasing year over year in the European region, which is boosting the market's expansion. Most people prefer to have physiotherapy because it can help the blood flow quickly to the heart, which can help open up the vessels and strengthen the strength of the muscles in the heart, despite the rising mortality rate among those with CVDs. Additionally, the expansion of the European market is favored by the rising number of technological advances in physiotherapy equipment. Therefore, market players are concentrating more on creating cutting-edge physiotherapy equipment to raise the devices' efficiency while also increasing their effectiveness for patient safety. The development of mobile application apps and the environment for computer-assisted rehabilitation will also fuel regional market expansion during the projection period.

Market Restraints

Europe's physiotherapy market expansion for alternative medicines is constrained in Europe. Acupressure therapy is a great alternative to physical therapy. The popularity of acupressure therapy clinics and people's preference for the therapy, however, is causing a decline in the demand for physiotherapy equipment. The regional market is also unable to grow due to a lack of skilled personnel running the physiotherapy equipment. Other problems, such as poor payment systems and a lack of awareness of the advantages of physiotherapy in different parts of Europe, are also impeding the growth rate of the European physiotherapy equipment industry.

Competitive Landscape

Key Players

Storz Medical AG
Zimmer MedizinSysteme
BTL
EMS Physio Ltd.
ITO Co., Ltd.
Dynatronics Corporation
RICHMAR
Performance Health
Enraf-Nonius B.V.
Whitehall Manufacturing

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of the Europe Physiotherapy Market

The Medical Devices Directive (93/42/EEC), a European Union (EU) directive, governs physiotherapy equipment in Europe. For medical devices to be sold in the EU, they must adhere to the directive's key standards. Equipment used in physiotherapy is categorized as a class I medical device, which implies it is exempt from the strictest regulatory restrictions. The safety and performance standards of the regulation must still be met by makers of physiotherapy equipment, and compliance must be documented. Additionally, producers must abide by any national laws on physiotherapy equipment that may exist in some EU nations.

The reimbursement of physiotherapy services in Europe varies by country. In some countries, such as the UK, physiotherapy is available through the National Health Service (NHS) and is provided free of charge to patients. In other countries, physiotherapy services may be covered by national health insurance, but patients may have to pay a portion of the cost out of pocket. In some countries, private health insurance may also cover physiotherapy services.

In the EU, the reimbursement of physiotherapy services is generally the responsibility of the member state. Each country has its own system of reimbursement, which can vary significantly. In some EU countries, physiotherapy services are covered by national health insurance, while in others, patients may have to pay for physiotherapy services out of pocket.

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.