Global Physiotherapy Market Analysis

Global Physiotherapy Market Analysis


$ 3999

The global physiotherapy market size was valued at $15.35 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 16.3% from 2022 to 2030 and will reach $51.37 Bn in 2030. The Global physiotherapy market is expected to grow due to an increase in the number of people suffering from chronic conditions including diabetes and obesity as well as an ageing population. The market is segmented by Product Type Application Type and End User. The major players in the Global physiotherapy market are PhysioGlobal, BTL, EMS Physio Ltd., Dynatronics Corporation, RICHMAR, and others.

ID: IN10GLHS016 CATEGORY: Healthcare Services GEOGRAPHY: Global

Buy Now

Global Physiotherapy Market Executive Summary

The Global physiotherapy market size was valued at $15.35 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 16.3% from 2022 to 2030 and will reach $51.37 Bn in 2030. The cost of healthcare worldwide was $7.7 trillion, or around 10% of the world's gross domestic product. The amount spent on healthcare varies greatly by nation, with some nations devoting a bigger share of their GDP to it than others. Due to the fact that residents of high-income nations can afford more expensive healthcare services, these nations typically have greater healthcare costs. One of the greatest levels of healthcare spending in the world, for instance, is in the United States, where it accounts for about 18% of the GDP.

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 global physiotherapy market is a rapidly growing industry, driven by factors such as an aging population, increasing prevalence of chronic conditions, and growing awareness of the benefits of physiotherapy.

global physiotherapy market analysis

Market Dynamics

Market Growth Drivers

Due to an increase in the number of people suffering from chronic conditions including diabetes and obesity as well as an ageing population, the global market for physiotherapy is expected to expand in the upcoming years. Opportunities for physiotherapists and physiotherapy clinics in the nation are anticipated to result from this rise in demand for physiotherapy services.

The global market for physiotherapy could be impacted by a number of things. These include the accessibility of licensed physical therapists, the price of physiotherapy treatments, and the extent of physiotherapy insurance coverage. The market may also be impacted by the adoption of new technologies, such as telehealth.

Market Restraints

The global physiotherapy market may be constrained by a number of factors, such as limited 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

  • BTL
  • EMS Physio Ltd.
  • Dynatronics Corporation
  • RICHMAR
  • Performance Health
  • Storz Medical AG
  • Zimmer MedizinSysteme GmbH
  • ITO Co., Ltd.
  • Enraf-Nonius B.V.
  • Whitehall Manufacturing

Healthcare Policies and Regulatory Landscape

In the United States, the regulation of physiotherapy equipment is primarily handled by the Food and Drug Administration (FDA) and the Federal Trade Commission (FTC). The FDA is in charge of making those medical products, including physiotherapy equipment, effective and safe. Depending on the level of risk they present to patients, medical devices are categorized into a variety of classes, and each class has its own set of rules. For instance, while Class III devices, which present the most risk, are subject to the strictest rules, Class I devices, which present the lowest risk, are subject to the least degree of control. The FTC is in charge of making sure that physiotherapy equipment labels and advertisements are accurate and not deceptive.

In Canada, physiotherapy equipment is regulated by Health Canada, the federal government department responsible for ensuring that medical devices are safe and effective for use. Health Canada regulates the manufacture, import, and sale of medical devices in Canada through the Medical Devices Regulations. According to these regulations, manufacturers and importers of medical devices, including physiotherapy equipment, must obtain a Medical Device Establishment License (MDEL) from Health Canada before they can legally sell their products in Canada. The MDEL ensures that the manufacturer or importer has the necessary quality management system in place to ensure the safety and effectiveness of the devices they produce or import.

In China, the regulation of physiotherapy services and equipment is primarily handled by the National Health Commission (NHC) and the State Administration of Traditional Chinese Medicine (SATCM). The NHC is responsible for ensuring the safety and effectiveness of medical devices, including physiotherapy equipment.

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, namely, 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). Owing to the increasing use of electrotherapy equipment in the treatment of musculoskeletal disorders and owing to 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
     

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 31 May 2023
Updated by: Ritu Baliya

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up