Physiotherapy market size to grow by USD 6.00 billion from 2021 to 2026; Growth driven by growing number of healthcare providers - Technavio

NEW YORK, April 14, 2023 /PRNewswire/ -- The physiotherapy market size is forecasted to increase by USD 6.00 billion from 2021 to 2026, at a CAGR of 5.44%, according to the recent market study by Technavio. The growth of the market will be driven by the growing number of healthcare providers, the rising older population, and the growing use of portable physiotherapy equipment in sports. Charts & data tables about market and segment sizes for the forecast period (2022-2026) have been covered in this report. Download the Sample Report

Vendor Analysis

The global physiotherapy market is fragmented, with the presence of several vendors. The market is witnessing consolidation, with major vendors acquiring smaller vendors in the past few years. International vendors in this market are forming strategic alliances and focusing on M&A activities to enhance their service and customer base and raise their investments in increasing their healthcare equipment segment. The development of physiotherapy equipment with enhanced capabilities and partnerships with local distributors for geographical expansion are other growth strategies adopted by market players. Some of the key vendors covered in the report include:

• A. Algeo Ltd. - The company offers physiotherapy products such as foot orthotics and mobile podiatry.
• Accord Medical Products Pvt. Ltd. - The company offers physiotherapy products such as hydrotherapy equipment, heat and cold therapy, and electrotherapy equipment.
• AmeriCare Physical Therapy - The company offers physiotherapy services such as occupational therapy, home care, and telehealth.
• BTL Group - The company offers physiotherapy products such as focused shockware, super inductive system, and CPMotion.
• CB Physiotherapy
• Colfax Corp.
• Dynatronics Corp.
• Elam Sports Inc.
• EMS Physio Ltd.
• Enraf Nonius BV
• FullMotion Physical Therapy
• Gryt Inc.
• GymnaUniphy NV
• HMS Group
• Mettler Electronics Corp.
• Minsu Healing Oasis LLC
• Patterson Companies Inc.
• PT Health
• Rehab Alternatives PLLC
• Zynex Inc.

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Market Segmentation:

The market is segmented by therapy (therapies, equipment, and others) and geography (North America, Europe, Asia, and Rest of World (ROW)).

• The market growth in the therapies segment will be significant over the forecast period. The growing disposable incomes and rising healthcare funding have increased access to advanced healthcare facilities that cater to patients with various diseases, such as cardiovascular diseases, neurological diseases, and musculoskeletal problems. This is increasing the demand for physiotherapy treatment that may be required during the recovery phase. In addition, the rising prevalence of lifestyle-related diseases, such as diabetes, obesity, cardiovascular disorders, and strokes, has subsequently raised the demand for physiotherapy treatments. Such factors are driving the growth of the segment.
• North America will account for 37% of the market growth during the forecast period. The growth of the regional market can be attributed to the presence of favorable conditions, the presence of well-developed healthcare facilities, and the higher disposable income of people. Increased investments in the healthcare infrastructure and the high awareness of physiotherapy in developed countries, such as the US, are also contributing to the overall growth of the physiotherapy market in North America.

Market Dynamics:

Key Drivers:

The growth of the market is driven by the growing number of healthcare providers. The prevalence of various chronic diseases, epidemics, and disabilities is increasing with the growing global population. This has increased the footfall of patients, which has consequently increased the number of diagnostics centers, clinics, hospitals, and patient care centers globally. Physiotherapy products are used in hospitals and healthcare services for the treatment of various medical conditions during the recovery phase. Thus, the increasing number of healthcare service providers is expected to drive the growth of the market during the forecast period.

Major Trends:

Enhancement in post-treatment services is identified as the key trend in the market. Healthcare facilities such as hospitals provide post-treatment services, such as critical care and intensive care, to help patients recover quickly. This is done under the observation of the medical staff. Physiotherapy is one of the treatment options that medical facilities offer during the recovery phase. Patients might be advised to undergo physiotherapy during the recovery from an illness, which leads to the increased use of physiotherapy products. These factors are supporting the growth of the market.

Key Challenges:

Less insurance coverage and medical reimbursement will challenge the growth of the market. Medical reimbursement policies in developing countries are less structured than in developed countries. This prevents patients from availing of medical reimbursements and modern healthcare facilities. Thus, the low patient count reduces the demand for physiotherapy services, which negatively affects the growth of the market in focus.

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What are the key data covered in this physiotherapy market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the physiotherapy market between 2022 and 2026
• Precise estimation of the size of the physiotherapy market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the physiotherapy market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of physiotherapy market vendors

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• The sciatica treatment market size is expected to increase by USD 2.52 billion from 2021 to 2026, and the market's growth momentum will decelerate at a CAGR of 4.3%. The market is segmented by type (non-surgical treatment and surgical treatment) and geography (North America, Europe, Asia, and Rest of World (ROW)).

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Therapy
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Therapy

• 5.1 Market segments 
• Exhibit 24: Chart on Therapy - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Therapy - Market share 2021-2026 (%)

• 5.2 Comparison by Therapy 
• Exhibit 26: Chart on Comparison by Therapy
• Exhibit 27: Data Table on Comparison by Therapy

• 5.3 Therapies - Market size and forecast 2021-2026
• Exhibit 28: Chart on Therapies - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Therapies - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Therapies - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Therapies - Year-over-year growth 2021-2026 (%)

• 5.4 Equipment - Market size and forecast 2021-2026
• Exhibit 32: Chart on Equipment - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Equipment - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Equipment - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Equipment - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026
• Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Therapy 
• Exhibit 40: Market opportunity by Therapy ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026
• Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
• Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Denmark - Market size and forecast 2021-2026
• Exhibit 66: Chart on Denmark - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Denmark - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Denmark - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Denmark - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Canada - Market size and forecast 2021-2026
• Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.11 India - Market size and forecast 2021-2026
• Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 A. Algeo Ltd. 
• Exhibit 89: A. Algeo Ltd. - Overview
• Exhibit 90: A. Algeo Ltd. - Product / Service
• Exhibit 91: A. Algeo Ltd. - Key offerings

• 10.4 Accord Medical Products Pvt. Ltd. 
• Exhibit 92: Accord Medical Products Pvt. Ltd. - Overview
• Exhibit 93: Accord Medical Products Pvt. Ltd. - Product / Service
• Exhibit 94: Accord Medical Products Pvt. Ltd. - Key offerings

• 10.5 AmeriCare Physical Therapy 
• Exhibit 95: AmeriCare Physical Therapy - Overview
• Exhibit 96: AmeriCare Physical Therapy - Product / Service
• Exhibit 97: AmeriCare Physical Therapy - Key offerings

• 10.6 BTL Group 
• Exhibit 98: BTL Group - Overview
• Exhibit 99: BTL Group - Product / Service
• Exhibit 100: BTL Group - Key offerings

• 10.7 Colfax Corp. 
• Exhibit 101: Colfax Corp. - Overview
• Exhibit 102: Colfax Corp. - Business segments
• Exhibit 103: Colfax Corp. - Key news
• Exhibit 104: Colfax Corp. - Key offerings
• Exhibit 105: Colfax Corp. - Segment focus

• 10.8 Dynatronics Corp. 
• Exhibit 106: Dynatronics Corp. - Overview
• Exhibit 107: Dynatronics Corp. - Business segments
• Exhibit 108: Dynatronics Corp. - Key offerings
• Exhibit 109: Dynatronics Corp. - Segment focus

• 10.9 Elam Sports Inc. 
• Exhibit 110: Elam Sports Inc. - Overview
• Exhibit 111: Elam Sports Inc. - Product / Service
• Exhibit 112: Elam Sports Inc. - Key offerings

• 10.10 EMS Physio Ltd. 
• Exhibit 113: EMS Physio Ltd. - Overview
• Exhibit 114: EMS Physio Ltd. - Product / Service
• Exhibit 115: EMS Physio Ltd. - Key offerings

• 10.11 Enraf Nonius BV 
• Exhibit 116: Enraf Nonius BV - Overview
• Exhibit 117: Enraf Nonius BV - Product / Service
• Exhibit 118: Enraf Nonius BV - Key offerings

• 10.12 FullMotion Physical Therapy 
• Exhibit 119: FullMotion Physical Therapy - Overview
• Exhibit 120: FullMotion Physical Therapy - Product / Service
• Exhibit 121: FullMotion Physical Therapy - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 122: Inclusions checklist
• Exhibit 123: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 124: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 125: Research methodology
• Exhibit 126: Validation techniques employed for market sizing
• Exhibit 127: Information sources

• 11.5 List of abbreviations 
• Exhibit 128: List of abbreviations

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