Global Physiotherapy Market Analysis Report 2022 to 2030

Global Physiotherapy Market Analysis

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The global physiotherapy market size was valued at $15.35 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 16.3% from 2022 to 2030 and will reach $51.37 Bn in 2030. The Global 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 ageing population. The market is segmented by Product Type Application Type and End User. The major players in the Global physiotherapy market are PhysioGlobal, BTL, EMS Physio Ltd., Dynatronics Corporation, RICHMAR, and others.

ID: IN10GLHS016 CATEGORY: Healthcare Services GEOGRAPHY: Global

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Global Physiotherapy Market Executive Summary

The Global physiotherapy market size was valued at $15.35 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 16.3% from 2022 to 2030 and will reach $51.37 Bn in 2030. The cost of healthcare worldwide was $7.7 trillion, or around 10% of the world's gross domestic product. The amount spent on healthcare varies greatly by nation, with some nations devoting a bigger share of their GDP to it than others. Due to the fact that residents of high-income nations can afford more expensive healthcare services, these nations typically have greater healthcare costs. One of the greatest levels of healthcare spending in the world, for instance, is in the United States, where it accounts for about 18% of the GDP.

The physiotherapy service is offered when movement and function are threatened by old age, injury, pain, illnesses, disorders, conditions, and/or environmental factors since functional mobility is essential for optimal health. During physical therapy, the physical therapist collaborates with patients, clients, other medical specialists, families, carers, and communities. To examine/assess movement potential and create goals, physical therapists draw on specialized knowledge and skills. Through promotion, prevention, treatment, and rehabilitation, physical therapists seek to find and maximize each patient's potential for mobility and quality of life. The global physiotherapy market is a rapidly growing industry, driven by factors such as an aging population, increasing prevalence of chronic conditions, and growing awareness of the benefits of physiotherapy.

global physiotherapy market analysis

Market Dynamics

Market Growth Drivers

Due to an increase in the number of people suffering from chronic conditions including diabetes and obesity as well as an ageing population, the global market for physiotherapy is expected to expand in the upcoming years. Opportunities for physiotherapists and physiotherapy clinics in the nation are anticipated to result from this rise in demand for physiotherapy services.

The global market for physiotherapy could be impacted by a number of things. These include the accessibility of licensed physical therapists, the price of physiotherapy treatments, and the extent of physiotherapy insurance coverage. The market may also be impacted by the adoption of new technologies, such as telehealth.

Market Restraints

The global physiotherapy market may be constrained by a number of factors, such as limited access to healthcare: Due to a dearth of facilities or qualified personnel, access to healthcare, including physiotherapy, may be restricted in some areas of the nation. Individuals may find it challenging to get the therapy they require as a result.

Some people may find the high expense of physiotherapy services to be a deterrent, especially those who lack insurance or have inadequate insurance. Additionally, the negative connotations associated with physiotherapy may deter some people from getting treatment.

Competitive Landscape

Key Players

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

Healthcare Policies and Regulatory Landscape

In the United States, the regulation of physiotherapy equipment is primarily handled by the Food and Drug Administration (FDA) and the Federal Trade Commission (FTC). The FDA is in charge of making those medical products, including physiotherapy equipment, effective and safe. Depending on the level of risk they present to patients, medical devices are categorized into a variety of classes, and each class has its own set of rules. For instance, while Class III devices, which present the most risk, are subject to the strictest rules, Class I devices, which present the lowest risk, are subject to the least degree of control. The FTC is in charge of making sure that physiotherapy equipment labels and advertisements are accurate and not deceptive.

In Canada, physiotherapy equipment is regulated by Health Canada, the federal government department responsible for ensuring that medical devices are safe and effective for use. Health Canada regulates the manufacture, import, and sale of medical devices in Canada through the Medical Devices Regulations. According to these regulations, manufacturers and importers of medical devices, including physiotherapy equipment, must obtain a Medical Device Establishment License (MDEL) from Health Canada before they can legally sell their products in Canada. The MDEL ensures that the manufacturer or importer has the necessary quality management system in place to ensure the safety and effectiveness of the devices they produce or import.

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.

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

Global 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.