Global Physiotherapy Equipment Market Report and Forecast 2024-2032

Global Physiotherapy Equipment Market Size

The global physiotherapy equipment market was valued at USD 21.04 billion in 2023, driven by increasing incidence of sports injuries across the globe. The market is expected to grow at a CAGR of 7% during the forecast period of 2024-2032, with the values likely to reach USD 38.02 billion by 2032.

Global Physiotherapy Equipment Market Outlook

• The market is experiencing a surge in new product launches. In February 2024, Enovis announced the launch of Intelect® Legend 2 and Intelect® Transport 2, which are the latest additions to Enovis Recovery Sciences’ Chattanooga® electrotherapy portfolio and the company’s extensive line of rehabilitation products.

• In February 2024, Zynex Inc., announced US FDA approval of next generation M-Wave Neuromuscular Electrical Stimulation (“NMES”) device. The NMES devices are helpful in managing chronic pain, and even enhancing exercise performance in healthy individuals.

• In March 2023, Nevro Corp., announced the US launch of HFX iQ spinal cord stimulation (SCS) system to personalize the treatment of chronic pain.

Global Physiotherapy Equipment Market Overview

Physiotherapy also referred as physical therapy are tools and equipment used by the physiotherapist in the treatment and rehabilitation of patients with different sports injuries, musculoskeletal, and neurological disorders, among others. The devices aid in improving the blood flow and thereby speeding up the healing process of tissues, tendons, muscles, etc. One of the key factors that propel the market growth is increasing incidence of sport injuries. As per the National Safety Council (NSC), in 2022 exercise equipment attributed to an estimated 445,642 injuries which contribute to the highest number of cases in any sports and recreation category. Additionally, the market is also driven by the increase in the number of chronic diseases such as musculoskeletal cases, among others.

Global Physiotherapy Equipment Market Growth Drivers

Increasing Incidence of Sports Injuries to Foster the Market Landscape Significantly

Sports injuries can vary in severity from mild sprains and strains to more serious ailments including fractures and torn ligaments. As per NSC 2022 data, around 3.6 million people were treated in emergency departments for injuries involving sports and recreational equipment. Among this, the most frequent activities associated with injuries are exercise, cycling, and basketball. According to the same source, the highest injury rate is seen in the age group of 15-24-year olds with males more prone to injuries as compared to females.

Increasing Incidence of Musculoskeletal and Neurological Disorders to Boost Physiotherapy Equipment Market Demand

Chronic disorders can cause severe pain in the muscles and joints; therefore, physiotherapy can be helpful in managing them. According to the World Health Organization (WHO), approximately 1.71 billion people are living with musculoskeletal conditions globally. The main conditions include low back pain, neck pain, fractures, other injuries, osteoarthritis, amputation, and rheumatoid arthritis. Furthermore, depending on the type, neurological conditions can cause significant movement problems which can even be worse with the disease progression. Some of the neurological conditions that can cause the need of physiotherapy includes Parkinson disease, cerebral palsy, and spinal cord injury, among others. As per the Parkinson Foundation, more than 10 million people are living with Parkinson globally. While around 15 million people are living with spinal cord injury. Therefore, as the number of chronic disorders is on rise globally, the market is seeing steady growth.

Global Physiotherapy Equipment Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Global Physiotherapy Equipment Market Segmentation

Market Breakup by Products Type

• Hydrotherapy

• Electrotherapy

• Laser Therapy

• Ultrasound Therapy

• Shock wave therapy

• Heat Therapy

• Others

Market Breakup by Application

• Neurological

• Musculoskeletal

• Pediatrics

• Cardiovascular and Pulmonary

• Others

Market Breakup by End User

• Hospitals

• Rehabilitation Centers/Clinics

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Physiotherapy Equipment Market Share

Market Segmentation Based on Product Type to Undergo Substantial Development

Based on product type, the market segmentation includes hydrotherapy, electrotherapy, laser therapy, ultrasound therapy, shock wave therapy, heat therapy, and others. The type of physiotherapy equipment to be used on the patient depends on the specific patient population, clinical setting, and treatment goals. However, some of the most used equipment are electrotherapy, heat therapy. The physiotherapist may also employ a combination of product types depending on the patient’s need.

Application Areas are Expected to Witness Significant Growth

Based on application, the segment is divided into neurological, musculoskeletal, pediatrics, cardiovascular and pulmonary, and others. However, the physiotherapy is highly prescribed to the patients with neurological and musculoskeletal disorders. Lifestyle risk factors such as poor diet, physical inactivity are also contributing to the growth of neurological and musculoskeletal diseases, which will further impact the market value in the forecast period.

Global Physiotherapy Equipment Market Analysis by Region

Regionally, the market report offers an insight into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America and Europe, having a robust technological advancement and increasing cases of chronic diseases are estimated to hold a high market value. Increasing collaborations between academic institutions and MedTech companies to boost research initiatives also fuel the region’s market share.

Asia Pacific is projected to witness substantial growth. It can be accredited to increasing geriatric population. With a high demand for technologically advanced medical equipment, countries like India and China are experiencing increased growth.

Leading Players in the Global Physiotherapy Equipment Market

The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Life Care Systems

• Enovis

• EMS Physio Ltd

• Dynatronics Corporation

• TAPSI PHYSIOTHERAPY EQUIPMENTS

• BTL

• HMS Medical Systems

• Whitehall Rehabilitation

• Zynex, Inc.

• Zimmer MedizinSysteme GmbH

• Ito Co., Ltd

• Storz Medical AG

• COMPASS HEALTH BRANDS CORP

• Astar

• EMBITRON s.r.o.

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

Key Questions Answered in the Global Physiotherapy Equipment Market Report

• What was the global physiotherapy equipment market value in 2023?
• What is the global physiotherapy equipment market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on product type?
• Who are the major end users in the market?
• What are the major factors aiding the global physiotherapy equipment market demand? 
• How has the physiotherapy equipment market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• How does the incidence of chronic disorders affect the market landscape?
• What are the major global physiotherapy equipment Market trends?
• How does the rise in the sports injury impact the market size?
• What product type will dominate the market share? 
• Which application will dominate the market share?
• How does the rise in the geriatric population impact the market size?
• Which region is expected to have a high market value in the coming years?
• Which end-user will experience the highest demand in the market segment?
• Who are the key players involved in the physiotherapy equipment market?
• What is patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?

Physiotherapy Equipment Market Report Snapshots

Physiotherapy Equipment Market Size

Physiotherapy Equipment Market Companies