Thailand Physiotherapy Market Analysis Report 2022 to 2030

Thailand Physiotherapy Market Analysis

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The Thailand physiotherapy market size was valued at $xx Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. Thailand's physiotherapy market is expected to grow due to the increasing prevalence of cardiovascular, neurological, and musculoskeletal diseases is likely to propel the physiotherapy market. The market is segmented by Product Type, Application Type, and End User. The major players in the Thailand physiotherapy market are W.L. Medical, DJO Global, Inc. Ormed, Medifa, Physiosupplies, Medequip, and others.

ID: IN10THHS016 CATEGORY: Healthcare Services GEOGRAPHY: Thailand AUTHOR: Chandani Patel

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Thailand Physiotherapy Market Executive Summary

The Thailand physiotherapy market size was valued at $xx Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022 to 2030 and will reach $xx Bn in 2030. According to data from the World Bank, Thailand's GDP in 2020 was $433.2 Bn. In 2019, health expenditure per capita for Thailand was $296. Health expenditure per capita in Thailand increased from $62 in 2000 to $296 in 2019 growing at an average annual rate of 8.83%.

Physiotherapy is a type of treatment used to restore and improve appropriate body function. There are varieties of different therapies and methods available that can help patients to maintain or recover from medical disabilities or problems, moreover, it also helps in preventing such conditions. These treatments are usually longer in duration and are performed in outpatient clinics. On the other hand, inpatient rehabilitation treatments are often reserved for patients who are being observed following surgery.

In Thailand, in many hospitals and clinics physiotherapy services are widely available. Additionally, many hotels and resorts in tourist areas offer physiotherapy services as part of their facilities. Increasing cases of road accidents and injuries and the rising number of rehabilitation centers are expected to drive the demand for physiotherapy devices.

Market Dynamics

Market Growth Drivers

In Thailand, there were approximately 75 Mn minor injuries caused by local road accidents, followed by around 19 Mn accidents with serious injuries which may require physiotherapy to recover the patients. In that same period. Hence rising road accidents contribute to the Thailand physiotherapy market.

Moreover, Thailand is one of the fastest-aging nations in the world. The proportion of the population aged 60 and over is expected to increase from 13% in 2010 to 33% in 2040. Due to aging problems such as joint problems, balance disorders, risk of falls, strength decline and reduces high blood pressure, and obesity also increasing. Physiotherapy is proven to be beneficial for old people suffering from such conditions as stiff joints, unbendable ligaments, and overall body movement. With the increase in the geriatric population, the demand for rehabilitation and physical therapy is expected to grow rapidly in the coming years. Furthermore, the increasing prevalence of cardiovascular, neurological, and musculoskeletal diseases is likely to propel the physiotherapy market growth in Thailand.

Market Restraints

Arbitrary annual visit restrictions are placed on patients who don't meet the initial diagnostic or severity requirements, which causes fluctuations in the course of rehabilitation and its effects. Due to this, the majority of patients seek therapy beyond the scope of their insurance benefits, leaving them with no other option except to continue paying out of pocket. As a result, variations in coverage would restrict the overall growth of the market.

Moreover, due to the high cost of physiotherapy instruments, the majority of patients choose to have the treatments performed in multispecialty hospitals or specialized clinics.

Competitive Landscape

Key Players

Siam Meditech (THA)
W.L. Medical (THA)
K.S. Medical (THA)
Suphattra (THA)
Mettler Electronics
Chattanooga Group
EMS Physio Ltd.
DJO Global
Dynatronics Corporation

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Thailand Physiotherapy Market

In Thailand, physiotherapy devices are regulated by the Food and Drug Administration (FDA) under the Ministry of Public Health. These devices must be registered with the FDA and must comply with the safety and performance requirements set forth by the organization before they can be sold in the country. Additionally, only licensed healthcare professionals are allowed to purchase and use these devices.

In Thailand, physiotherapy is covered by the Universal Coverage Scheme (UCS), which is a government-funded program that provides access to healthcare services for all citizens. The UCS covers a wide range of medical treatments, including physiotherapy, and patients are only required to pay a small co-pay for each visit.

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
Continuous 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.