Romania Physiotherapy Market Analysis Report 2022 to 2030

Romania Physiotherapy Market Analysis

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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.

ID: IN10ROHS016 CATEGORY: Healthcare Services GEOGRAPHY: Romania AUTHOR: Chandani Patel

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Romania Physiotherapy Market Executive Summary

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.

romania physiotherapy market analysis

Market Dynamics

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.

Competitive Landscape

Key Players

Fiziodisp (ROU)
Medisprof (ROU)
Bio Medical Systems (ROU)
Medica SRL (ROU)
Biofizion (ROU)
BTL Industries
EMS Physio Ltd.
DJO Global
Dynatronics Corporation
Medline Industries
Performance Health

Healthcare Policies and Regulatory Landscape

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

Physiotherapy Market Segmentation

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.

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.