Physiotherapy Equipment MarketSize and Trends

Global physiotherapy equipment market is estimated to be valued at US$ 24.66 Bn in 2023, exhibiting a CAGR of 6.9% during the forecast period (2023-2030).

Figure 1. Global Physiotherapy Equipment Market Share(%), By Application, 2023

Global Physiotherapy Equipment Market – Drivers

Increasing Prevalence of Musculoskeletal Injuries

Increasing prevalence of musculoskeletal injuries is expected to drive the market growth over the forecast period. For instance, in March 2023, according to data published by The Journal of Bone and Joint Surgery, a biweekly peer reviewed medical journal in the field of orthopedic surgery, 1,645 responding orthopaedic surgeons (7% response rate) reported a total of 2,702 work-related musculoskeletal injuries, and 17.9% in U.S., which required surgical treatment.

Global Physiotherapy Equipment Market- Cross Sectional Analysis

In application segment, the musculoskeletal segment held a dominant position in North America region due to increasing number of musculoskeletal injuries among athletes and workers. For instance, in August 2022, an article was published by the ScienceDirect, a scientific and medical publication, a survey was conducted at II trauma center in Kuwait retrospectively reviewed from January 2018 to February 2020. The study included 564 patients with 788 traumatic injuries who were 33.0 (23.0) years of age (median and interquartile range) 78.0% were male, and 43% were Kuwaitis. Spinal fractures were the most prevalent injury, at 21.7%, followed by tibial fractures, at 11.3%, and ankle fractures, at 10.2%.

Global Physiotherapy Equipment Market- Regional Analysis

Among region, the Asia pacific region is expected to hold the second dominant position after North America in the global physiotherapy equipment market over the forecast period. For instance, in December 2021, according to data published by the Clinical Trials Arena, The Asia Pacific region has seen a 158% increase in the number of musculoskeletal disorders trials taking place over the past decade, which is the the largest increase for any region worldwide.

Global Physiotherapy Equipment Market- Key Trends

Increasing Prevalence of Work-related Musculoskeletal Disorders

Increasing prevalence of work-related musculoskeletal disorders and risk associated with the psychological and physical factors is expected to drive the global physiotherapy equipment market growth over the forecast period. For instance, in September 2021, according to data published by the National Center for Biotechnology Information (NCBI), according to that, a survey was conducted which shows the prevalence rates (%) of musculoskeletal complaints or discomfort for 13 different parts of the body over 12 months among hospital nurses. More than three-quarters of the respondents had experienced symptoms in the lower back (86.7%), ankle/feet (86.7%), neck (86.0%), shoulder (85.3%), lower legs (85.0%), upper back (84.3%), knees (77.3%) and thighs (73.7%) in the previous 12 months. Moderate prevalence (less than 70%) of trouble was found for hip (66.0%) and forearm pain (61.7%), in Malaysia.

Global Physiotherapy Equipment Market- Key Developments

Increasing product launches by the key market players is expected to drive the global physiotherapy equipment market growth over the forecast period. For instance, in November 2022, Koninklijke Philips N.V., one of the leading health technology providing company, announced the global launch of a next-generation compact portable ultrasound solution at the Radiological Society of North America (RSNA) annual meeting.

Global Physiotherapy Equipment Market- Segmentation

Global physiotherapy equipment market is segmented into product, application, end user, and region

Based on Product, the market is segmented into equipment (hydrotherapy, cryotherapy, continuous passive motion (CPM), electric stimulation, heat therapy, therapeutic exercises, ultrasound) and accessories. Out of which, the equipment segment is expected to dominate the global physiotherapy equipment market during the forecast period.

Based on Application, the global physiotherapy equipment market is segmented into musculoskeletal, neurology, cardiovascular and pulmonary, pediatric, and others. Out of which, the musculoskeletal and pulmonary segment is expected to hold a dominant position in the global physiotherapy equipment market over the forecast period. Due to increase in the musculoskeletal injuries.

Based on End User, the global physiotherapy equipment market is segmented into hospitals, clinics, and others. Out of which, the hospitals segment is expected to hold a dominant position in the global physiotherapy equipment market over the forecast period. Due to increase in the number of hospitals.

Based on Region, the global physiotherapy quipment market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Out of which the North America region is expected to hold a dominant position in the global physiotherapy equipment market.

Global Physiotherapy Equipment Market- Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others faced problems regarding transportation of drugs from one place to another.

COVID-19 affected the market negatively, during the pandemic most of the rehabilitative centers were shut down.