Physiotherapy Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Physiotherapy Equipment Market covers analysis By Product (Equipment, Accessories), Application (Musculoskeletal Disorders, Neurology Disorders, Cardiovascular Disorders, Pediatric, Gynecological, Others), End User (Hospitals, Physician Offices, Homecare Centers, Physiotherapy & Rehabilitation Centers), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPHE100001239
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW
Physiotherapy is a branch of rehabilitative health that utilizes specially designed equipment and some exercises that help patients regain and improve their physical abilities. There are many types of physiotherapy equipment used for patients who are infants born with congenital musculoskeletal disabilities, adults suffering from backache or the after-effects of injury or surgery, to elderly post-stroke patients. Different types of therapies are used to repair various areas of the body. Physical therapy, which uses mechanical strength and movement to treat patients, is rapidly gaining popularity for various reasons, including urban lifestyles, older populations, and corporate lifestyles. 

MARKET DRIVERS
The increasing prevalence of cardiovascular and neurological diseases and the growing geriatric population have stimulated the demand for physical therapy equipment around the world. According to World Population Aging 2019 (United Nations, 2019), the world's elderly population continues to grow at an unprecedented rate. In 2019, approximately 703 million people aged 65 or older worldwide. According to forecasts, this number of elderly people will double to 1.5 billion by 2050. Globally, the proportion of the elderly population over 65 increased from 6% in 1990 to 9% in 2019. As the elderly population increases, the population is more susceptible to orthopedic diseases, which is expected to drive the market in the future.

According to WHO 2020 updates, ischemic heart disease was responsible for 16% of all deaths worldwide. Since 2000, the most notable deaths have been from ischemic heart disease, which rose by more than 2 million to 8.9 million deaths in 2019 2010. The study also suggests that by 2050, more than 50% of all osteoporotic hip fractures could occur in Asia. Therefore, the increasing prevalence of orthopedic diseases increases the demand for rehabilitation services. In addition, neurological disorders significantly contribute to global morbidity and mortality worldwide, with stroke being a leading cause of death.

MARKET TRENDS/MARKET SCENARIO
Several companies in the physiotherapy equipment market are in the process of continuously developing innovative products.

In April 2021, The National Office of Thermalism and Hydrotherapy (ONTH) announced the debut of “Tunisia Wellness,” the first mobile hydrotherapy application. It concerns more than 300 spa centers in Tunisia and provides all the necessary information regarding them in a unified framework.

In December 2020, The GoHeat Cordless Heating Pad was launched by Sunbeam, a leader in products of heat therapy, to assist reduce pain and curing tired muscles at home or on the road.

In July 2018, Mectronic Medicale (Italy) launched Doctor Tecar XP, an electromagnetic tecar therapy stimulator.

MARKET SCOPE AND REPORT FEATURES
Our report on "Global Physiotherapy Equipment Market Analysis to 2028" encapsulate a detailed market analysis on key segments such as type and applications of dental equipment market, and a deep dive statistical and qualitative analysis by geography covering five key regions and several countries. As a part of qualitative analysis report offers evaluation of key market dynamics such prevailing market driver, key challenges and opportunities that pave the path for future developments. Further, our analysis on the key competition provide a strategic view point on the market initiatives, SWOT analysis, and highlights on the products and service developments of the players.   

MARKET SEGMENTATION
Global Dental Equipment Market – By Product

  • Equipment
  • Accessories

Global Dental Equipment Market – By Application

Global Dental Equipment Market – By End User

  • Hospitals
  • Physician Offices
  • Homecare Centers
  • Physiotherapy & Rehabilitation Centers

MARKET DYNAMICS

REGIONAL INSIGHTS
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The physiotherapy equipment market by each region is later sub segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social, and technological factors affecting the physiotherapy equipment market in these regions.

MARKET PLAYERS
The report covers key developments in the physiotherapy equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from physiotherapy equipment market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the physiotherapy equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years. 

  • Enraf-Nonius B.V.
  • Isokinetics Inc.
  • EMS Physio Ltd.
  • DJO Global, Inc.
  • BTL Industries Inc.
  • HMS Medical Systems
  • Richmar
  • Bio-Med Inc.
  • Mectronic Medicale S.r.l.
  • Zimmer MedizinSysteme GmbH
  • STORZ Medical AG
  • Performance Health
  • Chirag Electronics Pvt. Ltd
  • Bharat Medical Systems
  • Zynex, Inc.

REPORT HIGHLIGHTS

Our report on physiotherapy equipment market cover following key parameters:

  • Comprehensive market analysis at global, regional and country level
  • Detailed PEST (Political, Economic, Social and Technological) factors impacting the market across key geographic regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
  • Market dynamics (drivers, restraints, opportunities, and future trends) and impact analysis of drivers and restraints at short-term, mid-term and long-term
  • Market size and forecasts in terms of revenue; 2020 (historic), 2021 (base year), 2022 – 28 (forecast period)
  • In-depth market segmentation and deep dive regional and country level analysis of 18+ countries across 5 key regions
  • Key company profiles and industry landscape to provide latest market initiatives and competitive landscape
  • Impact of COVID`19 pandemic on ecosystem and the market 

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

REGIONAL FRAMEWORK

Physiotherapy Equipment Market Report Analysis

Physiotherapy Equipment Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Enraf-Nonius B.V.
  • Isokinetics Inc.
  • EMS Physio Ltd.
  • DJO Global, Inc.
  • BTL Industries Inc.
  • HMS Medical Systems
  • Richmar
  • Bio-Med Inc.
  • Mectronic Medicale S.r.l.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Product
  • Equipment
  • Accessories
By Application
  • Musculoskeletal Disorders
  • Neurology Disorders
  • Cardiovascular Disorders
  • Pediatric
  • Gynecological
  • Others
By End User
  • Hospitals
  • Physician Offices
  • Homecare Centers
  • Physiotherapy & Rehabilitation Centers
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

Physiotherapy Equipment Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Product
  • Equipment
  • Accessories
By Application
  • Musculoskeletal Disorders
  • Neurology Disorders
  • Cardiovascular Disorders
  • Pediatric
  • Gynecological
  • Others
By End User
  • Hospitals
  • Physician Offices
  • Homecare Centers
  • Physiotherapy & Rehabilitation Centers
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Enraf-Nonius B.V.
  • Isokinetics Inc.
  • EMS Physio Ltd.
  • DJO Global, Inc.
  • BTL Industries Inc.
  • HMS Medical Systems
  • Richmar
  • Bio-Med Inc.
  • Mectronic Medicale S.r.l.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. Enraf-Nonius B.V.
    2. Isokinetics Inc.
    3. EMS Physio Ltd.
    4. DJO Global, Inc.
    5. BTL Industries Inc.
    6. HMS Medical Systems
    7. Richmar
    8. Bio-Med Inc.
    9. Mectronic Medicale S.r.l.
    10. Zimmer MedizinSysteme GmbH
    11. STORZ Medical AG
    12. Performance Health
    13. Chirag Electronics Pvt. Ltd
    14. Bharat Medical Systems
    15. Zynex, Inc.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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