Physiotherapy Equipment Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 21.64 Billion |
| Market Size (2029) | USD 29.52 Billion |
| CAGR (2024 - 2029) | 6.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Physiotherapy Equipment Market Analysis
The Physiotherapy Equipment Market size is estimated at USD 21.64 billion in 2024, and is expected to reach USD 29.52 billion by 2029, growing at a CAGR of 6.40% during the forecast period (2024-2029).
COVID-19 impacted the studied market owing to the reduction in physiotherapy clinic visits and supply chain disruptions of the equipment. For instance, an article published in Work Journal in 2022 stated that out of the total surveyed physiotherapists, 62.9% suspended their services while 37% of all participants worked without suspending their services during the pandemic. Also, clinics and home visits of physiotherapists were suspended during the pandemic. Therefore, due to the high chances of physical contact among physiotherapists, equipment, and patients, leading to COVID-19 transmission, the physiotherapy equipment market slightly declined during the pandemic. However, the market recovered in the last few years due to the increasing use of physiotherapy equipment for COVID-19, musculoskeletal, and other diseases requiring physiotherapy for movement and other daily activities.
The increasing incidence of cardiovascular, musculoskeletal, and neurological disorders and the increasing demand for rehabilitation after surgeries, chemotherapy, and radiation are expected to stimulate the demand for physiotherapy equipment worldwide.
The musculoskeletal disorder leads to restricted mobility and is a major contributor to disability. For instance, according to the article published in the Annals of Medicine and Surgery in December 2021, the prevalence of work-related musculoskeletal disorders among the surveyed participants of North West Ethiopia was 64.2%. Additionally, according to Work-Related Musculoskeletal Disorders statistics, around 470 thousand people suffered from work-related musculoskeletal disorders which were new or long-standing in Great Britain, in 2021. Therefore, the high burden of musculoskeletal disorders and arthritis is expected to increase the need for physiotherapy equipment, thereby accelerating market growth.
Furthermore, the increasing burden of neurological disorders among the population is the major factor driving the demand for physiotherapy equipment for neurology rehabilitation. For instance, an article published in July 2022 in the International Journal of Environmental Research and Public Health stated that the most used physiotherapy procedures in elderly with neurological disorders are balance and gait training, occupational therapy, classical physiotherapy, walking and treadmill training, and upper limb robot-assisted therapy. Also, according to a WHO article published in March 2023, over 55 million people have dementia worldwide currently. As per the same source, nearly 10 million new cases are diagnosed every year. The high burden of dementia and other neurological diseases is expected to boost the demand for physiotherapy equipment to promote physical activity.
The strategic initiatives adopted by market players such as product launches and acquisitions significantly contribute to market growth. For instance, in April 2021, the National Office of Thermalism and Hydrotherapy (ONTH) launched one of the first mobile applications on hydrotherapy 'Tunisia Wellness'. Such launches boost the utility of physiotherapy equipment, thereby accelerating market growth.
Therefore, owing to the aforementioned factors such as the high burden of musculoskeletal and neurological conditions and rising product launches and acquisitions by market players, the studied market is anticipated to witness growth over the analysis period. However, the lack of trained and skilled personnel and inadequate reimbursement policies is estimated to restrain the market growth.
Physiotherapy Equipment Market Trends
The Musculoskeletal Segment is Expected to Witness Healthy Growth During the Forecast Period
The musculoskeletal segment is projected to witness significant growth in the market over the forecast period owing to the rising geriatric population, the increasing prevalence of musculoskeletal disorders, technological advancements, and product launches.
According to a WHO article updated in July 2022, approximately 1.71 billion people have musculoskeletal conditions worldwide. Additionally, as per Versus Arthritis 2022 article, 20.3 million people had a musculoskeletal condition such as arthritis or back pain in the United Kingdom in 2021. Therefore, the high burden of musculoskeletal disorders is expected to boost the demand for innovative physiotherapy equipment for treating such movement disorders. Furthermore, common musculoskeletal disorders, like lower back pain are the most common reasons for patients visiting physiotherapists, which is expected to drive market growth.
Furthermore, rising launches and partnerships among market players to strategically introduce new technologies into the market also support market expansion. For instance, in September 2021, IncludeHealth launched MSK-OS, a new musculoskeletal operating system that emphasizes virtual physical therapy. The latest release is a result of a partnership between Google and ProMedica Health Systems. Also, in March 2022, CSP worked with other professionals on the new toolkit's creation. It offers best-practice clinical guidelines to promote service recovery and transformation opportunities for patients with shoulder pain, sciatica, hip and knee osteoarthritis, spinal pain, and all other MSK pathway conditions in primary and community care settings.
Moreover, in August 2022, The Assam Down Town University (AdtU) inaugurated new physiotherapy program labs, including Gait Lab, an Electromyography studies lab, and a Pulmonary function test lab with spirometers. Electromyography labs will provide diagnostics to rule out any musculoskeletal complications. Such developments ultimately expand the segment's growth during the forecast period.
Thus, the aforementioned factors such as the high burden of musculoskeletal disorders and rising launches and partnerships among the market players are expected to boost the segment growth over the forecast period.
North America is Expected to Hold a Significant Share in the Physiotherapy Equipment Market During the Forecast Period
North America is expected to dominate the market owing to factors such as the rising burden of cardiovascular and musculoskeletal diseases, increasing research activities, product launches, partnerships, and acquisitions along with the high concentration of market players in the region.
The high burden of cardiovascular diseases and arthritis in the region, coupled with the rising number of patients with neurological and musculoskeletal diseases have driven the market for physiotherapy equipment. For instance, according to the National Center for Health Statistics, 2022 update, the percentage of coronary heart disease among adults aged 18 years and over in the United States increased to 4.9% in 2021 as compared to 4.6% in the previous years. Also, according to the report published by SingleCare in January 2022, rheumatoid arthritis affects more than 1.36 million adults in the United States every year. Therefore, the high burden of such diseases is likely to create demand for physiotherapy equipment for the management of such diseases.
Besides, the rising research activities in the region for the development of advanced physiotherapy equipment are expected to accelerate the market during the upcoming years. For instance, in an article published in the journal Science Advances in February 2023, researchers at Northwestern University developed an 'e-bandage' that accelerated healing by 30% through the delivery of electrotherapy to the wound site in diabetic patients.
The acquisitions, partnerships, and launches by the major players to strengthen their market position in physiotherapy equipment further contribute to the market growth. For instance, in September 2022, Hyperice, a high-performance wellness brand, launched two new products within their heat therapy category, Venom Go and Venom 2, alongside HyperHeat technology for the fastest, most consistent, and even distribution of heat to relieve sore, stiff muscles and promote wellness. Such advanced launches are anticipated to boost the market growth in the region during the forecast period.
Therefore, owing to the above-mentioned factors such as the high burden of cardiovascular diseases, rising research activities, and product launches by market players, the growth of the studied market is anticipated in the North America Region.
Physiotherapy Equipment Industry Overview
The physiotherapy equipment market is moderately competitive with few major players. The development of equipment with enhanced capabilities and partnerships with local distributors for geographical expansion is a strategy of the market players. Furthermore, there is an ongoing trend of rapid consolidation, with several major players being involved in merger and acquisition activities. The major players in the market include BTL Industries, DJO Global, EMS Physio, Zynex Medical Inc., Enraf-Nonius BV, and Patterson Medical, among others.
Physiotherapy Equipment Market Leaders
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EMS Physio
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BTL industries
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Zynex Medical Inc.
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DJO Global Inc.
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Enraf-Nonius BV
*Disclaimer: Major Players sorted in no particular order
Physiotherapy Equipment Market News
- In March 2023, the government installed modern equipment such as a TENS machine, IFT muscle stimulator, traction machine, SWD, static bicycle, and cordysafe chair at the physiotherapy unit of District Hospital, Chhattisgarh (India) to cure critical cases of chronic back pain and stiffness.
- In January 2023, Hydro Physio, a United Kingdom-based manufacturer of aquatic therapy treadmills launched its new hydrotherapy system in the Middle East market at Arab Health 2023.
Physiotherapy Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Geriatric Population and Growing Incidences of Musculoskeletal, Cardiovascular, and Neurological Disorders
4.2.2 Increase in Demand for Rehabilitation after Surgeries, Chemotherapy, and Radiation
4.3 Market Restraints
4.3.1 Lack of Trained and Skilled Personnel and Inadequate Reimbursement Policies
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Equipment Type
5.1.1 Hydrotherapy
5.1.2 Electrotherapy
5.1.3 Continuous Passive Motion Units
5.1.4 Multi-exercise Therapy Unit
5.1.5 Heat Therapy
5.1.6 Ultrasound
5.1.7 Other Equipment Types
5.2 By Application
5.2.1 Cardiovascular and Pulmonary
5.2.2 Neurological
5.2.3 Musculoskeletal
5.2.4 Other Applications
5.3 By End User
5.3.1 Hospitals
5.3.2 Rehabilitation Centers/Clinics
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 BTL Industries
6.1.2 DJO Global Inc.
6.1.3 Dynatronics Corporation
6.1.4 EMS Physio
6.1.5 Enraf-Nonius BV
6.1.6 Life Care Systems
6.1.7 Patterson Medical
6.1.8 Zynex Medical Inc.
6.1.9 HMS Medical Systems
6.1.10 SEERS Medical Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Physiotherapy Equipment Industry Segmentation
As per the scope of the report, physiotherapy encompasses various procedures, which utilize therapeutic exercises and physical modalities. It is aimed at the preservation, enhancement, or restoration of physical function impaired by disease, injury, or disability. The physiotherapy equipment market report covers medical devices, such as multi-exercise therapy units, heat therapy equipment, and laser therapy units, among others. The Physiotherapy Equipment Market is Segmented by Equipment Type (Hydrotherapy, Electrotherapy, Continuous Passive Motion Units, Multi-exercise Therapy Unit, Heat Therapy, Ultrasound, and Other Equipment Types), Application (Cardiovascular and Pulmonary, Neurological, Musculoskeletal, and Other Applications), End User (Hospitals, Rehabilitation Centers/Clinics, and Other End Users), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Equipment Type | |
| Hydrotherapy | |
| Electrotherapy | |
| Continuous Passive Motion Units | |
| Multi-exercise Therapy Unit | |
| Heat Therapy | |
| Ultrasound | |
| Other Equipment Types |
| By Application | |
| Cardiovascular and Pulmonary | |
| Neurological | |
| Musculoskeletal | |
| Other Applications |
| By End User | |
| Hospitals | |
| Rehabilitation Centers/Clinics | |
| Other End Users |
| Geography | ||||||||
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Physiotherapy Equipment Market Research FAQs
How big is the Physiotherapy Equipment Market?
The Physiotherapy Equipment Market size is expected to reach USD 21.64 billion in 2024 and grow at a CAGR of 6.40% to reach USD 29.52 billion by 2029.
What is the current Physiotherapy Equipment Market size?
In 2024, the Physiotherapy Equipment Market size is expected to reach USD 21.64 billion.
Who are the key players in Physiotherapy Equipment Market?
EMS Physio, BTL industries, Zynex Medical Inc., DJO Global Inc. and Enraf-Nonius BV are the major companies operating in the Physiotherapy Equipment Market.
Which is the fastest growing region in Physiotherapy Equipment Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Physiotherapy Equipment Market?
In 2024, the North America accounts for the largest market share in Physiotherapy Equipment Market.
What years does this Physiotherapy Equipment Market cover, and what was the market size in 2023?
In 2023, the Physiotherapy Equipment Market size was estimated at USD 20.26 billion. The report covers the Physiotherapy Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Physiotherapy Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the growth opportunities in the Physiotherapy Equipment Market?
The growth opportunities in the Physiotherapy Equipment Market are a) Growing demand for preventative and personalized care b) Increased focus on home-based rehabilitation
Physiotherapy Equipment Industry Report
The global physiotherapy equipment market is on a significant upward trajectory, fueled by an upsurge in cardiovascular, musculoskeletal, and neurological conditions, alongside an escalating demand for post-surgical rehabilitation services. With the geriatric demographic expanding and chronic conditions on the rise, the necessity for comprehensive physiotherapy interventions is more acute than ever. This market encompasses a diverse array of segments with physiotherapy devices and machines such as ultrasound, electrotherapy, and cryotherapy units, designed for a wide range of treatments. Notably, the musculoskeletal segment is flourishing, driven by the extensive need to address mobility and daily activity impairments. Demand spans beyond hospitals and clinics, reaching rehabilitation centers and home care settings, highlighting the critical need for accessible physiotherapy machines. Geographically, North America dominates due to its burden of chronic ailments and robust research facilities, with the Asia Pacific also showing notable growth propelled by its aging population and healthcare investments. Key market players are spearheading progress through product innovation and strategic collaborations, tailoring advanced physiotherapy solutions to evolving patient needs. For detailed insights, Mordor Intelligence™ Industry Reports provide comprehensive analysis, including market share, size, revenue growth rate, and a forecast outlook, available as a free report PDF download.
