How Is the Aging Population Impacting the Physiotherapy Equipment & Accessories Market Worth $27.62 Billion by 2030?
The Physiotherapy Equipment & Accessories Market is on track to reach $27.62 billion by 2030, growing at a CAGR of 5.5% from 2023. This market is essential for supporting patients in recovering lost mobility due to various health conditions, with diverse equipment available for targeted treatments.
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Growth Factors :
- Aging Demographics : The rapid growth of the elderly population, with projections of over 1.6 billion people aged 65 and older by 2050, is a significant driver. Conditions like osteoporosis and arthritis are prevalent among seniors, necessitating effective physiotherapy interventions.
- Chronic Illnesses : The increasing incidence of chronic diseases such as rheumatoid arthritis and osteoarthritis among the elderly drives demand for physiotherapy to manage these conditions.
- Lifestyle Impacts : Sedentary lifestyles have led to a rise in physical injuries, further propelling the need for physiotherapy solutions.
Market Segments :
- Equipment : Dominates the market due to its high cost and extensive use in various treatments. Equipment like electrotherapy and cryotherapy devices are crucial for effective physiotherapy.
- Musculoskeletal Applications : Expected to hold the largest market share due to the prevalence of musculoskeletal disorders.
- Hospitals & Clinics : The primary market segment, driven by high patient volumes and the need for post-surgical and therapeutic care.
Regional Highlights :
- Asia-Pacific : The fastest-growing region, driven by demographic changes, increased healthcare expenditure, and rising numbers of physiotherapy centers.
Key Players
- The key players profiled in the physiotherapy equipment & accessories market study are Enraf-Nonius B.V. (Netherlands), BTL (U.K.), EMS Physio LTD. (U.K.), Dynatronics Corporation (U.S.), Richmar (U.S.), STORZ MEDICAL AG (Switzerland), Enovis Corporation (U.S.), Zimmer MedizinSysteme GmbH (Germany), Mectronic Medicale S.r.l. (Italy), Ito Co., Ltd. (Japan), Zynex, Inc. (U.S.), and A. Algeo Ltd (U.K.).
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