Physical Therapy Equipment Market Analysis Explosive Growth Opportunity, Latest Trends, Positioning, Challenges, Potential Benefits till 2022- 2030
Research Reports
May 25, 2022
Market overview
The trends suggest that the physical therapy equipment market is expected to register a CAGR of 7.2% during the forecast period.
The COVID-19 pandemic has caused major destruction in the delivery of healthcare routines across the world. Furthermore, COVID-19 has posed limitations for many patients to access standard health services, like visits to healthcare professionals, medications, diagnosis, and attendance at cardiac rehabilitation. It has adversely impacted the ability of both the patients and practitioners to adhere to treatment guidelines. Moreover, the potential number of surgeries has come down during the lockdown, decreasing the post-surgery rehab physical therapy, which has impacted the market growth.
The increasing incidences of cardiovascular disorders and neurological disorders and the growing geriatric population have stimulated the demand for physical therapy equipment worldwide. According to World Population Ageing 2019 (United Nations, 2019), the world’s older population grows rapidly. There were about 703 million population aged 65 years or over in the world during the forecast period that had ended in 2019. These older adults are projected to double to 1.5 billion by 2050. Worldwide, the share of the older population over 65 increased from 6% in 1990 to 9% in 2019. As the older population is increasing, the population is prone to orthopedic disorders, which is expected to drive the market in the future.
As per the information related to the 2020 updates of WHO, ischemic heart disease was responsible for 16% of the world’s total deaths. Since the beginning of the 21st century, the most significant increase in fatalities has been for ischemic heart disease, rising by more than 2 million to 8.9 million deaths in 2019.?
Market segmentation
The physical therapy equipment market has been segmented in the equipment type into hydrotherapy, electrotherapy, continuous passive motion units, and others like multi-exercise therapy unit, heat therapy, ultrasound, and other equipment types
Based on the application, the global market is segmented into cardiovascular and pulmonary, neurological, musculoskeletal, and other applications, and based on the end-user into hospitals, rehabilitation centers/clinics, and homes.
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Regional analysis
The United States accounts for the major market share in the North American physical therapy market and is expected to continue with a similar trend during the forecast period. This region’s demographics favor a sustained growth in the number of patients seeking or requiring rehabilitation services. Spine and back-related disorders hold a significant share of musculoskeletal problems. As per one of the 2017 surveys conducted in the United States by the National Centre for Health Statistics, pain from any muscle, joint, or bone was reported by 52.1% among people aged 18 years and older, and lower back pain was the most common, affecting 28.6% of the people.
Some prominent market players are as follows:
- BTL Industries
- Zynex Medical Inc.
- EMS Physio
- Enraf-Nonius BV
- DJO Global
Industry news
The market for physical therapy equipment is increasing with an increase in the number of physiotherapists. The physical therapy profession is widely accepted and liked by people, augmenting the rise in the number of physiotherapists. As per the World Confederation for Physical Therapy, around 217,619 physical therapists were there in the United States during the year the historic year of 2019, and among those, 65% were females.
Competitive Landscape Analysis
Enraf-NoniUS B.V (Europe)
Dynatronics Corporation (US)
DJO Global, Inc. (US)
BTL Industries (US)
Mectronic Medicale (Europe)
EMS Physio (UK)
ITO Co. Ltd (Japan)
Performance Health (Subsidiary of Madison Dearborn Partners) (US)
Colfax Corporation (US)
Whitehall Manufacturing (US)
Zimmer Medizinsysteme GmbH (Germany)
STORZ MEDICAL (US)
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