Romania's physiotherapy market size was valued at $154 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022-30 and will reach $243 Mn in 2030. Romania's physiotherapy market is expected to grow due to physiotherapy recommendations by doctors, an aging population, and a growing awareness of physiotherapy. The market is segmented by Product Type, Application Type, and End User. The major players in the Romania physiotherapy market are Fiziodisp, Medisprof, Bio-Medical Systems, Medica SRL, Biofizion, and others.
Romania's physiotherapy market size was valued at $154 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022-30 and will reach $243 Mn in 2030. According to the World Bank, Romania's GDP per capita in 2020 was around $10,300. This is lower compared to many other European countries and it reflects the overall economic situation of the country.
In terms of healthcare expenditure, Romania spends around 5.5% of its GDP on healthcare, which is relatively low compared to other countries. The healthcare system in Romania is based on a mix of public and private financing, and it is facing many challenges such as a shortage of funding, inadequate infrastructure, and a shortage of healthcare professionals.
In Romania, physiotherapy services comprise a variety of therapies such as manual therapy, exercise therapy, electrotherapy, ultrasound therapy, and other methods to assist patients in recovering from accidents, operations, or illnesses that impair mobility and function.
The report also points out that the industry is home to a large number of small and medium-sized enterprises, which adds to the market's significant fragmentation. Physical therapy is typically offered in Romanian hospitals, rehab centers, nursing homes, and private offices.
Market Growth Drivers
Romania the aging population and the rising prevalence of chronic diseases including obesity, diabetes, and cardiovascular disease conditions that call for physiotherapy services—are two factors that are fueling the expansion of the physiotherapy market. In addition, the market is expanding as a result of rising public awareness of the advantages of physiotherapy and government initiatives to expand access to healthcare services.
Moreover, physiotherapy has begun to be recommended to patients by doctors since it has extra advantages. Physical treatment equipment is now in more demand as a result of this.
Market Restraints
Although physiotherapy is covered by Romania's national healthcare system and patients are often compensated for a portion of the costs of treatment, the reimbursement rates for these treatments are rather low, which may limit certain patients' access to these therapies. Despite the fact that physiotherapy services are offered in Romania, access may occasionally be restricted, especially in remote or underserved areas, which will negatively affect the country's physiotherapy sector.
Key Players
Policy changes and Reimbursement scenario of the Romania Physiotherapy Market
In Romania, physiotherapy devices are regulated by the National Medicines Agency (NMA), which is responsible for evaluating and approving medical devices, including physiotherapy devices, for use in the country. In order to be sold or used in Romania, a physiotherapy device must be approved by the NMA and bear the CE mark, which indicates that the device meets EU safety, health, and environmental protection requirements. Additionally, physiotherapy devices must be used by a qualified physiotherapist, who must follow the manufacturer's instructions and guidelines for use of the device.
The NMA oversees the post-market surveillance, vigilance, and risk management of medical devices. The Medical Device Regulation (MDR) applies in the EU from May 2020 and replaces the Medical Device Directive (MDD) and the Active Implantable Medical Device Directive (AIMDD). The MDR strengthens the requirements for the safety and performance of medical devices and it requires more stringent clinical evaluations of devices, which include physiotherapy devices.
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: 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). Due to the increasing use of electrotherapy equipment in the treatment of musculoskeletal disorders and 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.
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