February 9, 2025
Physiotherapy Equipment Market

Physiotherapy Equipment Market Propelled by Rapidly Aging Population

Physiotherapy is a medical field that focuses on the assessment and treatment of movement disorders and physical impairments. Major Physiotherapy equipment utilized in treatment include Cryotherapy machines, Electrical stimulation devices, Ultrasound, Therapeutic exercises, and Soft tissue and joint mobilization tools. These therapeutic equipment helps patients recover from injuries, reduces pain and stiffness and increases mobility. The global Physiotherapy Equipment Market is estimated to be valued at US$ 24.66 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Rapidly aging population across developed countries is driving significant demand for physiotherapy. As per WHO, the world’s population aged 60 years and older is expected to double from 12% to 22% between 2015 and 2050. Aging causes mobility issues, joint pains and weakening of muscles which directly fuels the need for physiotherapy. With elderly population rising worldwide, the demand for physiotherapy treatment and associated equipment is projected to climb substantially over the coming years. This aging demographic shift will remain the primary growth driver for the physiotherapy equipment market during the forecast period.

SWOT Analysis

Strength: Physiotherapy equipment offers non-invasive and painless treatment options for various conditions like arthritis, sports injuries etc. This increases its acceptability among patients.
Weakness: High costs associated with certain physiotherapy equipment hampers its widespread adoption. Lack of awareness in some regions also acts as a weakness.
Opportunity: Rising geriatric population suffering from mobility issues offers significant growth opportunities. The development of innovative technologies is another key opportunity area.
Threats: Economic slowdowns can negatively impact the market. Stringent regulatory frameworks for new product approval also pose threats.

Key Takeaways

The Global Physiotherapy Equipment Market Size is expected to witness high growth over the forecast period of 2023 to 2030.

Regionally, North America dominates currently due to factors like advanced healthcare infrastructure and high healthcare spending. Asia Pacific is anticipated to grow at the fastest pace led by developments in countries like China and India.

Key players operating in the Physiotherapy Equipment are Abbott Laboratories, Agilent Technologies, Affymetrix Inc., Beckman Coulter, Inc., Illumina Incorporated, Life Technologies Corporation, Randox Laboratories Ltd., Surfix B.V, GE Healthcare, F. Hoffmann-La Roche Ltd, and AYOXXA Biosystems GmbH. The major players are focusing on new product launches and strategic collaborations to strengthen their market presence. For instance, Agilent Technologies launched new instruments to address the needs of clinical research laboratories in 2021.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it

About Author - Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.  LinkedIn Profile

About Author - Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.  LinkedIn Profile

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