Global Physiotherapy
Market Report
2024
The Global Physiotherapy market will be worth USD 15.1 billion in 2023 and expand at a compound yearly growth rate (CAGR) of 16.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Physiotherapy market will be worth USD 15.1 billion in 2023 and expand at a compound yearly growth rate (CAGR) of 16.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Physiotherapy Market Sales Revenue 2023 | $ 15.1 Billion |
Global Physiotherapy Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16.8% |
North America Physiotherapy Market Sales Revenue 2023 | $ 5889 Billion |
North America Physiotherapy Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 15% |
Europe Physiotherapy Market Sales Revenue 2023 | $ 4832 Billion |
Europe Physiotherapy Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 15.2% |
Asia Pacific Physiotherapy Market Sales Revenue 2023 | $ 3473 Billion |
Asia Pacific Physiotherapy Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 18% |
South America Physiotherapy Market Sales Revenue 2023 | $ 0.755 Billion |
South America Physiotherapy Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16% |
Middle East and Africa Physiotherapy Market Sales Revenue 2023 | $ 0.151 Billion |
Middle East and Africa Physiotherapy Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16.2% |
Market Split by Product |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Physiotherapy industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Physiotherapy Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behavior in the market. The rapidly growing geriatric population primarily drives the growth of this market, the subsequent increase in the global prevalence of chronic diseases, the increased incidence of sports injuries, the decline in joint disorders and cerebrovascular disease, and the rising demand for rehabilitative care. These strategies help key players capture a significant market share and compete in the dynamic Physiotherapy market.
For instance, in an article published in Science Advances in February 2023, researchers at Northwestern University developed an 'e-bandage' that accelerated healing by 30% through the delivery of electrotherapy to the wound site in diabetic patients.
(Source: biomaterials.org/publications/news/first-transient-electronic-bandage-speeds-healing-30-percent)
The global physiotherapy market is experiencing a surge in demand driven by a growing need for rehabilitative care. With an aging population and increased commonness of chronic conditions, there is a heightened focus on non-invasive treatments like physiotherapy to enhance mobility and manage pain. The emphasis on preventive healthcare and sports-related injuries further expands the market. Physiotherapy's effectiveness in post-surgery recovery and overall wellness is fostering increased acceptance. As a result, the physiotherapy market is positioned for significant growth, catering to the rising demand for comprehensive rehabilitative services worldwide.
For instance, in January 2022, BTL Industries (UK) acquired Schepp MedTech (US). This acquisition was carried out for robots to enhance BTL's already very complex physiotherapy product portfolio.
(Source: www.btlnet.com/news/btl-portofolio-increase-with-robotic-rehabilitation-devices)
The global physiotherapy market is poised for significant growth, driven by technological advancements in treatment modalities. Innovations like telehealth platforms, wearable devices, and robotics are transforming physiotherapy and enhancing patient care and outcomes. Tele-rehabilitation allows remote monitoring and guidance, expanding access to services. Wearable technologies enable personalized exercise programs and real-time data tracking. Robotics assist in rehabilitation exercises, catering to diverse patient needs. These technological breakthroughs improve treatment precision and address challenges like accessibility and convenience, fostering the expansion of the physiotherapy market on a global scale.
For instance, in January 2022, Zynex, Inc. (US) announced the launch of Post-operative and OA (Osteoarthritis) knee braces. Knee braces can limit the wear and tear on the affected joint, enabling inflammation to settle and reducing pain/degeneration of the affected knee joint, thereby delaying or minimizing the need for surgery.
The global physiotherapy market faces challenges due to an unstable reimbursement scenario, hindering potential growth. There needs to be more clarity in reimbursement policies for healthcare providers and patients seeking physiotherapy services. This instability may reduce affordability and accessibility, impacting the overall market expansion. Despite the increasing demand for physiotherapy services globally, the unpredictable reimbursement landscape poses a barrier to market growth, requiring strategic adaptations by industry stakeholders to navigate and address these challenges effectively.
The global physiotherapy market faced notable impacts from COVID-19, with disruptions in healthcare services, patient reluctance to seek in-person treatments, and the temporary closure of facilities. Telehealth solutions gained prominence for remote consultations, impacting traditional physiotherapy practices. The pandemic prompted an increased focus on home-based and virtual physiotherapy solutions, fostering technological advancements in the sector. Despite challenges, the market adapted, showcasing resilience and innovation in service delivery. As healthcare systems recover and adapt post-pandemic, the physiotherapy market is expected to witness a renewed emphasis on diverse treatment modalities, including a sustained integration of telehealth solutions.
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The global physiotherapy market is highly competitive, with key players vying for market share. Intense competition drives innovation, leading to the development of advanced rehabilitation technologies. Collaborations, partnerships, and strategic acquisitions are prevalent strategies among competitors to strengthen their market position. Additionally, a focus on expanding geographical presence and diversifying product portfolios contributes to the dynamic and competitive nature of the global physiotherapy market.
Top Companies Market Share in Physiotherapy Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 39% of the global revenue, owing to factors such as a rapidly aging population, increasing chronic diseases, and a growing awareness of the importance of physical therapy for overall health. Adopting advanced technologies in physiotherapy practices also contributes to the region's dominance.
Meanwhile, Europe is witnessing rapid growth due to the rising incidence of musculoskeletal disorders, neurological conditions, and sports injuries. Increased healthcare expenditure, favorable reimbursement policies, and a proactive approach to preventive healthcare further propel the physiotherapy market's expansion in Europe. The region's commitment to research and development in healthcare practices and technologies enhances its pace of growth.
The current report Scope analyzes Physiotherapy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, North America had the major market share in 2023. It accounted for a CAGR of 15.0% and more than 39% of the global revenue due to the region's robust healthcare infrastructure, increasing geriatric population, and a rising prevalence of musculoskeletal disorders driving the demand for physiotherapy services. Sports-related injuries and a focus on preventive healthcare further contribute to market growth. In North America, the dominating segment comprises orthopedic physiotherapy, addressing issues related to joints, muscles, and bones. Integrating advanced technologies like telehealth and wearable physiotherapy devices enhances accessibility. In conclusion, North America's physiotherapy market is poised for continued growth, propelled by a growing awareness of the importance of rehabilitation and the adoption of innovative approaches to deliver effective physical therapy services.
According to Cognitive Market Research, the European Physiotherapy market accounted for a CAGR of 15.2% and approximately 32% of the global revenue because the region embraces advanced healthcare practices and has a robust infrastructure for physiotherapy services. Physiotherapy, particularly in musculoskeletal and neurological disorders, dominates the market in Europe. The prevalence of lifestyle-related conditions, an aging population, and the emphasis on rehabilitation contribute to the high demand for physiotherapy services. The dominating segment includes outpatient physiotherapy clinics and rehabilitation centers. In conclusion, Europe's physiotherapy market is poised for continued expansion, driven by a growing awareness of the importance of physical rehabilitation, advancements in treatment modalities, and the region's commitment to healthcare excellence. The market presents significant opportunities for stakeholders in the physiotherapy sector.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for a CAGR of 18.0% and more than 23% of the global revenue due to a rising aging population, increasing commonness of chronic diseases, and growing awareness of the importance of physical health drive the demand for physiotherapy services. The dominating segment in the region includes musculoskeletal and orthopedic physiotherapy, addressing issues related to joints, muscles, and bones. As healthcare infrastructure improves and disposable incomes rise, the adoption of physiotherapy services in APAC is expected to escalate. In conclusion, the APAC physiotherapy market offers substantial opportunities for growth, propelled by demographic trends and a shifting focus towards preventive healthcare, making it a key region for physiotherapy market players.
According to Cognitive Market Research, Latin America accounted for a CAGR of 16.0% and more than 5% of the global Physiotherapy revenue in 2023 due to the rising musculoskeletal disorders and a growing aging population, driving the demand for physiotherapy services. The dominating segment in this market is orthopedic physiotherapy, addressing issues related to bones, muscles, and joints, which are prevalent in the region. Additionally, neurological physiotherapy is gaining traction due to a rising awareness of conditions such as stroke and spinal cord injuries. In conclusion, the LATAM physiotherapy market presents a promising landscape driven by a rising need for rehabilitation services. With an increasing focus on healthcare infrastructure, the region offers substantial opportunities for market players to cater to the growing demand for physiotherapy services.
According to Cognitive Market Research, the Middle East and Africa accounted for a CAGR of 16.2% and more than 1% of the global revenue in 2023 due to a rising prevalence of musculoskeletal disorders, coupled with a growing awareness of the importance of physical therapy. The dominating segment in this market includes orthopedic physiotherapy, addressing the high incidence of orthopedic conditions in the region. Additionally, neurology-focused physiotherapy has gained prominence due to the growing number of cases of neurological disorders. The market is further propelled by advancements in technology and an aging population. In conclusion, the MEA physiotherapy market offers substantial growth opportunities, driven by the rising demand for rehabilitation services, an expanding geriatric population, and an increasing emphasis on regional healthcare infrastructure development.
Global Physiotherapy Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Physiotherapy Industry growth. Physiotherapy market has been segmented with the help of its Product, Application , and others. Physiotherapy market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The global physiotherapy market is experiencing significant growth, driven by the increasing commonness of musculoskeletal disorders, a growing aging population, and a rising awareness of the importance of physical well-being. The market encompasses a diverse range of therapies, including manual therapy, exercise therapy, electrotherapy, and others. Manual therapy, involving hands-on techniques, holds a substantial share due to its effectiveness in treating various conditions. Exercise therapy is also a prominent segment, emphasizing the importance of physical activity in rehabilitation.
The equipment segment is characterized by a wide array of devices designed to aid physiotherapy interventions. It includes therapeutic exercise, electrotherapy, and heat and cold therapy devices. Technological advancements have led to the development of innovative equipment, such as wearable devices for monitoring and guiding exercises. The demand for rehabilitation equipment catering to patients recovering from surgeries or injuries is rising.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Physiotherapy Industry. Request a Free Sample PDF!
In the Musculoskeletal segment, physiotherapy interventions address conditions related to muscles, bones, joints, and soft tissues. The rising incidence of musculoskeletal disorders, sports injuries, and the aging population's demand for rehabilitative services contribute to the segment's growth. Physiotherapy treatments encompass exercises, manual therapy, and other modalities to restore mobility and functionality.
Simultaneously, the Cardiovascular and Pulmonary segment focuses on physiotherapy interventions for individuals with heart and lung conditions. With cardiovascular diseases and respiratory disorders becoming increasingly common globally, physiotherapy plays a crucial role in improving patients' quality of life. Cardiovascular and pulmonary physiotherapy may involve exercise programs, breathing exercises, and patient education to enhance cardiovascular endurance and respiratory function.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Physiotherapy market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Physiotherapy Market is witnessing significant growth in the near future.
In 2023, the Therapies segment accounted for noticeable share of global Physiotherapy Market and is projected to experience significant growth in the near future.
The Musculoskeletal segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Accord Medical Products Pvt. Ltd. , CB Physiotherapy and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Therapies, Equipment, Others |
Application | Musculoskeletal, Cardiovascular and pulmonary, Neurological, Pediatric, Others |
List of Competitors | Accord Medical Products Pvt. Ltd., AmeriCare Physical Therapy, CB Physiotherapy, Dr Spine Chiropractic Clinic Dynatronics Corp., Elam Sports Inc. Enovis Corp. GymnaUniphy NV, Kids Clinic India Private Ltd, Mettler Electronics Corp., Minsu Healing Oasis LLC, Zelus Health Care, Zimmer MedizinSysteme GmbH, A. Algeo Ltd., Arch Physiotherapy Clinic, EMS Physio Ltd., Full Motion Physical Therapy, PT Health, HMS Medical Systems |
This chapter will help you gain GLOBAL Market Analysis of Physiotherapy. Further deep in this chapter, you will be able to review Global Physiotherapy Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Physiotherapy Market Trends North America Physiotherapy Technological Road Map North America Physiotherapy Market Drivers North America Physiotherapy Market Restraints North America Physiotherapy Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Physiotherapy market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Therapies have a significant impact on Physiotherapy market? |
What are the key factors affecting the Therapies and Equipment of Physiotherapy Market? |
What is the CAGR/Growth Rate of Musculoskeletal during the forecast period? |
By type, which segment accounted for largest share of the global Physiotherapy Market? |
Which region is expected to dominate the global Physiotherapy Market within the forecast period? |
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