Physical Therapy Equipment Market Research Report - Global Forecast till 2027

Global Physical Therapy Equipment Market Research Report: By Product (Equipment, Accessories), By Application (Musculoskeletal Applications, Neurological Applications, Pediatric Applications, Others) and By End-User (Hospitals and Clinics, Physiotherapy Centers, Home Care Settings) - Forecast to 2027

ID: MRFR/HC/6903-HCR | February, 2021 | Region : Global

Market Forecast


Global Physical Therapy Equipment Market is expected to hold a value of USD 19,100 Million by 2025 at a CAGR of 6.21%.


Market Synopsis


There has been a high level of technological improvement in physical therapy equipment in the past few years, which is fueling the global market growth. Also, as physical therapy equipment is designed specifically to assist people to either regain or improve their physical abilities; thus, number of companies are investing in this market.


Market Influencer


The increasing initiatives by public and private companies boost market growth. The growing number of equipment launches also acquisitions and mergers of key players in the market are likely to act as a promising factor for the growth in the near future.  For instance, in February 2019, Colfax acquired DJO Global, Inc. for USD 3.15 billion. This helps Colfax to widen its product portfolio in the orthopedic segment.


Market Drivers



  • Growing prevalence of orthopedic disorders

  • Rising geriatric population

  • Rising incidence of sport injuries

  • Increasing awareness about physical therapy equipment

  • Rising incidences of road accidents

  • Huge number of R&D activities in the field of physiotherapy

  • Upsurging support by public and private companies

  • Increasing mergers and acquisitions by prominent players in the market. For instance, in April 2017, Dynatronics’s acquired Hausmann Industries, a manufacturer of branded, high-quality physical therapy and athletic training products. With this acquisition, the company aimed to increase business in the physical therapy equipment market

  • Growing government schemes promoting the use of rehabilitation equipment


Market Restraints



  • Inadequate reimbursement policies for physiotherapy

  • Lack of trained and skilled personnel


Segmentation


By Product



  • Equipment: Expected to hold the largest share, owing to the wide range of applications it offers. The type of equipment is electrotherapy equipment, ultrasound equipment, exercise therapy equipment, cryotherapy equipment, combination therapy equipment, continuous passive motion (CPM) therapy equipment, shockwave therapy equipment, laser therapy equipment, traction therapy equipment, magnetic therapy equipment, and others.

  • The use of physical therapy equipment is increased due to the global increase in orthopedic diseases. For example, approximately 80% of Americans will experience back problems at some point in their lives.  Also, an estimated 10% of the world’s population suffers from lower back pain.

  • Accessories: This is expected to be the fastest segment attributed to increasing use of physical therapy equipment for the cure of musculoskeletal diseases. The accessories segment is further divided into two types, namely, physiotherapy furniture and physiotherapy tapes and bandages.


By Application



  • Musculoskeletal Applications: Expected to hold the largest share, owing to increasing incidence of musculoskeletal disorders and also increasing the geriatric population.

  • Neurological Applications: This is expected to hold the fastest segment is attributed to an increase in prevalence of neurological diseases such as paralytic attacks and strokes.

  • Cardiovascular & Pulmonary Applications: The cardiovascular and pulmonary applications segment is witnessing significant growth due to increasing prevalence of cardiovascular diseases and chronic obstructive pulmonary disease (COPD).

  • Pediatric Applications: Increased use of physical therapy for musculoskeletal (MSK) disorders in children.

  • Gynecological Applications: The role of physiotherapy is in obstetrics and gynecology involves pregnancy, labor, and the puerperium, preoperative, and postoperative periods.

  • Others: Other applications include rehabilitation centers where the use of physical therapy is increasing.


By End-User



  • Hospitals and Clinics: Hospitals and clinics are expected to hold the largest segment due to usually a large patient pool and advanced physical therapy setups in hospitals based on the need of patients. Growing awareness about new physical therapy is projected to drive the growth of this segment during the forecast period.

  • Physiotherapy Centers: Expected to hold the fastest segment, owing to growing awareness about new physical therapy among the population.

  • Home Care Settings: Many companies launching the range of physical therapy devices available for use at home.


By Region



  • Americas: The largest regional market. Countries such as the US and Canada have well-established physical therapy centers which constitute advanced physical therapy systems and instruments. This contributes to the growth of the physical therapy equipment market in this region.



  • Europe: The Europe market is expected to hold the second-largest market due to increasing prevalence of neurological disorders, orthopedic problems coupled with cardiopulmonary diseases in the region.



  • Asia-Pacific: The Asia-Pacific region is anticipated to be the fastest-growing region in the global physical therapy equipment market. This is due to the increasing geriatric population and a large number of patients suffering from neurological diseases in China and Japan.



  • Middle East & Africa: The smallest market due to limited healthcare infrastructure and limited exposure to technological advancements.


Key Players



  • DJO Global, Inc. (US)

  • BTL Industries (US)

  • Enraf-NoniUS B.V (Europe)

  • Dynatronics Corporation (US)

  • EMS Physio (UK)

  • ITO Co. Ltd (Japan)

  • Mectronic Medicale (Europe)

  • Performance Health (Subsidiary of Madison Dearborn Partners) (US)

  • Whitehall Manufacturing (US)

  • Zimmer Medizinsysteme GmbH (Germany)

  • Colfax Corporation (US)

  • STORZ MEDICAL (US)

Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Physical Therapy Equipment Market, by Product

1.1.2. Global Physical Therapy Equipment Market, by Application

1.1.3. Global Physical Therapy Equipment Market, by End User

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Data Mining

3.3. Secondary Research

3.4. Primary Research

3.5. Breakdown of Primary Respondents

3.6. Forecasting Techniques

3.7. Research Methodology for Market Size Estimation

3.8. Bottom-Up Approach

3.9. Top-Down Approach

3.10. Data Triangulation

3.11. Validation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis

5.2.1. R&D and Designing

5.2.2. Manufacturing

5.2.3. Distribution & Sales

5.2.4. Post Sales Services

6. GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT

6.1. Overview

6.2. Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.1. Electrotherapy Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.2. Ultrasound Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.3. Exercise Therapy Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.4. Cryotherapy Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.5. Combination Therapy equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.6. Continuous Passive Motion (CPM) Therapy Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.7. Shockwave Therapy Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.8. Laser Therapy Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.9. Traction Therapy Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.10. Magnetic Therapy Equipment

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.2.11. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3. Accessories

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3.1. Physiotherapy Furniture

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3.2. Physiotherapy Tapes and Bandages

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7. GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION

7.1. Overview

7.2. Musculoskeletal Applications

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3. Neurological Applications

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.4. Cardiovascular & Pulmonary Applications

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.5. Pediatric Applications

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.6. Gynecological Applications

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.7. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8. GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER

8.1. Overview

8.2. Hospitals and Clinics

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.3. Physiotherapy Centers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.4. Home Care Settings

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.5. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9. GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET, BY REGION

9.1. Overview

9.2. Americas

9.2.1. North America

9.2.1.1. US

9.2.1.2. Canada

9.2.2. Latin America

9.3. Europe

9.3.1. Western Europe

9.3.1.1. Germany

9.3.1.2. France

9.3.1.3. Italy

9.3.1.4. Spain

9.3.1.5. UK

9.3.1.6. Rest of Western Europe

9.3.2. Eastern Europe

9.4. Asia-Pacific

9.4.1. Japan

9.4.2. China

9.4.3. India

9.4.4. Australia

9.4.5. South Korea

9.4.6. Rest of Asia-Pacific

9.5. Middle East & Africa

9.5.1. Middle East

9.5.2. Africa

10. COMPANY LANDSCAPE

10.1. Overview

10.2. Competitor Dashboard

10.3. Major Growth Strategy in the Global Physical Therapy Equipment Market

10.4. Competitive Benchmarking

10.5. The Leading Player in terms of Number of Developments in the Global Physical Therapy Equipment Market

10.6. Key Developments & Growth Strategies

10.7. Major Players Financial Matrix & Market Ratio

11. COMPANY PROFILES

11.1. DJO Global, Inc.

11.1.1. Company Overview

11.1.2. Products/Services Offered

11.1.3. Financial Overview

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. BTL Industries

11.3. Enraf-NoniUS B.V

11.4. Dynatronics Corporation

11.5. EMS Physio

11.6. ITO Co. Ltd

11.7. Mectronic Medicale

11.8. Performance Health (Subsidiary of Madison Dearborn Partners)

11.9. Whitehall Manufacturing

11.10. Zimmer Medizinsysteme GmbH (Germany)

11.11. Others

12. APPENDIX

12.1. References

12.2. Related Reports


LIST OF TABLES

TABLE 1 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET SYNOPSIS, 2020-2027

TABLE 2 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET ESTIMATES & FORECAST, 2020-2027 (USD MILLION)

TABLE 3 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 4 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 5 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 6 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 7 NORTH AMERICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 8 NORTH AMERICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 9 NORTH AMERICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 10 US: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 11 US: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 12 US: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 13 CANADA: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 14 CANADA: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 15 CANADA: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 16 LATIN AMERICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 17 LATIN AMERICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 18 LATIN AMERICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 19 EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 20 EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 21 EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 22 WESTERN EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 23 WESTERN EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 24 WESTERN EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 25 EASTERN EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 26 EASTERN EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 27 EASTERN EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 28 ASIA-PACIFIC: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 29 ASIA-PACIFIC: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 30 ASIA-PACIFIC: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 31 MIDDLE EAST & AFRICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY PRODUCT, 2020-2027 (USD MILLION)

TABLE 32 MIDDLE EAST & AFRICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

TABLE 33 MIDDLE EAST & AFRICA: PHYSICAL THERAPY EQUIPMENT MARKET, BY END USER, 2020-2027 (USD MILLION)


LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET

FIGURE 4 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY PRODUCT, 2020 (%)

FIGURE 5 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY APPLICATION, 2020 (%)

FIGURE 6 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY END USER, 2020 (%)

FIGURE 7 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY REGION, 2020 (%)

FIGURE 8 AMERICAS: PHYSICAL THERAPY EQUIPMENT MARKET SHARE BY REGION, 2020 (%)

FIGURE 9 NORTH AMERICA: PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 10 EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY REGION, 2020 (%)

FIGURE 11 WESTERN EUROPE: PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 12 ASIA-PACIFIC: PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 13 MIDDLE EAST & AFRICA: PHYSICAL THERAPY EQUIPMENT MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 14 GLOBAL PHYSICAL THERAPY EQUIPMENT MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

FIGURE 15 DJO GLOBAL, INC: KEY FINANCIALS

FIGURE 16 DJO GLOBAL, INC: SEGMENTAL REVENUE

FIGURE 17 DJO GLOBAL, INC.: REGIONAL REVENUE

FIGURE 18 BTL INDUSTRIES: KEY FINANCIALS

FIGURE 19 BTL INDUSTRIES: SEGMENTAL REVENUE

FIGURE 20 BTL INDUSTRIES: REGIONAL REVENUE

FIGURE 21 ENRAF-NONIUS B.V: KEY FINANCIALS

FIGURE 22 ENRAF-NONIUS B.V: SEGMENTAL REVENUE

FIGURE 23 ENRAF-NONIUS B.V: REGIONAL REVENUE

FIGURE 24 DYNATRONICS CORPORATION: KEY FINANCIALS

FIGURE 25 DYNATRONICS CORPORATION: SEGMENTAL REVENUE

FIGURE 26 DYNATRONICS CORPORATION: REGIONAL REVENUE

FIGURE 27 EMS PHYSIO: KEY FINANCIALS

FIGURE 28 EMS PHYSIO: SEGMENTAL REVENUE

FIGURE 29 EMS PHYSIO: REGIONAL REVENUE

FIGURE 30 ITO CO. LTD: KEY FINANCIALS

FIGURE 31 ITO CO. LTD: SEGMENTAL REVENUE

FIGURE 32 ITO CO. LTD: REGIONAL REVENUE

FIGURE 33 MECTRONIC MEDICALE: KEY FINANCIALS

FIGURE 34 MECTRONIC MEDICALE: SEGMENTAL REVENUE

FIGURE 35 MECTRONIC MEDICALE: REGIONAL REVENUE

FIGURE 36 PERFORMANCE HEALTH: KEY FINANCIALS

FIGURE 37 PERFORMANCE HEALTH: SEGMENTAL REVENUE

FIGURE 38 PERFORMANCE HEALTH: REGIONAL REVENUE

FIGURE 39 WHITEHALL MANUFACTURING: KEY FINANCIALS

FIGURE 40 WHITEHALL MANUFACTURING: SEGMENTAL REVENUE

FIGURE 41 WHITEHALL MANUFACTURING: REGIONAL REVENUE

FIGURE 42 ZIMMER MEDIZINSYSTEME GMBH: KEY FINANCIALS

FIGURE 43 ZIMMER MEDIZINSYSTEME GMBH: SEGMENTAL REVENUE

FIGURE 44 ZIMMER MEDIZINSYSTEME GMBH: REGIONAL REVENUE




This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.

Physical Therapy Equipment Market