Physical Therapy Equipment Market Analysis

Global Physical Therapy Equipment Market Overview

The Physical Therapy Equipment Market Size was valued at USD 12.9 billion in 2022 and is projected to grow from USD 13.7 Billion in 2023 to USD 21.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.6% during the forecast period (2024 - 2032). The rising frequency of neurological and cardiovascular disorders has braced the demand for physiotherapy equipment worldwide; thus, they are major market drivers for this market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

According to an article published in the International Journal of Environmental Research and Public Health in July 2022, balance and gait training is among physiotherapy procedures typically employed for old individuals with neural disorders, followed by occupational therapy, classic physiotherapy, walking and treadmill training as well as upper limb robotic assisted therapy.

The World Health Organization (WHO) has disclosed that dementia affects over fifty-five million people in the world today. They also added that nearly ten million new cases are diagnosed annually. This will lead to more demand for physical therapy equipment as dementia, and other diseases of a neurological nature become quite common.

The National Office of Thermalism and Hydrotherapy (ONTH) introduced one of the first mobile applications on hydrotherapy, "Tunisia Wellness," in April 2021. In this manner, costs like these increase the usefulness of physiotherapy equipment, thereby hastening market expansion.

This is seen with IncludeHealth's September 2021 launch of MSK-OS which is a musculoskeletal operating system focusing on virtual physical therapy. Google has just released its latest version called the ProMedica Health Systems partnership fell into place.

It is a remarkable development in the market to create advanced physiotherapy equipment.  In a February 2023 publication, a journal revealed that Northwestern University researchers created an 'e-bandage' that increased diabetic patients' healing rates at wound sites by up to thirty percent through electrotherapy administration.

The government of India launched modern apparatus such as TENS machine IFT muscle stimulator traction machine SWD static bicycle Cordysafe Chair in District Hospital's Chhattisgarh physiotherapy unit for treatment for severe cases of chronic back pain and stiffness during March last year.

Hydro Physio introduced its new hydrotherapy system for the Middle East market at Arab Health 2023 in January 2023. The manufacturer is based in the United Kingdom.

Hyperice, a high-performance wellness brand, launched two new products within their heat therapy category, Venom Go and Venom 2, alongside HyperHeat technology in September 2022 that provides the fastest and most uniform distribution of heat to relieve sore and stiff muscles. These sophisticated introductions are expected to foster growth of the market.

Physical Therapy Equipment Market Trends

• Increased demand for market growth of Physical Therapy Equipment

The rising prevalence of orthopedic disorders, growing incidences of road accidents, rising occurrence of sports injuries, increasing geriatric population, increasing awareness about physical therapy equipment, increasing support by public and private companies, and increasing R&D activities in physiotherapy are the key market factors for the global Physical Therapy Equipment Industry. In April 2017, Dynatronics got a branded producer, Hausmann Industries, to produce athletic training equipment and first-rate physical therapy. The rising incidences of cardiovascular and neurological disorders and the increasing geriatric population have raised the global demand for physiotherapy equipment. According to the WHO Facts of 2021, the proportion of the world population of senior citizens and up will nearly be doubled from 12% to 22% between 2015 and 2050, respectively. By 2050, most of the world's elderly population will live in average or below-average-income countries. The residents are aging at a faster rate than past. Every country faces significant challenges in ensuring that its health and social systems are ready to benefit from demographic shifts. As the sum of the older population is increasing, the population is prone to orthopedic disorders, which is anticipated to fuel the market in the future. The reasons mentioned above are expected to cause a significant growth in the demand for physical therapy equipment during the forecast period. Thus, this factor is fetching the market CAGR during the forecast period.

 Figure 1: Physical Therapy Equipment Consumption around the globe              

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Besides the quick rise of the senior population, the global growth of the physiotherapy equipment market is fetched by several factors, including favorable healthcare reforms, a rising number of people who are approaching retirement age, a rising prevalence of cardiovascular and neurological diseases, and an increased employment rate. Nonetheless, the dealers operating in the physiotherapy equipment market are projected to look into the new opportunities in the crowded emerging economies of China and India, as well as fresh technological advancements such as exoskeletons, interactive video games, robotics, virtual reality, robotics, and implanted devices. North America contributed to the global market with a share of 38.5% due to the increasing amount of accidents and mishappenings and the growing incidence of osteoporosis. Thus, these trends in the market are expected to hasten the physical therapy equipment market revenue globally.

Physical Therapy Equipment Market Segment Insights

Physical Therapy Equipment Type Insights

The market segments of physical therapy equipment, based on type, includes practice management software, patient communication software, treatment planning software, patient education software, and dental imaging software. The treatment planning software (TPS) held the majority share in 2022 in the Physical Therapy Equipment Market data. Treatment planning software requires network boards to communicate daily with digital picture devices, such as CT scanners. Many devices operating and accessing through the TPS configuration need to be switched using a communication treaty such as transmission control protocol/internet protocol (TCP/IP).

However, patient communication software (PCS) is also expected to show growth during the forecast period due to its easy functioning of connecting inpatients more efficiently and quickly. This application often uses practice management software (PMS)  to run communications tasks.

Physical Therapy Equipment Deployment Insights

Based on deployment, the Physical Therapy Equipment Market segmentation includes on-premise, web-based, and cloud-based. The cloud-based segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is attributed to more use of applications for people working in physical therapy than "in the cloud," which uses shared space on one or more massive computers. This enormous computer access accommodates the millions and millions of people accessing the cloud daily from around the world.

Physical Therapy Equipment End User Insights

Based on end users, the Physical Therapy Equipment Market data includes dental clinics and hospitals. The hospital segment dominated the market revenue of physical therapy equipment in 2022 and is expected to be the faster-growing segment while the forecast period 2022-2030. This is attributed to advanced physiotherapy setups and a vast hospital pool that satisfies the patients' demands. One more reason for the growth of this segment is rising awareness amongst people about physiotherapy.

Figure 2: Physical Therapy Equipment Market, by Form, 2022 & 2030 (USD Billion)

Source: Secondary Research, MRFR Database, Primary Research, and Analyst Review

Physical Therapy Equipment Regional Insights

By region, the study for the market insights provides into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Physical Therapy Equipment market accounted for USD 12.9 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the forecast period. The market is expected to be driven by a rising number of people engrossed in fitness practices and sports, paired with the increasing number of patients with cardiovascular, neurological, orthopedic, and MSD conditions.

Further, the main countries studied in the market report are The U.S., Canada, Germany, China, India, France, the UK, Italy, Spain, Japan, Australia, South Korea, and Brazil.

Figure 3: PHYSICAL THERAPY EQUIPMENT MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s Physical Therapy Equipment market accounts for the second-largest market share owing to the improved healthcare infrastructure compared to the rest of the world. Most of the evolving companies hail from developing countries. Moreover, the UK market of physical therapy equipment held the largest market share, and the Germany market of physical therapy equipment was the fastest-growing market in the region.

Physical Therapy Equipment Key Market Players & Competitive Insights

Major market players are expending a lot of money on research and development activities to increase their product lines, which will add to the growing market of physical therapy equipment. Competitors are also taking various strategic initiatives to grow their footprint globally, with key market developments including new product launches, mergers and acquisitions, contract-based agreements, increased investments, and collaboration with other organizations. Participants in the physical therapy equipment industry must provide low-cost products to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies that producers adopt in the global physical therapy equipment industry to give advantages to clients and enlarge the market sector is to produce narrowly to reduce operating costs. In recent years, the physical therapy equipment industry has provided medication with some of the most notable benefits. The major players in the physical therapy equipment market are Enraf-NoniUS B.V (Europe), Dynatronics Corporation (US), DJO Global, Inc. (US), BTL Industries (US), and others.

Dynatronics Corporation (US), Headquartered in Salt Lake City, Utah, United States, was founded in 1979 by Kelvyn H. Cullimore Jr. The company has its subsidiaries Bird & Cronin LLC and Hausmann. It is dedicated to providing good-quality revitalizing products designed to accelerate achieving optimal health. The company designs, produces and sells a wide variety of products for clinical use in physical therapy, pain management, rehabilitation, and athletic training.

DJO Global, Nordquist, and lawyer Ken Reed founded Carlsbad, California garage In 1978, which later became DonJoy after their wives named, Donna and Joy. They first offered just sleeves constructed of neoprene pieces stitched and pulled over the body's joints. In 1980, they increased their product line off-the-shelf rigid knee support device called the 4-point knee. The company is now known as Enovis™ (NYSE: ENOV), offering medical technology focused on nourishing clinically differentiated solutions that make better patient outcomes so far and transform workflows.

Key Companies in the market of Physical Therapy Equipment include

• Enraf-NoniUS B.V (Europe)


• Dynatronics Corporation (US)


• DJO Global


• Inc. (US)


• BTL Industries (US)


• Mectronic Medicale (Europe)


• EMS Physio (UK)


• ITO Co. Ltd (Japan)


• Performance Health (Subsidiary of Madison Dearborn Partners) (US)


• Colfax Corporation (US)


• Whitehall Manufacturing (US)

Physical Therapy Equipment Industry Developments

January 2022: Zynex, Inc. (US) made an announcement about the launch of Post-operative and OA (Osteoarthritis) knee braces. The Knee braces can limit the wear and tear on the affected joint, enabling inflammation to settle and reduce pain/degeneration of the affected knee joint and thereby delaying or minimizing the need for surgery.

January 2022: BTL Industries (UK) acquired Schepp MedTech (US). This acquisition was carried out for robots to amplify BTL's already very complex physiotherapy product portfolio.

Physical Therapy Equipment Market Segmentation

Physical Therapy Equipment Type Outlook (USD Billion, 2018-2030)

• Practice Management Software


• Patient Communication Software


• Treatment Planning Software


• Patient Education Software


• Dental Imaging Software

Physical Therapy Equipment Deployment Outlook (USD Billion, 2018-2030)

• On-Premise


• Web-Based


• Cloud-Based

Physical Therapy Equipment End-User Outlook (USD Billion, 2018-2030)

• Dental Clinics


• Hospitals

Physical Therapy Equipment Regional Outlook (USD Billion, 2018-2030)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America