Physiotherapy equipment are medical devices used in physiotherapy treatment for physical therapy, physical rehabilitation and for prevention of physical disabilities. Physiotherapy equipment such as combination therapy devices, cardiovascular devices, continuous passive motion devices, cryotherapy devices, electrical stimulation devices, heat therapy devices, LED and laser therapy devices, multimodal therapy devices, ultrasound devices, and traction devices are used to treat sports injuries, postoperative management, fractures, arthritis, cardiovascular diseases and various other physical disorders. The global Physiotherapy Equipment Market is estimated to be valued at US$ 28.41 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising cases of sports injuries is a major factor fueling the growth of the physiotherapy equipment market. According to recent statistics, each year over 3.5 million basketball injuries and over 2.6 million soccer injuries are recorded in the US alone. Physiotherapy plays a vital role in treatment and recovery from various sports injuries involving muscles, joints, tendons and ligaments. With increasing participation in sports and recreational activities worldwide, the demand for physiotherapy equipment for sports injury management is growing substantially. Physiotherapy modalities such as electrical stimulation, ultrasound, continuous passive motion devices and heat therapy are extensively utilized in sports medicine centers and physiotherapy clinics to treat acute and chronic sports injuries. This widespread application of physiotherapy equipment in professional sports medicine as well as amateur sports rehabilitation is contributing significantly to the market growth.

Segment Analysis

The global Physiotherapy Equipment market is dominated by the electrotherapy equipment segment which accounts for over 30% of the total market share. Electrotherapy equipment includes TENS (Transcutaneous Electrical Nerve Stimulation) devices, neuromuscular electrical stimulation devices, and combination electrotherapy devices. This segment is dominating due to the increasing use of electrotherapy devices for the treatment of various musculoskeletal conditions like arthritis, sports injuries, and chronic pain.

Key Takeaways

The Global Physiotherapy Equipment Market Size is expected to witness high growth over the forecast period of 2024 to 2031. The market size is projected to reach US$ 28.41 Billion by 2024.

Regional analysis: North America is currently the dominant region in the global Physiotherapy Equipment market owing to growing geriatric population and rising incidences of sports injuries and chronic disorders like arthritis in the region. Increased availability of advanced physiotherapy devices and favorable reimbursement policies are further fueling market growth in North America. Asia Pacific is expected to be the fastest growing region during the forecast period due to growing healthcare infrastructure, increasing healthcare expenditure, and rising awareness about physiotherapy.

Key players operating in the Physiotherapy Equipment market are Abbott Laboratories, Agilent Technologies, GE Healthcare, F. Hoffmann-La Roche Ltd, and AYOXXA Biosystems GmbH. Abbott Laboratories and GE Healthcare currently hold the largest market shares due to their robust product portfolios and wide geographical presence across the globe.

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