The Sweden physiotherapy market size was valued at $192 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022 to 2030 and will reach $302 Mn in 2030. Sweden's physiotherapy market is expected to grow due to the emphasis on preventative care. The market is segmented by Product Type, Application Type, and End User. The major players in the Sweden physiotherapy market are Eleve, Medtronic, Physiomed, and others.
The Sweden physiotherapy market size was valued at $192 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5.85% from 2022 to 2030 and will reach $302 Mn in 2030. Sweden's GDP per capita in 2020 was around $56,500, which is one of the highest in the world. In terms of healthcare expenditure, Sweden's government spends around 9.2% of its GDP on healthcare, which is relatively high compared to other countries. The Swedish healthcare system is based on the principles of universality and accessibility, and healthcare is financed through taxes. The system is designed to provide comprehensive coverage to all citizens, regardless of their income or employment status.
In Sweden, people are becoming more and more aware of the advantages of physiotherapy, which is leading to a rise in the use of these treatments. Hospitals, clinics, and private offices are just a few of the places where physiotherapy treatments can be delivered. For patients who are unable to visit a clinic, many physiotherapists also provide home-based services.
Market Growth Drivers
Market Restraints
Sweden has a relatively high level of physiotherapy utilization, however, some specific treatments may not be fully covered by the national health insurance program, meaning that patients may have to pay out of pocket. Furthermore, some patients may not be aware of the benefits of physiotherapy and may not seek out treatment.
Reimbursement and pricing policies are subject to change, and these can impact the market and the utilization of physiotherapy services
Key Players
Policy changes and Reimbursement scenario of Sweden Physiotherapy Market
In Sweden, physiotherapy devices are regulated by the Medical Products Agency (MPA). The MPA is responsible for evaluating and approving medical devices, including physiotherapy devices, for use in Sweden. In order to be sold or used in the country, a physiotherapy device must be approved by the MPA and bear the CE mark, which indicates that the device meets EU safety, health, and environmental protection requirements. Additionally, physiotherapy devices must be used by a qualified physiotherapist, who must follow the manufacturer's instructions and guidelines for use of the device.
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
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.
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
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.
Methodology for Database Creation
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