Market Trends of Acoustic Medicine And Ultrasound Therapy Industry
Physiotherapy Centers to show Lucrative Growth Opportunities in the Acoustic Medicine and Ultrasound Therapy Market
- Physiotherapy centers provide services that can be defined as a treatment method that focuses on movement and helps people to restore, maintain, and maximize their physical strength, function, motion, and overall well-being by addressing the underlying physical issues. Acoustic medicines and ultrasound therapy are often provided in physiotherapy centers for the rehabilitation and treatment of various diseases. The major factors driving the growth of the segment are the increasing incidences of osteoarthritis and injuries coupled with the rising geriatric population and the rising adoption of ultrasound therapy and acoustic medicine in physiotherapy centers.
- For instance, according to an article published by Arthritis & Rheumatology in March 2022, osteoarthritis has remained a major public health concern worldwide over the past few decades, and the prevalence of osteoarthritis is said to have increased, and it has diversified by geographic location and affected joints. As we know, physiotherapy encompasses various procedures that utilize therapeutic exercises and physical modalities and are aimed at the preservation, enhancement, or restoration of physical function impaired by disease, injury, or disability. Hence, the current high rate of injury and musculoskeletal disorders in developed countries, along with increasing incidences of the same in developed and developing countries, is expected to drive the growth in demand for acoustic medicine and ultrasound therapy across the world.
- An aging population and the increasing prevalence of cardiovascular, neurological, and musculoskeletal diseases are likely to propel the segment's growth. For instance, according to the data updated by World Health Organization (WHO) in 2022, an estimated 1.71 billion people have musculoskeletal conditions worldwide, and population growth and aging are major factors that are increasing musculoskeletal disorders. Hence, the rising geriatric population is one of the major factors driving the growth of the segment.
- Thus, the above-mentioned factors, such as the rising prevalence of osteoarthritis and sports injuries and the rising geriatric population, are expected to boost the growth of the market.
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North America is Expected to Hold a Significant Share in the Acoustic Medicine and Ultrasound Therapy Market Market
- North America is expected to hold a significant share of the market, mainly due to the high frequency of sports injuries occurring in the region. Injuries in the knee (Patellofemoral Syndrome), shoulder, elbow, sciatica, and hamstring strain (muscle or tendon) are the most common sports injuries in the United States.
- For instance, according to the National Spinal Cord Injury Statistical Center report in 2022, the annual incidence of traumatic spinal cord injury (SCI) in 2021 is approximately 54 cases per one million people in the United States, which equals about 18,000 new SCI cases each year. The estimated number of people with SCI living in the United States in 2021 is approximately 299,000 persons, with a range from 253,000 to 378,000 persons. Thus, the increasing participation of children in sports and the increasing number of injuries during sports activity is generating the need for this product for treatment.
- With the rising number of injuries, the usage of acoustic medicine and ultrasound therapy is also expected to increase in the region. For instance, In August 2021, according to Stanford Children's Hospital, approximately 3.5 million injuries occurred each year due to sports in children and adults in the United States alone, which caused a loss of time participation. One-third of the injuries that occur in childhood are sports-related, among which sprains and strains are the most common. The data clearly illustrates the requirement for a method that can cure chronic pain in a natural but effective way, and this increases the need for sustained acoustic medicine.
- The presence of highly developed healthcare infrastructure, high patient awareness levels, a large population of athletes, and sports-related injuries, as well as a growing geriatric population in the region. For instance, according to an article published by Frontiers in November 2022, it is estimated that in Canada, more than 86,000 people are affected by spinal cord injuries every year from either a traumatic (e.g., fall) or non-traumatic injury (e.g., tumor). Thus, the rising injuries in Canada are driving the product demand.
- Furthermore, the presence of technologically advanced products is also enhancing the market growth. For instance, the SAM Pro 2.0 is the first and only Food Drug Administration (FDA) cleared wearable low-intensity ultrasound device delivering multi-hour treatment to accelerate healing and improve function for musculoskeletal injuries (muscle, tendon, ligament) and reducing chronic pain (without opioid pain medication).
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