Singapore Physiotherapy Equipment Market Report 2023 to 2030

Singapore Physiotherapy Equipment Market Analysis

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The Singapore Physiotherapy Equipment Market was valued at $25.08 Mn in 2023 and is predicted to grow at a CAGR of 7.8% from 2023 to 2030, to $42.43 Mn by 2030. The key drivers of this industry include the rising prevalence of chronic diseases, expanding geriatric population, and advancements in technology. The key players in the industry are Joyson Health, EMS Physio Ltd., and Forefront Medical Technology among others.

ID: IN10SGMD024 CATEGORY: Medical Devices GEOGRAPHY: Singapore AUTHOR: Avantika Gupta

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Singapore Physiotherapy Equipment Market Executive Summary

The Singapore Physiotherapy Equipment Market is at around $25.08 Mn in 2023 and is projected to reach $42.43 Mn in 2030, exhibiting a CAGR of 7.8% during the forecast period.

Physiotherapy equipment refers to the instruments that physiotherapists use to help cases recover from accidents, operations, or habitual conditions. These include exercise cycles, ultrasound machines, and resistance bands. The utilization of physiotherapy equipment can help reduce the level of care required for these patients.

Musculoskeletal conditions encompass a wide range of conditions and conditions affecting the muscles, bones, joints, and connective tissues, leading to pain, mobility limitations, and reduced functioning. These conditions include low reverse pain, neck pain, fractures, osteoarthritis, amputations, rheumatoid arthritis, and other musculoskeletal issues. Musculoskeletal diseases affect limited mobility and are a significant cause of disability. Furthermore, the rising prevalence of neurological disorders in the population is the primary driver behind the increasing demand for neurology rehabilitation physiotherapy equipment. The most commonly utilized physiotherapy interventions for elderly individuals with neurological disorders include balance and gait training, occupational therapy, traditional physiotherapy techniques, walking and treadmill exercises, and upper limb robot-assisted therapy.

The market therefore is driven by significant factors like the aging population and the rising prevalence of cardiovascular, neurological, and musculoskeletal diseases. Advancements in technology, and government investment in healthcare also play a key role in market growth. However, limited accessibility to specialized physiotherapists, high cost of physiotherapy equipment, and strict regulatory approval limit the growth of the market.

The leading pharmaceutical companies include HMS Medical Systems and Astar for physiotherapy equipment. Johari Digital and EMS Physio Ltd. are also significant contributors to the physiotherapy equipment landscape, with continuous research and development activities.

Singapore Physiotherapy Equipment Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Rise in Geriatric Population: Knee osteoarthritis affects 19.7% of individuals aged 60 and above. Geriatric physiotherapy is gaining importance as older adults confront various health challenges like cardiovascular decline, vision and hearing impairments, and diabetes. Manufacturers are making substantial investments in advanced physiotherapy equipment to tackle these issues, foreseeing a rise in age-related physical and psychological conditions in the future.

Government Investment in Healthcare: With Singapore's government pouring resources into healthcare infrastructure and services, the physiotherapy equipment market is thriving. This investment results in advanced facilities and a surge in physiotherapy services. As a result, demand for equipment to equip these centers soars, creating a lucrative opportunity for manufacturers to cater to Singapore's evolving healthcare landscape.

Growing Demand for Rehabilitation Services: The growing prevalence of chronic conditions like musculoskeletal disorders, neurological diseases, and cardiovascular problems is fueling the demand for physiotherapy services. This, in turn, is driving the market for specialized physiotherapy equipment designed to aid in assessment, treatment, and rehabilitation of patients.

Market Restraints

Lack of Skilled Physiotherapists: Lack of proficient physiotherapists and healthcare providers hampers the usage and acceptance of physiotherapy equipment due to inaccessibility to competent personnel to operate them appropriately and securely. In remote areas, new technology adoption is hindered.

Regulatory Obstacles: Singapore's physiotherapy equipment market offers exciting opportunities, but navigating the regulatory landscape overseen by the Health Sciences Authority (HSA) can be a hurdle for new entrants. The HSA's licensing and permit process can be complex, potentially slowing down new businesses and hindering market growth. This highlights the importance of understanding and complying with Singapore's regulations to ensure a smooth entry into this promising market.

Expensive Physiotherapy Services: Physiotherapy services in Singapore are expensive, especially for those without insurance coverage, which could discourage some people from seeking physiotherapy services

Regulatory Landscape and Reimbursement Scenario

The regulatory landscape for medical devices in Singapore is governed by the Health Sciences Authority (HSA), which operates under the Health Products Act 2007 and Health Products (Medical Devices) Regulations 2010. Devices are classified into four tiers (Class A, B, C, and D) based on their risk levels. Registration is mandatory for Class B, C, and D devices, while Class A devices are listed on the local importer’s license.

The reimbursement scheme for physiotherapy in Singapore is governed by the Medisave and MediShield Life schemes, which are national healthcare savings and insurance programs. Patients can use their Medisave funds to pay for physiotherapy treatments at approved clinics and hospitals. Physiotherapy services are widely covered by private insurance plans in Singapore, including those offered by Great Eastern, Doctor Anywhere, AXA, CIGNA, AETNA, and Bupa Global.

Competitive Landscape

Key Players

Here are some of the major key players in the Singapore Physiotherapy Equipment Market:

Performance Health
Forefront Medical Technology
Joyson Health
ITO Co. Ltd.
Enraf-Nonius B.V.
EMS Physio Ltd.
BTL Industries
Storz Medical AG
DJO Global
Zynex Medical Inc.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 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 Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Singapore Physiotherapy Equipment Market Segmentation

By Equipment

Hydrotherapy
Electrotherapy
Cryotherapy
Continuous Passive Motion Units
Multi-exercise Therapy Unit
Heat Therapy
Shockwave Therapy
Laser Therapy
Traction Therapy
Ultrasound
Other Equipment Types

By Application

Cardiovascular and Pulmonary
Neurological
Musculoskeletal
Paediatric
Other Applications

By End User

Hospitals
Physiotherapy & Rehabilitation Centers
Home Care Settings

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.