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

Italy Physiotherapy Market Analysis

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The Italy physiotherapy market size was valued at $1.27 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.35% from 2022 to 2030 and will reach $1.93 Bn in 2030. Italy physiotherapy market is expected to grow due to, an increase in chronic diseases, an aging population, and a growing focus on preventative care. The market is segmented by Product Type, Application Type and End User. The major players in the Italy physiotherapy market are Tecno-Gaz, Tecno-Med, Medel, Alfa Medical, Elleci Medical Equipment, and others.

ID: IN10ITHS016 CATEGORY: Healthcare Services GEOGRAPHY: Italy

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Italy Physiotherapy Market Executive Summary

The Italy physiotherapy market size was valued at $1.27 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.35% from 2022 to 2030 and will reach $1.93 Bn in 2030. Italy has a publicly-funded healthcare system, which is financed through a combination of government funding and social security contributions. The healthcare system in Italy is considered to be one of the best in Europe, and the country spends a significant amount of money on healthcare each year.According to data from the World Health Organization (WHO), Italy's healthcare expenditure as a percentage of GDP was around 8.8% in 2018. This puts Italy slightly above the European Union average of 8.5%.Additionally, Italy's total healthcare expenditure per capita was $3,973 in 2018, which is higher than the average for the European Union.

In Italy, there is a growing awareness of the benefits of physiotherapy among the Italian population, which is driving an increase in the utilization of these services.Physiotherapy services can be provided in a variety of settings, including hospitals, clinics, and private practices. Many physiotherapists also offer home-based services to patients who are unable to visit a clinic.

Italy Physiotherapy Market Analysis

Market Dynamics

Market Growth Drivers

Italy has an aging population, with a significant proportion of the population over the age of 65. According to the National Institute of Statistics (ISTAT), in 2020, around 22% of the population was aged over 65, and it's estimated that by 2065 this figure will rise to around 38%.An aging population brings with it a number of challenges, including increased demand for rehabilitation services, particularly for chronic conditions such as arthritis and back pain, and a strain on the pension system. Hence the demand for physiotherapy in Italy has increased.

Moreover, in Italy, the most common chronic diseases are cardiovascular diseases, cancer, and diabetes. These conditions are often accompanied by musculoskeletal disorders, such as back and joint pain, which can be effectively treated with physiotherapy.Chronic respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD), are also prevalent in Italy and physiotherapy can help to improve lung function and reduce symptoms.Osteoarthritis and rheumatoid arthritis are also common chronic conditions in Italy and physiotherapy play a significant role in managing the pain, stiffness and improving the overall function of the affected joints.Physical inactivity, unhealthy diet, and smoking are considered major risk factors for chronic diseases in Italy. Hence Italy physiotherapy market will grow during the forecast period.

Additionally, the expansion of the physiotherapy industry in Italy is being driven by the rise in the number of people who are health-conscious and wish to keep their freedom and mobility. Furthermore, the expansion of the physiotherapy business in Italy is being fueled by the rise in sports injuries, particularly among younger people.

Market Restraints

The reimbursement rates for physiotherapy services are quite low, which may restrict access to these treatments for some patients, despite the fact that physiotherapy is covered by the national healthcare system in Italy and patients are often compensated for a percentage of the treatment costs. Despite the fact that physiotherapy treatments are accessible in Italy, access to these services can occasionally be restricted, especially in remote or underserved areas which will hamper the physiotherapy market in the country.

Competitive Landscape

Key Players

Tecno-Gaz (ITA)
Tecno-Med (ITA)
Medel (ITA)
Alfa Medical (ITA)
Elleci Medical Equipment (ITA)
Fisiosan (ITA)
FisioCare (ITA)
FisioSport (ITA)
EMS Physio Ltd.
DJO Global, Inc.
Dynatronics Corporation, Inc.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Italy Physiotherapy Market

In Italy, the regulation of physiotherapy equipment and services is the responsibility of the Ministry of Health and the National Order of Physiotherapists (Fisioterapisti Ordine Nazionale - FNO).The Ministry of Health is responsible for ensuring that physiotherapy equipment and services meet the necessary safety and performance standards. This includes regulations on the design, manufacture, and distribution of physiotherapy equipment, as well as regulations on the use of physiotherapy equipment and services in healthcare settings.

The FNO also plays a role in the regulation of physiotherapy equipment and services, by ensuring that physiotherapists are properly trained to use the equipment and by setting standards for the use of equipment in the practice of physiotherapy.Companies that manufacture and supply physiotherapy equipment in Italy must comply with the regulations of the Ministry of Health, which includes regulations on product safety, performance, and labeling, as well as regulations on the distribution and marketing of their products.

Physiotherapy services, such as those provided by physiotherapy companies, are also subject to regulation by the Ministry of Health, which is responsible for ensuring that they meet the necessary standards of care and safety.

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.