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How has the physiotherapy devices market grown over the years?

There has been significant growth in the size of the physiotherapy devices market in the past several years. It is projected to augment from $21.68 billion in 2024 to $23.15 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. This historic growth surge can be linked to a rise in demand for rehabilitation services, increasing cases of neurological and chronic ailments, a higher occurrence of injuries and diseases, a spike in musculoskeletal disorders, and an uptick in the aged population.

What Is the forecasted market size and growth rate for the physiotherapy devices market?

The market size of physiotherapy devices is anticipated to experience robust growth in the upcoming years, reaching $29.66 billion in 2029 with a compound annual growth rate (CAGR) of 6.4%. The rising incidence of sports injuries, unhealthy dietary practices, busy lifestyles, heightened consumer awareness, and a growing inclination towards domiciliary care account for this growth in the forecast period. The market trends during this period are expected to include enhanced electrotherapy, technological advancements, the adoption of artificial intelligence, wearable tech, and tele-rehabilitation methods.

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What are the major factors driving growth in the physiotherapy devices market?

The physiotherapy devices market is estimated to expand due to the escalating occurrences of musculoskeletal disorders. These disorders refer to conditions or injuries impacting the bones, muscles, joints, tendons, ligaments, and nearby structures causing discomfort, stiffness, and restricted movement. The surge in such disorders can be linked to multiple factors such as an ageing demographic, growing obesity and sedentary lifestyle rates, job-related risks like strenuous manual labor and uncomfortable work positions, tobacco consumption, and inadequate availability of preventive measures and timely interventions. Physiotherapy devices play a pivotal role in the treatment of these disorders, contributing to pain alleviation, enhanced mobility, and facilitated healing through focused rehabilitation. For instance, data from the Office for Health Improvement and Disparities in March 2023 reported that the number of people aged 16 and over, who reported a long-term musculoskeletal condition like arthritis or consistent issues with back or joints, increased to 17.6% in 2022, from 17.0% in 2021. Consequently, the increasing occurrences of musculoskeletal disorders are fuelling the growth of the physiotherapy devices market.

What key areas define the segmentation of the global physiotherapy devices Market?

The physiotherapy devices market covered in this report is segmented –

1) By Type: Equipment, Kit, Accessories

2) By Application: Musculoskeletal, Neurology, Cardiovascular, Other Applications

3) By End User: Hospitals, Physiotherapy Clinics, Rehabilitation Centers, Other End Users

Subsegments:

1) By Equipment: Electrical Stimulation Devices, Ultrasound Therapy Machines, Traction Equipment, Laser Therapy Devices, Cryotherapy Equipment, Heat Therapy Devices, Electrotherapy Units, Exercise Equipment

2) By Kit: Physiotherapy Treatment Kits, Mobility Assistance Kits, Pain Relief Kits, Post-Surgery Recovery Kits, Home Physiotherapy Kits

3) By Accessories: Massage Rollers, Therapy Balls, Resistance Bands And Tubes, Knee And Back Supports, Foot And Ankle Supports, Electrode Pads For Electrotherapy, Therapy Straps And Bands, Posture Correction Devices

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What are the top market players propelling the growth of the physiotherapy devices industry?

Major companies operating in the physiotherapy devices market are 3M Company, DJO LLC, BTL Industries Inc., Performance Health Holding Inc., Zynex Medical Inc., Morris Group International Inc., Dynatronics Corporation, Storz Medical AG, Algeo Limited, Chattanooga Group, Zimmer MedizinSysteme GmbH, Mectronic Medicale S.r.l., Mettler Electronics Corp., Astar Inc., Life Care Systems Pvt. Ltd., Accord Medical Products Private Limited, EMS Physio Ltd, International Electro Medical Co., Whitehall Manufacturing Inc., HMS Medical Systems Private Limited, Cosmedica Limited, Johari Digital Healthcare Ltd., India Medico Instruments, Medisport S.r.l.

What are the key trends shaping the future of the physiotherapy devices market?

Leading companies within the physiotherapy devices market are currently focusing on the production of home-use equipment like electrotherapy devices. These devices aim to excel in therapy results and speed up the recovery process for patients. An electrotherapy device is a medical tool that utilises electrical currents to serve medicinal purposes, including pain alleviation, muscle activation, and tissue repair. For example, Zynex Inc., an American medical device firm, introduced NexWave in March 2023; this state-of-the-art electrotherapy device specializes in managing pain. It provides relief that is 50 times more potent than that of standard transcutaneous electrical nerve stimulation (TENS) units, and it does so without any adverse effects. The way it functions is by discharging electrical signals that impede pain at the neurological level, establishing it as a safer choice to regular pain medication. This makes it especially ideal for patients recuperating from surgical procedures or enduring persistent pain. In addition to amplifying blood flow, Nexwave also encourages natural mobility and accelerates rehabilitation. It is specifically engineered for domestic use and delivers higher frequencies and a more robust electrical output than non-prescription devices, earning it high recommendations from both patients and their physicians.

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What regions are dominating the physiotherapy devices market growth?

North America was the largest region in the physiotherapy devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physiotherapy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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