Physiotherapy Equipment Market Set to Witness an Uptick during 2020 to 2027

Posted by Mrudula Anil Karmarkar on February 1st, 2022

The global physiotherapy equipment market size is expected to reach USD 36.3 billion by 2027, registering a CAGR of 7.7% over the forecast period, according to a new report by Grand View Research, Inc. The growing prevalence of neurological, musculoskeletal, and spinal cord disorders, early disease diagnosis, and awareness about physiotherapy are some of the factors driving the market growth.

With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.

One of the current trends in the market is the use of video games and rehabilitation robots. NINTENDO WII, a video game, has proven to be beneficial in the rehabilitation process. While playing the game, patients need to perform repetitive movements such as rolling a bowling alley ball or swinging a tennis racket, which in turn helps patients in the movement of muscles and maintains coordination between balance and movement.

The rising need for new therapies along with the commercialization of various equipment is expected to boost the market growth in the coming years. In January 2020, Quantum Cryogenics launched CryoQube, a whole-body cryotherapy chamber, due to growing demand for the therapy in U.K.

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Further key findings from the report suggest:

• The musculoskeletal application segment dominated the market in 2020 due to rising prevalence of musculoskeletal disorders and the ability of physiotherapy to prevent and reduce their adverse effects
• The cardiovascular and pulmonary application segment is expected to witness the fastest CAGR from 2020 to 2027 owing to increasing cases of cardiovascular and pulmonary diseases
• The ultrasound type segment dominated the market in terms of revenue share in 2020 and is expected to witness the highest CAGR over the forecast period, since it is one of most commonly used therapies for soft tissue lesions treatment
• The non-geriatric demographics segment accounted for the largest share in 2020 in terms of revenue due to rising cases of musculoskeletal disorders
• The hospitals and clinics segment led the market in terms of revenue share in 2020 owing to the presence of supportive infrastructure and high patient volume
• In 2020, North America held a majority of the physiotherapy equipment market share in terms of revenue in 2020 due to increasing number of baby boomers, presence of favorable government policies, and sophisticated healthcare infrastructure
• The market in Asia Pacific is expected to witness the fastest CAGR over the forecast period owing to rising population, high investment opportunities, and developing healthcare infrastructure
• Some of the key companies in the global market are DJO Global, Inc.; Patterson Medical; Isokinetics, Inc.; EMS Physio Ltd.; and BTL Industries.

The global physiotherapy equipment market size was valued at USD 19.9 billion in 2020 and is estimated to expand at a CAGR of 7.7% over the forecast period. Increasing cases of road accidents and injuries are expected to drive the demand for physiotherapy equipment. In addition, unhealthy eating habits and hectic lifestyle resulting in pain in the ligaments, nerves, muscles, back, and neck and increasing prevalence of stroke and Parkinson’s disease are likely to drive the market further. Physicians have been prescribing physiotherapy to patients due to its additional advantages, which is leading to an increased demand for physiotherapy equipment.

Physiotherapy treatments can last for a longer duration and are frequently opted at outpatient clinics. On the other hand, the inpatient physiotherapy treatments are generally provided to the patients under observation, post-surgery.

Acquisitions, collaborations and partnerships, and the development of advanced equipment are the key strategies used by market players to expand their geographical presence and increase share. For instance, dry needling (eliminate pain), robot-assisted walking, and anti-gravity treadmills for patients with spinal cord injuries, and computer-aided therapy programs for patients suffering from stroke and other Cardiovascular Diseases (CVDs) are the latest trends in the market of physiotherapy equipment.

Technological advancements and innovations by major companies are also expected to increase the demand physiotherapy equipment, thereby augmenting the market growth. Apps, such as PTGenie, are now being designed to assists patients in following their Home Exercise Programs (HEPs). In February 2016, BioGaming (Israel-based company) received the FDA approval for its YuGo Microsoft Kinect-based physical therapy system.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.