2024-2033 Physical Therapy Supplies Market: Key Insights on Growth Opportunities
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What is the Expected Growth Trajectory for the Physical Therapy Supplies Market by 2033?
The physical therapy supplies market is projected to rise from $14.11 billion in 2023 to $14.96 billion in 2024, at a CAGR of 6%. Factors driving this growth include the increasing incidence of chronic diseases, healthcare expenditure growth, sports participation, and awareness of physical therapy benefits.
The physical therapy supplies market is expected to grow strongly, reaching $18.98 billion by 2028 at a CAGR of 6.1%. Growth drivers include the shift to home-based healthcare, preventive care focus, and expanding healthcare infrastructure. Key trends involve AI integration in telerehabilitation, VR-based rehabilitation, and innovations in therapy equipment.
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What Factors Are Leading to Growth in the 2024-2033 Physical Therapy Supplies Market: Key Insights on Growth Opportunities Market?
The rise in sports injuries is projected to boost the physical therapy supplies market. Such injuries often result from sudden trauma or improper techniques. Increased participation and inadequate training contribute to the surge in sports injuries. Physical therapy supplies are essential for rehabilitation, facilitating recovery for athletes. The National Safety Council reported an 8.9% increase in exercise-related injuries in 2022. Therefore, the prevalence of sports injuries is driving growth in the physical therapy supplies market.
Which Segments Play a Key Role in Understanding the Physical Therapy Supplies Market?
1) By Type: Hydrotherapy; Cryotherapy; Continuous Passive Motion; Ultrasound; Electric Stimulation; Heat Therapy; Therapeutic Exercise; Other Types
2) By Demographics: Non-Geriatric Population; Geriatric Population
3) By Application: Neurology; Musculoskeletal; Pediatrics; Cardiovascular And Pulmonary; Other Applications
4) By End Use: Hospitals And Clinics; Rehabilitation Centers; Other End-Uses
What Trends Are Emerging as Game-Changers in the Physical Therapy Supplies Market?
The physical therapy supplies market is focused on developing remote therapy solutions to improve patient access and treatment outcomes. In May 2021, Smith & Nephew PLC launched ARIA Home PT, a remote therapy solution that allows patients to engage in personalized physical therapy at home, facilitated by licensed therapists through advanced telehealth technology.
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Which Regions Are Setting the Pace for Physical Therapy Supplies Market Growth?
North America was the largest region in the physical therapy supplies market in 2023. The regions covered in the physical therapy supplies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Physical Therapy Supplies Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the physical therapy supplies market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Physical Therapy Supplies Market Include
1. Physical Therapy Supplies Market Executive Summary
2. Physical Therapy Supplies Market Segments
3. Physical Therapy Supplies Market Size And Template Market Growth Rate
4. Key Physical Therapy Supplies Market Trends
5. Major Physical Therapy Supplies Market Drivers
……
25. Key Mergers And Acquisitions In The Physical Therapy Supplies Market
26. Top Physical Therapy Supplies Companies
27. Physical Therapy Supplies Market Opportunities And Strategies
28. Physical Therapy Supplies Market, Conclusions And Recommendations
29. Appendix
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