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Global Physiotherapy Equipment Market By Type (Ultrasound, Electrotherapy, Others), By Application (Pediatric Applications, Neurological Applications, Others), By End-Users, By Region, Forecast & Opportunities to 2026

The global physiotherapy equipment market accounted for a value of USD 13.9 billion in 2019 and is projected to register growth at a CAGR of 4.9% during forecast period.

COVID-19 has impacted the physiotherapy equipment market. The number of patients visiting hospitals or clinics is increasing on daily basis as number of COVID-19 cases increasing in the world. Due to increasing number of patients, there is a major shortage of hospitals beds and medical equipment. This increases demand for healthcare providers which results in deployment of number of physiotherapists and other healthcare related professionals. Government across various countries has implemented bans on some surgeries and medical procedures. The restriction imposed by governments has declined the growth of physiotherapy equipment market. The manufacturing units have to halt its production due to lockdown and supply also affected due to COVID-19.

Definition:

Physiotherapy can be defined as medical health professions in which a patient is treated using exercise prescription, mobilization, physical agents and evidence based kinesiology. It helps in treating chronic or acute pain, movement and physical impairments caused by trauma, injury or illness typically of cardiovascular, respiratory, neurological and endocrinological origins. Physiotherapy involves use of various equipments which is known as physiotherapy equipments.

Market Dynamics (Drivers/Opportunities):

The geriatric population is growing across the world. The number of people aged 65 years and above is likely to constitute 16% of the global population by 2050. In America, one in five Americans is likely to be over 6 years. The increase in geriatric population results in increase in number chronic disease cases across the world. This increases demand for physiotherapy treatment and physiotherapy equipment. This drives growth in physiotherapy equipment during forecast period.

The cases of chronic and debilitating diseases are increasing across the world. The incidence of dementia, hip fractures and strokes are rapidly increasing in the world. These diseases are common among the people of age 85 years. The population affected by some form of disability highly required physiotherapy around the world. This increase need for physiotherapist and physiotherapy equipment. Thus, drives growth in physiotherapy market during forecast period.

Market Insights, by Type

On the basis of type, the physiotherapy equipment market is segmented into ultrasound equipment, electrotherapy equipment, exercise therapy equipment, combination therapy equipment, cryotherapy equipment, continuous passive motion therapy equipment, shockwave therapy equipment, traction therapy equipment, laser therapy equipment, pressure therapy equipment and others. The electrotherapy equipment segment accounted for a largest market share in 2019 and it is estimated to grow at a highest CAGR during forecast period. The use of neuromuscular electrical simulation is growing rapidly. The adoption of therapeutic electrical stimulation in clinical settings for rehabilition is widely increasing around the world. This drives growth in electrotherapy equipment segment during forecast period.

Market Insights, by Application

 On the basis of application, the physiotherapy equipment market is segmented into musculoskeletal applications, neurological applications, cardiovascular & pulmonary applications, pediatric applications, gynecological applications and others. The musculoskeletal applications segment accounted for largest market share in 2019. The increasing incidence of musculoskeletal disorders results in largest market share in the market. However, the cardiovascular and pulmonary segment is estimated to be fastest growing segment during forecast period. The increasing cardiovascular diseases incidence requires physiotherapy treatment and this increases adoption of physiotherapy throughout the world. This drives growth in cardiovascular and pulmonary segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the physiotherapy equipment market is segmented into hospitals & clinics, rehabilitations centers and others. The hospitals & clinics segment accounted for largest market share in 2019. However, the rehabilitations centers segment is estimated to be the fastest growing segment during forecast period. The demand for rehabilitation therapists is increasing immensely across the world and this increases the utilization of physiotherapy equipments in rehabilitation centers. Thus, drives growth in rehabilitation centers end-users during forecast period.

Regional Insights

Asia-Pacific region is estimated to grow at highest CAGR during forecast period. The geriatric population is increasing rapidly and the population is this region is very high. The diseases in the geriatric population are increasing which requires physiotherapy treatment results in growth in this region. The number of private sector hospitals is increasing and healthcare infrastructure is developing in this region. The people are inclining towards active lifestyle which increases demand for physiotherapy and physiotherapy equipment in this region. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in physiotherapy equipment sector are Djo Global Inc., Btl Industries Inc., Enraf-Nonius B.V., Dynatronics Corporation, Ems Physio Ltd., Ito Co. Ltd., Mectronic Medicale, Performance Health, Whitehall Manufacturing, Zimmer Medizinsysteme Gnbh, Zynex Inc., Richmar, Life Care Systems, Storz medical Ag, mettle Electronics Corp., Proxomed and Tecnobody.

Segments Covered in the Report

This report forecasts The Global Physiotherapy Equipment Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global physiotherapy equipment market report on the basis of type, application and end-users.

Physiotherapy Equipment Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Physiotherapy Equipment Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Ultrasound Equipment
  • Electrotherapy Equipment
  • Exercise Therapy Equipment
  • Combination Therapy Equipment
  • Cryotherapy Equipment
  • Continuous Passive Motion Therapy Equipment
  • Shockwave Therapy Equipment
  • Traction Therapy Equipment
  • Laser Therapy Equipment
  • Pressure Therapy Equipment
  1. Physiotherapy Equipment Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Musculoskeletal Applications
  • Neurological Applications
  • Cardiovascular & Pulmonary Applications
  • Pediatric Applications
  • Gynecological Applications
  • Others
  1. Physiotherapy Equipment Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Hospitals & Clinics
  • Rehabilitations Centers
  • Others
  1. Physiotherapy Equipment Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Application
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Application
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Application
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Application
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Application
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Tecnobody
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Djo Global Inc.
    • Btl Industries Inc.
    • Enraf-Nonius B.V.
    • Dynatronics Corporation
    • Ems Physio Ltd.
    • Ito Co. Ltd.
    • Mectronic Medicale
    • Performance Health
    • Whitehall Manufacturing
    • Zimmer Medizinsysteme Gnbh
    • Zynex Inc.
    • Richmar
    • Life Care Systems
    • Storz Medical Ag
    • Mettle Electronics Corp.
    • Proxomed
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face 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: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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