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The global physiotherapy market size is estimated to grow by USD 4,592.09 million at a CAGR of 4.17% between 2022 and 2027.
The rising number of healthcare providers such as diagnostic centers, clinics, hospitals, and patient care centers due to improved healthcare services. Physiotherapy services and therapies are used in hospitals and medical services to treat various medical conditions during the recovery phase. A patient with reduced mobility of certain parts of the body, such as the arms, legs, shoulders, and neck, due to an injury to muscle tissue or joints, will need physical therapy. In addition, to meet growing demand, healthcare providers are expanding their capabilities in services, devices, and products, opening up greater opportunities for manufacturers and providers. providing physical therapy products, which in turn will drive the growth of the global market during the forecast period.
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
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The market share growth by the musculoskeletal segment will be significant during the forecast period. By providing an examination, therapy, and guidance, physiotherapy may treat joint injuries. Physical therapy may also help to improve the healing process and reduce swelling. Musculoskeletal physiotherapy is a form of physiotherapeutic treatment for injuries and problems with the muscles, joints, or other tissues. A wide range of injuries is treated with physical therapy in the musculoskeletal system, which includes ligament therapies, muscle strains, arthritis, bone tears, fractures, and rehabilitation after surgery.
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The musculoskeletal segment was valued at USD 5,216.59 million in 2017. To optimize wound healing and accelerate recovery, many injuries may need to be evaluated and treated with musculoskeletal physical therapy. The physiotherapist will set goals and develop an appropriate rehabilitation plan based on the results of the assessment. A musculoskeletal physiotherapist may use a variety of treatment techniques, including exercise therapy, manual therapy, and self-management strategies. Furthermore, the most common causes that patients have to consult with physiotherapists are common musculoskeletal problems such as lower back pain, so expect to promote musculoskeletal physiotherapy thereby driving the global market during the forecast period.
Physiotherapists use a variety of therapies such as hydrotherapy, cryotherapy, and heat therapy. These practitioners work not only in hospitals but also in various independent clinics to deal with patients' problems and provide needed services. The prevalence of lifestyle-related diseases such as diabetes, obesity, cardiovascular disorders, and stroke is increasing due to people's unhealthy lifestyles. This has led to an increase in the number of patients and a higher need for treatment during the healing phase of these diseases. Hence, the increasing application of this service in the treatment of various diseases such as cardiovascular disorders and many others will fuel the growth of the market during the forecast period.
Physiotherapy services include the use of a variety of manual and digital equipment for patients with health conditions, such as neurological disease, musculoskeletal problems, and cardiovascular and pulmonary disease. Various physiotherapeutic treatments, using devices such as continuous passive motion (CPM) devices, ultrasound machines, and electrical muscle stimulators, are offered to reduce pain and improve performance mobility. In addition, an increase in the patient population has resulted in an increase in the number of healthcare providers providing inpatient neurology services, as well as an increase in the number of hospitals and clinics. examination. As a result, the demand for medical equipment has increased which in turn will drive the growth of the market during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The market is driven by the presence of well-developed healthcare institutions and the higher disposable income of the people, which makes the best healthcare affordable. The increase in cases has led to the development of supportive healthcare services, such as increased hospital stays, use of clinical and diagnostic services, and home care services.
Furthermore, the market is also driven by significant investments and strong awareness of these services in developed countries, such as the US. The US has invested heavily in the R&D of many physical therapy products and devices. It is also home to a number of market players, making it an important market in the region. Hence, such factors are expected to drive market growth in the region during the forecast period.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
BTL Group: The company offers physiotherapy products such as ME4600 3-section therapeutic table, 6D Action massage, and Sonicator Plus therapeutic ultrasound devices.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
Rising applications are the key factor driving the growth of the market. Physiotherapists focus on both prevention and rehabilitation. This treatment is used for problems caused by injury, disease, or disability. Physiotherapy is applied to treat many diseases. Patients see physical therapy as a permanent solution.
Moreover, some conditions that require physical therapy treatment include back pain, bones, joints, muscles, and ligaments problems, lung problems such as asthma, defects caused by heart problems and heart problems, pelvic pain, loss of mobility, muscle stiffness, and loss of muscle strength. Hence, the increasing application in health therapies will drive the growth of the market during the forecast period.
Advancement in healthcare facilities is the primary trend in the market. There is a growing demand from those who avail benefits from healthcare facilities and willing to increase healthcare spending on various treatments, such as disease diagnosis, hospital treatment, and post-treatment care services. Advances in healthcare facilities and patient care are increasing the supply of services in hospitals.
In addition, physical therapy uses a variety of therapies and devices to improve muscle mobility and control pain without the use of drugs. This leads to raised demand for these products and devices which will boost the growth of the global market during the forecast period.
Prolonged recovery time is a challenge that affects the growth of the market. Physiotherapy does not include surgery or the use of drugs to treat diseases and disorders. It helps to cure health problems through various exercises and therapies. However, unlike surgical treatment and medication, physical therapy treatment requires more time.
Furthermore, it cannot be used in a life-threatening emergency, such as an accident, burn, or multi-bone fracture. Such limitation reduces the number of patients (compared with surgical or drug treatment) and the subsequent need for physical therapy equipment. This reduced consumption may impede the growth of the global market during the forecast period.
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The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is witnessing significant growth driven by various factors, including the rising prevalence of cardiovascular, neurological, and musculoskeletal diseases, exacerbated by improper eating habits and stressful lifestyles. As the aging population increases, the demand for physiotherapy devices and services, particularly in rehabilitation centers offering inpatient treatments, continues to rise. Physiotherapy plays a crucial role in addressing nerve-related conditions, neurodegenerative illnesses, and disabilities, improving thinking and speech-motor abilities. In established economies, physiotherapy is increasingly recognized as an essential component of holistic healthcare, providing effective rehabilitation and improving quality of life for individuals affected by a range of medical conditions. As awareness grows, the market is expected to expand further, offering innovative solutions to meet evolving healthcare needs.
Physiotherapy Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.17% |
Market growth 2023-2027 |
USD 4,592.09 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.43 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 36% |
Key countries |
US, Canada, Denmark, China, and India |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accord Medical Products Pvt. Ltd., AmeriCare Physical Therapy, CB Physiotherapy, Dr Spine Chiropractic Clinic, Dynatronics Corp., Elam Sports Inc., Enovis Corp., GymnaUniphy NV, Kids Clinic India Private Ltd, Mettler Electronics Corp., Minsu Healing Oasis LLC, Zelus Health Care, Zimmer MedizinSysteme GmbH, A. Algeo Ltd., Arch Physiotherapy Clinic, BTL Group, EMS Physio Ltd., FullMotion Physical Therapy, PT Health, and HMS Medical Systems |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
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