Physiotherapy Equipment Market Expected to Reach $2.8 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Physiotherapy Equipment Market," The physiotherapy equipment market was valued at $1.6 billion in 2022, and is estimated to reach $2.8 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.

Physiotherapy, also known as physical therapy, is a healthcare profession focused on promoting, maintaining, and restoring physical function and mobility in individuals who have been affected by injury, illness, or disability. Physiotherapy equipment refers to a diverse range of tools, devices, and apparatuses used by physiotherapists (physical therapists) to aid in the assessment, diagnosis, treatment, and rehabilitation of patients with various physical conditions. These equipment and devices are designed to assist in improving mobility, reducing pain, enhancing strength, and promoting overall physical function.

The different physiotherapy equipment includes hydrotherapy, electrotherapy, continuous passive motion units, multi-exercise therapy unit, heat therapy, ultrasound, and other equipment types. 

Rise in the number of adoptions of key strategies such as product launch, product approval, and others by market players that manufacture physiotherapy equipment drives the growth of the physiotherapy equipment market size. For instance, in August 2023, Zynex, Inc., an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, rehabilitation, and patient monitoring, announced the addition of three new therapy products centered around pain management.

The new products include Zynex Pro Thoracic Lumbar Sacral Orthosis ("TLSO"), a dual-purpose back brace for the mid and lower spine; Zynex Pro Wrist, a wrist brace for a broad spectrum of wrist-related pain management including carpal tunnel syndrome, and Zynex Cryoheat, a localized cold or hot fluid therapy system for home or hospital use.

The physiotherapy equipment market size is influenced by several driving factors that contribute to its growth and development. These factors are shaped by trends in healthcare, technological advancements, patient needs, and economic considerations. Some key driving factors for the physiotherapy equipment market analysis include the rising incidence of chronic conditions such as musculoskeletal disorders, neurological disorders, and cardiovascular diseases creates a higher demand for physiotherapy services and equipment to aid in rehabilitation and management.

In addition, the popularity of sports and physical activities contributes to a higher incidence of sports-related injuries, necessitating the use of physiotherapy equipment for effective recovery and rehabilitation. For instance, according to the National Safety Council (NSC), in 2021, exercise equipment accounted for about 409,000 injuries, the most in any category of sports and recreation.

Moreover, surgeries for joint replacements, spinal disorders, and other orthopedic conditions often require post-operative physiotherapy, driving the demand for relevant equipment. Thus, rise in number of knee replacement and hip replacement surgeries are anticipated to boost the demand for post-operative physiotherapy and is anticipated to boost the physiotherapy equipment market growth. For instance, the 2022 American Joint Replacement Registry (AJRR) annual report includes data from over 2.8 million hip and knee procedures from over 1250 institutions encompassing all 50 states and the district of Columbia.

In addition, cryotherapy, continuous passive motion (CPM), neuromuscular electrical stimulation (NMES), surface electromyographic (sEMG) biofeedback and shockwave therapy (ESWT) are used in post-operative physiotherapy in knee replacement. Thus, rise in number of joint replacement surgeries is anticipated to boost the growth of physiotherapy equipment market trends.

By type, the physiotherapy equipment market share is classified into equipment and accessories. The equipment segment is expected to be the fastest growing segment during the forecast period owing to rise in prevalence of musculoskeletal diseases, cardiopulmonary diseases and others and increase in adoption of physiotherapy for treatment of diseases such as osteoarthritis, sports injuries and others. 

By application, the physiotherapy equipment market share is classified into musculoskeletal, neurology and others. The musculoskeletal segment is projected to be the fastest growing segment during the forecast period owing to high adoption of physiotherapy for musculoskeletal disease treatment and increase in prevalence of chronic diseases such as arthritis.

By end user, the market is classified into hospital, physiotherapy and rehabilitation center and others. The physiotherapy and rehabilitation segment are projected to be the fastest growing segment during the forecast period owing to rise in awareness among the people regarding physiotherapy and increase in availability of advanced physiotherapy equipment.

Region-wise, North America had the highest market share in 2022 and is expected to maintain its physiotherapy equipment market opportunity during the forecast period owing to increase in number of populations suffering from osteoarthritis and high presence of market players who manufactures physiotherapy equipment. However, Asia-Pacific is expected to exhibit fastest growth of physiotherapy equipment market forecast owing to increase in awareness among the people regarding treatment for physiotherapy treatment and rise in number of geriatric populations.

Key findings of the study

• By type, the equipment segment dominated the physiotherapy equipment industry in 2022.
• By application, the musculoskeletal segment dominated the physiotherapy equipment industry in 2022.
• By end user, the physiotherapy and rehabilitation center segment dominated the market in 2022.
• By region, North America dominated the market in 2022 and is expected to grow during the forecast period.