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

Russia Physiotherapy Market Analysis

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The Russia physiotherapy market size was valued at $0.86 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022 to 2030 and will reach $1.3 Bn in 2030. The physiotherapy market in Russia 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 Russia physiotherapy market are PhysioRussia, PT Zone, Synergy Rehab Pinnacle Rehab, The Physio Company, and others.

ID: IN10RUHS016 CATEGORY: Healthcare Services GEOGRAPHY: Russia AUTHOR: Chandani Patel

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Russia Physiotherapy Market Executive Summary

The Russia physiotherapy market size was valued at $0.86 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022 to 2030 and will reach $1.3 Bn in 2030. In 2020, Russia's total budgetary expenditures on healthcare exceeded 4.9 trillion Russian rubles, an increase from 3.8 trillion in 2019. The COVID-19 pandemic was said to be responsible for a considerable surge in spending. Spending on healthcare in the federal budget has increased to over $18.89 Bn, and $34.88 Bn was spent from governmental non-budgetary funds.

The physiotherapy service is offered when movement and function are threatened by old age, injury, pain, illnesses, disorders, conditions, and/or environmental factors since functional mobility is essential for optimal health. During physical therapy, the physical therapist collaborates with patients, clients, other medical specialists, families, carers, and communities. To examine/assess movement potential and create goals, physical therapists draw on specialized knowledge and skills. Through promotion, prevention, treatment, and rehabilitation, physical therapists seek to find and maximize each patient's potential for mobility and quality of life. The presence of well-developed healthcare facilities and the higher disposable income of people will facilitate the physiotherapy market growth in Russia over the forecast period.

russia physiotherapy market analysis

Market Dynamics

Market Growth Drivers

In the next years, it is anticipated that demand for physiotherapy in Russia would increase due to an ageing population and an increase in the number of people with chronic conditions including diabetes and obesity. This increase in demand for physiotherapy services is expected to create opportunities for physiotherapists and physiotherapy clinics around the country.

Moreover, poor eating habits, a hectic lifestyle that causes discomfort in the ligaments, nerves, muscles, back, and neck, as well as an increase in the prevalence of stroke and Parkinson's disease, are predicted to drive the market. Physical therapy has begun to be recommended to patients by doctors since it has extra advantages. Physiotherapy is now in more demand as a result of this.

Market Restraints

The market for physiotherapy in Russia may be constrained by a number of factors, such as poor access to healthcare: Due to a dearth of facilities or qualified personnel, access to healthcare, including physiotherapy, may be restricted in some areas of the nation. Individuals may find it challenging to get the therapy they require as a result.

Some people may find the high expense of physiotherapy services to be a deterrent, especially those who lack insurance or have inadequate insurance. Additionally, the negative connotations associated with physiotherapy may deter some people from getting treatment.

Competitive Landscape

Key Players

EMS Physio Ltd.
BTL Industries
Isokinetics
Algeo Limited
DJO Global
Dynatronics Corporation
Medline Industries
Performance Health
Halyard Health
Patterson Medical

Healthcare Policies and Regulatory Landscape

Medical devices, including physiotherapy devices, are regulated by the Federal Service for Surveillance in Healthcare, Roszdravnadzor in Russia to ensure medical devices meet safety and performance requirements before they can be made available on the market.

Physiotherapy devices are required to have a registration certificate, issued by the Roszdravnadzor, in order to be legally distributed and sold in Russia. Manufacturers and importers of medical devices are also required to comply with the Technical Regulations of the Customs Union (TR CU) which sets out the safety and performance requirements for medical devices.

In addition, medical device manufacturers, importers, and distributors are required to comply with the requirements of the Good Manufacturing Practice (GMP) and Good Distribution Practice (GDP) regulations, in order to ensure the quality and safety of the medical devices.

In Russia, physiotherapy is generally considered a part of the general medical services and is covered by the national health insurance program, which is known as "Mandatory Medical Insurance" (MMI).

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.