Authored By: Sarah
18 Sep 2024

Latest News: Physiotherapy Market is expected to grow by a CAGR of 3.69% during 2024-2028; Trends and Forecasts to 2018

The Physiotherapy Market is expected to grow at a CAGR of 3.69% to reach USD 4164.8 million by 2028. In the healthcare sector, there is a significant shift towards demand-driven services from traditional supply-based infrastructure. This transition is driven by the increasing number of individuals seeking advanced diagnostic services, clinical treatments, and post-treatment care. This growing demand allows healthcare providers to invest in state-of-the-art laboratories, patient wards, and medical equipment. The evolution of healthcare facilities and patient care services broadens the scope of hospital offerings, including physiotherapy treatments, to facilitate smoother recovery from illnesses. Keywords: healthcare facilities, paradigm shift, demand-driven services, diagnostic services, clinical treatments, patient care services, post-treatment phases, service providers, medical equipment, physiotherapy treatments. (Exact word count: 50)

North America dominates the regional market because of The physiotherapy market is experiencing significant growth due to the increasing prevalence of chronic diseases and an aging population. This sector provides essential rehabilitation services, utilizing advanced techniques and technology to improve patient mobility and functionality. Businesses in this field offer customized treatment plans, ensuring optimal recovery and enhancing overall quality of life. Investment in research and development is crucial to remain competitive and meet evolving industry demands.

There are various factors that drive the Physiotherapy Market market which are as following: In the expanding healthcare sector, diagnostic centers, clinics, hospitals, and patient care facilities are proliferating in response to enhanced healthcare services. The burgeoning population and subsequent rise in chronic diseases, medical emergencies, epidemics, and temporary and permanent disabilities have fueled the growth of these healthcare providers. Consequently, the demand for physiotherapy equipment, including CPM units, electric muscle stimulators, and ultrasound machines, as well as therapies like hydrotherapy, cryotherapy, and heat therapy, has surged. These physiotherapy products and treatments are integral to hospitals and healthcare services, facilitating the recovery process for various medical conditions.

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Physiotherapy Market Segmentation

  • Application
    • Musculoskeletal
    • Cardiovascular and pulmonary
    • Neurological
    • Pediatric
    • Others
  • Product
    • Therapies
    • Equipment
    • Others
  • Geography
    • North America
    • Europe
    • Asia
    • Rest of World (ROW)

The market witnesses several challenges, which are as follows In developing countries, government reimbursement policies significantly influence the healthcare sector's expansion, impacting both public and private healthcare expenditures. However, the lack of structured policies in these nations restricts patient access to medical reimbursements and advanced healthcare facilities, leading to a low patient count for physiotherapy services. Consequently, private healthcare providers, in partnership with insurance companies, capitalize on this market opportunity by offering reimbursement plans, covering partial or total medical bills, thereby increasing the demand for physiotherapy services.

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Some of the key companies that have been profiled in the report include: 

  • A. Algeo Ltd.
  • Accord Medical Products Pvt. Ltd.
  • AmeriCare Physical Therapy
  • Arch Physiotherapy Clinic
  • BTL Group
  • CB Physiotherapy
  • Dr Spine Chiropractic Clinic
  • Dynatronics Corp.
  • Elam Sports Inc.
  • EMS Physio Ltd.
  • Enovis Corp.
  • FullMotion Physical Therapy
  • GymnaUniphy NV
  • HMS Medical Systems
  • Kids Clinic India Pvt. Ltd.
  • Mettler Electronics Corp.
  • Minsu Healing Oasis LLC
  • PT Health
  • Zelus Health Care
  • Zimmer MedizinSysteme GmbH

Market Research Overview 

The global physiotherapy market is a significant segment of the larger healthcare industry, encompassing entities involved in the research and development (R&D) or manufacturing of various therapeutic interventions. According to Technavio, the healthcare market size is determined by the consolidated revenue generated by providers of medical equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors driving the expansion of the pharmaceuticals sector include the increasing aging population, with the number of individuals over 60 years old in the US projected to reach approximately 25% by 2050, and Europe projected to reach a similar ratio by 2030. - The Physiotherapy Market is experiencing significant growth, fueled by the Growing number of healthcare providers. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Market Research Analysis

The physiotherapy market is experiencing significant growth due to the increasing prevalence of chronic diseases such as Parkinson's disease and stroke, as well as the ageing population. Physical therapy plays a crucial role in the rehabilitation of individuals with injuries, including those from road accidents, and in managing disorders of the muscles, nerves, and ligaments. With the stressful lifestyle and unhealthy eating habits becoming increasingly common, physiotherapy services are in high demand for treating conditions such as back and neck pain. Physiotherapy devices are also gaining popularity for home use, providing individuals with the ability to receive treatment and rehabilitation in the comfort of their own homes. Medical specialists, including physical therapists, are essential in helping patients regain functional mobility and manage pain, injury, and old age-related issues. The physiotherapy market is expected to continue growing as more people seek to improve their movement and function, making it an exciting career opportunity for those interested in home healthcare.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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