Physiotherapy & Rehabilitation Products & Services Market Overview
The Physiotherapy &
Rehabilitation Products & Services Market size is projected to reach $287.56 billion by 2027 and is expected to grow at a CAGR of 6.2%
during the forecast period 2022-2027. Physiotherapy &
rehabilitation aims to improve patient function and deal with complications
across cardiopulmonary, musculoskeletal and Neurological specialties among many
others, in order to help the patient, return to their preferred lifestyle
activities, whether at home, work or leisure. Furthermore, rehabilitation
concentrates on changes in functional disability and lifestyle restrictions
based on the patient's own functional improvement goals. Physical
rehabilitation helps to recover from an injury or disease, as well as manage
long-term conditions like Parkinson's and Multiple sclerosis. Factors such as the surge in the global geriatric population and the rising prevalence of numerous
chronic diseases in both developed as well as developing regions are
anticipated to contribute to the growth of the Physiotherapy &
Rehabilitation Products & Services Industry. Physiotherapy & Rehabilitation
products such as those for cryotherapy, hydrotherapy and electrotherapy, enable
end users to effectively manage chronic pain and enhance their quality of life.
Rehabilitative medicine is one of the four pillars of healthcare that the World
Health Organization (WHO) suggests. The International Classification of
Functioning, Disability and Health was released by WHO in response to the
development of physical and rehabilitation medicine (ICF). In light of this,
rehabilitative medicine has updated its software, placing a stronger emphasis
on artificial intelligence and machine learning.
Physiotherapy & Rehabilitation Products & Services Market Report Coverage
The report: “Physiotherapy
& Rehabilitation Products & Services Market Forecast (2022-2027)” by Industry ARC, covers an in-depth analysis of the
following segments in the Physiotherapy &
Rehabilitation Products & Services Market.
- The North American Physiotherapy & Rehabilitation Products & Services Industry accounted for the highest revenue share in 2021. This is owing to the presence of several key players in the regions who provide a wide range of Physiotherapy & Rehabilitation Products & Services and are also working on the R&D of more cost-effective options.
- The WHO launched the Rehabilitation 2030 initiative, which emphasizes the need to strengthen the health system and calls on all stakeholders to collaborate on a number of priority areas, including, improving leadership and governance, creating a strong, multidisciplinary workforce for rehabilitation, increasing funding for rehabilitation and enhancing data collection and research on rehabilitation.
- Physiotherapy & Rehabilitation Products & Services Market Detailed Analysis of the Strength, Weaknesses and Opportunities of the prominent players operating in the market will be provided in the Physiotherapy & Rehabilitation Products & Services Market report.
Physiotherapy & Rehabilitation Products & Services Market Share (%) by Geography, 2021
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Physiotherapy & Rehabilitation Products & Services Market Segment Analysis - by Service Type
& Rehabilitation Products & Services Market based on
service type can be segmented into Physiotherapy
(Hydrotherapy, Cryotherapy, CPM, Ultrasound, Electric Stimulation, Heat
Therapy, Therapeutic Exercise, Physio-games and others) Rehabilitation (Speech
Therapy, Occupational Therapy, Respiratory Therapy and Others). The Physiotherapy segment held the largest Physiotherapy &
Rehabilitation Products & Services Market share in 2021 and is
poised to grow at a CAGR of 6.4% during the forecast period 2022-2027. For instance, according to the International
Osteoporosis Foundation, approximately 1 in every 3 women and 1 in every 5 men
over the age of 50 years will experience osteoporosis during their lifetime.
Physiotherapy services have been proven to be highly effective in managing the
condition as they can help in reducing pain, improving posture and
strengthening the muscles and bones.
However, Rehabilitation is the fastest
growing segment and is expected
to witness the highest CAGR during the forecast period 2022-2027. The need for rehabilitation
services is anticipated to further rise owing to the increasing number of
people living with various kinds of disabilities in both developing as well as
developed regions. According to recent estimates based on the number of years
of life lost that may be directly attributed to disease, 92 percent of all
diseases in the world are thought to have causes that call for expert
Physiotherapy & Rehabilitation Products & Services Market Segment Analysis - by End-user
The Physiotherapy & Rehabilitation Products & Services Market on basis of end-use can be segmented into Hospitals, Physiotherapy Centers/Clinics, Rehabilitation Centers, Home Care Settings, Physician Offices, Nursing & Residential Homes and Others. Homecare settings held the largest Physiotherapy & Rehabilitation Products & Services Market share in 2021 and is forecasted to grow at a CAGR of 7.6% during the forecast period 2022-2027. The significance and need for home-based rehabilitation with proficient and methodical mediations are considered highly relevant since home-based rehabilitation has been systematized as it is more practical, cost-efficient, and, surprisingly, more secure than in-clinic restoration in many nations. This has led to a rise in home care rehabilitation services across the world. Due to the rising need for proper and personalized care for cardiopulmonary, musculoskeletal and Neurological, the number of home rehabilitation centers in the world is increasing which has led to a rise in the market for physiotherapy and rehabilitation services.
However, rehabilitation centers are expected
to be the fastest-growing segment during the forecast period of 2022-2027. According
to estimates, 1 in 3 persons worldwide currently has a health condition that
could benefit from rehabilitation. It is anticipated that this demand will grow
in the upcoming years as population health and features change. The need for
rehabilitation is anticipated to increase significantly over the next few years
as a result of the rising number of cancer survivors around the world and the
fact that a sizable portion of these patients is dealing with long-term
adverse effects of treatment.
Physiotherapy & Rehabilitation Products & Services Market Segment Analysis - by Geography
The Global Demand for Physiotherapy &
Rehabilitation Products & Services Market based on Geography can be segmented
into the U.S, Europe (U.K, Germany, France, Italy, Spain, Russia, Rest of Europe)
Rest of the World. The North American region dominated the Physiotherapy
& Rehabilitation Products & Services market size in 2021 with a market share
of 50.13%. The expansion of physiotherapy and rehabilitation services over the
course of the past ten years is driven by various industry tailwinds, including
the shift to value-based care and the great socioeconomics in the U.S. population.
Expanded interest in physical therapy administrations has caused the business
to grow significantly. Chronic disorders like
dementia, heart disease, type 2 diabetes, arthritis and cancer are made more
likely by aging. These are the main causes of illness, disability, mortality and medical expense in North America. Moreover, an increasing number of Physiotherapy
& Rehabilitation Products & Services from key players have been
increasing at a faster rate in the region.
However, the Rest of the world is poised to be the fastest growing segment with a CAGR of 7.3% during the forecast period of 2022-2027 owing to the rapid improvement in healthcare systems. The physiotherapy and rehabilitation services industry in the other parts of the world such as Asia, Africa and the Middle East is an industry with minimal competition. For Instance, in the Asian region where developing countries such as China and India are starting to ramp up efforts to transform the Physiotherapy & Rehabilitation Products & Services industry into the mainstream.
Physiotherapy & Rehabilitation Products & Services Market Drivers
Rising Incidence of Joint Replacements to Fuel Market Growth:
to a study published in The Journal of Rheumatology, projections of the yearly
rates of total hip arthroplasty (THA) and total knee arthroplasty between the
years 2020 and 2040 show that a significant increase is anticipated overall, as
well as across age groups and both sexes. According to The University of
California, total knee replacements will increase by over 200% by 2030. Following the first total hip or knee replacement surgery, physiotherapy rehabilitation is
considered the gold standard and crucial component of care. The question of
whether physiotherapy should begin before surgery is one that is gaining
popularity thus enhancing the
Growing Adoption of Telehealth Services to Provide New Growth Avenue to the Market.
The rapid surge in the adoption of telehealth services by the global population post the
COVID-19 pandemic is a major factor contributing to the rapid growth of the Physiotherapy & Rehabilitation Products & Services market size as they helped provide
patients access to low-cost physiotherapy and rehabilitation services even
during COVID-19 lockdowns and restrictions. According to WHO report 2020, among
the countries reporting service disruptions, globally 58% of countries are now
using telehealth services to replace in-person consultations and in low-income
countries, this figure is 42%.
Physiotherapy & Rehabilitation Products & Services Market Challenges
Global Shortage of Trained Physiotherapists to Impede Market Growth
The shortage of trained and experienced physiotherapists for cryotherapy, hydrotherapy and electrotherapy is a major reason that is hampering the growth of the market during the forecast period, as it is reducing the accessibility of physiotherapy services to the population. Besides, the lower number of therapists and the growing patient population for cardiopulmonary, musculoskeletal and Neurological disorder is also causing an increase in waiting time and session costs. Meanwhile, according to the Chartered Society of Physiotherapy (CSP), there is a shortage of physiotherapists in all parts of the UK. Approximately 70% of the registered physios work directly for the National Health Service (NHS). The NHS national vacancy rates were estimated to be between 6% and 20% in 2020. Moreover, private and charitable services are also facing similar shortages of physiotherapists in the UK further limiting the market growth.
Physiotherapy & Rehabilitation Products & Services Industry Outlook
Product Launch and Acquisitions were the key
strategies adopted by players in the Physiotherapy & Rehabilitation
Products & Services Market. In 2022, the Physiotherapy & Rehabilitation
Products & Services Market share is consolidated by the top ten players
present in the market. Physiotherapy & Rehabilitation Products & Services
top 10 companies include: -
- U.S. Physical Therapy Inc.
- Select Medical Corporation
- ATI Physical Therapy, Inc.
- Upstream Rehabilitation Inc.
- Impact Physio
- Physio Asia
- DJO, LLC
- Dynatronics Corporation
- Ito Co. Ltd.
- Enraf-Nonius B.V.
- In June 2022, Enovis, through its subsidiary DJO LLC announced the launch of their new ProCare MaxTrax 2.0 and MaxTrax 2.0 Air Walking Boots. The products will cater to individuals seeking customized healing with a personalized fit. The new MaxTrax 2.0 also provides pneumatic support with an inflatable, adjustable dual air-cell system.
- In May 2021, Ito Co., Ltd. Announced the reception of the 510(k) clearance by the U.S. Food and Drug Administration (FDA) and the subsequent release of their Dual Channel Electrical Muscle Stimulator, The D function. The product will be used to treat Temporomandibular joint dysfunction in the Masseter muscles and the Cervical Spine.
- In January 2021, Dynatronics Corporation announced the Launch of two new products which include a new bariatric stand-in table with a motorized patient lift and a premium laminated H-brace treatment table. The bariatric stand-in table is capable of lifting a 500-pound patient from a sitting position to a standing position.
Report Code: HCR 0367
Report Code: HCR 0176
Report Code: HCR 0311
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