Malaysia Physiotherapy Market Analysis Report 2022 to 2030

Malaysia Physiotherapy Market Analysis

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The Malaysia physiotherapy market size was valued at $85 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 $135 Mn in 2030. The physiotherapy market in Malaysia is expected to see steady growth in the coming years, as more people seek out these services to improve their health and quality of life. The market is segmented by Product Type Application Type, and End User. The major players in the Malaysian physiotherapy market are PhysioMalaysia, PT Zone, Synergy Rehab Pinnacle Rehab, The Physio Company, and others.

ID: IN10MYHS016 CATEGORY: Healthcare Services GEOGRAPHY: Malaysia

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Malaysia Physiotherapy Market Executive Summary

The Malaysia physiotherapy market size was valued at $85 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 $135 Mn in 2030. With a score of 95 points out of 100, Malaysia has been ranked first as the world's best in healthcare with its world-class healthcare services and sophisticated infrastructure. Total health expenditure covers the provision of health services (preventive and curative), family planning activities, nutrition activities, and emergency aid designated for health but does not include the provision of water and sanitation. In Malaysia Health expenditure per capita is US$ 437, healthcare expenditure per capita based on public-private partnership (PPP) is US$ 1,133, and government health expenditure per capita is US$ 219. A total of 52.2% of the current healthcare expenditure is a share of general government expenditure on healthcare.

The physiotherapy service is offered in cases when movement and function are in danger due to old age, injury, pain, illnesses, disorders, conditions, and/or environmental factors, with the premise that functional mobility is essential to being healthy. During physical therapy, the physical therapist collaborates with patients/clients, other medical specialists, families, carers, and communities. In order to examine/assess movement potential and create goals, physical therapists employ information and skills that are special to their field. Through promotion, prevention, treatment, and rehabilitation, physical therapists seek to identify and maximize each patient's potential for mobility and quality of life.

The physiotherapy services sector is characterized by high degrees of fragmentation and low levels of concentration. The top 4 businesses account for less than 10% of industry revenue. The majority of companies in this industry are small, and around half of the physiotherapy practices are sole proprietorships. It is evident that industry operators don't necessarily need to merge in order to obtain greater economies of scale because there are so many small businesses and so few larger ones, together with the strong profit margins of the industry.

Malaysia Physiotherapy Market

Market Dynamics

Market Growth Drivers

The physiotherapy market in Malaysia is likely to grow in the coming years due to an increase in the number of people suffering from chronic diseases, such as diabetes and obesity, as well as an aging population. This increase in demand for physiotherapy services is expected to create opportunities for physiotherapists and physiotherapy clinics in the country.

There are several factors that may impact the growth of the physiotherapy market in Malaysia. These include the availability of trained physiotherapists, the cost of physiotherapy services, and the level of insurance coverage for physiotherapy. In addition, the adoption of new technologies, such as telehealth, may also impact the market.

Market Restraints

There are several factors that may act as restraints on the physiotherapy market in Malaysia, such as limited access to healthcare: In some parts of the country, access to healthcare, including physiotherapy, may be limited due to a lack of facilities or trained professionals. This can make it difficult for individuals to receive the treatment they need.

The high cost of physiotherapy services can be a barrier for some individuals, particularly those who do not have insurance or are underinsured. Moreover, the stigma surrounding physiotherapy can discourage individuals from seeking treatment.

Lack of awareness regarding physiotherapy among individuals may not be aware of the benefits of physiotherapy or may not understand how it can help them. This can lead to a lack of demand for physiotherapy services.

Competitive Landscape

Key Players

PhysioMalaysia (MYS)
PT Zone (MYS)
Kinetik Wellness (MYS)
RehabZone (MYS)
Synergy Rehab (MYS)
Pinnacle Rehab (MYS)
The Physio Company (MYS)
Move Forward (MYS)
EMS Physio Ltd.
BTL Industries, Inc.
Isokinetics, Inc.
Algeo Limited
DJO Global, Inc.
Dynatronics Corporation, Inc.

Healthcare Policies and Regulatory Landscape

In Malaysia, the Ministry of Health is responsible for regulating the healthcare system. The Ministry sets policies and standards for healthcare services and oversees the operation of public hospitals and clinics. Private healthcare providers are also regulated by the Ministry of Health to ensure that they meet certain standards.

There are several professional bodies that regulate specific healthcare professions in Malaysia, including the Malaysian Medical Council (which regulates doctors), the Malaysian Dental Council (which regulates dentists), and the Malaysian Society of Physiotherapy (which regulates physiotherapists). These bodies are responsible for setting standards for education and practice, and for issuing licenses to practitioners. They also have the authority to discipline practitioners who violate professional standards.

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.