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

Japan Physiotherapy Market Analysis

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The Japan physiotherapy market size was valued at $3.3 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 6.35% from 2022 to 2030 and will reach $5.4 Bn in 2030. Japan physiotherapy market is expected to grow due to, an aging population, an increase in chronic diseases, and a growing focus on preventative care.The market is segmented by Product Type, Application Type, and End User. The major players in the Japan physiotherapy market are Nihon Kohden, Fysio-Therapy, S&S Co., Ltd., Fujirebio, Takeda Medical and others

ID: IN10JPHS016 CATEGORY: Healthcare Services GEOGRAPHY: Japan

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Japan Physiotherapy Market Executive Summary

The Japan physiotherapy market size was valued at $3.3 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 6.35% from 2022 to 2030 and will reach $5.4 Bn in 2030. Japan has one of the highest healthcare expenditures as a percentage of GDP among developed countries. According to data from the World Bank, Japan's healthcare expenditure as a percentage of GDP was 9.0% in 2009 and increased to 10.9% in 2019.

The total healthcare expenditure in Japan was around JPY $380 Bn in 2020. The expenditure is mainly financed through a combination of public and private sources, with the government playing a significant role in financing healthcare through the national health insurance system, which covers around 70% of the population.Japan's healthcare system is known for its high quality of care, advanced medical technology, and relatively low cost of care.

The utilization of physiotherapy services in Japan has been increasing in recent years due to several factors, including an aging population, an increase in chronic diseases, and a growing focus on preventative care. The number of people with chronic conditions such as arthritis, osteoporosis, and other age-related conditions that require physiotherapy has been increasing. Additionally, there is a growing number of people with chronic conditions such as obesity, diabetes, and heart disease, which also require physiotherapy to manage symptoms and improve overall health.

Physiotherapy is also used to prevent and manage injuries, particularly in athletes and active individuals. With an increase in participation in sports and physical activity, there is a growing need for physiotherapy services to help prevent and manage injuries.Physiotherapy is also used in the rehabilitation of patients who have undergone surgeries and other medical procedures. With an increase in the number of surgeries and medical procedures being performed, there is a growing need for physiotherapy services to help patients recover and return to their normal activities.

Japan Physiotherapy Market Analysis

Market Dynamics

Market Growth Drivers

According to data from the National Institute of Population and Social Security Research, the proportion of the population aged 65 or older in Japan was 28.1% in 2020. This proportion is expected to continue to increase in the coming years, as the number of people aged 65 or older is projected to reach 38.0% by 2065.As the population ages, the number of people who require physiotherapy services is also expected to increase. Older adults are more likely to have chronic conditions such as arthritis, osteoporosis, and other age-related conditions that require physiotherapy. Additionally, older adults may also require physiotherapy to help manage the symptoms of chronic conditions such as obesity, diabetes, and heart disease, and to help prevent falls and other injuries.

Moreover, According to data from the Ministry of Health, Labour and Welfare, the prevalence of chronic diseases such as diabetes, hypertension, and dyslipidemia (high cholesterol) in Japan has been increasing in recent years. In 2020, around 10.9% of the population had diabetes, and around 34% had hypertension.As these chronic diseases are common among older adults and physiotherapy is often used to manage symptoms and improve overall health for people with these conditions. It is likely that a significant portion of the population aged 65 or older and suffering from chronic diseases require physiotherapy.

Market Restraints

The Japan physiotherapy market is expanding, but there are a number of obstacles that could limit that expansion. Rural locations that may have limited access to physiotherapy services due to a dearth of therapists in these areas are one of the main barriers to the Japan physiotherapy market. Additionally, some patients may find it difficult to afford physiotherapy treatments and supplies due to the high cost of such items.

Competitive Landscape

Key Players

Nihon Kohden (JPN)
Fysio-Therapy (JPN)
S&S Co., Ltd. (JPN)
Fujirebio (JPN)
Takeda Medical (JPN)
Nihon Medix (JPN)
MGC Diagnostics (JPN)
Alphalab (JPN)
Nidek Medical (JPN)
Medtronic Japan (JPN)
BTL Industries
Mettler Electronics
Chattanooga Group
EMS Physio Ltd.
DJO Global, Inc.
Dynatronics Corporation, Inc.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Japan Physiotherapy Market

In Japan, regulations for physiotherapy equipment and services are governed by the Ministry of Health, Labour, and Welfare (MHLW) and the Japan Physical Therapy Association (JPTA).The MHLW sets standards for the safety and effectiveness of physiotherapy equipment and services, and it is responsible for approving and registering medical devices and equipment used in physiotherapy. Medical devices and equipment used in physiotherapy must meet the standards set by the MHLW and be registered with the MHLW before they can be marketed and sold in Japan.

The JPTA sets standards for the practice of physiotherapy and provides guidelines for the use of physiotherapy equipment and services.Additionally, the Japan Association for Medical Equipment Industries (JAMEI) also plays a role in regulating physiotherapy equipment and services, by setting industry standards, promoting safety and quality, and providing information and education for the industry.

In Japan, physiotherapy is covered by the national health insurance system and is generally reimbursed by insurance companies.

Patients who have physiotherapy covered by their insurance can receive reimbursement for a portion of the treatment costs. However, the reimbursement amount varies depending on the patient's insurance plan and the specific treatment being received.

Reimbursement for physiotherapy is generally based on a fee schedule set by the government, which takes into account the type of treatment, the location of the treatment, and the qualifications of the therapist.

It's worth noting that some insurance plans may have limits on the number of physiotherapy sessions that are covered or may require a referral from a physician or other healthcare professional before treatment can be reimbursed.

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.