How Will The Hydrotherapy Equipment Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s hydrotherapy equipment market report forecasts the hydrotherapy equipment market size to grow to $3.45 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.
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Hydrotherapy Equipment Market Size Forecast
The global hydrotherapy equipment market is expected to grow from $2.67 billion in 2022 to $2.83 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrotherapy equipment market size is expected to reach $3.45 billion in 2027 at a CAGR of 5.1%.
North America held the largest hydrotherapy equipment market share.
Key Hydrotherapy Equipment Market Driver – Rise In Number Of Spinal Cord Injuries
According to the United Spinal Association, a disability rights and veterans support organisation established in the United States, around 17,700 Americans will have a spinal cord injury in July 2022, with approximately 78% of those injured being men. As a result, the growing number of spinal cord injuries is propelling the hydrotherapy equipment market ahead.
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Key Hydrotherapy Equipment Market Trend – Technological Advancement
Companies in the hydrotherapy sector are embracing new technology in order to maintain their market position. For example, Hydro Physio, a UK-based maker of water treatment treadmills, unveiled the new ACTIVE hydrotherapy trainer in January 2023, designed to rehabilitate individuals recovering from an injury or surgery. The technology is appropriate for particular, sanitary aquatic therapy rooms. It consists of a treadmill chamber, an entrance foyer, and integrated water management equipment. It is simple to operate and easily accessible for persons with limited mobility. This method is unusual in that it is intended to aid in the treatment of osteoarthritis, post-surgery rehabilitation, weight loss, pain and stress relief, overall wellness, and the reduction of load bearing on problematic joints. By combining hands-on pool-based physiotherapy approaches with customised exercises under the supervision of physiotherapists, hydrotherapy assists patients in regaining or improving physical wellbeing in a warm, relaxing environment.
Hydrotherapy Equipment Market Segment
1) By Type: Chambers Or Tanks, Hydrotherapy Pools, Hydrotherapy Tub Or Bath, Underwater Treadmill
2) By Application: Pain Management, Dermatology, Cardiology, Other Applications
3) By End User: Spa And Wellness Centers, Hospitals, Rehabilitation Centers, Other End-Users
Hydrotherapy Equipment Market Major Players and Strategies
Major players in the hydrotherapy equipment market are HydroWorx International Inc., Prime Pacific Health Innovations Corporation, Hydro Physio Ltd., Technomex, Stas Doyer, Transcom SL, Sidmar Manufacturing Inc., SwimEx Inc., Jacuzzi Inc. (Invest industrial Advisors Limited), Accord Medical Products Pvt. Ltd., EWAC Medical, Kohler Co., BTL Corporate, Transcom SL, and Dotolo Europe.
Jacuzzi, Inc., a US-based maker of branded bath, hot tub, swim spa, pool, and sauna products, paid an unknown sum in February 2020 to purchase LMI FLA Holdings Inc. and Leisure Manufacturing Inc. The acquisition expands Jacuzzi Brands’ existing product portfolio by adding the dream maker and dawn Spas product lines, allowing the company to better support retailers. LMI FLA Holdings Inc. and Leisure Manufacturing Inc. are both situated in the United States that manufacture armour, fibreglass pools, and spas mostly used for hydrotherapy.
The Hydrotherapy Equipment Global Market Report 2023 covers regional data on hydrotherapy equipment market size, hydrotherapy equipment market trends and drivers, opportunities, strategies, and hydrotherapy equipment market competitor analysis. The countries covered in the hydrotherapy equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Hydrotherapy (aqua therapy) equipment is used in aquatic workouts to aid in the healing and rehabilitation of individuals who have participated in intensive exercise or experienced major injuries. The use of water to treat some medical disorders is referred to as hydrotherapy. The equipment is used to treat pain and muscular spasms, relax, maintain or expand joint range of motion, re-educate paralysed muscles, and for other therapeutic purposes.
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