Germany Physiotherapy Market Analysis Report 2022 to 2030

Germany Physiotherapy Market Analysis

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Insights10 report on Germany physiotherapy market analysis projects the growth of the physiotherapy market by $1.94 Bn in 2022 with a CAGR of 4.05% and is expected to reach $2.67 Bn in 2030. As physiotherapy concentrates more on rehabilitative and preventive treatments, the prevalence of cardiovascular and neurological disorders in geriatric populations are the main market drivers in the Germany physiotherapy market. The physiotherapy market is segmented by equipment, applications, and by end-users in Germany. Some leading companies in the physiotherapy market are BTL Industries, Performance Health, ITO Co. Ltd., and Enraf-Nonius B.V.

ID: IN10DEHS016 CATEGORY: Healthcare Services GEOGRAPHY: Germany

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Germany Physiotherapy Market Executive Analysis

The Germany physiotherapy market size is at around $1.94 Bn in 2022 and is projected to reach $2.67 Bn in 2030, exhibiting a CAGR of 4.05% during the forecast period. Germany spent 12.8% of its GDP on healthcare in 2021. In 2020, Germany's current health expenditure was covered through transfers and subsidies from the government. According to the Federal Statistical Office (Destatis), this represents a rise of $17.4 Bn, or 31.5%, from the previous year. As a result, 15.7% of the $4,609 Bn in current health expenditure was made up of government transfers and subsidies, an increase of 3.0% points from the previous year. The annual federal allocation to the umbrella health fund and the subsidies from public employers, among other transfers and subsidies, increased due to direct public subsidies for the COVID-19 pandemic response.

Physiotherapists concentrate on both rehabilitation and prevention. Treatment is available for issues brought on by illness, injury, or handicap. By considering the patient's lifestyle and involving them in their own care, the field employs a comprehensive approach to treatment. In Germany, 23.4% of people underwent physiotherapy within a year, with a larger % of women (26.8%) than men (19.9%) and a rise with age. Beyond medical need, greater education, migrant history, quitting smoking (predisposing), social support, higher income, and private health insurance were all associated with increased use of physiotherapy.

Germany Physiotherapy Market Analysis

Market Dynamics

Market Growth Drivers

The rising prevalence of cardiovascular and neurological conditions among Germany's senior population is driving this region's expansion. The patient base in Germany is also increasing, which is driving the rise of physiotherapy services and enhancing the outlook for these services. The growing number of healthcare professionals in Germany is one of the primary drivers of the physiotherapy industry's growth. Hospitals and other healthcare institutions use physiotherapy equipment and services when a patient is recovering from a medical condition. In order to meet the growing demand, healthcare providers in Germany are expanding their capacity in terms of services, goods, and machinery.

Market Restraints

Physiotherapy in Germany necessitates multiple visits. Patients may find this to be quite disturbing given the rising cost of physical treatment in Germany. The cost of having a therapist visit a patient at home when they need services is considerably higher. The out-of-pocket expenses of consumers are significantly impacted by changes in healthcare insurance coverage and legislation. Patients are frequently required to pay out of pocket due to coverage differences between government and private payers. It is anticipated that the development of preventive practices like yoga and preventive medicine will impede the growth of these services. Also, some surgeries aim to completely replace the malfunctioning part, which will not require the need for physiotherapy service.

Competitive Landscape

Key Players

Antje Noack (DEU)
Exact Health (DEU)
Pro Health Institut (DEU)
Physio Plus Tech (DEU)
BTL Industries
Performance Health
ITO Co.
Enraf-Nonius B.V.

Healthcare Policies and Regulatory Landscape

The regulatory body for Germany is The Federal Institute for Drugs and Medical Devices (BfArM). The Federal Joint Committee (G-BA) is the highest decision-making authority in the self-governing healthcare system when it comes to issues involving statutory health insurance. Despite their financial situation, everyone who is covered by a public health insurer receives the same level of medical care. According to the German Social Code Book (SGB V), Gesetzliche Krankenversicherung Spitzenverband (GKV-SV) plays a key role in the federal German healthcare system. The reimbursement rates paid by the public health insurance funds as well as private health insurance are negotiated by GKV-SV and pharmaceutical companies collectively. Germans enjoy statutory health insurance to the tune of about 90% of the population.

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.