[181 Pages Report] The global physiotherapy equipment market size is expected to reach USD 21.7 billion by 2025 from an estimated value of USD 16.6 billion in 2020, growing at a CAGR of 5.6% during the forecast period. The rapidly growing ageing population and the subsequent increase in the global prevalence of chronic diseases are the major factors driving the growth of the physiotherapy equipment market. In addition, the growing incidence of sports injuries, degenerative joint disorders, and cerebrovascular disease.will also contribute to market growth in the coming years. However, , the shortage of skilled personnel, and alternative therapies such as acupuncture are expected to challenge market growth to a certain extent.

Covid-19 Impact on the Physiotherapy Equipment Market

The current COVID-19 pandemic has resulted in a massive number of patients visiting healthcare facilities on a daily basis. According to WHO data, there were 9.4 million confirmed COVID-19 cases and 482,730 deaths globally, as of June 25, 2020. Owing to this, there is a major shortage of hospital beds, healthcare providers, and basic medical equipment. This is compelling hospitals and other care facilities to increase the number of healthcare providers. As a result, a number of physiotherapists and other healthcare-related professionals are being deployed.

Due to the COVID-19 pandemic, governments across the globe announced country-wide lockdown as well as social distancing measures to prevent the collapse of the health systems. Governments have also issued limitations and bans on medical procedures and elective surgeries. These restrictions have hampered the demand for physiotherapy equipment. Due to these restrictions, physiotherapy equipment manufacturing companies are facing problems such as in-person product demonstrations, operating their facilities at full capacity, and attending conferences that help generate future sales opportunities. In addition, the lockdown in Asia Pacific countries such as China and India has resulted in delays in the production and shipment of physiotherapy products. All these factors are expected to negatively impact the growth of the physiotherapy equipment market. On the other hand, as per the recommendations by the World Confederation for Physical Therapy (WCPT), COVID-19 patients are recommended to undergo physiotherapy for 3-4 weeks for the early recovery and improvement of their overall health. Thus, the demand for physiotherapy equipment is expected to increase in the coming five years due to the growing number of COVID-19 cases.

Physiotherapy Equipment Market Dynamics

Driver: Rapidly growing geriatric population and the subsequent increase in the prevalence of chronic diseases

According to the Population Reference Bureau, globally, the geriatric population is growing at a rapid pace; by 2050, the number of people aged 65 years and above will constitute 16% of the global population. In 1990, 31 million Americans were 65 years of age or older; by 2020, the elderly population in the country is estimated to increase to 54 million persons, and by 2050, one in five Americans is expected to be over 65 years. This rapidly increasing geriatric population results in a considerable increase in the incidence of chronic diseases worldwide.

The elderly are more susceptible to various chronic and debilitating diseases. According to the World Health Organization (WHO), the incidence of strokes, dementia, and hip fractures increases exponentially with age; these are common afflictions in people over 85 years of age. Thus, the aging population, afflicted by some form of disability, will drive the physiotherapy equipment market.

Restraints: Unstable reimbursement scenario for physiotherapy

Changes in healthcare insurance policies and coverage substantially influence out-of-pocket costs for patients. This may lead to variabilities in services and impacts the quality of care provided. The variability in coverage between and within federal and private payers often leaves patients paying out of pocket. Patients may be responsible for a co-pay, co-insurance, facility fees, and meeting a high deductible until co-insurance begins. Co-pays can reach as high as USD 75 per visit for therapy services. These costs can limit patients� access to services, resulting in instances where patients do not get therapy while some patients may not be able to resume work or engage in daily activities. Patients are also subjected to arbitrary visit limits per year that do not fall under the criteria of initial diagnosis or severity, thereby leading to variabilities in rehabilitation progress and complications. As a result, most patients surpass their limits in terms of receiving therapy under insurance benefits, and out-of-pocket payment is the only option left if individuals opt to continue receiving services. Thus, variabilities in coverage will hamper the growth of the overall physiotherapy equipment market.

Opportunities: Emerging markets

China, Japan, India, Brazil, and Australia are emerging markets for physiotherapy equipment. These markets lack proper standards and government regulations and offer huge potential for providers unable to meet US standards.

In China, the healthcare infrastructure is in urgent need of modernization, owing to the growth in the aging population and the rising incidence of chronic disorders. In 2013, China had 83.7 million people with disabilities, of which 65 million cannot survive without assistive devices. The aging population (60+ years) will make up 20% of the Chinese population by 2025. Similarly, Japan is another country with one of the most rapidly increasing aging populations in the world. By 2025, 36% of the Japanese population will have crossed 60 years. India is also a high potential market for physiotherapy equipment on account of its huge aging population base, growing healthcare standards, and flourishing home healthcare sector. Moreover, the increasing competition in mature markets will compel physiotherapy manufacturers to focus on emerging markets.

Challenges: Alternative therapies such as acupuncture

Acupuncture is widely used and accepted throughout the medical community as a viable alternative to physiotherapy owing to its numerous benefits, such as high patient compliance and low cost. Many physiotherapists offer acupuncture as a treatment modality as part of physiotherapy management. Acupuncture may be suggested for a variety of conditions. It is often used as an adjunct in the management of acute and chronic injuries, back and neck pain, muscle and joint problems, nerve pain, headaches and migraines, and sports injuries. Owing to its wide range of benefits and low costs, many patients opt for acupuncture over other physiotherapy options, which challenges market growth to a certain extent.

Global Physiotherapy Equipment Market Interconnections

The electrotherapy equipment segment is projected to grow at the highest CAGR during the forecast period

Based on type of equipment, the physiotherapy equipment market is segmented into electrotherapy equipment, ultrasound equipment, exercise therapy equipment, cryotherapy equipment, combination therapy equipment, continuous passive motion therapy equipment, shockwave therapy equipment, laser therapy equipment, traction therapy equipment, magnetic and pressure therapy equipment, and other physiotherapy equipment. In 2019, electrotherapy equipment segment accounted for the largest share of the physiotherapy equipment market. The large share of this segment can be attributed to growing use of Neuromuscular electrical stimulation and therapeutic electrical stimulation in clinical settings for rehabilitaion.

The musculoskeletal applications segment accounted for the largest share of the physiotherapy equipment market in the year 2019.

On the basis of application, the physiotherapy equipment market is segmented into cardiovascular and pulmonary applications, musculoskeletal applications, neurological applications, pediatric applications, gynecological applications, and other applications (includes sports and palliative care). In 2019, the musculoskeletal applications segment accounted for the largest share of the physiotherapy equipment market The large share of the musculoskeletal applications segment is attributed to the rising incidence of musculoskeletal disorders, growth in the geriatric population, and the increasing number of accidents.

The Asia Pacific region is expected to show the highest growth rate during the forecast period.

Geographically, the global physitherapy market is segmented into North America, Europe, the Asia Pacific, and Rest of the World )RoW). Asia Pacific is expected to show the highest growth rate during the forecast period. The high growth rate of this region can mainly be attributed to the rising geriatric population, the growing number of private sector hospitals, developments in primary healthcare infrastructure, and the inclination toward active lifestyles.

Key Market Players

The leading players in this market include DJO Global (US), BTL Industries Inc. (US), Performance Health (US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics Corporation (US), Mectronic Medicale (Italy), EMS Physio Ltd. (UK), Whitehall Manufacturing (US), Zimmer MedizinSysteme GmbH (Germany), Zinex Inc. (US), STORZ Medical AG (Swotzerland), Life Care Systems (India), and Mettler Electronics Corp. (US).

Scope of the report

Report Metric Details Market size available for years 2016�2025 Base year considered 2019 Forecast period 2020�2025 Forecast units Value (USD) Segments covered Product, Application, End User, and Region Geographies covered North America, Europe, Asia Pacific, and Rest of the World (RoW) Companies covered DJO Global (US), BTL Industries Inc. (US), Performance Health (US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics Corporation (US), Mectronic Medicale (Italy), EMS Physio Ltd. (UK), Whitehall Manufacturing (US), Zimmer MedizinSysteme GmbH (Germany), Zinex Inc. (US), STORZ Medical AG (Swotzerland), Life Care Systems (India), and Mettler Electronics Corp. (US).

The physiotherapy equipment market research report categorizes the market into the following segments and subsegments:

By Product

Equipment Electrotherapy Equipment Ultrasound Equipment Exercise Therapy Equipment Cryotherapy Equipment Combination Therapy Equipment Continuous Passive Motion Therapy Equipment Shockwave Therapy Equipment Laser Therapy Equipment Traction Therapy Equipment Magnetic and Pressure Therapy Equipment Other Physiotherapy Equipment

Accessories Physiotherapy Furniture Physiotherapy Tapes and Bandages



By Application

Musculoskeletal Applications

Neurological Applications

Cardiovascular & Pulmonary Applications

Pediatric Applications

Gynecological Applications

Other Applications

By End-User

Physiotherapy & Rehabilitation Centers

Hospitals

Home Care Settings

Physician Offices

Other End Users

By Region

North America US Canada

Europe

Asia Pacific

Rest of the World (RoW)

Recent Developments

In 2019, Colfax Corporation (US) acquired DJO Global (US). Through the acquisition Colfax Corporation will provide physical therapy and orthopedic products under the DJO brand.

In July 2018, Mectronic Medicale (Italy) launched Doctor Tecar XP, an electromagnetic tecar therapy stimulator.

In April 2018, DJO Global (US) entered into a strategic partnership with XPO Logistics (US) to manage portions of DJO�s North American distribution operations. Under this partnership, DJO opened a state-of-the-art distribution center in Dallas�Fort Worth, Texas, which is being managed by XPO.

In February 2018, EMS Physio Ltd. (UK) launched NeuroTrac PelviTone Dual-channel Stimulator.

Frequently Asked Questions (FAQ):

Which are the top industry players in the global physiotherapy equipment market? The top market players in the Physiotherapy Equipment Market include DJO Global (US), BTL Industries Inc. (US), Performance Health (US), ITO Co., Ltd. (Japan), Enraf-Nonius B.V. (Netherlands), Dynatronics Corporation (US), Mectronic Medicale (Italy), EMS Physio Ltd. (UK), Whitehall Manufacturing (US), Zimmer MedizinSysteme GmbH (Germany), Zinex Inc. (US), STORZ Medical AG (Swotzerland), Life Care Systems (India), and Mettler Electronics Corp. (US). What are the technological advancements in the physiotherapy equipment market? Players in the physiotherapy equipment market are increasingly focusing on technological advancements and developing new products to bring out advanced and easy-to-use devices. Advancements such as virtual reality, robotics, exoskeletons, implanted devices, and interactive video games are expected to provide a wide range of opportunities for market players. Which physiotherapy equipment products have been included in this report? This report includes the following types of equipment: Electrotherapy Equipment, Ultrasound Equipment, Exercise Therapy Equipment, Cryotherapy Equipment, Combination Therapy Equipment, Continuous Passive Motion Therapy Equipment, Shockwave Therapy Equipment, Laser Therapy Equipment, Traction Therapy Equipment, Magnetic and Pressure Therapy Equipment, Other Physiotherapy Equipment. Which geographical region is dominating the physiotherapy equipment market? The global physiotherapy equipment market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). In 2019, Europe accounted for the largest share of this market, followed by North America. The major drivers for the growth of this market are the rising geriatric population, increasing inclination for active lifestyles, the penetration of physiotherapy services, and favorable healthcare reforms.

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