Physiotherapy and Rehabilitation Products & Services Market

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 and 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 and Services Market Forecast (2022-2027)” by Industry ARC, covers an in-depth analysis of the following segments in the Physiotherapy & Rehabilitation Products and Services Market.

• by Service Type: Physiotherapy (Hydrotherapy, Cryotherapy, CPM, Ultrasound, Electric Stimulation, Heat Therapy, Therapeutic Exercise, Physio-games and others) Rehabilitation (Speech Therapy, Occupational Therapy, Respiratory Therapy and Others).
• by Delivery Mode: Online (Virtual Reality, 3D Motion- Capture Technology, Tele-Rehabilitation and Others) Offline.
• by Age Group: Pediatric (0-18), Young Adult (19-35), Middle Aged (36-49), Older Adults (50-64), Seniors (65-85), Elders (Above 85).
• by Application: Physiotherapy: Oncology (Breast Cancer, Lung Cancer, Colon Cancer, Prostate Cancer, Bladder Cancer and Others), Joint and Auto-immune Conditions (Osteoarthritis, Lupus, Rheumatoid arthritis, Psoriatic arthritis and Others. Neurology (Multiple Sclerosis, Parkinson’s Disease, Stroke/CVA/TIA, Dementia, Alzheimer’s, Huntingdon’s Disease, Fibromyalgia and Others. Cardiovascular (CVD (Cardiovascular disease), Heart attack, Ischemic/Coronary Heart Disease, Heart failure, High cholesterol, High blood pressure/hypertension and Others), Pulmonary/Respiratory (COPD, Emphysema, Bronchitis, Cystic Fibrosis, Asthma, Interstitial lung disease & Others, Orthopedic (Osteoporosis / Osteopenia, Muscular Dystrophy, Paget’s Disease of bone & Others). Metabolic (Type 1 Diabetes, Type 2 Diabetes, Others. Nephrology (Chronic kidney disease, Others. Uro-gynaecology (Pelvic floor dysfunction, Incontinence, Others) Pain (Chronic Joint Pain, Chronic Nerve Pain (E.G. Sciatica, Carpal Tunnel Syndrome, Others) Headaches (E.G. Tension-Type, Migraine, Cluster, Others), Lower Back Pain, Others), Psychological & Mental Health (Depression, Anxiety, Eating Disorders, Cognitive or Learning Disabilities, Invisible Disabilities, Others) Others, Chronic Fatigue Syndrome, Obesity, Vertigo/Imbalance, Vision Disability, Hearing Disability, Others), Rehabilitation (Occupational Rehabilitation & Training, Strength, Endurance, & Pain Reduction) Physical & Mental Rehabilitation & Training (Ankle, Shoulder, Elbow, Hip, Wrist, Spine (Lumbar / Low Back) Spine (Thoracic/Rib Cage), Neck, Hands, Feet, knee, Pelvic, Head injuries/brain disability, Vision disability, Hearing disability, Cognitive or learning disabilities, Psychological disorders, Invisible disabilities and others.
• by Payment Mode: Out-of-Pocket, Insurance Payers.
• by Gender: Male, Female.
• by Employment Status: Employed, Unemployed, Retired.
• by Income Group: Low, Middle, High.
• by Product Type: Physiotherapy (Equipment) (Cryotherapy, Laser Therapy, Ultrasound, Electrotherapy, Exercise Therapy, Traction Therapy, Magnetic and Pressure therapy, Combination Therapy, Shockwave Therapy and Others) Accessories (Physiotherapy Furniture, Physiotherapy tapes and Bandages).

Rehabilitation (Mobility) (Power Wheelchairs, Mobility Scooters, Wheelchairs & Scooters, Manual Wheelchairs, Walkers, Canes, Crutches) Body Support Devices (Slings, Patient Lifts, Others) Exercise (Lower Body Exercise, Upper Body Exercise, Full Boy Exercise) Daily living Aids (Medical Beds, Reading, Writing, & Computing Aids, Bathroom & Toilet Assist Devices, Others) Therapy Equipment.

• by End-user: Hospitals, Physiotherapy Centers/Clinics, Rehabilitation Centers, Home Care Settings, Physician Offices, Nursing & Residential Homes, Others.
• by Geography: the U.S, Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Rest of the World.

Key Takeaways

• The North American Physiotherapy & Rehabilitation Products and 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 and 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 and 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 and Services Market report.

Physiotherapy & Rehabilitation Products and Services Market Segment Analysis - by Service Type

Physiotherapy & Rehabilitation Products and 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 and 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 rehabilitation.

Physiotherapy & Rehabilitation Products and Services Market Segment Analysis - by End-user

The Physiotherapy & Rehabilitation Products and 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 and 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 and Services Market Segment Analysis - by Geography

The Global Demand for Physiotherapy & Rehabilitation Products and 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 and 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 and 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 and Services industry into the mainstream.

Physiotherapy & Rehabilitation Products and Services Market Drivers

Rising Incidence of Joint Replacements to Fuel Market Growth:

According 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 Physiotherapy & Rehabilitation Products and Services Market size.

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 and 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 and 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 and Services Industry Outlook

Product Launch and Acquisitions were the key strategies adopted by players in the Physiotherapy & Rehabilitation Products and Services Market. In 2022, the Physiotherapy & Rehabilitation Products and Services Market share is consolidated by the top ten players present in the market. Physiotherapy & Rehabilitation Products and 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.

Recent Developments

• 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.

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