Chicago, May 17, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the global physiotherapy equipment market is growing at a CAGR of 6.84%. Most players in the global physiotherapy devices market widely focus on developing innovative products and leveraging technological advances to manufacture easy-to-use and advanced devices. Recent developments in the market have accelerated growth in new directions and enabled physiotherapists to update their approaches in various ways. Cybertherapy is another technological advancement that is escalating market growth. In cybertherapy, patients use a wireless interface with their doctors. The use of e-Therapy is also achieving wider acceptance as it is related to a broad range of advantages for medical professionals and patients in need of physiological treatments. Such technological advances will contribute to the demand for physiotherapy products in the forecast period.
Physiotherapy Equipment Market Report Scope
| Report Attributes | Details | |
| MARKET SIZE (2027) | $9.6 Billion | |
| MARKET SIZE (2021) | $6.5 Billion | |
| CAGR (2022-2027) | 6.84% | |
| BASE YEAR | 2021 | |
| FORECAST YEAR | 2022-2027 | |
| MARKET SEGMENTS | Device Type, Application, End-user, and Geography | |
| GEOGRAPHIC ANALYSIS | North America, Europe, APAC, Latin America, Middle East, and Africa | |
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Launch of Physiotherapy Software Applications to Promote Physiotherapy
In recent years, the adoption of smartphone and iPad applications has witnessed a significant increase among physical therapy patients and professionals. Concussion management may be a big part of the job for a physical therapist in a sports clinic. An application known as Sway allows patients to track and measure their symptoms both in the clinic and at home. Sway can also measure balance data and produce more accurate readings than a force platform by using a smartphone’s motion sensor software. Similarly, ReFlex is a smart assistant for physiotherapy devices and a product that aims to help the entire physiotherapy value chain, including patients, clinics, owners, physiotherapists, and even insurance companies. ReFlex is a set of wearable motion detection sensors with a mobile application and a web platform.
Key Highlights
- With more and more people entering their retirement years, the expansion of geriatric programs to accompany the onset of chronic pain remains an important factor as this population reaches its twilight. Thus, the growing geriatric population and rising sedentary lifestyle among people contribute to the growth of the global physiotherapy device market.
- In 2021, the ultrasound therapy equipment segment accounted for the highest revenue share of 22.34%, followed by the electrotherapy equipment segment with 15.02%. Ultrasound therapy or therapeutic ultrasound is a treatment tool used by physical and occupational therapists.
- The US accounts for a significant market share in the North American physiotherapy devices market and is also expected to dominate during the forecast period.
- Vendors must focus on meeting the end-user requirements. Product customization could prove a successful way to expand the consumer base and increase market share.
Market Segmentation
Equipment Type
- Ultrasound Therapy Equipment
- Electrotherapy Equipment
- Laser Therapy Equipment
- Exercise Therapy Equipment
- Traction Therapy Equipment
- Combination Therapy Equipment
- CP Motion Equipment
- Shockwave Equipment
- Hot & Cold Therapy Equipment
- Others
Application
- Cardiorespiratory
- Musculoskeletal
- Neurological
- Others
End-Users
- Physiotherapy Clinics
- Hospitals
- Homecare Settings
Geography
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- APAC
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- Turkey
Competition Overview
Most of the key players are focusing on developing new and innovative products that will satisfy the growing demand of end-users. Additionally, these leading companies have implemented aggressive strategies such as new product launches, joint ventures, mergers, partnerships, and takeovers to stay at the forefront of the competitive curve in the physiotherapy devices market.
The development of physiotherapy equipment with enhanced capabilities and partnerships with local distributors for geographical expansion are key strategies of several market players. Furthermore, there is an ongoing trend of improving the market share through new product launches. For instance, in December 2020, Sunbeam, a leader in heat therapy products, launched the GoHeat Cordless Heating Pad to help relieve pain and treat sore muscles at home.
Vendors Analysis
Key Vendors
- BTL Industries
- Dynatronics Corporation
- Zimmer MedizinSysteme GmbH
- Zynex Medical
Other Prominent Vendors
- Accord Medical Products
- AMI Surgical
- ASTAR
- Body Tech Solution
- Bio-Med International Pvt Ltd.
- Bharat Medical Systems
- Colfax Corporation
- EMS Physio
- Enraf-Nonius
- GymnaUniphy
- HMS Medical Systems
- ITO Co. Ltd.
- Life Care Systems
- Mectronic Medicale
- Mettler Electronics Corporation
Explore our healthcare lifesciences profile to know more about the industry.
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