The Indonesia physiotherapy market size was valued at $319 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022 to 2030 and will reach $503 Mn in 2030. Indonesia's physiotherapy market is expected to grow due to, increasing prevalence of chronic diseases and increasing awareness regarding physiotherapy. The market is segmented by Product Type, Application Type and End User. The major players in the Indonesia physiotherapy market are PT. Fisioterapi Mitra Sehat, PT. Fisioterapi Medika, EMS Physio Ltd. and others.
The Indonesia physiotherapy market size was valued at $319 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022 to 2030 and will reach $503 Mn in 2030. Indonesia's healthcare expenditure as a percentage of GDP has been increasing in recent years. In 2019, the country's healthcare expenditure was around 3.9% of the GDP. However, the country's overall GDP has also been increasing, so the absolute amount of healthcare expenditure has also been rising. According to World Bank data, in 2020, Indonesia's GDP was $1.05 trillion and healthcare expenditure was $36.8 Bn.
Physiotherapy is to increase a patient's function, mobility, and general well-being. Benefits of physiotherapy include injury prevention, health and fitness, and physical rehabilitation. Your personal healing process is supported by physiotherapists. Physiotherapy services are provided in a variety of settings, including physiotherapy clinics, and government and private hospitals in Indonesia. In-home healthcare services many practitioners provide physiotherapy in home-based settings. As the aging population in the country increases chronic condition is rising, and physiotherapy can help in manage symptoms and improve health. Hence, the demand for the physiotherapy market is increasing during the forecast period.
Market Growth Drivers
The increasing awareness of physiotherapy and its benefits among the general population is driving growth in the market. The rising prevalence of chronic diseases such as diabetes, obesity, and heart disease is driving growth in the market as physiotherapy can help to manage these conditions. Furthermore, In Indonesia as an increasing aging population, there is an increasing need for physiotherapy services to address age-related conditions such as osteoarthritis, stroke, and other chronic diseases. Moreover, the government is investing in the healthcare sector, which is driving growth in the market by increasing funding for physiotherapy services and infrastructure.
Market Restraints
Limited access to the physiotherapy market, especially in rural areas is one of the main barriers to the Indonesia physiotherapy market. Moreover, many patients may find it difficult to afford physiotherapy treatments and supplies due to the high cost of such items.
Key Players
Policy changes and Reimbursement scenario of the Indonesia Physiotherapy Market
In Indonesia, the Ministry of Health is responsible for regulating physiotherapy equipment. All physiotherapy equipment must be registered with the Ministry of Health before it can be sold or used in the country. The Indonesian Association of Medical Devices Industry (ASPILUKI) has a significant role in the regulation of physiotherapy equipment in Indonesia. ASPILUKI promotes the safe and effective use of medical devices and equipment. It works with the Ministry of Health to establish standards and guidelines for physiotherapy equipment and provides information to healthcare professionals and consumers about the safe use of these devices.
In Indonesia reimbursement for physiotherapy is provided by the national health insurance program known as Jaminan Kesehatan Nasional (JKN), which covers physiotherapy services for eligible citizens. However, the extent of coverage and reimbursement for physiotherapy services can vary depending on the specific type of treatment and the individual's health insurance plan.
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
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.
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
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.
Methodology for Database Creation
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