Physiotherapy Equipment Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Physiotherapy Equipment market in 2021

The global physiotherapy equipment market had a market size of USD 15.26 billion in 2021 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.7% from 2021 to 2028. By 2028, the market is anticipated to reach USD 21.9 billion.

COVID-19 Impact on the Physiotherapy Equipment Market

The COVID-19 pandemic had a significant impact on the physiotherapy equipment market. Due to lockdowns and restrictions on non-essential services, many physiotherapy clinics had to close temporarily, leading to a decline in the demand for physiotherapy equipment. However, there was an increase in demand for home-based physiotherapy equipment as people sought alternative ways to continue their treatment.

Physiotherapy Equipment Dynamics

The physiotherapy equipment market is driven by factors such as the increasing prevalence of chronic conditions, growing geriatric population, rising awareness about the benefits of physiotherapy, and advancements in technology. Additionally, the shift towards preventive healthcare and the emphasis on rehabilitation post-surgeries are fueling the demand for physiotherapy equipment.

Segments and Related Analysis

Types of Physiotherapy Equipment

• Exercise Equipment
• Ultrasound Equipment
• Electrotherapy Equipment
• Heat and Cold Therapy Equipment
• Others

End-Users of Physiotherapy Equipment

• Hospitals
• Rehabilitation Centers
• Home Care Settings
• Others

By Region Analysis

North America

The North American physiotherapy equipment market dominated the global market in 2021, primarily due to the presence of advanced healthcare infrastructure, high adoption of technologically advanced equipment, and a growing elderly population in the region.

Europe

Europe is expected to witness significant growth in the physiotherapy equipment market, driven by the increasing prevalence of musculoskeletal disorders, government initiatives to promote physiotherapy services, and the rising number of physiotherapy clinics.

Asia Pacific

The Asia Pacific region is projected to experience rapid growth in the physiotherapy equipment market, supported by the increasing healthcare expenditure, improving healthcare infrastructure, and rising awareness about the importance of physiotherapy in countries like China, India, and Japan.

Key Market Players and Competitive Landscape

The key players in the physiotherapy equipment market include DJO Global, Performance Health, BTL Industries, Enraf-Nonius, Dynatronics Corporation, Patterson Medical, HMS Medical Systems, ITO Co. Ltd., Isokinetic Inc., and Whitehall Manufacturing.

These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence and gain a competitive edge.

Recent Happenings in the Physiotherapy Equipment Market

Product Launches

In 2021, DJO Global introduced a new range of advanced physiotherapy equipment designed to enhance rehabilitation outcomes and patient experience.

Performance Health launched a portable ultrasound therapy device for home use in response to the increasing demand for remote physiotherapy services during the pandemic.

Partnerships and Collaborations

BTL Industries partnered with a leading rehabilitation center to conduct clinical trials and research studies on the effectiveness of their physiotherapy equipment in improving patient outcomes.

Enraf-Nonius collaborated with a technology company to integrate virtual reality technology into their electrotherapy equipment, providing patients with a more engaging rehabilitation experience.

Acquisitions

Dynatronics Corporation acquired a small-scale manufacturer of heat and cold therapy equipment to expand its product portfolio and reach a larger customer base.

Patterson Medical acquired a regional distributor of exercise equipment to strengthen its distribution network and increase market penetration in key regions.