The global physiotherapy equipment market is comprised of various devices that help diagnose and treat physical conditions related to muscles, joints, and bones. Physiotherapy devices include equipment for electrotherapy, ultrasound therapy, exercise therapy, laser therapy, traction therapy, and others. Electrotherapy devices deliver electrical stimulation to the body for pain management and muscle strengthening purposes. Ultrasound therapy utilizes ultrasonic waves to relieve pain and reduce inflammation. Exercise therapy devices such as treadmills, stationary bikes, and weights are used to improve mobility and strengthen muscles. Laser therapy transmits light energy into tissues to accelerate healing. Traction devices help realign structures of the body like bones and muscles through gentle pulling motions. The global physiotherapy equipment market is estimated to be valued at US$ 24.66 billion in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The rising prevalence of musculoskeletal disorders worldwide represents the primary factor driving growth of the physiotherapy equipment market. Musculoskeletal conditions, which involve the muscles, bones, or joints, are among the most widespread health issues with osteoarthritis, osteoporosis, and low back pain being highly prevalent. As per statistics, around 1.71 billion people worldwide had musculoskeletal disorders in 2019. Physiotherapy plays a crucial role in both treating and managing these conditions effectively. Non-invasive techniques and exercise-based approaches offered by physiotherapy devices aid patients in pain relief and rehabilitation of mobility. The increasing geriatric population prone to orthopedic issues acts as another market driver.
Market Dynamics:
The Physiotherapy Equipment Market is Expected to be Propelled by Rising Prevalence of Musculoskeletal Disorders identified in the heading represents a key opportunity for the market’s growth over the forecast period. Another major driver propelling the physiotherapy equipment market is the growing obese population globally. Obese individuals have higher risks of developing musculoskeletal problems due to excess pressure on joints. Obesity is becoming a worldwide epidemic with over 650 million adults and 120 million children being obese according to WHO. Technological advancements in physiotherapy devices allowing for better treatment outcomes and portability of devices encourages greater adoption. Wearable physiotherapy equipment in particular has gained traction due to enhanced patient comfort.
Segment Analysis
The physiotherapy equipment market can be segmented on the basis of product into electrotherapy equipment, ultrasound equipment, exercise therapy equipment, and LASER therapy equipment. Among these, the exercise therapy equipment segment is dominating the market as it accounts for over 35% share due to rising cases of musculoskeletal disorders. Physiotherapists use different types of exercise therapy equipment such as continuous passive motion units, stationary cycling machines, treadmills, and parallels bars for mobility, stability and strengthening exercises to help patients recover from injuries and surgeries faster.
PEST Analysis
Political: Government initiatives raising awareness about preventive healthcare through physical therapy and setting up more physiotherapy centers are fueling market growth.
Economic: Rising per capita income has increased healthcare spending which is driving demand for advanced physiotherapy equipment for better treatment outcomes.
Social: Growing geriatric population prone to mobility issues and rising cases of sports injuries are key societal factors enhancing the market.
Technological: Adoption of digital technologies like robotics, virtual Reality, and biofeedback in equipment is improving patient engagement and therapy effectiveness.
Key Takeaways
The Global Physiotherapy Equipment Market Size is expected to witness high growth in the coming years.
The North American region currently dominates the market owing to advanced healthcare infrastructure and rising obesity.
Key players operating in the physiotherapy equipment market are Abbott Laboratories, Agilent Technologies, Affymetrix Inc., Beckman Coulter, Inc., Illumina Incorporated, Life Technologies Corporation, Randox Laboratories Ltd., Surfix B.V, GE Healthcare, F. Hoffmann-La Roche Ltd, and AYOXXA Biosystems GmbH. Key players like Abbott Laboratories are expanding their product portfolio through acquisitions to strengthen market presence.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
