Italy Physiotherapy Market Analysis

Italy Physiotherapy Market Analysis


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The Italy physiotherapy market size was valued at $1.27 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.35% from 2022 to 2030 and will reach $1.93 Bn in 2030. Italy physiotherapy market is expected to grow due to, an increase in chronic diseases, an aging population, and a growing focus on preventative care. The market is segmented by Product Type, Application Type and End User. The major players in the Italy physiotherapy market are Tecno-Gaz, Tecno-Med, Medel, Alfa Medical, Elleci Medical Equipment, and others.

ID: IN10ITHS016 CATEGORY: Healthcare Services GEOGRAPHY: Italy

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Italy Physiotherapy Market Executive Summary

The Italy physiotherapy market size was valued at $1.27 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.35% from 2022 to 2030 and will reach $1.93 Bn in 2030.    Italy has a publicly-funded healthcare system, which is financed through a combination of government funding and social security contributions. The healthcare system in Italy is considered to be one of the best in Europe, and the country spends a significant amount of money on healthcare each year.According to data from the World Health Organization (WHO), Italy's healthcare expenditure as a percentage of GDP was around 8.8% in 2018. This puts Italy slightly above the European Union average of 8.5%.Additionally, Italy's total healthcare expenditure per capita was $3,973 in 2018, which is higher than the average for the European Union.

In Italy, there is a growing awareness of the benefits of physiotherapy among the Italian population, which is driving an increase in the utilization of these services.Physiotherapy services can be provided in a variety of settings, including hospitals, clinics, and private practices. Many physiotherapists also offer home-based services to patients who are unable to visit a clinic.

Italy Physiotherapy Market Analysis

Market Dynamics

Market Growth Drivers

Italy has an aging population, with a significant proportion of the population over the age of 65. According to the National Institute of Statistics (ISTAT), in 2020, around 22% of the population was aged over 65, and it's estimated that by 2065 this figure will rise to around 38%.An aging population brings with it a number of challenges, including increased demand for rehabilitation services, particularly for chronic conditions such as arthritis and back pain, and a strain on the pension system. Hence the demand for physiotherapy in Italy has increased.

Moreover, in Italy, the most common chronic diseases are cardiovascular diseases, cancer, and diabetes. These conditions are often accompanied by musculoskeletal disorders, such as back and joint pain, which can be effectively treated with physiotherapy.Chronic respiratory diseases, such as asthma and chronic obstructive pulmonary disease (COPD), are also prevalent in Italy and physiotherapy can help to improve lung function and reduce symptoms.Osteoarthritis and rheumatoid arthritis are also common chronic conditions in Italy and physiotherapy play a significant role in managing the pain, stiffness and improving the overall function of the affected joints.Physical inactivity, unhealthy diet, and smoking are considered major risk factors for chronic diseases in Italy. Hence Italy physiotherapy market will grow during the forecast period.

Additionally, the expansion of the physiotherapy industry in Italy is being driven by the rise in the number of people who are health-conscious and wish to keep their freedom and mobility. Furthermore, the expansion of the physiotherapy business in Italy is being fueled by the rise in sports injuries, particularly among younger people.

Market Restraints

The reimbursement rates for physiotherapy services are quite low, which may restrict access to these treatments for some patients, despite the fact that physiotherapy is covered by the national healthcare system in Italy and patients are often compensated for a percentage of the treatment costs. Despite the fact that physiotherapy treatments are accessible in Italy, access to these services can occasionally be restricted, especially in remote or underserved areas which will hamper the physiotherapy market in the country.

Competitive Landscape

Key Players

  • Tecno-Gaz (ITA)
  • Tecno-Med (ITA)
  • Medel (ITA)
  • Alfa Medical (ITA)
  • Elleci Medical Equipment (ITA)
  • Fisiosan (ITA)
  • FisioCare (ITA)
  • FisioSport (ITA)
  • EMS Physio Ltd.
  • DJO Global, Inc.
  • Dynatronics Corporation, Inc.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Italy Physiotherapy Market

In Italy, the regulation of physiotherapy equipment and services is the responsibility of the Ministry of Health and the National Order of Physiotherapists (Fisioterapisti Ordine Nazionale - FNO).The Ministry of Health is responsible for ensuring that physiotherapy equipment and services meet the necessary safety and performance standards. This includes regulations on the design, manufacture, and distribution of physiotherapy equipment, as well as regulations on the use of physiotherapy equipment and services in healthcare settings.

The FNO also plays a role in the regulation of physiotherapy equipment and services, by ensuring that physiotherapists are properly trained to use the equipment and by setting standards for the use of equipment in the practice of physiotherapy.Companies that manufacture and supply physiotherapy equipment in Italy must comply with the regulations of the Ministry of Health, which includes regulations on product safety, performance, and labeling, as well as regulations on the distribution and marketing of their products.

Physiotherapy services, such as those provided by physiotherapy companies, are also subject to regulation by the Ministry of Health, which is responsible for ensuring that they meet the necessary standards of care and safety.

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”.

 

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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.

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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

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  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 17 January 2023
Updated by: Shivam Zalke

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