The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Physical Therapy Supplies Global Market Report 2024, the physical therapy supplies market is expected to show significant growth in the forecast period.

Strong Market Growth: Recent Trends

• Market Expansion: The physical therapy supplies market has witnessed robust growth, increasing from $14.11 billion in 2023 to $14.96 billion in 2024, with a compound annual growth rate (CAGR) of 6%.
• Driving Factors:
  • Rising incidence of chronic diseases.
  • Increased healthcare expenditure.
  • Growing participation in sports and recreational activities.
  • Heightened awareness of physical therapy benefits.

Future Prospects: Continued Growth and Innovations

• Forecasted Growth: The market is expected to grow to $18.98 billion by 2028, maintaining a strong CAGR of 6.1%.
• Key Growth Drivers:
  • Shift towards home-based healthcare and remote monitoring.
  • Focus on preventive care.
  • Aging population and expanded healthcare infrastructure.
  • Rise of telemedicine and digital health platforms.
• Emerging Trends:
  • AI-integrated telerehabilitation solutions.
  • Virtual reality-based rehabilitation programs.
  • Technological innovations in therapy equipment.
  • Robotics and automated systems.
  • Sensor technology for movement analysis.
  • Remote rehabilitation apps and platforms.

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The Impact of Sports Injuries on Market Growth

• Increasing Sports Injuries: The prevalence of sports injuries is a significant driver for the physical therapy supplies market.
• Contributing Factors:
  • Higher participation in sports.
  • Inadequate training.
  • Equipment-related issues.
• Market Response: Physical therapy supplies are essential for effective rehabilitation, aiding in exercises, muscle strengthening, and restoring mobility.
• Statistical Insight:
  • According to the National Safety Council, exercise-related injuries increased by 8.9% from 2021 to 2022.
  • Bicycle-related injuries saw a 7.9% increase during the same period.

Leading Companies in the Physical Therapy Supplies Market

• Major Players:
  • Enovis Corporation, DJO Global Inc.
  • BTL Industries, BSN Medical GmbH.
  • Zynex Medical Inc., Patterson Medical.
  • Performance Health, Zimmer MedizinSysteme GmbH.
  • Dynatronics Corporation, Biodex Medical Systems Inc.

Remote Physical Therapy Solutions: Transforming Patient Care

• Advanced Solutions: Companies are developing remote physical therapy solutions to improve patient care and accessibility.
• Technological Integration:
  • Telecommunication technologies such as video conferencing, mobile apps, and wearables.
• Example:
  • Smith & Nephew PLC launched ARIA Home PT in May 2021, a remote physical therapy solution enhancing home-based treatment through advanced technology and telehealth.

Strategic Acquisitions: Indutrade and Primed

• Market Consolidation:
  • Indutrade AB acquired Primed Fysio och Rehab AB in July 2022, strengthening its medical technology portfolio.
• Focus:
  • Enhancing advanced physiotherapy capabilities and comprehensive rehabilitation services.

Market Segmentation

• By Type:
  • Hydrotherapy, Cryotherapy, Continuous Passive Motion, Ultrasound, Electric Stimulation, Heat Therapy, Therapeutic Exercise, Other Types.
• By Demographics:
  • Non-Geriatric Population, Geriatric Population.
• By Application:
  • Neurology, Musculoskeletal, Pediatrics, Cardiovascular And Pulmonary, Other Applications.
• By End Use:
  • Hospitals And Clinics, Rehabilitation Centers, Other End-Uses.
• Regional Insight:
  • North America was the largest region in the physical therapy supplies market in 2023.

Conclusion: A Promising Future

The physical therapy supplies market is set for continued growth, driven by technological advancements, increased healthcare focus, and rising demand from sports and aging populations. As remote and digital health solutions become more integrated, the market will continue to evolve, offering innovative approaches to patient care and rehabilitation.

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