Physiotherapy Equipment Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Physiotherapy Equipment Market size was estimated at USD 20,500 million in 2023 and is projected to reach USD 35,361.75 million in 2030 at a CAGR of 8.1 % during the forecast period 2024-2030.

The physiotherapy equipment market refers to the sector that manufactures and supplies devices used for the treatment and rehabilitation of patients suffering from physical impairments, disabilities, or injuries. These devices are designed to aid in pain management, enhance mobility, and improve overall physical function. The market includes a wide range of products such as therapeutic ultrasound machines, electrical stimulation devices, exercise equipment, and manual therapy tools, all aimed at promoting healing and recovery in patients with musculoskeletal, neurological, and orthopaedic conditions. The growing emphasis on rehabilitation services, along with increasing awareness about physical therapy benefits, has bolstered the market's expansion.

The scope of the physiotherapy equipment market extends across hospitals, rehabilitation centres, sports facilities, and home care settings, with both clinical and at-home treatments becoming increasingly popular. As the global population ages and the prevalence of chronic diseases, such as arthritis, diabetes, and cardiovascular conditions, rises, the demand for physiotherapy equipment continues to grow. Additionally, technological advancements in the field, such as the integration of artificial intelligence and robotics in treatment devices, are further shaping the scope and capabilities of the market. The accessibility of physiotherapy equipment through various distribution channels, including online platforms, is also contributing to the market's expansion.

Trends in the physiotherapy equipment market include a shift towards personalized therapy solutions, which cater to individual patient needs. Wearable devices and remote monitoring technologies are gaining traction, allowing patients to receive continuous care and feedback from healthcare providers. Furthermore, there is an increasing focus on non-invasive treatments, with innovations in ultrasound therapy and electrotherapy gaining popularity for their ability to provide effective pain relief and rehabilitation without the need for surgical interventions. The demand for physiotherapy equipment is also influenced by the rising adoption of wellness and preventive healthcare, which highlights the role of physiotherapy in maintaining overall health and mobility.

The key drivers of growth in the physiotherapy equipment market include the aging population, growing awareness of the benefits of physiotherapy, and advances in medical technology. As people live longer, the incidence of age-related physical ailments increases, creating a larger patient base for physiotherapy services. In addition, the increasing number of sports injuries and the rise in physical fitness trends are boosting demand for physiotherapy devices. Healthcare infrastructure improvements, particularly in emerging economies, and the growing acceptance of physiotherapy as a first-line treatment for many musculoskeletal and neurological disorders are also contributing to the market's growth.

Delvens Industry Expert's Standpoint

Experts in the Physiotherapy Equipment Market highlight several key trends driving growth and innovation. The physiotherapy equipment market involves the production and distribution of devices used for the rehabilitation and treatment of physical impairments, injuries, and disabilities. With a growing demand driven by an aging population, rising prevalence of chronic diseases, and increasing awareness of physiotherapy's benefits, the market spans hospitals, rehabilitation centres, and home care settings. Key trends include personalized therapy solutions, the rise of wearable devices, and advancements in non-invasive treatments like electrotherapy and ultrasound therapy. The market is further driven by technological innovations, the growing popularity of wellness and preventive healthcare, and expanding healthcare infrastructure, particularly in emerging economies.

Market Portfolio

Key Findings

• Based on application, the musculoskeletal segment led the physiotherapy equipment market in 2023, accounting for 62.2% of global revenue. This growth is largely attributed to the rising prevalence of musculoskeletal disorders, an aging population, and continuous advancements in technology and product offerings. According to the WHO, more than 1.70 billion people worldwide were diagnosed with musculoskeletal diseases in 2022. Additionally, the frequency of accidents has increased the demand for physiotherapy services to treat musculoskeletal conditions and improve flexibility, muscle strength, and movement control.

• Based on type, the ultrasound segment accounted for the largest share of the market in 2023 and is projected to grow at the fastest rate. This growth is driven by the increasing prevalence of lifestyle and chronic diseases, along with the expanding use of ultrasound therapy in the treatment of various conditions. Ultrasound devices are effective in promoting tissue healing due to their non-invasive nature, ability to improve blood circulation, and capacity to reduce inflammation. The continued clinical validation of ultrasound therapy in diverse applications, such as musculoskeletal and cardiac treatments, will further support its growth in the market.

• Based on demographics, the non-geriatric population held the largest share of the market in 2023, largely due to a growing number of hospital visits and stays for adults with spinal cord injuries or those recovering from accidents. Accidents, including road and workplace injuries, are major contributors to spinal cord injuries, significantly increasing the demand for physiotherapy services. In the UK, domestic accidents account for a large percentage of spinal injuries, further driving demand for physiotherapy treatments among the non-geriatric population.

• Based on end-users, the geriatric population segment is expected to grow at the fastest rate due to the rapidly increasing aging population worldwide. By 2030, it is anticipated that one in every six people globally will be aged 60 or older. This demographic shift is expected to lead to a rise in age-related health conditions such as musculoskeletal and cardiovascular diseases, thus driving demand for physiotherapy services tailored to older adults. The global population of people aged 60 and above is expected to grow significantly over the next few decades, which will propel the growth of this segment.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America region is projected to hold the largest market share. Factors such as rising aging population, increasing prevalence of chronic diseases, growing awareness of physiotherapy benefits, advancements in technology, improved reimbursement policies, increasing demand for home care and rehabilitation services, expanding healthcare infrastructure have triggered the Physiotherapy Equipment Market in the region.

Regional Analysis

North America to Dominate the Market

• North America led the physiotherapy equipment market with a significant revenue share of 34.1% in 2023, driven by a rising number of accidents and mishaps, increasing cases of osteoporosis, and a growing geriatric population. The expansion of healthcare services, including numerous hospitals and home care providers catering to convalescent individuals, has further accelerated market growth. Additionally, the growing prevalence of chronic conditions like Parkinson’s disease, stroke, paralysis, and spinal injuries has spurred demand for physiotherapy services, thus driving the need for advanced physiotherapy equipment.

• The U.S. dominated North America’s physiotherapy equipment market in 2023, fuelled by technological advancements and evolving patient care approaches. A notable trend includes the substantial rise in ultrasound system installations, with significant contracts like the collaboration between GE Healthcare and St. Luke's University Health Network, where 76 ultrasound systems were installed as part of an AI-powered technology fleet. The increasing demand for sophisticated diagnostic and therapeutic devices further highlights the growth of the physiotherapy equipment market in the U.S.

• In Europe, the physiotherapy equipment market is experiencing growth, driven by rising investments in research and development across both public and private sectors. The prevalence of chronic conditions and pain-related disorders further propels the demand for physiotherapy equipment. The UK market stands out due to its robust economy, with a reputation for quality and demand for locally manufactured devices. In Germany, the market is expanding due to a rapidly aging population, high healthcare spending, and a sophisticated healthcare system, fostering innovation and growth in physiotherapy technologies.

• Asia Pacific is anticipated to witness robust growth in the physiotherapy equipment market, supported by an improving reimbursement landscape, a growing aging population, and increasing incidence of degenerative diseases. The prevalence of cardiovascular disease (CVD) in the region, although lower compared to Western countries, is on the rise, further boosting demand for physiotherapy solutions. Japan, in particular, is expected to see rapid market expansion due to its aging population and ongoing healthcare innovations, while China presents both challenges and opportunities due to regulatory complexities and potential for market growth.

• The physiotherapy equipment market in the Middle East is growing significantly, driven by increased awareness of chronic diseases and the subsequent demand for early diagnosis and intervention. Educational initiatives, such as conferences and webinars, are playing a key role in improving the adoption of advanced physiotherapy technologies. At Arab Health 2024, Philips demonstrated next-generation ultrasound systems and AI-enabled innovations aimed at improving healthcare efficiency. These technological advancements are expected to boost the application of physiotherapy equipment, enhancing market growth in the region.

Competitive Landscape

• Enovis Corp. (formerly Colfax)
• Zimmer Medizisysteme GmbH
• Zynex, Inc.
• Performance Health (subsidiary of Madison Dearborn Partners)
• Ito Co., Ltd.
• Dynatronics Corporation
• BTL Industries Inc.
• Enraf-Nonius B.V.
• EMS Physio Ltd.
• Mectronic Medicale
• Whitehall Manufacturing
• Richmar (subsidiary of Compass Health Brands)
• Life Care Systems
• Storz Medical AG
• Mettler Electronics Corp.
• Algeos
• Gymna International
• HMS Medical Systems
• Astar
• Embitron S.R.O. (a Certicon Group company)
• Physiomed Elektromedizin AG (formerly Proxomed)
• Tecnobody
• Coolsystems, Inc.
• Johari Digital
• Powermedic

Recent Developments

• In November 2023, Siemens Healthineers introduced the ACUSON Maple Ultrasound System, featuring 25 advanced capabilities and support for 15 transducers to enhance user experience and streamline operational processes. Equipped with AI-powered tools and an integrated battery offering up to 75 minutes of untethered scanning, the system allows clinicians to improve efficiency and consistency in repetitive tasks.

• In March 2023, the physiotherapy unit at District Hospital in Chhattisgarh, India, was upgraded with modern equipment, including a TENS machine, IFT muscle stimulator, traction machine, SWD, static bicycle, and cordysafe chair, to help treat severe chronic back pain and stiffness.

• In January 2023, Hydro Physio debuted the Active Hydrotherapy Trainer at the ABHI UK Pavilion during Arab Health 2023, aimed at revolutionizing rehabilitation for patients recovering from injuries or surgeries. This innovative system features a dedicated, hygienic aquatic therapy area with a treadmill chamber, entrance foyer, and integrated water management equipment.

• In February 2022, DJO, LLC renewed its partnership with the Professional Football Athletic Trainers Society (PFATS) to promote athlete health and wellness. The collaboration focused on initiatives like the "Join the Club" program, which offers high-quality bracing products and raises awareness about injury prevention for high school athletes.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for the Physiotherapy Equipment Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope